Balu Forge Industries Limited — Others, 27-06-2025: Disclosure under SEBI Takeover Regulations

Jaspalsingh Prehladsingh Chandock has announced a board meeting. He acquired 30 lakh shares of Balu Forge Industries through an inter se transfer by way of gift from immediate relatives, increasing his stake from 50.39% to 53.02%. This internal promoter group transfer boosts his holding in the company, indicating consolidation of promoter shareholding which could impact future governance and decision-making. The acquisition involved no cash consideration. The change was duly disclosed to stock exchanges as per applicable regulations.