Promoters Jaikaran Jaspalsingh Chandock and Trimaan Chandock declared that no encumbrance was created on equity shares of balu forge industries during the financial year ended March 31, 2026. The disclosures, submitted to BSE Limited and National Stock Exchange of India Limited, confirm that the promoters have not pledged or created any charge on shares directly or indirectly in FY26. This filing ensures compliance with SEBI regulations regarding the disclosure of shareholding details.

The declarations were made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The documents confirm that all previously disclosed encumbrances, if any, continue to remain valid and subsisting as on the specified date. The submissions were digitally signed by Jaikaran Jaspalsingh Chandock and Trimaan Chandock on April 6, 2026.

Copies of the declarations were forwarded to the Company Secretary and the Audit Committee of Balu Forge Industries Limited for their records and necessary action. The Director Identification Numbers (DIN) listed are 06965738 for Jaikaran Jaspalsingh Chandock and 02853445 for Trimaan Chandock.

Status of Encumbrances

Balu Forge Industries Ltd has secured a significant order to supply 30,000 units of 152 mm artillery shells to a major Indian energetics player, marking a critical expansion in the domestic defence sector. Supplies for this initial contract are scheduled to commence in June 2026. The agreement establishes a framework for long-term collaboration, with order volumes projected to scale up to over 100,000 shells and the integration of additional ammunition variants into the production pipeline.

Order Details and Production Capacity

The execution of this order will be supported by Balu Forge Industries' 100% indigenously built, fully automated empty shell production line at its greenfield facility in Belgaum, Karnataka. This unmanned forging line utilizes advanced robotics to deliver precision and efficiency. To meet rising demand, the company is increasing the capacity of this automated shell line, aligning with the Government of India's Aatmanirbhar Bharat initiative.

Strategic Forward Integration

Balu Forge Industries is advancing its forward integration strategy through its subsidiary, Quantum Energetics, to focus on advanced energetics and defence materials. This move aims to transition the company up the value chain, enabling participation in advanced stages of ammunition development and filling technologies beyond manufacturing precision empty shell bodies.

Global Compliance and Certification

The company holds NATO certification and a long-term MOU, qualifying it as a supplier of high-precision defence components for NATO member states. This accreditation supports the company's objective to fulfill international defence contracts alongside domestic commitments, underscoring its quality control and metallurgical standards.