Balu Forge Industries Ltd

The agreement marks the next phase of the company's expansion into the defence consumables segment following its onboarding into the NATO supply chain and commercialisation of its empty shell production line. The MoU has been signed with a NATO-affiliated entity, though the end user's name has not been disclosed due to confidentiality and the sensitive nature of the supplies. Under the agreement, Balu Forge will supply 30,000 units per month of 155 mm M107 shells and 10,000 units per month of 152 mm shells in 'Ready to Fill' condition, for a period of five years starting 25 February 2026. Supplies are scheduled to commence from April 2026 and will be ramped up in a phased manner. The contract also covers the broader large-calibre ammunition category, including 155 mm ERFB/BT and 152 mm variants, with potential expansion to 105 mm, 120 mm and 81 mm shells at a later stage, subject to trials and approvals. The agreed price is $315 per unit for both 155 mm M107 and 152 mm shells, indexed to the London Metal Exchange to account for fluctuations in raw material prices. The terms are on an FOB Nhava Sheva basis. Payment terms include 20% advance, with the balance payable through an irrevocable letter of credit within 30 days from invoice issuance. The committed volumes exceed the company's current installed capacity of 360,000 units per annum. However, Balu Forge said it has plans in place to enhance production capacity through internal accruals to meet the order requirements. The company stated that the agreement aligns with its strategy to build a strong presence in the defence consumables space, beginning with large-calibre ammunition and gradually expanding into medium- and small-calibre segments. Balu Forge Industries is a precision engineering company delivering forged and machined components across multiple global industries. The company offers a comprehensive product portfolio, supporting diverse applications in automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture. The company's consolidated net profit jumped 20.5% to Rs 71.09 crore on 21.6% increase in revenue from operations to Rs 311.11 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

Balu Forge Industries has entered into a memorandum of understanding with a NATO affiliated entity for the supply of empty shells from the Company's greenfield manufacturing campus in Belgaum, Karnataka. This is the next phase of our journey post the onboarding onto the NATO supply chain & commercialisation of our empty shell line, said the company. The said agreement covers the complete large caliber ammunition category starting with 155 mm M107, 152 mm & 155 mm ERFB/BT variants & will be extended to 105 mm, 120 mm, 81 mm amongst others. Product details: 155 mm M107: 30,000 units per month in 'Ready to Fill' condition for a period of 5 years 152 mm: 10,000 units per month in 'Ready to Fill' condition for a period of 5 years Pricing details: 155 mm M107: USD 315 per unit 152 mm: USD 315 per unit Powered by Capital Market - Live

Net profit of Balu Forge Industries rose 20.47% to Rs 71.09 crore in the quarter ended December 2025 as against Rs 59.01 crore during the previous quarter ended December 2024. Sales rose 21.63% to Rs 311.11 crore in the quarter ended December 2025 as against Rs 255.78 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales311.11255.78 22 OPM %27.1726.47 - PBDT83.5975.01 11 PBT80.6774.16 9 NP71.0959.01 20 Powered by Capital Market - Live

Balu Forge Industries will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

 Balu Forge Industries announced its formal induction into the NATO supply chain for critical defence components. This strategic milestone grants the company the mandate to manufacture and supply high-specification artillery shell bodies and complex forged components to NATO member states. Powered by Capital Market - Live

The company said it has been certified as a supplier of high-precision, mission-critical defence components for NATO member states. The induction allows Balu Forge to manufacture and supply artillery shell bodies and complex forged components for global defence platforms. The development expands Balu Forge's defence portfolio into global artillery and advanced ammunition programmes. The company added that NATO onboarding provides long-term revenue visibility and access to high-margin international defence contracts. Balu Forge Industries is a precision engineering company delivering forged and machined components across multiple global industries. The company offers a comprehensive product portfolio, supporting diverse applications in automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture. On a consolidated basis, net profit of Balu Forge Industries rose 35.50% to Rs 65.04 crore while net sales rose 34.38% to Rs 299.51 crore in Q2 September 2025 over Q2 September 2024. Powered by Capital Market - Live

Balu Forge Industries has commenced operations of its empty shell production line - one of the first 100% indigenously built production line in India - at its greenfield manufacturing campus in Belgaum, Karnataka. The line with an annual production capacity of 360,000 shells has an advanced forging and machining line for large calibre ammunition projectiles. The empty shell production line enhances Balu Forge's capability to deliver advanced machining solutions for critical applications in the defence industry. The company has plans to further expand the production line to meet the global and domestic demand. The entire forging line has achieved near 100% automation powered by FANUC Robotics which makes it one of the most advanced both in India and the global defence manufacturing market. The entire production line has been designed in-house. Over 18 machinery manufacturers were involved in designing, developing and commercialising the 100% Make in India production line. The complete forging line is unmanned and it has been programmed and commissioned in-house with a cycle time of 55 seconds. This development aligns with Balu Forge's long-term strategy to expand its precision engineering portfolio across industries and geographies with continued emphasis on supplying fully machined components. This is a part of the Company's plan to commercialise its greenfield facility in Belgaum, Karnataka. In addition, Balu Forge is also working towards rolling out a number of high precision production lines in a phased manner in the near future, driving the government's Atmanirbhar Bharat mission and serving the Indian defence industry. Powered by Capital Market - Live

Net profit of Balu Forge Industries rose 35.50% to Rs 65.04 crore in the quarter ended September 2025 as against Rs 48.00 crore during the previous quarter ended September 2024. Sales rose 34.38% to Rs 299.51 crore in the quarter ended September 2025 as against Rs 222.88 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales299.51222.88 34 OPM %27.6529.27 - PBDT82.0764.63 27 PBT79.9263.80 25 NP65.0448.00 36 Powered by Capital Market - Live

Balu Forge Industries will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live

Balu Forge Industries has commenced operations of a precision machining line at the Company's new manufacturing campus in Belgaum, Karnataka. The line features 7-Axis and 11-Axis CNC machines, representing one of the first installations of this specification in the region. The precision machining line enhances Balu Forge's capability to deliver advanced machining solutions for critical applications in railways, defence, aerospace and other precision industries. It enables the production of complex components with improved accuracy, reduced setup times and higher levels of customization. The infrastructure is designed to support the machining of parts with tight tolerances, complex geometries and quicker turnaround requirements. The multi-axis machining line includes CNC equipment sourced from leading precision machinery manufacturers in Spain and Germany. These machines can process components up to 2.5 metres in length and across a broad range of materials including aluminium and titanium. This expands the Company's ability to manufacture critical components such as valve bodies, impellers, turbine blades, brackets & landing gear parts to name a few. The additional machining capacity from this installation is estimated at 12,000 tons per annum. This development aligns with Balu Forge's long-term strategy to expand its precision engineering portfolio across industries and geographies, with continued emphasis on supplying fully machined components. This is in line with the commercialization of the greenfield facility in Belgaum, Karnataka with a number of high precision production lines serving critical industries namely defence & aerospace to go live in the near future in a phased manner. Powered by Capital Market - Live