Balu Forge Industries Limited — Others, 07-02-2025: Utilisation of Funds

Balu Forge Industries Limited has reported no deviation in the use of funds raised through its preferential issue totaling ₹162 crore (Cr) and ₹83.70 Cr for the quarter ended 31st December 2024. The funds are allocated primarily for the purchase and installation of plant and machinery, working capital requirements, and general corporate purposes. The Audit Committee reviewed the allocations, confirming that all proceeds have been utilized as originally intended, with no variations or deviations noted.