Balu Forge Industries Invests in Swan Balu Heavy Industries: A 40% Stake Acquisition in a Special Purpose Vehicle for Defence, Aerospace, Railways & Nuclear Industries

Balu Forge Industries Ltd has invested in Swan Balu Heavy Industries Private Limited (SBHIPL), a Special Purpose Vehicle (SPV) company formed with Swan Energy Limited. The investment is for the purpose of exploring potential for supply of products & solutions suitable for the Global Defence Industry, Aerospace, Railways & Nuclear Industries. Balu Forge Industries has subscribed for 40,000 equity shares of SBHIPL at a face value of Rs. 10/- each, amounting to a 40.00% stake in the company. The SPV company was incorporated in April 2025 and is based in India.