Balu Forge Industries Limited has informed the Exchange regarding allotment of 1630000 securities pursuant to Preferential Issue at its meeting held on February 25, 2026
BALUFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 9.8 pts more than Nifty Microcap 250 and 10.5 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Balu Forge Industries has allotted 16,30,000 equity shares (face value Rs. 10 each) at Rs. 360 per share, including a premium of Rs. 350 per share, following the exercise of convertible warrants issued earlier on a preferential basis. The shares were allotted to three non-promoter investors: Ebisu Global Opportunities Fund Limited (11,00,000 shares), Rakesh Hasmukhlal Kanabar (3,30,000 shares), and Ovata Equity Strategies Master Fund (2,00,000 shares). The company received the remaining 75% consideration totalling Rs. 44.01 crore, with the initial 25% already paid at the time of warrant allotment. The conversion ratio was 1 equity share for every warrant exercised, and the allotment was approved by the Board on February 25, 2026.
This is a pre-scheduled conversion of warrants into equity shares, so it is largely a technical event with no fresh capital being raised beyond what was already committed. Shareholders should note a modest dilution from the issuance of 16.30 lakh new shares, while the company strengthens its equity base by Rs. 44.01 crore.