Balu Forge Industries Limited has announced that it has received upgraded credit ratings from ICRA Limited for its banking facilities. The company informed stock exchanges on February 02, 2026, about the improved credit assessment under regulatory disclosure requirements.

Credit Rating Details

ICRA Limited assigned credit ratings to the company's bank facilities through its letter dated February 02, 2026. The rating action covers working capital facilities with specific terms and conditions.

Rating Improvement

The upgraded credit ratings represent a significant improvement from the company's existing borrowing credit ratings. Balu Forge Industries had previously communicated about its credit ratings to exchanges on November 29, 2025, indicating that the current assignment marks an enhancement in the company's creditworthiness assessment.

The ratings are specific to long-term and short-term fund-based and non-fund based limits totaling Rs. 25.00 crore. ICRA's rating committee evaluated the company's financial position and assigned the improved ratings following their assessment process.

Regulatory Compliance

The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed.

Company Secretary Tabassum Begum signed the regulatory filing, ensuring proper compliance with disclosure norms. The rating information has also been uploaded on the company's official website for stakeholder access.

Rating Terms and Surveillance

ICRA Limited specified that the assigned ratings will become due for surveillance within one year from the rating communication date. The rating agency reserves the right to review and revise the ratings based on new information or changing circumstances that could impact the assessment.

The ratings are specific to the current terms and conditions of the instruments. Any changes in terms or size of the facilities would require a review by ICRA Limited before the instruments are utilized by the company.

Balu Forge Industries has achieved a significant milestone by joining the NATO supply chain to provide high-precision defence parts to member states. This strategic partnership marks a major advancement for the company and strengthens India's position in the global defence manufacturing landscape.

Strategic Partnership with NATO

The inclusion of Balu Forge Industries in the NATO supply chain represents a notable achievement in the defence manufacturing sector. The company will be responsible for supplying high-precision defence components to NATO member states, demonstrating its manufacturing capabilities and adherence to international quality standards.

Impact on India's Defence Manufacturing Position

This development significantly enhances India's standing in the global defence manufacturing ecosystem. The partnership showcases the country's growing capabilities in producing defence components that meet stringent international requirements and quality specifications demanded by NATO member nations.

Company's Manufacturing Capabilities

Balu Forge Industries' selection for the NATO supply chain underscores the company's technical expertise and manufacturing precision in the defence sector. The ability to meet NATO's rigorous standards positions the company as a reliable supplier in the international defence manufacturing network.

Significance for Global Defence Manufacturing

The partnership represents an important step in expanding India's participation in global defence supply chains. This collaboration demonstrates the increasing recognition of Indian defence manufacturers' capabilities and their ability to compete in international markets while meeting demanding technical specifications.