Balu Forge to Raise ₹162 Cr via Preferential Issue to Promoters

Balu Forge Industries Ltd announced that its Board of Directors has approved a preferential issue of up to 30,00,000 warrants to its promoters. Each warrant is convertible into one equity share of face value ₹10 at an issue price of ₹540 per warrant, aggregating up to ₹162 Crore (₹1,620,000,000). This move is subject to shareholder approval and other regulatory requirements. The company also approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Additionally, the Board resolved to increase the authorized share capital from ₹125 Crore to ₹132 Crore by creating 70,00,000 new equity shares. An Extra-Ordinary General Meeting (EOGM) is scheduled for December 12, 2026, to seek shareholder approval for these proposals.