Key Details of the 36th Annual General Meeting

• Date and Time: Monday, September 29, 2025 at 2:30 PM IST
• Mode: Video conferencing/other audio visual means

Important Dates

• Record Date: Friday, September 19, 2025 (for determining final dividend eligibility)
• Book Closure: Monday, September 22, 2025 to Monday, September 29, 2025

Key Business Items

1. Adoption of financial statements
2. Declaration of final dividend of Rs. 0.15 per share
3. Re-appointment of Mr. Jaikaran Jaspalsingh Chandock as director retiring by rotation
4. Re-appointment of M/s. M.B. Agrawal & Co. as statutory auditors for 5 years
5. Appointment of M/s. Prachi Bansal and Associates as secretarial auditors for 5 years
6. Ratification of remuneration of cost auditors
7. Increase in borrowing limits to Rs. 500 crores
8. Creation of charges on company assets

Additional Information

• The notice and annual report are being sent electronically to shareholders with registered email addresses.
• Remote e-voting period: September 25, 2025 to September 28, 2025
• Cut-off date for e-voting eligibility: September 22, 2025

Balu Forge Industries has announced the details of its 36th Annual General Meeting. Shareholders are encouraged to review the full notice for complete information and voting instructions.

Balu Forge Industries Limited , a leading precision engineering and manufacturing company, has reported robust financial results for the first quarter, demonstrating significant growth across key metrics.

Financial Highlights

The company's consolidated revenue from operations stood at ₹2,332.00 crore, marking a strong 33% year-on-year growth compared to ₹1,753.00 crore in the same quarter of the previous year. This impressive performance was driven by an improved value-added product mix and increased operating leverage.

Balu Forge's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged by 67.3% year-on-year to ₹723.00 crore, up from ₹432.00 crore in the same period last year. The EBITDA margin expanded significantly by 635 basis points to 31.0%, reflecting enhanced manufacturing efficiencies and the benefit of integrated high-margin machining.

Net profit after tax jumped by 66.9% year-on-year to ₹570.00 crore, compared to ₹342.00 crore in the corresponding quarter of the previous fiscal. The company's PAT margin expanded by 491 basis points to 24.3%, underpinned by margin expansion, stable cost control, and continued gains in global market share.

Operational Highlights and Strategic Initiatives

During the quarter, Balu Forge focused on boosting its capacity through several key initiatives:

1. Addition of a new Empty Shell production line
2. Installation of a 25T Hydraulic Hammer forging line, one of the world's largest closed die hammers
3. Integration of state-of-the-art 7-axis and 11-axis machining lines

The company's product capabilities are evolving, with unit weights progressing beyond 1 ton and gradually advancing towards 1.5 tons. Balu Forge is on track to increase its forging capacity from 100,000 tons to 150,000 tons annually, while machining capacity is set to rise from 45,000 tons to 80,000 tons per annum.

Management Commentary

Jaspalsingh Chandock, Managing Director of Balu Forge Industries Limited, commented on the results: "We delivered strong financial and operational results this quarter, reinforcing our commitment to engineering excellence and future preparedness. Despite ongoing geopolitical uncertainties, regional conflicts, and volatile tariff environments, our profitability remained stable, and we continued to strengthen our market position through focused execution and operational resilience."

Mr. Chandock also highlighted the company's progress on its greenfield facility, which is advancing in line with planned timelines. He added, "As we look ahead, apart from boosting our capacity, we are reinforcing our position as a global precision engineering powerhouse from India. With a strong foundation, advanced infrastructure, and a clear strategic vision, we are poised to capture emerging opportunities and shape the future of precision engineering."

Future Outlook

Balu Forge Industries continues to pursue a diversified strategy to mitigate long-term risks posed by volatile tariff situations. The majority of its new capacities are expected to be operational within this financial year, positioning the company for sustained growth and expansion in key sectors including defence, aerospace, and railways.

With its strong quarterly performance, Balu Forge Industries Limited demonstrates its resilience and ability to capitalize on market opportunities, setting a positive tone for the remainder of the fiscal year.