Board Meeting14 Nov 2026, 09:12 pm
Balu Forge Approves Unaudited Q2 FY27 Results, Fund Raise
AI Summary
Balu Forge Industries Ltd announced the outcome of its Board Meeting held on November 14, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Additionally, the company proposed an increase in authorized share capital and plans to raise funds through the issuance of up to 30,00,000 warrants to promoters on a preferential basis at ₹540 per warrant, aggregating up to ₹1,620 Crore. An Extra-Ordinary General Meeting (EOGM) will be convened on December 12, 2026, to seek shareholder approval for these proposals.
Key Highlights
- Unaudited standalone and consolidated financial results for Q2 FY27 approved.
- Authorized share capital to be increased.
- Fundraising via preferential issue of 30 lakh warrants planned.
- Issue price for warrants set at ₹540 per warrant.
- EOGM scheduled for December 12, 2026, for shareholder approval.
Price Impact
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