Description
BSE notifies listing of 10,00,000 new equity shares of Balu Forge Industries Limited (Scrip Code: 531112) issued to non-promoters on preferential basis via warrant conversion, effective February 25, 2026. Shares are subject to lock-in until August 30, 2026.
Summary
BSE has notified trading members that 10,00,000 new equity shares of Balu Forge Industries Limited (Scrip Code: 531112, ISIN: INE011E01029) are listed and permitted to trade on the Exchange with effect from Wednesday, February 25, 2026. These shares were issued at a premium of Rs. 350/- (issue price Rs. 360/-) to non-promoters on a preferential basis pursuant to the conversion of warrants, and rank pari-passu with existing equity shares.
Key Points
- 10,00,000 equity shares of Rs. 10/- face value each issued at a premium of Rs. 350/- (total issue price: Rs. 360/- per share)
- Shares issued to non-promoters on a preferential basis via conversion of warrants
- Distribution Numbers: 113991901 to 114991900
- Date of Allotment: December 30, 2025
- ISIN: INE011E01029
- Shares rank pari-passu with existing equity shares of the company
- All 10,00,000 shares are subject to a lock-in period until August 30, 2026
Regulatory Changes
No regulatory changes. This is a standard listing notification under BSE’s procedures for newly allotted securities under a preferential/warrant conversion scheme.
Compliance Requirements
- Trading members are informed that these securities are now available for trading from February 25, 2026
- The lock-in on all 10,00,000 shares (Dist. Nos. 113991901 to 114991900) must be observed until August 30, 2026; these shares cannot be traded during the lock-in period
- Market participants should update their records to reflect the new share capital and distribution numbers
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | December 30, 2025 |
| BSE Notice Date | February 24, 2026 |
| Trading Commencement | February 25, 2026 |
| Lock-in Expiry | August 30, 2026 |
Impact Assessment
Dilution: The issuance of 10,00,000 new equity shares dilutes the existing shareholding structure. Existing shareholders should account for the increased share count when evaluating per-share metrics.
Lock-in: All newly listed shares are locked in until August 30, 2026, restricting their tradability and limiting immediate selling pressure from the allottees.
Price Reference: At the issue price of Rs. 360/-, the total capital raised amounts to Rs. 36,00,00,000 (Rs. 36 crore), reflecting the premium paid by non-promoter allottees for warrant conversion.
Market Impact: Low short-term market impact given the lock-in. Post lock-in expiry (August 30, 2026), potential increase in floating supply should be monitored.
Impact Justification
Routine preferential allotment listing notice involving 10 lakh new equity shares issued to non-promoters via warrant conversion, with a lock-in period. Causes share capital dilution for existing shareholders but is a standard corporate action.