Description
Listing of 19,00,000 equity shares of Balu Forge Industries Limited issued on preferential basis pursuant to warrant conversion, effective October 7, 2025.
Summary
BSE has approved the listing and trading of 19,00,000 new equity shares of BALU FORGE INDUSTRIES LIMITED (Scrip Code: 531112) issued to Non-Promoters on a preferential basis pursuant to warrant conversion. The shares will be available for trading from Tuesday, October 7, 2025, and rank pari-passu with existing equity shares.
Key Points
- 19,00,000 equity shares of Rs. 10/- each issued at a premium of Rs. 350/-
- Total issue price: Rs. 360/- per share
- Allotment date: May 24, 2025
- Trading commencement: October 7, 2025
- Distinctive Numbers: 112091901 to 113991900
- ISIN: INE011E01029
- Shares rank pari-passu with existing equity shares
- Issued to Non-Promoter on preferential basis pursuant to warrant conversion
Regulatory Changes
No regulatory changes. This is a routine listing notification.
Compliance Requirements
Trading members are informed to take note of the listing and lock-in restrictions on the newly listed securities.
Important Dates
- Allotment Date: May 24, 2025
- Trading Commencement: October 7, 2025
- Lock-in Period Expiry: May 30, 2026 (for all 19,00,000 shares)
Impact Assessment
Minimal market impact. This is a routine preferential allotment listing for a relatively small number of shares (19 lakh shares) with a one-year lock-in period ending May 30, 2026. The shares are subject to lock-in restrictions, limiting immediate trading impact. The conversion of warrants to equity shares is a standard corporate action.
Impact Justification
Routine listing of preferential allotment shares from warrant conversion for a single company with lock-in period