Description

BSE lists 19 lakh equity shares of BALU FORGE INDUSTRIES LIMITED issued on preferential basis pursuant to warrant conversion at Rs. 360 per share.

Summary

BSE has listed 19,00,000 new equity shares of BALU FORGE INDUSTRIES LIMITED (Scrip Code: 531112) with effect from October 7, 2025. These shares were issued to Non-Promoters on a preferential basis pursuant to warrant conversion at an issue price of Rs. 360 per share (face value Rs. 10 + premium Rs. 350). The shares are subject to a one-year lock-in period until May 30, 2026.

Key Points

  • Company: BALU FORGE INDUSTRIES LIMITED (Scrip Code: 531112)
  • Number of Shares: 19,00,000 equity shares of Rs. 10/- each
  • Issue Price: Rs. 360/- per share (including premium of Rs. 350/-)
  • Allotment Type: Preferential basis to Non-Promoters
  • Basis: Conversion of warrants
  • Distinctive Numbers: 112091901 to 113991900
  • Date of Allotment: May 24, 2025
  • Trading Commencement: October 7, 2025
  • ISIN: INE011E01029
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities.

Compliance Requirements

  • Trading members are informed that these shares are available for trading from October 7, 2025
  • All 19,00,000 shares are subject to lock-in restrictions and cannot be transferred until May 30, 2026
  • Shares rank pari-passu with existing equity shares in all respects

Important Dates

  • Allotment Date: May 24, 2025
  • Listing Date: October 6, 2025
  • Trading Commencement: October 7, 2025
  • Lock-in Expiry: May 30, 2026

Impact Assessment

This listing represents a modest equity dilution for BALU FORGE INDUSTRIES LIMITED through preferential allotment via warrant conversion. The issuance to Non-Promoters at Rs. 360 per share indicates capital raising for business purposes. The one-year lock-in period provides stability by preventing immediate selling pressure. Impact is company-specific with no broader market implications.

Impact Justification

Routine listing of preferential allotment shares through warrant conversion with standard lock-in period; limited market-wide impact.