Balu Forge Industries Limited — Others, 14-05-2025: Monitoring Agency Report

Balu Forge Industries Limited has announced a Monitoring Agency Report confirming full compliance in utilizing proceeds from recent preferential issues. The company raised Rs. 496.80 Cr through equity shares and convertible warrants, with Rs. 245.70 Cr received so far and fully deployed for plant and machinery, working capital, and corporate purposes. Another preferential issue raised Rs. 137.70 Cr, mainly used for working capital and raw material procurement. No deviations or delays were reported, reflecting disciplined and transparent capital deployment aligned with business plans.