Balu Forge Industries promoter Jaspalsingh Prehladsingh Chandock has disclosed the creation of a pledge on 8,75,000 equity shares to Aditya Birla Capital Limited. The disclosure was made on March 16, 2026, in compliance with Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Details

The promoter pledged the shares on March 7, 2026, to avail financial facility from Aditya Birla Capital Limited, a Non-Banking Financial Company (NBFC). The encumbrance was created through a formal pledge arrangement as disclosed in the prescribed Annexure I and II format.

Financial Details

The pledge arrangement involves significant financial parameters with a security cover ratio of 2.7:1. The value of pledged shares on the event date stood at ₹40,07,50,000 against the borrowed amount of ₹14,82,30,000.

Shareholding Impact

The pledged shares represent 0.73% of the company's total share capital and 1.45% of the promoter's total shareholding. Prior to this encumbrance, the promoter had no previously encumbered shares, indicating this is a fresh pledge arrangement.

Regulatory Compliance

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited through formal communication from the promoter. The company provided comprehensive documentation including the promoter's direct disclosure and detailed annexures as required under SEBI regulations. The promoter's address is listed as Plot No. 554, Hari Niwas, 33 Road, Khar West, Mumbai-400052, Maharashtra.

The promoter has fulfilled the mandatory disclosure requirements within the prescribed timeline under SEBI regulations. The encumbrance details were provided in the standard format as required by the regulatory framework for substantial acquisition and takeover regulations.

Balu Forge Industries Limited has announced a significant share acquisition by its promoter group through a preferential allotment, as disclosed under SEBI regulations on March 14, 2026. The transaction involves the acquisition of 15,00,000 shares by Mr. Jaikaran Jaspalsingh Chandock, a member of the promoter group.

Acquisition Details

The share acquisition was completed through preferential allotment on March 6, 2026. Mr. Jaikaran Jaspalsingh Chandock acquired 15,00,000 shares, representing 1.26% of the company's total share capital and 1.24% of the diluted share capital.

Promoter Group Holdings

The promoter group consists of three members: Mr. Jaspalsingh Prehladsingh Chandock (the primary promoter), Mr. Trimaan Jaspalsingh Chandock, and Mr. Jaikaran Jaspalsingh Chandock. Following the acquisition, their combined shareholding pattern shows a consolidated position in the company.

Holdings After Acquisition

Capital Structure Changes

The preferential allotment resulted in an expansion of the company's equity share capital. The transaction increased the total number of outstanding shares and modified the overall capital structure of Balu Forge Industries Limited.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company secretary and compliance officer, Ms. Tabassum Begum, filed the necessary documentation with both BSE Limited and the National Stock Exchange of India Limited. The company is listed on BSE Limited with scrip code 531112 and trades under the symbol BALUFORGE on NSE.