Corporate Governance4 Jun 2026, 11:11 pm
Balu Forge: Monitoring Agency Report for Q4 FY26 Preferential Issue
AI Summary
Balu Forge Industries Ltd has submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by Infomerics Valuation and Rating Pvt. Ltd., confirms no deviation from the objects for the utilization of proceeds from the preferential issue and warrants, which aggregated to Rs. 496.80 crore. The report was reviewed by the Audit Committee and approved by the Board via circular resolution on June 04, 2026.
Key Highlights
- Monitoring Agency Report for Q4 FY26 submitted.
- No deviation in utilization of preferential issue proceeds.
- Preferential issue and warrants aggregated to Rs. 496.80 crore.
- Report issued by Infomerics Valuation and Rating Pvt. Ltd.
- Reviewed by Audit Committee and Board.
Price Impact
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