Balu Forge Industries Limited — Others, 07-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Balu Forge Industries Limited has reported on the utilization of funds raised through its recent preferential issues. The company confirmed that there was no deviation or variation in how the funds were used for the quarter ending June 30. This includes approximately 18.25 Cr raised on March 19, 2025, another 18.25 Cr raised on April 3, 2025, and 51.30 Cr raised on May 24, 2025. The funds were allocated as planned for working capital, general corporate purposes, and plant & machinery acquisition. This update assures shareholders that capital is being deployed as intended, aligning with disclosed objectives.