Balu Forge Industries Limited has successfully completed the allotment of 10 lakh equity shares through the conversion of convertible warrants, as announced on December 30, 2025. The Board of Directors approved this significant capital raising exercise, which involved the conversion of warrants held by non-promoter investor Krisharya Trust.

Share Allotment Details

The company allotted equity shares with specific financial parameters that demonstrate the premium nature of this transaction:

Investor and Transaction Structure

Krisharya Trust, classified as a non-promoter group investor, exercised all 10 lakh convertible warrants in this transaction. The warrants were originally issued on a preferential basis, and the conversion follows the standard regulatory framework for such instruments.

Regulatory Compliance and Payment Structure

The transaction adheres to SEBI regulations, with the company receiving 75% of the total consideration amounting to ₹27.00 crores during this conversion phase. The remaining 25% was previously collected at the time of initial warrant allotment, completing the full payment cycle as per regulatory requirements.

Corporate Governance

The allotment was formally approved by the Board of Directors and disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Jaspalsingh Chandock (DIN 00813218) signed the regulatory filing, ensuring compliance with all applicable disclosure norms.

This warrant conversion represents a successful completion of the company's preferential issue strategy, providing additional equity capital while maintaining regulatory compliance and transparency in the process.

Balu Forge Industries Limited has received a regulatory disclosure from promoter Jaspalsingh Prehladsingh Chandock regarding the acquisition of additional equity shares in the company. The disclosure, filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 and Prohibition of Insider Trading Regulations 2015, details a strategic share purchase that reinforces promoter commitment to the company.

Latest Transaction Details

The most recent acquisition involved 9,000 equity shares of face value ₹10.00 each, executed through an open market transaction on December 29. The following table summarizes the key transaction parameters:

Updated Shareholding Analysis

The acquisition has resulted in a marginal increase in the promoter's shareholding percentage. The detailed shareholding comparison shows:

Company Capital Structure

The disclosure provides comprehensive details about the company's capital structure:

The diluted share capital calculation assumes full conversion of outstanding convertible securities and warrants into equity shares, providing investors with a complete picture of potential shareholding dilution.

Regulatory Compliance

Chandock has fulfilled all regulatory requirements by submitting the mandatory disclosure to both stock exchanges where the company is listed. The disclosure ensures transparency in promoter transactions and maintains compliance with securities market regulations. This open market acquisition demonstrates continued promoter confidence in the company's prospects while maintaining regulatory transparency through proper disclosure mechanisms.

Following this transaction, Jaspalsingh Prehladsingh Chandock's shareholding in Balu Forge Industries has increased to 53.04% of the total share capital.