Investment6 Mar 2026, 09:01 pm
Balu Forge Industries Allots 20.6 Lakh Equity Shares Upon Convertible Warrants Exercise
AI Summary
Balu Forge Industries Ltd. has allotted 20,60,000 equity shares at an issue price of Rs. 360 (including a premium of Rs. 350 per share) to the share warrant holders who exercised their option available with the Convertible Warrants. The allotment was approved by the Board of Directors on March 6, 2026, and the shares have a face value of Rs. 10 each.
Key Highlights
- Balu Forge Industries allotted 20,60,000 equity shares at Rs. 360 per share.
- The allotment was made to share warrant holders who exercised their option available with the Convertible Warrants.
- The shares have a face value of Rs. 10 each.
- The allotment was approved by the Board of Directors on March 6, 2026.
- The allotment was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.