Balu Forge Industries Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
BALUFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Jaspalsingh Prehladsingh Chandock acquired 30,00,000 equity shares (2.63% of diluted share capital) of Balu Forge Industries through a gift from two immediate relatives within the promoter group — Trimaan Jaspalsingh Chandock and Jaikaran Jaspalsingh Chandock (15 lakh shares each). The gift deed was executed on 7 June 2025 and the actual share transfer/corporate action took place on 27 June 2025. Following this, the acquirer's holding rose from 50.39% (5,74,40,024 shares) to 53.02% (6,04,40,024 shares), while each seller's holding fell by roughly 1.3%. No price was involved since the transfer was by way of gift, and the transaction is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. The required prior disclosure under Regulation 10(5) was filed on 2 June 2025.
This is a non-cash, internal reshuffling of promoter group holdings — total promoter group ownership remains unchanged, so there is no material dilution or value transfer for outside shareholders. Voting power within the promoter family is now more concentrated in Jaspalsingh Chandock, which may signal consolidation of control rather than any change in the company's fundamentals or prospects.