Balu Forge Industries Ltd

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.

Net profit of Balu Forge Industries rose 4.87% to Rs 65.74 crore in the quarter ended March 2026 as against Rs 62.69 crore during the previous quarter ended March 2025. Sales declined 2.26% to Rs 263.55 crore in the quarter ended March 2026 as against Rs 269.65 crore during the previous quarter ended March 2025. For the full year,net profit rose 26.99% to Rs 258.89 crore in the year ended March 2026 as against Rs 203.86 crore during the previous year ended March 2025. Sales rose 19.89% to Rs 1107.37 crore in the year ended March 2026 as against Rs 923.62 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales263.55269.65 -2 1107.37923.62 20 OPM %22.7427.81 -27.0527.19 - PBDT78.6174.94 5 316.00257.29 23 PBT75.4274.06 2 306.05253.94 21 NP65.7462.69 5 258.89203.86 27 Powered by Capital Market - Live

Balu Forge Industries will hold a meeting of the Board of Directors of the Company on 30 May 2026.

The company stated that this order marks BFIL's official foray into the global aerospace industry, a sector characterized by stringent quality controls, complex metallurgy, and high-precision manufacturing requirements. 'With the purchase order in place and the tooling successfully paid for as of today, the company is on track to initiate production and meet the rigorous delivery timelines expected in the aviation industry,' BFIL said in a statement. Balu Forge Industries is a leading Indian precision engineering company delivering forged and machined components across multiple global industries. The company offers a comprehensive product portfolio, which supports 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 rose 20.47% to Rs 71.09 crore on a 21.63% increase in revenue to Rs 311.11 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

Balu Forge Industries announced the resignation of Ashok Todkari, the Chief Financial Officer (CFO) of the company. He is transitioning into a wider strategic leadership role befitting his extensive experience within the company.

Balu Forge Industries announced a significant strategic breakthrough with its maiden entry into the highly critical and technically demanding aerospace sector. The company has officially received its first commercial purchase order for the supply of precision engineered components to Alpha Aircraft Systems Inc, a prominent entity based in the United States. As a testament to the accelerated execution and commitment of both parties, BFIL confirms that the advance for this project was successfully received on May 25, 2026. This solidifies the commencement of the development and manufacturing phase for this prestigious aerospace project.