Balu Forge Industries Limited — Others, 07-08-2025: Monitoring Agency Report

Balu Forge Industries has reported on the utilization of proceeds from its preferential issues for the quarter ending June 30, 2025. The Monitoring Agency confirms "Nil deviation" in how the funds are being used. From the first issue of Rs. 137.70 Cr, nearly all funds were deployed for working capital and general corporate purposes. For the larger Rs. 496.80 Cr issue, the company has utilized Rs. 255.10 Cr (out of Rs. 297 Cr received so far) towards plant & machinery, working capital, and general corporate needs. This update confirms the company is allocating funds as announced to support operations and growth.