Governance Neutral

2026-11-06 14:15

- Board meeting scheduled on Saturday, November 14, 2026. - To consider and approve Un-Audited Standalone and Consolidated Financial Results for Q2 and H1 ended September 30, 2026. - To consider a fund-raising proposal via preferential issue or private placement of securities.

Business Update Positive

2026-11-02 09:00

- Order Win & Execution: Balu Forge dispatched 152mm empty shells and received quality approval for 155mm ERFB shells, alongside a new order for 105mm empty shells from a major Indian defence unit. - New Global Customers: Secured aerospace jet engine component approvals, a large components order from a US oil & gas major, and a new order from a Czech armoured vehicle manufacturer. - Guidance: Reaffirmed guidance targeting a machining volume of 80,000 tonnes and 25-30% annual revenue growth over the next two years.

Business Update Positive

2026-11-02 09:00

Order Win & Execution: Balu Forge announced key execution milestones including 152mm shell dispatches and 155mm ERFB quality approval. New Orders: Secured 105mm shell orders from Indian defense, heavy components from a US oil & gas major, and orders from a Czech armored vehicle maker. Aerospace Entry: Received quality approval for jet engine components. Guidance: Reaffirmed targeting 80,000 tonnes machining volume and 25-30% annual revenue growth.

Governance Neutral

2026-10-16 16:37

- Balu Forge Industries Limited has intimated the stock exchanges regarding the authorization of Key Managerial Personnel (KMPs) under Regulation 30(5) of SEBI LODR Regulations. - Authorized KMPs include Mr. Jaspalsingh Chandock (Managing Director), Mr. Trimaan Chandock (Executive Director), Mr. Jaikaran Chandock (Executive Director), and Mr. Amit Jain (Company Secretary & Compliance Officer). - Mr. Amit Jain has been designated as the single point of contact for determining the materiality of events and making disclosures to the stock exchanges.

Governance Neutral

2026-10-16 15:33

- Balu Forge Industries Ltd has authorized Key Managerial Personnel (KMPs) under Regulation 30(5) of SEBI LODR. - Authorized KMPs include Mr. Jaspalsingh Chandock (Managing Director), Mr. Trimaan Chandock (Executive Director), Mr. Jaikaran Chandock (Executive Director), and Mr. Amit Jain (Company Secretary & Compliance Officer). - Mr. Amit Jain is designated as the single point of contact for determining materiality and making disclosures.

Governance Positive

2026-10-03 16:13

Balu Forge Industries Ltd announced the voting results of its 37th Annual General Meeting held on September 30, 2026. - All four ordinary resolutions were approved by the members with the requisite majority. - Resolutions included the adoption of financial statements, declaration of final dividend at ₹0.15 per share (1.5%), re-appointment of Mr. Trimaan Jaspalsingh Chandock as director, and ratification of cost auditors' remuneration.

Governance Positive

2026-09-30 14:08

- Balu Forge Industries Limited held its 37th Annual General Meeting (AGM) on September 30, 2026, through video conferencing. - Shareholders approved the adoption of standalone and consolidated financial statements for FY 2025-26. - A final dividend of ₹0.15 per equity share (1.5%) was approved for the financial year ended March 31, 2026. - Mr. Trimaan Jaspalsingh Chandock was re-appointed as a director retiring by rotation. - Remuneration for the Cost Auditors for FY 2026-27 was ratified.

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.

Routine Neutral

2026-09-26 17:02

- Trading window closed for Designated Persons and specified Connected Persons effective Thursday, October 01, 2026. - Closure will remain in effect until 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026. - Board meeting date will be intimated in due course.

Governance Neutral

2026-09-26 16:54

- Ms. Tabassum Begum has resigned as Company Secretary, Compliance Officer, and KMP of the company 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.

Governance Neutral

2026-09-26 16:50

- 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 effective October 15, 2026. - Mr. Amit Vinaybhai Jain is a qualified Company Secretary with over 6 years of experience in corporate governance and secretarial functions.

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.

Governance Neutral

2026-09-26 16:28

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

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

Business Update Neutral

2026-09-08 10:45

- Investor/Analyst Meeting Schedule - Meeting Date: Friday, September 11, 2026 - Meeting Time: 10:00 AM to 04:00 PM

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 Positive

2026-09-07 18:20

- Submission of Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. - Report highlights commitments for net-zero emissions by 2040, 50% renewable energy by 2035, and increased women's representation in leadership. - The company incurred no monetary or non-monetary fines/penalties during FY 2025-26. - Progress made in strengthening manufacturing capabilities and resource efficiency.

Business Update Neutral

2026-09-07 16:46

- Balu Forge Industries scheduled Analyst / Institutional Investor One-on-One Physical Meetings on Thursday, September 10, 2026. - Participants include Tree Line Investment, Indus Nippon Life Insurance, Kotak MF, and Nuvama AMC to discuss company business.

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 15:45

- Book closure period from September 19 to September 30, 2026, for the purpose of final dividend. - The 37th Annual General Meeting (AGM) will be held on September 30, 2026, at 12:30 pm (IST) via Video Conferencing/Audio-Visual means.

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.

Governance Positive

2026-09-07 15:25

- Intimation of book closure for the 37th Annual General Meeting (AGM) and final dividend. - Book closure period: September 19, 2026, to September 30, 2026. - The 37th AGM will be held on September 30, 2026, at 12:30 pm via Video Conferencing.

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 15:04

- Board of Directors of Balu Forge Industries Limited met on September 07, 2026. - Scheduled the 37th Annual General Meeting (AGM) for FY 2025-26 on Wednesday, September 30, 2026, at 12:30 pm (IST) via VC/OAVM. - Recommended a final dividend of Rs. 0.15/- per fully paid-up equity share of Rs. 10/- for FY 2025-26. - Fixed Friday, September 18, 2026, as the Record Date for the final dividend. - Register of Members and Share Transfer Books will be closed from September 19, 2026, to September 30, 2026.

Governance Positive

2026-09-07 14:28

- Board Meeting held on September 07, 2026. - 37th Annual General Meeting (AGM) for FY 2025-26 scheduled for September 30, 2026, at 12:30 pm (IST) via Video Conferencing/OAVM. - Recommended a final dividend of Rs. 0.15/- per fully paid-up equity share for FY 2025-26. - Record Date for determining dividend entitlement is Friday, September 18, 2026. - Register of Members and Share Transfer Books will be closed from September 19, 2026, to September 30, 2026.

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.

Financials Positive

2026-09-07 11:13

- The Board of Balu Forge Industries Ltd. recommended a final dividend of ₹0.15 per equity share for FY 2025-26. - The 37th Annual General Meeting (AGM) is scheduled for September 30, 2026. - September 18, 2026, is fixed as the Record Date for the final dividend.

Governance Positive

2026-09-04 17:59

- Balu Forge Industries Limited announced the voting results of its Extra-Ordinary General Meeting (EOGM) held on September 04, 2026. - All three special resolutions were passed with requisite majority. - Resolution 1: Approval for raising funds by issuing Foreign Currency Convertible Bonds (99.8176% in favour). - Resolution 2: Approval for the overall borrowing limits U/S 180(1)(c) of The Companies Act, 2013 (99.8176% in favour). - Resolution 3: Authorization for the Board to create charges on movable and immovable properties of the company (99.8172% in favour).

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.

Governance Neutral

2026-09-04 15:41

- Balu Forge Industries Limited held its Extra Ordinary General Meeting (EOGM) on September 4, 2026. - Resolutions considered included raising funds via Foreign Currency Convertible Bonds (FCCBs), approving increased overall borrowing limits, and authorizing the Board to create charges on company properties. - E-voting results will be declared within two working days.

Business Update Neutral

2026-09-03 18:29

- Investors/Analysts Meeting Schedule - Date: 08th September, 2026 - Time: 2:00 PM - Type: Virtual Group Meeting

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

2026-09-03 09:00

- Balu Forge Industries Ltd acquired a state-of-the-art ring rolling production line capable of producing forged rings up to 6.7 meters OD and 18,000 Kgs, adding 18,000 tons of capacity. - Production trials are expected before end of 2026. - The acquisition aims to serve high-growth sectors including defence, aerospace, and wind energy.

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 Neutral

2026-09-02 17:32

- Balu Forge Industries Limited engaged GoIndia Advisors LLP for Investor Relations Management Services. - The engagement is effective from October 01, 2026.

Governance Positive

2026-09-02 11:52

- Board Meeting scheduled on Monday, 07th September, 2026. - Agenda includes recommending final dividend for the financial year 2025-26.

Business Update Positive

2026-08-17 09:03

- Order Win: Balu Forge Industries Ltd secured a multi-month contract for 155mm ERFB BB/BT Shells from an Indian ammunition player in the Defence Sector. - Contract Details: Initial pilot supply of 10,000 units, followed by ongoing monthly supplies with mutually agreed quantities. - Strategic Importance: This establishes Balu Forge as one of the first private entities to commercialise advanced ammunition variants, validating its state-of-the-art forging and machining capabilities.

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.

Business Update Neutral

2026-08-14 09:11

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

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.

Governance Positive

2026-08-13 15:19

- Balu Forge Industries Limited will hold an Extra-Ordinary General Meeting (EGM) on Friday, 04th September, 2026, at 12:30 p.m. IST via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). - The EGM is to approve the raising of funds by issuing Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount of up to USD 60 Million. - It also seeks approval to increase the overall borrowing limits up to ₹10,000 Crores. - Additionally, the EGM will authorize the Board to create charges on movable and immovable properties of the company for securing loans up to ₹10,000 Crores. - The cut-off date for e-voting eligibility is Friday, 28th August, 2026.

Financials Negative

2026-08-12 21:20

CRITICAL RED FLAG DETECTED

- Q1 FY27 Consolidated Revenue ₹30,071.47L vs ₹23,319.60L (▲28.95% YoY) - EBITDA ₹8,477.17L vs ₹7,227.40L (▲17.29% YoY) - PAT ₹6,608.82L vs ₹5,702.69L (▲15.89% YoY) - EBITDA Margin 28.19% vs 30.95% (▼276bps) - Board approved raising up to USD 60 million via FCCBs and increasing borrowing limits up to ₹1,000 crore, both subject to shareholder approval at an EGM on September 04, 2026. - Auditors noted an emphasis of matter regarding a related party transaction for property purchase from the Managing Director and other matters including overdue export receivables and ongoing Income Tax block assessment proceedings.

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 Negative

2026-08-12 21:10

CRITICAL RED FLAG DETECTED

- Q1 FY27 Consolidated Revenue ₹30,071.47 Lakhs vs ₹23,319.60 Lakhs (▲29.0% YoY) - EBITDA ₹8,863.66 Lakhs vs ₹7,395.69 Lakhs (▲19.9% YoY) - PAT ₹6,608.82 Lakhs vs ₹5,702.69 Lakhs (▲15.9% YoY) - EBITDA Margin 29.1% vs 31.5% (▼240bps) - The Board approved raising funds via Foreign Currency Convertible Bonds (FCCBs) up to USD 60 million and increasing overall borrowing limits up to ₹1,000 crore, both subject to shareholder approval at an EGM on September 04, 2026. - Auditors highlighted an ongoing Income Tax search operation and block assessment proceedings initiated during the preceding financial year, with an undeterminable outcome and potential liabilities. - Outstanding export receivables of ₹524.13 Lakhs exceed prescribed timelines. - A related party transaction for a property purchase from the Managing Director for ₹2,250.00 Lakhs, with an advance of ₹958.33 Lakhs paid, was noted under "Emphasis of Matter".

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 20:54

- Q1 FY27 Consolidated Revenue ₹3,007Mn vs ₹2,332Mn (▲29.0% YoY) - EBITDA ₹848Mn vs ₹723Mn (▲17.3% YoY) - PAT ₹661Mn vs ₹570Mn (▲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 Positive

2026-08-12 20:44

- 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) - Company secured maiden aerospace order from Alpha Aircraft Systems Inc., USA, and entered the NATO supply chain. - Received a major order for 30,000 units of 152mm artillery shells and commercialized its 100% 'Made in India' shell line. - ICRA upgraded the Company's credit rating to [ICRA]A-(Stable) / [ICRA]A2+.

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.

Financials Negative

2026-08-12 20:34

CRITICAL RED FLAG DETECTED

- Q1 FY27 Consolidated Revenue ₹300.71Cr vs ₹233.20Cr (▲29% YoY) - EBITDA ₹88.64Cr vs ₹73.96Cr (▲20% YoY) - PAT ₹66.09Cr vs ₹57.03Cr (▲16% YoY) - EBITDA Margin 29.5% vs 31.7% (▼220bps) - Board approved raising funds up to USD 60 million via Foreign Currency Convertible Bonds (FCCBs) through private placement, subject to EGM approval. - Board approved increasing overall borrowing limits up to ₹1,000 crore and creating security interests, subject to EGM approval. - An Extraordinary General Meeting (EGM) will be held on September 04, 2026, to seek shareholder approval for these matters. - Auditors highlighted a related party transaction: purchase of a property from the MD for ₹22.50 Cr, with ₹9.58 Cr advance paid. - Auditors noted export receivables of ₹5.24 Cr from a subsidiary exceeding RBI timelines. - Auditors reported an ongoing Income Tax Department search and block assessment proceedings from the previous financial year, with uncertain outcomes.

Governance Neutral

2026-08-07 12:01

- Board Meeting scheduled for August 12, 2026. - Agenda includes approval of Un-Audited Standalone & Consolidated Financial Results for Q1 FY27 (ended June 30, 2026). - Also, to consider raising funds through various modes.

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

Business Update Neutral

2026-06-29 22:38

- Investor/Analyst Meeting Schedule - Date: July 2, 2026 - Event: Physical plant visit at Belgaum and Hattargi followed by a management meet.

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.

Governance Neutral

2026-06-29 16:30

- Intimation of the proceedings of the Postal Ballot conducted from May 28, 2026, to June 26, 2026. - The ballot was for the re-appointment of Mr. Radhey Shyam Soni and Mrs. Shalu Laxmanraj Bhandari as Independent Directors for two years. - The results will be submitted to stock exchanges.

Governance Neutral

2026-06-29 16:23

- Balu Forge Industries Limited declared the 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 approved the re-appointment of Mrs. Shalu Laxmanraj Bhandari as an Independent Director for two years with 99.96% votes in favour. - Both special resolutions were passed with requisite majority.

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.

Routine Neutral

2026-06-25 14:50

- Intimation of closure of the trading window for Designated Persons and Connected Persons. - The trading window closes from Wednesday, July 01, 2026. - It will re-open 48 hours after the declaration of the Un-audited Financial Results for the quarter ended June 30, 2026.

Business Update Neutral

2026-06-19 23:35

- Balu Forge Industries Limited will hold a Non-Deal Roadshow for Investors / Analysts on Wednesday, 24th June, 2026. - The physical meeting will involve 1x1 and group interactions. - No unpublished price sensitive information (UPSI) will be discussed.

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 09:03

Order Win: Balu Forge Industries Ltd secured an initial contract 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 are scheduled to commence in June 2026. The company also highlighted its NATO certification and strategic forward integration into advanced energetics.

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 Positive

2026-05-30 21:48

Consolidated Revenue for Q4 FY26 was ₹263.6Cr vs ₹269.6Cr in Q4 FY25 (▼2.3% YoY). EBITDA was ₹59.9Cr vs ₹75.0Cr (▼20.1% YoY). PAT for Q4 FY26 increased to ₹65.7Cr vs ₹62.7Cr (▲4.9% YoY). EBITDA Margin for Q4 FY26 stood at 22.7% vs 27.8% in Q4 FY25 (▼510bps). The full year FY26 saw robust growth with Revenue up 19.9% YoY, EBITDA up 19.3% YoY, and PAT up 27.0% YoY. The company reported entry into the NATO supply chain, a 5-year MOU for large calibre ammunition, and a maiden aerospace order from Alpha Aircraft Systems Inc., USA.

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 Neutral

2026-05-30 21:40

Consolidated Revenue ₹263.6 Cr vs ₹269.6 Cr (▼2.23% YoY), EBITDA ₹59.9 Cr vs ₹75.0 Cr (▼20.13% YoY), PAT ₹65.7 Cr vs ₹62.7 Cr (▲4.78% YoY). EBITDA Margin 22.7% vs 27.8% (▼510bps). The quarter was impacted by geopolitical developments in the Middle East, leading to sequential moderation in volumes. The company entered into a 5-year MOU for large calibre ammunition supply and secured a maiden aerospace order from Alpha Aircraft Systems Inc., USA.

Financials Positive

2026-05-30 21:19

Consolidated Revenue ₹263.55 Cr vs ₹269.65 Cr (▼2.26% YoY), EBITDA ₹83.40 Cr vs ₹79.15 Cr (▲5.37% YoY), PAT ₹65.74 Cr vs ₹62.69 Cr (▲4.86% YoY). EBITDA Margin 31.64% vs 29.35% (▲229bps). The auditors issued an unmodified opinion on both standalone and consolidated financial results for the quarter and year ended March 31, 2026, though they noted outstanding export trade receivables and undeposited cheques in the 'Emphasis of Matter' section.

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.

Financials Negative

2026-05-30 21:03

CRITICAL RED FLAG DETECTED

Consolidated Revenue for Q4 FY26 was ₹26,355.49 Lakhs vs ₹26,964.62 Lakhs in Q4 FY25 (▼2.26% YoY). EBITDA for Q4 FY26 was ₹5,992.09 Lakhs vs ₹7,498.14 Lakhs in Q4 FY25 (▼20.08% YoY). PAT for Q4 FY26 was ₹6,573.66 Lakhs vs ₹6,268.84 Lakhs in Q4 FY25 (▲4.86% YoY). EBITDA Margin contracted from 27.79% in Q4 FY25 to 22.73% in Q4 FY26 (▼506bps). Auditors highlighted significant outstanding export trade receivables and undeposited cheques in the 'Emphasis of Matter' section.

Routine Neutral

2026-05-30 13:43

Balu Forge Industries Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, issued by M/s. Aabid & Co. The report confirms that the company has complied with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable regulations. No non-compliances, adverse actions by SEBI or Stock Exchanges, or resignations of statutory auditors were observed during the review period.

Governance Neutral

2026-05-27 17:42

Balu Forge Industries Limited has submitted a Postal Ballot Notice seeking shareholder approval for the re-appointment of Mr. Radhey Shyam Soni and Mrs. Shalu Laxmanraj Bhandari as Independent Directors. Both are proposed to be re-appointed for a second term of two consecutive years, effective from June 30, 2026, up to June 29, 2028. The remote e-voting period for this Postal Ballot commences on May 28, 2026, and concludes on June 26, 2026, with results to be announced by June 30, 2026.

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 09:03

Order Win: Balu Forge Industries Ltd (BFIL) secured its maiden commercial order from US-based Alpha Aircraft Systems Inc for precision-engineered components in the aerospace sector. The company received an advance for the project on May 25, 2026, marking the start of the development and manufacturing phase. Specific order value and completion timeline were not disclosed.

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.

Governance Neutral

2026-05-26 08:48

Balu Forge Industries Ltd issued a clarification regarding the resignation of Mr. Amit Ashok Todkari as CFO, initially intimated on May 25, 2026. The company states that Mr. Todkari has not resigned from the group level but is transitioning into a wider strategic leadership role within the company due to personal reasons, with details of his new appointment to be shared subsequently.

Financials Neutral

2026-05-25 20:29

Balu Forge Industries Ltd announced a Board Meeting to be held on May 30, 2026, to consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The trading window for insiders has been closed since April 1, 2026, and will reopen on June 2, 2026.

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.

Business Update Positive

2026-05-25 20:15

Balu Forge Industries Limited announced that its subsidiary, Naya Energy Works Private Limited, will change its name to Quantum Energetics Private Limited. The subsidiary's object clause will also be altered to include the manufacturing of explosives, including Trinitrotoluene (TNT), detonating compounds, and explosive accessories. These changes are part of the subsidiary's strategic expansion plans and future business activities.

Governance Negative

2026-05-25 20:07

CRITICAL RED FLAG DETECTED

Balu Forge Industries Limited announced the resignation of Mr. Amit Ashok Todkari from the position of Chief Financial Officer and Key Managerial Personnel, effective May 25, 2026, due to personal reasons. Concurrently, the Board approved the appointment of Mr. Sandeep Singh Chadha as Interim Chief Financial Officer, effective May 26, 2026. The company has initiated a search for the next permanent CFO, considering both internal and external candidates.

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 Negative

2026-05-25 20:00

CRITICAL RED FLAG DETECTED

Mr. Amit Ashok Todkari has resigned from the position of 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 approved the appointment of Mr. Sandeep Singh Chadha as Interim CFO and KMP with effect from May 26, 2026. The company has initiated the evaluation process for the next permanent CFO, considering both internal and external candidates.

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

New Filing detected. See link for details.

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.

BALUFORGE

Balu Forge Industries Limited

Price Chart

Filing History

Unlock Full History