Balu Forge Industries Limited has completed a significant equity allotment following the successful conversion of convertible warrants. The Board of Directors approved the allotment of 10,00,000 equity shares on February 09, 2026, marking an important milestone in the company's capital structure enhancement.

Warrant Conversion Details

The allotment involves the conversion of convertible warrants held by Ebisu Global Opportunities Fund Limited, a non-promoter group investor. The conversion was executed on a 1:1 ratio, with each warrant converting into one fully paid-up equity share.

Financial Impact and Consideration

The warrant conversion generated substantial capital infusion for Balu Forge Industries. The total consideration received amounts to Rs. 27,00,00,000, representing 75% of the total transaction value.

The remaining 25% of the consideration was previously received during the initial warrant allotment, completing the full payment structure as per the original terms of the issue.

Allottee Information

Ebisu Global Opportunities Fund Limited, classified as a non-promoter group entity, exercised its option to convert all 10,00,000 convertible warrants into equity shares. This conversion demonstrates the investor's confidence in Balu Forge Industries' growth prospects and strategic direction.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both BSE Limited and National Stock Exchange of India Limited about this corporate action, ensuring full regulatory compliance and transparency.

This warrant conversion strengthens Balu Forge Industries' equity base while providing additional capital resources for operational expansion and strategic initiatives. The successful completion of this transaction reflects the company's ability to attract institutional investment and execute capital-raising activities effectively.

Balu Forge Industries Limited has announced that ICRA Limited has upgraded the credit ratings for its bank facilities, marking an improvement in the company's borrowing profile. The rating agency communicated the upgraded ratings through a letter dated February 09, 2026.

Credit Rating Details

ICRA Limited has assigned comprehensive credit ratings to the company's bank facilities totaling Rs. 231.00 crore. The ratings represent an upgrade from the company's existing borrowing credit ratings, reflecting improved creditworthiness.

Banking Relationships

The rated facilities are distributed across two major banking partners. Union Bank of India provides working capital facilities of Rs. 91.00 crore, term loans of Rs. 13.03 crore, and letter of credit facilities of Rs. 25.00 crore. Axis Bank Limited contributes working capital facilities of Rs. 75.00 crore, term loans of Rs. 25.00 crore, and external benchmark rate-based non-fund facilities of Rs. 1.00 crore.

Rating Significance

The [ICRA]A-(Stable) rating indicates adequate degree of safety regarding timely servicing of financial obligations, with stable outlook suggesting that the rating is not likely to change in the near term. The [ICRA]A2+ rating for short-term facilities indicates high degree of safety regarding timely payment of financial obligations.

Regulatory Compliance

The company has disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rating information has been communicated to both BSE Limited (Scrip Code: 531112) and National Stock Exchange of India Limited (Trading Symbol: BALUFORGE) on February 10, 2026.

ICRA has indicated that the ratings will be subject to surveillance within one year from the rating communication date and reserves the right to review or revise the ratings based on new information or changing circumstances.