Regulatory14 Aug 2026, 04:24 pm
Balu Forge: No Deviation in Preferential Issue Fund Use for Q1 FY27
AI Summary
Balu Forge Industries Ltd has submitted a statement confirming no deviation or variation in the utilization of funds raised through preferential issues for the quarter ended June 30, 2026. The company raised a total of ₹14,580 lakhs across three preferential issues on February 25, March 6, and March 9, 2026. The funds were allocated to the purchase and installation of plant and machinery, working capital requirements, and general corporate purposes. The Audit Committee reviewed and approved the statement, confirming adherence to the stated objects.
Key Highlights
- No deviation reported in preferential issue fund utilization for Q1 FY27.
- Total funds raised via preferential issues: ₹14,580 lakhs.
- Funds allocated to plant/machinery, working capital, and general corporate purposes.
- Audit Committee approved the statement of no deviation.
- Report filed as per SEBI (LODR) Regulations, 2015.
Price Impact
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