Balu Forge Industries Ltd

Balu Forge Industries Ltd has acquired a state-of-the-art ring rolling production line capable of producing forged rings up to 6.7 meters in Outer Diameter (OD). This acquisition positions Balu Forge as one of India's largest ring rolling facilities, significantly boosting domestic heavy manufacturing capabilities. The new line will cater to high-growth sectors including defence, aerospace, wind energy, nuclear power, oil and gas, mining, heavy engineering, and marine. Production trials are expected before the end of 2026. This move aims to reduce reliance on imported ultra-large forged and precision-machined parts.

Balu Forge Industries Ltd has appointed GoIndia Advisors LLP to manage its investor relations, effective October 1, 2026. This engagement aims to enhance communication and engagement with the company's stakeholders. The information will be publicly available on the company's website, www.baluindustries.com, for broader dissemination.

Balu Forge Industries Ltd has announced that its Board of Directors will convene on September 7, 2026. The primary agenda item is to consider and recommend a final dividend for the financial year 2025-26. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting. The meeting will also address any other business matters that may be brought before the board.

Balu Forge Industries Ltd (BFIL) has announced the receipt of a multi-month contract for 155mm Extended Range Full Bore – Base Bleed (ERFB BB) & Extended Range Full Bore - Boat Tail (ERFB BT) shells in the Defence Sector. This follows the successful commercialisation and execution of the first purchase order for this advanced ammunition variant from an Indian ammunition player. The initial supply will consist of 10,000 units, with subsequent monthly supplies to be agreed upon. This achievement positions BFIL as a key private entity in indigenising critical defence technologies and highlights its advanced forging and machining capabilities. The company is also expanding its defence consumables sector presence, having secured NATO certification and launched mass production of standard 152mm and 155mm M107 projectiles at its new automated facility in Belgaum.

Balu Forge Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI (LODR) Regulations, 2015. The report, issued by Infomerics Valuation and Rating Pvt. Ltd., pertains to the utilization of proceeds from a preferential issue amounting to ₹496.80 crore. The company's Audit Committee and Board of Directors reviewed the report on August 14, 2026. The report indicates no deviation from the objects for which the funds were raised.

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.

Balu Forge Industries Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for September 4, 2026, at 12:30 PM IST, to be held via Video Conferencing. The primary agenda is to approve the raising of funds through the issuance of Foreign Currency Convertible Bonds (FCCBs). The notice for the EGM, dated August 12, 2026, will be dispatched to shareholders on August 13, 2026. Remote e-voting will be open from August 31 to September 3, 2026. The cut-off date for determining voting eligibility is August 28, 2026. The company has engaged NSDL for e-voting facilities.

Balu Forge Industries Limited's Board of Directors has approved the issuance of Foreign Currency Convertible Bonds (FCCBs) worth up to USD 60 million on a private placement basis. This move is subject to shareholder and regulatory approvals. The company also approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the board proposed an increase in borrowing limits to ₹1,000 crore and the creation of security interests on company properties, both requiring shareholder approval via an EGM. An Extraordinary General Meeting (EGM) is scheduled for September 04, 2026, to seek these approvals.

Balu Forge Industries Limited announced that its Board of Directors has approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The board also approved a proposal to raise funds up to USD 60 million through Foreign Currency Convertible Bonds (FCCBs) via private placement. Additionally, the company plans to increase its overall borrowing limits to ₹1,000 crore and create security interests on its properties, subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM) scheduled for September 04, 2026. The EGM will also seek approval for these financial proposals.

Balu Forge Industries Ltd. reported its unaudited financial results for the quarter ended June 30, 2026. The company achieved a consolidated Revenue from Operations of ₹3,007 Mn, a significant 29.0% increase year-on-year. EBITDA grew by 17.3% YoY to ₹848 Mn, with an EBITDA margin of 28.2%. Profit After Tax (PAT) stood at ₹661 Mn, up 15.9% YoY, with a PAT margin of 21.7%. The Chairman highlighted strong performance driven by growth in aerospace, defence, and precision heavy engineering segments, including a maiden aerospace order from the US and incremental defence orders. The company is expanding capacities to support growing demand and a strategic shift towards higher-margin businesses.