Balu Forge Industries confirmed that there was no deviation or variation in the utilization of funds raised through its recent Preferential Issue for the quarter ending December 31, 2025. The detailed statement, reviewed by the Audit Committee on February 12, 2026, confirms the utilization matched the original objects stated in the offer letter. A total of ₹2700.00 Lakhs was raised on December 30, 2025.
Compliance Filing for Q3 FY26 Proceeds Utilization
Balu Forge Industries Limited has submitted its mandatory statement regarding the utilization of funds sourced via a Preferential Issue for the quarter ended December 31, 2025. The filing adheres to stipulated regulatory guidelines, confirming the management’s adherence to the stated purposes for the capital raised.
Key Financial Summary
| Metric | Detail |
|---|---|
| Mode of Raising | Preferential Issues |
| Date of Raising | 30.12.2025 |
| Amount Raised (₹ Lakhs) | 2700.00 |
| Quarter End Date | 31.12.2025 |
| Deviation/Variation Noted | No |
Utilization Details Confirm Zero Variation
The attached Annexure I provides a breakdown showing that no deviation was reported across the defined utilization objects for the quarter. The total funds raised, ₹2700.00 Lakhs, were accounted for as follows:
- Purchase & Installation of Plant & Machinery: Allocated ₹0.00 Lakhs, Utilized ₹0.00 Lakhs, resulting in a ₹0.000 Lakhs deviation.
- Working Capital Requirements: Allocated ₹0.00 Lakhs, Utilized ₹0.00 Lakhs, resulting in a ₹0.000 Lakhs deviation.
- General Corporate Purpose (Capped at 25% of Issue Size): Allocated ₹2700.00 Lakhs, Utilized ₹2700.00 Lakhs, resulting in a ₹0.000 Lakhs deviation.
The monitoring agency overseeing the utilization process was Infomerics Valuation and Rating Pvt. Ltd. Furthermore, the report explicitly states that there were no modifications to the terms of the contract or objects requiring shareholder approval during the period under review.
Source: BSE
