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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On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 0.7 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.
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Balu Forge Industries disclosed a preferential allotment to a member of the promoter group, Mr. Jaikaran Jaspalsingh Chandock, who received 15,00,000 equity shares (1.26% of pre-allotment share capital) on 6 March 2026. After the allotment, his holding rose to 25,10,150 shares (2.11% of total voting capital), while the main promoter Mr. Jaspalsingh P Chandock's percentage dipped to 50.75% purely due to share capital expansion. The company's total equity capital increased from 11.76 crore to 11.91 crore shares (₹119.12 crore). Combined promoter group holding marginally rose from 53.17% to 53.76% of voting capital, with no pledges or encumbrances involved.
This is a routine intra-promoter-group capital infusion via preferential allotment, reflecting continued promoter commitment rather than any open-market buying. No change in overall promoter control and no dilution concerns for shareholders, as the promoter group's aggregate stake actually increased slightly.