Jaspalsingh Prehladsingh Chandock 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.
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Awaiting price reaction for this filing.
Promoter Jaspalsingh Prehladsingh Chandock of Balu Forge Industries has received 30,00,000 equity shares (2.63% of diluted share capital) as a gift from immediate relatives Trimaan Jaspalsingh Chandock and Jaikaran Jaspalsingh Chandock (15 lakh each), based on a Gift Deed executed on 7 June 2025 with the actual transfer on 27 June 2025. No money changed hands since the transfer is by way of gift under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. As a result, the acquirer's stake rose from 50.39% (5,74,40,024 shares) to 53.02% (6,04,40,024 shares), while each seller's holding dropped by roughly half. The disclosure under Regulation 10(5) was already filed on 2 June 2025.
This is a non-cash, internal promoter-group reshuffle that consolidates ownership in one family member, pushing his holding further above the 50% majority mark. There is no impact on cash flows, business operations, or public float, so the stock price is unlikely to move meaningfully on this news.