The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on March ....
BALUFORGE · price
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On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.3 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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Promoter Mr. Jaspalsingh Prehladsingh Chandock has pledged 8,75,000 equity shares (0.73% of total share capital) of Balu Forge Industries in favour of Aditya Birla Capital Limited, an NBFC. The pledge was created on 7th March 2026 to avail a financial facility of around ₹14.82 crore, against shares valued at roughly ₹40.08 crore (a security cover of 2.7 times). The pledged shares represent only 1.45% of the promoter's own holding of 6,04,59,024 shares (50.52% of the company). The borrowed amount is stated to be for personal use by the promoter and promoter group entities, not for the listed company's benefit.
This is a relatively small pledge (less than 2% of the promoter's own stake and under 1% of total equity), so it is unlikely to materially affect shareholding control or trigger market concern. However, it does signal that the promoter is raising personal funds against his shares, which retail investors may want to track alongside any future pledge creations or invocations.