Balu Forge Approves Unaudited Results, FCCB Issuance

Balu Forge Industries Limited announced that its Board of Directors has approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The board also approved a proposal to raise funds up to USD 60 million through Foreign Currency Convertible Bonds (FCCBs) via private placement. Additionally, the company plans to increase its overall borrowing limits to ₹1,000 crore and create security interests on its properties, subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM) scheduled for September 04, 2026. The EGM will also seek approval for these financial proposals.