Rs 550 Crore Order Book: Ashish Kacholia's Stake in Railway Wagons Company Rises to 18.4 Per Cent via Preferential Allotment on March 10, 2025

The stock is up by 21 per cent from its 52-week low of Rs 1,111 per share.

On Wednesday, shares of Cosmic CRF Limited gained 2 per cent to Rs 1,341.85 per share from its previous closing of Rs 1,361 per share. The stock has a 52-week high of Rs 2,210 and a 52-week low of Rs 1,111.

Cosmic CRF is engaged in the manufacturing of railway components, sheet piles and structures. Cosmic CRF Limited is a qualified and RDSO-approved supplier of cold-rolled stainless sections to renowned wagon manufacturers. In addition to this, the company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement.

Cosmic CRF Ltd. recently underwent a significant change in its shareholding structure on March 10, 2025, through a preferential allotment. Before this acquisition, Ashish Kacholia, along with Persons Acting in Concert (PAC), including RBA Finance & Investment Company, Dar's Business Finance Private Limited, and Everest Finance & Investment Company, held 10,70,800 Equity Shares, representing 13.0617 per cent of the company's paid-up equity share capital. The preferential allotment saw Ashish Kacholia acquire an additional 6,19,600 shares, increasing his total stake in Cosmic CRF Ltd. to approximately 18.4 per cent (specifically, 11.6548 per cent post-allotment for the original holding and 6.7438 per cent for the new acquisition, totaling 18.4 per cent of the post-allotment equity share capital), as the company's total equity share capital increased from 81,98,000 to 91,87,643 Equity Shares.

Cosmic CRF Ltd has a market cap of over Rs 1,200 crore and as of June 2025, the company’s order book stands at Rs 550 crore. The stock is up by 21 per cent from its 52-week low of Rs 1,111 per share.

Disclaimer: The article is for informational purposes only and not investment advice.