Balu Forge Industries Limited — Board Meeting, 07-08-2025: Outcome of Board Meeting

Balu Forge's board met, approving consolidated financial results for the quarter ended June 30, 2025. Revenue from operations hit ₹233.20 Cr, with net profit after tax at ₹57.03 Cr.

The company converted 3.225 million share warrants into equity shares, boosting paid-up capital. A key strategic move includes forming a Special Purpose Vehicle (SPV) with Swan Balu Heavy Industries Pvt. Ltd. Balu Forge holds a 40% stake in this new SPV, which will jointly explore opportunities in the high-potential railways, defence, and aerospace sectors. Board committees were also re-constituted.