Balu Forge Industries Limited — QIP/Rights/Pref., 24-05-2025: Allotment of Securities

Balu Forge Industries has announced a board meeting on the financial results for the quarter and half-year. The company allotted 19 lakh equity shares to Ebisu Global Opportunities Fund at Rs. 360 each, raising Rs. 51.3 Cr through warrant conversion. This fresh fund infusion strengthens the capital base without altering promoter holding, positioning the company well for upcoming growth opportunities.