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.

Balu Forge Industries has completed multiple equity transactions involving convertible warrant conversion and subsequent promoter group acquisition through preferential allotment. The company initially allotted 17.10 lakh equity shares through warrant conversion at ₹360 per share, followed by an additional 15.00 lakh shares acquired by the promoter group, as disclosed under SEBI regulations dated March 12, 2026.

Initial Warrant Conversion Details

The company successfully converted 17.10 lakh convertible warrants into equity shares at ₹360 per share, including a premium of ₹350. The shares carry a face value of ₹10 each and were issued following a 1:1 conversion ratio.

Investor-wise Distribution in Warrant Conversion

The initial warrant conversion was distributed among three investors, with the promoter group receiving the majority allocation through Trimaan Jaspalsingh Chandock.

Additional Promoter Group Acquisition

Following the warrant conversion, Jaspalsingh Prehladsingh Chandock disclosed additional acquisition under SEBI Regulation 29(2) dated March 12, 2026. The promoter group acquired 15.00 lakh additional shares through preferential allotment dated March 9, 2026, further consolidating their stake in the company.

Updated Promoter Group Holdings

The latest disclosure shows the revised shareholding pattern of the promoter group and persons acting in concert after the preferential allotment.

Share Capital Structure Post-Transactions

The combined transactions have resulted in significant changes to the company's equity structure, with the total issued share capital increasing substantially.

Regulatory Compliance and Corporate Information

The transactions were conducted in accordance with SEBI regulations, including Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company is led by Managing Director Jaspalsingh Chandock and maintains its registered office at Imperial Palace, Andheri East, Mumbai. The company's shares are listed on BSE Limited and it holds multiple ISO certifications including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.