Balu Forge Allots 10 Lakh Equity Shares on Warrant Conversion
Balu Forge Industries Limited announced the allotment of 10,00,000 (Ten Lakhs) Equity Shares on Tuesday, 30th December, 2025. These shares, with a face value of ₹10 each, were issued at a price of ₹36...
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Why is Balu Forge Industries Limited in the news today?
Balu Forge Industries Limited (BALUFORGE) is in the news due to the company successfully completed the conversion of warrants into equity shares, which is generally a positive sign of capital infusion and execution of prior financial decisions.
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Balu Forge Allots 10 Lakh Equity Shares on Warrant Conversion
December 30, 2025, 11:14 AM
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More Details on This News
Balu Forge Industries Limited announced the allotment of 10,00,000 (Ten Lakhs) Equity Shares on Tuesday, 30th December, 2025. These shares, with a face value of ₹10 each, were issued at a price of ₹360 per share, including a premium of ₹350.
The allotment was made upon the exercise of options to convert convertible warrants. The shares were issued to Krisharya Trust, a non-promoter group entity, at a ratio of 1:1 for every warrant exercised. The total consideration received for this conversion is ₹27,00,00,000 (Rupees Twenty-Seven Crore).
Previously, 25% of the consideration was received upon the allotment of warrants, and the remaining 75% has now been received as per the terms of the issue. This action is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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