Balu Forge Industries Ltd

Balu Forge Industries Limited announced that its 37th Annual General Meeting will be held on Wednesday, September 30, 2026, at 12:30 p.m. (IST) via video conferencing and other audio-visual means, and the board of directors recommended a final dividend of Rs 0.15 per fully paid-up equity share of Rs 10 for the financial year ended March 31, 2026. The company also set Friday, September 18, 2026, as the record date for determining entitlement to the dividend, with the register of members and share transfer books remaining closed from Saturday, September 19, 2026, to Wednesday, September 30, 2026.

Balu Forge Industries Limited informed the BSE Limited and National Stock Exchange of India Limited that the register of members and share transfer register will remain closed from September 19, 2026, to September 30, 2026, for the purpose of declaring a final dividend at the company’s 37th Annual General Meeting, scheduled to be held on September 30, 2026, at 12:30 pm (IST) through Video Conferencing (VC) / Other Audio-Visual means (OAVM).

Balu Forge Industries Limited announced that its 37th Annual General Meeting will be held on Wednesday, September 30, 2026, at 12:30 p.m. (IST) via video conferencing and other audio-visual means, and the board of directors recommended a final dividend of Rs 0.15 per fully paid-up equity share of Rs 10 each for the financial year ended March 31, 2026. The company also set Friday, September 18, 2026, as the record date for determining entitlement to the dividend, with the register of members and share transfer books remaining closed from Saturday, September 19, 2026, to Wednesday, September 30, 2026.

Balu Forge Industries Limited held its 01st/2026-27 Extra Ordinary General Meeting on Friday, September 4, 2026, where shareholders approved raising of funds by issuance of Foreign Currency Convertible Bonds and approved the overall borrowing limits under section 180(1)(c) of the Companies Act, 2013, as well as authorized the Board of Directors under section 180 (1) (a) of the Companies Act, 2013 to create charges on movable and immovable properties.

Balu Forge Industries Limited will convene a board meeting on September 7, 2026, to consider a final dividend recommendation for the financial year 2025-26, subject to shareholder approval at the Annual General Meeting, according to a regulatory filing.

Balu Forge Industries Limited reported no deviation or variation in the use of proceeds raised through preferential issues for the quarter ended June 30, 2026, according to a filing with the BSE Limited and National Stock Exchange of India Limited on August 14, 2026. The company raised Rs 4401.00 lakh on February 25, 2026, Rs 5562.00 lakh on March 6, 2026, and Rs 4617.00 lakh on March 9, 2026, with Infomerics Valuation and Rating Pvt. Ltd. serving as the monitoring agency.

Manorama Industries Ltd, S J S Enterprises Ltd, Zee Entertainment Enterprises Ltd and Welspun Living Ltd are among the other gainers in the BSE's 'A' group today, 14 August 2026.Balu Forge Industries Ltd soared 12.21% to Rs 500.5 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.21 lakh shares were traded on the counter so far as against the average daily volumes of 25516 shares in the past one month. Manorama Industries Ltd spiked 8.16% to Rs 1747. The stock was the second biggest gainer in 'A' group. On the BSE, 3.65 lakh shares were traded on the counter so far as against the average daily volumes of 6232 shares in the past one month. S J S Enterprises Ltd surged 6.92% to Rs 2572.8. The stock was the third biggest gainer in 'A' group. On the BSE, 14092 shares were traded on the counter so far as against the average daily volumes of 8435 shares in the past one month. Zee Entertainment Enterprises Ltd gained 5.94% to Rs 102.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 26.38 lakh shares were traded on the counter so far as against the average daily volumes of 14.38 lakh shares in the past one month. Welspun Living Ltd spurt 5.82% to Rs 169.1. The stock was the fifth biggest gainer in 'A' group. On the BSE, 24.22 lakh shares were traded on the counter so far as against the average daily volumes of 1.18 lakh shares in the past one month.

Balu Forge Industries Limited is seeking shareholder approval at an upcoming Extraordinary General Meeting to issue up to USD 60 million in Foreign Currency Convertible Bonds (FCCBs) to raise funds for working capital, capital expenditure, and general corporate purposes. The company is also requesting authorization to enhance its borrowing powers to Rs 10,000,000,000 (approximately $120 million USD) and to create charges or mortgages on assets, valued up to Rs 10,000,000,000, to secure those borrowings. The specific terms of the FCCBs and borrowings will be determined by the board at a later date. All three resolutions require a special resolution, necessitating a 75% voting threshold for approval, and shareholders should note that conversion of the FCCBs could dilute existing ownership.

Balu Forge Industries Limited will consider raising funds through a further public issue, rights issue, ADRs, GDRs, FCCBs, debt issue, preferential allotment, private placement, qualified institutions placement, or other permissible methods at a board meeting scheduled for Wednesday, August 12, 2026, and will also consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

Balu Forge Industries (BFIL) announced the receipt of a significant order in the large-calibre ammunition segment. The company has secured an initial contract to supply 30,000 units of 152 mm artillery shells to a major Indian energetics player. This partnership marks a critical milestone in BFIL's expanding footprint within the domestic defence sector. Supplies for this strategic order are scheduled to commence in June 2026. This initial contract lays the groundwork for a robust, long-term collaboration. The order volume is projected to scale up to over 100,000 shells with additional variants, reflecting the strong demand and confidence in BFIL's manufacturing capabilities. Furthermore, the agreement outlines the integration of additional ammunition variants into the production pipeline in due course, allowing the company to comprehensively cater to evolving artillery requirements. The execution of this order will be driven by BFIL's 100% indigenously built, fully automated empty shell production line located at its greenfield facility in Belgaum, Karnataka. Powered by advanced robotics, this unmanned forging line delivers unprecedented precision, speed, and efficiency.