Routine Neutral

2026-09-26 17:05

- Trading window for Designated Persons and Connected Persons closed from October 01, 2026. - Closure remains until 48 hours after declaration of Q2/H1 FY27 financial results. - Date of Board Meeting to consider financial results will be intimated in due course.

Governance Neutral

2026-09-26 16:47

- Ms. Tabassum Begum resigned as Company Secretary & Compliance Officer and KMP effective September 26, 2026, due to marriage and relocation. - Mr. Amit Vinaybhai Jain has been appointed as the new Company Secretary & Compliance Officer and KMP effective October 15, 2026. - Mr. Amit Vinaybhai Jain brings over 6 years of professional experience in corporate secretarial functions, governance, and regulatory compliances.

Governance Neutral

2026-09-26 16:45

- Ms. Tabassum Begum resigned as Company Secretary & Compliance Officer effective September 26, 2026, due to marriage and relocation. - Mr. Amit Vinaybhai Jain has been appointed as the new Company Secretary & Compliance Officer and Key Managerial Personnel effective October 15, 2026.

Governance Neutral

2026-09-26 16:41

CRITICAL RED FLAG DETECTED

- Ms. Tabassum Begum has resigned as Company Secretary, Compliance Officer, and Key Managerial Personnel of Balu Forge Industries Limited. - The resignation is effective from the close of business hours on September 26, 2026. - The reason for resignation is due to marriage and relocation.

Governance Negative

2026-09-26 16:37

CRITICAL RED FLAG DETECTED

- Ms. Tabassum Begum has resigned from the position of Company Secretary & Compliance Officer and Key Managerial Personnel of Balu Forge Industries Limited. - Effective date of resignation is September 26, 2026, after business hours. - Reason for resignation is stated as marriage and relocation. - She confirmed there are no other material reasons for her resignation.

Business Update Neutral

2026-09-08 10:49

- Concall Schedule - Concall Date: Friday, September 11, 2026 - Concall Time: 10:00 AM to 04:00 PM - Meeting Type: Physical One-on-One with Investor/Analysts

Governance Neutral

2026-09-07 18:37

- Balu Forge Industries Limited has informed about the dispatch of individual letters to members regarding the web-link for the Annual Report for the financial year 2025-26 and the Notice convening the 37th Annual General Meeting. - The documents are accessible on the company's website.

Business Update Neutral

2026-09-07 16:42

- Concall Schedule - Concall Date: Thursday, 10th September, 2026 - Concall Time: 11:30 AM to 05:00 PM IST - Meetings with: Tree Line Investment, Indus Nippon Life Insurance, Kotak MF, Nuvama AMC - Interaction Type: Physical One-on-One Meetings

Governance Neutral

2026-09-07 15:34

- Intimation of Book Closure date for the purpose of 37th Annual General Meeting (AGM). - Book closure from Saturday, September 19, 2026 to Wednesday, September 30, 2026 (both days inclusive). - Purpose: Final dividend to be declared at the 37th AGM for the year ended March 31, 2026. - AGM will be held on Wednesday, September 30, 2026, at 12:30 pm (IST) through Video Conferencing (VC) / Other Audio-Visual means (OAVM).

Governance Positive

2026-09-07 15:33

- 37th Annual General Meeting (AGM) of the Company for FY 2025-26 scheduled on September 30, 2026, at 12:30 pm (IST) via Video Conferencing (VC)/OAVM. - Board recommended a final dividend of Rs. 0.15/- per fully paid-up equity share of Rs. 10/- each for FY 2025-26. - Record Date for the final dividend is fixed as Friday, September 18, 2026. - Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 30, 2026.

Financials Positive

2026-09-07 15:08

- Intimation of Record Date for final dividend for FY 2025-26. - Record Date: Friday, September 18, 2026. - Dividend, if approved at the AGM on September 30, 2026, will be paid/dispatched within the statutory time limit.

Governance Positive

2026-09-07 11:14

- Board of Directors meeting held on September 07, 2026. - 37th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026, at 12:30 pm (IST) via VC/OAVM. - Final dividend of Rs. 0.15/- per fully paid-up equity share recommended for FY 2025-26. - Record Date for final dividend is Friday, September 18, 2026.

Governance Positive

2026-09-04 17:49

- Balu Forge Industries Ltd announced the voting results of its Extra-Ordinary General Meeting held on September 04, 2026. - All three special resolutions were passed by shareholders with requisite majority. - These resolutions include approval for raising funds via Foreign Currency Convertible Bonds, enhancing overall borrowing limits, and authorizing the Board to create charges on company properties.

Governance Neutral

2026-09-04 15:42

- EOGM of Balu Forge Industries Limited was held on September 4, 2026, at 12:30 P.M. via Video Conferencing. - Resolutions proposed included approval for raising funds via Foreign Currency Convertible Bonds. - Approval for overall borrowing limits and authorization for the Board to create charges on company properties were also proposed. - The meeting concluded at 12:54 P.M.

Business Update Neutral

2026-09-03 18:26

- Concall Schedule - Concall Date: 08th September, 2026 - Concall Time: 2:00 PM

Business Update Positive

2026-09-03 09:02

- Balu Forge Industries announced the acquisition of a state-of-the-art ring rolling production line capable of producing forged rings up to 6.7 meters in Outer Diameter (OD). - This acquisition adds 18,000 tons of specialized heavy ring rolling capacity, making it one of India's largest facilities. - It will serve high-growth sectors including defence, aerospace, wind energy, nuclear power, oil and gas, mining, heavy engineering and marine. - Production trials are expected to commence before the end of 2026.

Business Update Positive

2026-09-02 17:36

- Balu Forge Industries Limited has appointed GoIndia Advisors LLP to provide Investor Relations Management Services. - The engagement is effective from October 01, 2026.

Business Update Positive

2026-08-17 09:02

- Balu Forge Industries Ltd secured a multi-month contract for 155mm ERFB BB/BT Shells in the Defence Sector from an Indian ammunition player. - The contract begins with a pilot supply of 10,000 units, followed by mutually agreed monthly supplies. - This marks the successful commercialization of advanced ammunition variants by BFIL, positioning it as a key supplier in the defence sector.

Business Update Positive

2026-08-14 09:19

- Investor/Analyst Meet Schedule - Event: Plant visit at Belgaum and Hattargi followed by a management meet - Date: August 20, 2026 - Attendees: Goldman Sachs, Capital Group, Wellington Management - Mode: Physical

Governance Neutral

2026-08-14 09:13

- Board Meeting on August 12, 2026, to consider raising funds and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. - Trading window closed from July 01, 2026, until 48 hours after results declaration.

Governance Positive

2026-08-13 15:20

- Balu Forge Industries Limited to hold an Extra-Ordinary General Meeting (EGM) on Friday, September 04, 2026, at 12:30 p.m. IST via VC/OAVM. - Agenda includes approving raising funds up to USD 60 Million via Foreign Currency Convertible Bonds. - Also seeking approval for overall borrowing limits up to ₹10,000 Crore and authorizing the Board to create charges on company properties.

Financials Negative

2026-08-12 21:16

CRITICAL RED FLAG DETECTED

- Q1 FY27 Consolidated Revenue ₹30,071.47 Lakh vs ₹23,319.60 Lakh (▲28.96% YoY) - EBITDA ₹8,477.37 Lakh vs ₹7,227.40 Lakh (▲17.29% YoY) - PAT ₹6,608.82 Lakh vs ₹5,702.69 Lakh (▲15.96% YoY) - EBITDA Margin 28.19% vs 30.95% (▼276 bps)

Financials Positive

2026-08-12 20:56

- Q1 FY27 Consolidated Revenue ₹3,007 Mn vs ₹2,332 Mn (▲29.0% YoY) - EBITDA ₹848 Mn vs ₹723 Mn (▲17.3% YoY) - PAT ₹661 Mn vs ₹570 Mn (▲15.9% YoY) - EBITDA Margin 28.2% vs 31.0% (▼280bps)

Financials Positive

2026-08-12 20:45

- Q1 FY27 Consolidated Revenue ₹3,007 Mn vs ₹2,332 Mn (▲29.0% YoY) - EBITDA ₹848 Mn vs ₹723 Mn (▲17.3% YoY) - PAT ₹661 Mn vs ₹570 Mn (▲15.9% YoY) - EBITDA Margin 28.2% vs 31.0% (▼280bps)

Financials Negative

2026-08-12 20:35

CRITICAL RED FLAG DETECTED

- Q1 FY27 Consolidated Revenue ₹300.71Cr vs ₹233.20Cr (▲28.96% YoY) - EBITDA ₹88.64Cr vs ₹73.96Cr (▲19.85% YoY) - PAT ₹66.09Cr vs ₹57.03Cr (▲15.01% YoY) - EBITDA Margin 29.47% vs 31.71% (▼224bps) - Board approved raising funds up to USD 60 million via Foreign Currency Convertible Bonds (FCCBs) through private placement. - Board approved increasing overall borrowing limits to ₹1,000 crore, subject to EGM approval. - An Extraordinary General Meeting (EGM) is scheduled for September 04, 2026, for shareholder approvals related to fundraising and borrowing limits. - The auditor's report highlights an ongoing Income Tax Department search and block assessment proceedings during the preceding financial year. - Export receivables of ₹5.24 Cr are outstanding from a subsidiary, exceeding RBI timelines. - The company entered a related party agreement to purchase property for ₹22.50 Cr from its Managing Director, with an advance of ₹9.58 Cr paid.

Business Update Neutral

2026-06-29 22:40

- Concall Schedule - Concall Date: July 2, 2026 - Event: Plant Visit for Investors/Analysts and Management Meet - Mode of Interaction: Physical

Governance Neutral

2026-06-29 16:37

- Intimation of proceedings of the Postal Ballot dated May 26, 2026. - Members approved the re-appointment of Mr. Radhey Shyam Soni as an Independent Director for two years. - Members approved the re-appointment of Mrs. Shalu Laxmanraj Bhandari as an Independent Director for two years.

Governance Positive

2026-06-29 16:34

- Balu Forge Industries Limited disclosed the voting results of its postal ballot on June 29, 2026. - Shareholders approved the re-appointment of Mr. Radhey Shyam Soni as an Independent Director for two years with 99.92% votes in favour. - Shareholders also approved the re-appointment of Mrs. Shalu Laxmanraj Bhandari as an Independent Director for two years with 99.96% votes in favour.

Routine Neutral

2026-06-25 14:53

- The trading window for Balu Forge Industries Limited will close from Wednesday, July 01, 2026.- It will remain closed until 48 hours after the declaration of the un-audited financial results for the quarter ended June 30, 2026.- The date of the Board Meeting for considering the results will be intimated later.

Business Update Neutral

2026-06-19 23:24

- Investor/Analyst Meeting Scheduled - Date: Wednesday, 24th June, 2026 - Event: Non-Deal Roadshow for Investors / Analysts - Mode: Physical, 1x1 and Group meetings

Business Update Positive

2026-06-01 09:01

Balu Forge Industries Ltd secured an initial order to supply 30,000 units of 152 mm artillery shells to a major Indian energetics player, with the order volume projected to scale up to over 100,000 shells. Supplies for this strategic order are scheduled to commence in June 2026. The company also announced strategic forward integration into advanced energetics and highlighted its NATO certification.

Financials Positive

2026-05-30 21:51

Consolidated Revenue for Q4 FY26 was ₹2,636 Mn vs ₹2,696 Mn in Q4 FY25 (▼2.3% YoY), EBITDA was ₹599 Mn vs ₹750 Mn (▼20.1% YoY), and PAT was ₹657 Mn vs ₹627 Mn (▲4.9% YoY). EBITDA Margin for Q4 FY26 was 22.7% vs 27.8% in Q4 FY25 (▼510bps).

Financials Neutral

2026-05-30 21:43

Consolidated Revenue for Q4 FY26 was ₹2,636 Mn vs ₹2,696 Mn (▼2.23% YoY), EBITDA was ₹599 Mn vs ₹750 Mn (▼20.13% YoY), and PAT was ₹657 Mn vs ₹627 Mn (▲4.78% YoY). EBITDA Margin contracted by 510 bps, from 27.8% in Q4 FY25 to 22.7% in Q4 FY26. The company noted Q4 was impacted by geopolitical developments in the Middle East, leading to sequential moderation in volumes, but views this as a short-term impact. For the full year FY26, Revenue grew by 19.9% YoY to ₹11,074 Mn and PAT grew by 27.0% YoY to ₹2,589 Mn.

Financials Positive

2026-05-30 21:14

Balu Forge Industries Limited reported consolidated results for the quarter ended March 31, 2026. Consolidated Revenue stood at ₹287.03 Cr vs ₹273.81 Cr (▲4.83% YoY), EBITDA was ₹83.40 Cr vs ₹79.15 Cr (▲5.37% YoY), and PAT was ₹65.74 Cr vs ₹62.69 Cr (▲4.86% YoY). EBITDA Margin showed a slight expansion from 28.91% to 29.05% (▲14bps). The auditor's report included an emphasis of matter regarding significant outstanding export trade receivables and unbanked cheques but stated an unmodified opinion.

Governance Neutral

2026-05-27 17:40

Balu Forge Industries Limited has submitted a Postal Ballot Notice to seek shareholder approval for the re-appointment of Mr. Radhey Shyam Soni (DIN: 07962657) and Mrs. Shalu Laxmanraj Bhandari (DIN: 00012556) as Independent Directors for a second term of two years each, effective June 30, 2026. The remote e-voting period for these special resolutions will commence on May 28, 2026, and conclude on June 26, 2026. The results are expected to be announced on or before June 30, 2026.

Business Update Positive

2026-05-26 09:00

Balu Forge Industries Ltd (BFIL) secured its maiden order in the aerospace sector from US-based Alpha Aircraft Systems Inc for precision-engineered components. The advance for the project and tooling payment have been successfully received, marking the commencement of the development and manufacturing phase. Specific order value and completion timeline were not disclosed.

Governance Neutral

2026-05-26 08:51

Balu Forge Industries Ltd announced a continuation regarding the resignation of Mr. Amit Ashok Todkari as Chief Financial Officer, previously intimated on May 25, 2026. The company clarified that Mr. Todkari has not resigned from the group level but is transitioning into a wider strategic leadership role within the company, leveraging his extensive experience. Further details on his new appointment will be shared subsequently.

Business Update Positive

2026-05-25 20:18

Balu Forge Industries Limited's subsidiary, Naya Energy Works Private Limited, is changing its name to Quantum Energetics Private Limited. The subsidiary's object clause will also be altered to include business activities related to manufacturing explosives, including Trinitrotoluene (TNT) and detonating compounds. These changes are intended to align the subsidiary's business objectives with its proposed future activities and strategic expansion plans, subject to regulatory approvals.

Governance Negative

2026-05-25 20:05

CRITICAL RED FLAG DETECTED

Balu Forge Industries Limited announced the resignation of Mr. Amit Ashok Todkari as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective May 25, 2026, due to personal reasons. Concurrently, the Board approved the appointment of Mr. Sandeep Singh Chadha as Interim CFO, effective May 26, 2026. The company has initiated the evaluation process for a permanent CFO.

Governance Negative

2026-05-25 20:01

CRITICAL RED FLAG DETECTED

Mr. Amit Ashok Todkari has resigned as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of Balu Forge Industries Limited, effective from the close of business hours on May 25, 2026, citing personal reasons. The Board has appointed Mr. Sandeep Singh Chadha as the Interim CFO and KMP, effective May 26, 2026. The company has initiated a search for a permanent CFO, considering both internal and external candidates. Mr. Chadha is a qualified finance professional with over 5 years of experience in financial planning, corporate accounting, treasury, and regulatory compliance.

Governance Neutral

2026-05-21 16:22

CRITICAL RED FLAG DETECTED

Balu Forge Industries Limited announced the cessation of Mr. Raghvendra Raj Mehta as an Independent Director, effective May 06, 2026. His tenure concluded as he attained the age of 75 years, in compliance with Regulation 17(1A) of SEBI (LODR) Regulations, 2015. The Board expressed appreciation for his contributions.

Business Update Positive

2026-04-12 12:12

Balu Forge Industries Limited announced a schedule for a Plant Visit and Investor/Analyst Meeting for Kitara Capital and Taurus Mutual Fund on April 16, 2026. The meeting will discuss the company's business and general information.

Routine Neutral

2026-04-09 12:34

Balu Forge Industries Limited submitted a Confirmation Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended 31st March, 2026, confirming the timely processing of share dematerializations.

Routine Neutral

2026-03-26 15:46

Balu Forge Industries Limited announced the closure of its trading window from April 01, 2026, until 48 hours after the declaration of audited financial results for the quarter and year ended March 31, 2026, to prevent insider trading.

Financials Negative

2026-03-24 10:53

Standalone Revenue ₹17,126.84L vs ₹16,940.45L (▲1.10% YoY), EBITDA ₹4,996.94L vs ₹5,491.19L (▼9.00% YoY), PAT ₹3,854.01L vs ₹3,975.40L (▼3.05% YoY). EBITDA Margin 29.17% vs 32.41% (▼324bps) for the quarter ended December 31, 2025. The company also clarified issues regarding the submission of financial results.

Routine Neutral

2026-03-11 11:28

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Ownership Positive

2026-03-09 19:24

Balu Forge Industries Limited's Board approved the allotment of 17,10,000 Equity Shares at an issue price of Rs. 360/- each upon the conversion of Convertible Warrants, totaling ₹46.17 Cr. This includes allotments to both promoter and non-promoter groups.

Ownership Positive

2026-03-06 21:01

On March 6, 2026, Balu Forge Industries Ltd allotted 2,060,000 equity shares at ₹360 per share, totalling ₹55.62 crore, upon conversion of convertible warrants.

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