Board approves USD 60 million FCCB issue and Q1 FY27 results

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BALUFORGE · price

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Price reactionminutes from the announcement price · days from the prior close

-3.3%Reaction day

₹463.20

prior close

₹459.95

announcement price

After-mkt

timing

Nifty Microcap 250market+0.2%-3.4% vs market

Castings & Forgings peers, median of 22sector-0.2%-3.0% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.0 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

+0.4

15m

-0.2

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3+0.2-3.4-0.2-3.0

Next day

+7.1+0.2+6.9+1.4+5.7

+10.7+0.4+10.3+0.6+10.1

+16.8+0.7+16.1+0.4+16.4

+16.3+0.1+16.1-0.3+16.6

+18.3+0.7+17.6+0.1+18.2

+35.8+1.2+34.7+1.6+34.3

15d

+23.4+0.7+22.6+5.4+18.0

+7.5-1.2+8.7+2.0+5.5

+5.1-1.1+6.2+5.7-0.6

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UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Balu Forge board approved Q1 FY27 results: standalone revenue Rs 175 crore (up 17% YoY), net profit Rs 38 crore. Consolidated revenue Rs 301 crore, net profit Rs 66 crore. Board also approved FCCB issue up to USD 60 million via private placement, subject to shareholder approval. EGM on September 4, 2026.

Likely market impact

FCCB issue can dilute equity on conversion. Q1 results show steady growth. EGM and regulatory approvals still needed.