Balu Forge Industries Limited has informed the Exchange regarding allotment of 1710000 securities pursuant to Preferential Issue at its meeting held on March 09, 2026

Balu Forge Industries has allotted 17,10,000 equity shares of face value Rs. 10 each at an issue price of Rs. 360 per share (including a Rs. 350 premium), arising from the conversion of convertible warrants that were earlier issued on a preferential basis. The total consideration received in this tranche is about Rs. 46.17 crore, which represents the balance 75% of the warrant money (the initial 25% was already paid at the time of warrant allotment). Of the total, the promoter group's Trimaan Jaspalsingh Chandock converted 15,00,000 warrants for Rs. 40.50 crore, while two non-promoter allottees — Rakesh Hasmukhlal Kanabar (1,10,000 shares) and Harish Vasudevan (1,00,000 shares) — accounted for the remaining Rs. 5.67 crore. The board approved this allotment at its meeting on March 9, 2026, and the disclosure has been made to both BSE and NSE under Regulation 30 of the SEBI Listing Regulations.