Balu Forge Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
BALUFORGE · price
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Balu Forge Industries Limited held its 36th AGM on September 29, 2025, at 2:30 PM via video conferencing, chaired by Managing Director Jaspalsingh Chandock. Eight resolutions were put to vote, including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and declaration of a final dividend of Rs. 0.15 per equity share (1.5%) on shares of Rs. 10 face value. Other key items included the re-appointment of Whole-time Director Jaikaran Chandock (retiring by rotation), re-appointment of M/s. M. B. Agrawal & Co. as Statutory Auditors for five years, and approval to increase the company's borrowing powers. The meeting concluded at 3:03 PM, with the scrutinizer required to submit the consolidated voting results within two working days.
Shareholders can expect a small final dividend of Rs. 0.15 per share, while the proposal to increase borrowing powers may signal plans for higher debt or expansion. The re-appointment of directors and auditors is routine, with no major disruptive changes indicated.