The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jaspalsingh P Chandock & PACs
BALUFORGE · price
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Promoter Mr. Jaspalsingh P Chandock, along with persons acting in concert (Trimaan and Jaikaran Chandock), disclosed acquisition of 13,25,000 equity shares of Balu Forge Industries Ltd through a preferential allotment on 3rd April 2025. The acquisition represents 1.20% of pre-allotment voting capital and 1.09% of diluted voting capital. Following this, the promoter group's combined holding stands at 6,55,26,074 shares (55.78% of voting capital and 53.98% of diluted capital). The company's equity share capital increased from Rs. 1,10,76,69,000 to Rs. 1,12,09,19,000, with 13,25,000 new shares issued at Rs. 10 each. No encumbrance (pledge/lien) was created as part of this transaction.
A promoter-group subscription via preferential allotment signals promoter confidence in the company's growth prospects and strengthens their controlling stake above 55%, which is generally viewed positively by retail investors.