Balu Forge Industries Limited has received shareholder approval to re-appoint Mr. Radhey Shyam Soni and Mrs. Shalu Laxmanraj Bhandari as Independent Directors for a period of two years. The resolutions were passed via a special resolution through a postal ballot process, ensuring the continuity of the board's leadership structure.

The postal ballot process, conducted in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, saw a strong mandate from shareholders. The remote e-voting facility was open from May 28, 2026, to June 26, 2026, with the record date set as May 22, 2026. A total of 80,556 shareholders were on record as of the cut-off date.

Voting Results Summary

The scrutinizer's report confirmed that both special resolutions were passed with the requisite majority. The detailed voting patterns for the re-appointments are outlined below.

Breakdown by Shareholder Category

The voting participation varied across different categories of shareholders. The Promoter and Promoter Group cast 100% of their votes in favour of both resolutions. Public institutions and non-institutions also participated, with the majority supporting the re-appointments.

For the resolution regarding Mr. Radhey Shyam Soni, Public-Institutions cast 553,875 votes in favour and 48,289 against, while Public-Non Institutions cast 339,064 votes in favour and 883 against. For Mrs. Shalu Laxmanraj Bhandari's resolution, Public-Institutions cast 574,961 votes in favour and 27,203 against, whereas Public-Non Institutions cast 335,214 votes in favour and 1,233 against.

Procedural Compliance

The postal ballot notice was dispatched to shareholders on May 27, 2026, and advertisements were published in Business Standard, Navshakti, and The Free Press Journal on May 28, 2026. Jaymin Modi & Co, Practicing Company Secretaries, served as the scrutinizer for the process, ensuring the voting was conducted fairly and transparently. The results were declared on June 29, 2026.

Balu Forge Industries Limited has scheduled a plant visit and management interaction for investors and analysts on July 2, 2026. The event will be held at the company's manufacturing facilities located in Belgaum and Hattargi. This initiative aims to provide stakeholders with a closer look at the company's operations and production capabilities.

The meeting is being conducted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The interaction will be a physical group meeting, allowing attendees to observe the plant's activities firsthand. The schedule for these meetings remains subject to change due to potential exigencies involving analysts, institutional investors, or the company.

Balu Forge Industries clarified that no unpublished price sensitive information will be shared during the investor meetings. The disclosure was submitted to the stock exchanges by Jaspalsingh Chandock, Managing Director, on behalf of the company.

Event Schedule