Balu Forge Industries Limited — Others, 14-05-2025: Utilisation of Funds

Funds raised through preferential issues totaling Rs 162 Cr, Rs 83.7 Cr, and Rs 18.25 Cr have been fully deployed as planned. Key spends include Rs 105.3 Cr and Rs 20.93 Cr on new and existing plant & machinery, Rs 16.2 Cr and Rs 41.85 Cr on working capital, and Rs 40.5 Cr and Rs 20.93 Cr on corporate purposes from the first two tranches. The latest Rs 18.25 Cr tranche was used entirely for working capital (Rs 11.44 Cr) and corporate needs (Rs 4.56 Cr). No changes in fund utilization were reported.