Balu Forge Industries Promoter Creates Pledge on 8,75,000 Equity Shares

Balu Forge Industries promoter Jaspalsingh Prehladsingh Chandock has disclosed the creation of a pledge on 8,75,000 equity shares to Aditya Birla Capital Limited. The disclosure was made on March 14, 2026, in compliance with Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pledge Details

The promoter pledged the shares on March 7, 2026, to avail financial facility from Aditya Birla Capital Limited, a Non-Banking Financial Company (NBFC). The encumbrance was created through a formal pledge arrangement as disclosed in the prescribed Annexure I format.

Parameter: Details Promoter Name: Jaspalsingh Prehladsingh Chandock Shares Pledged: 8,75,000 equity shares Pledgee: Aditya Birla Capital Limited Date of Pledge: March 7, 2026 Purpose: Availing financial facility Type of Encumbrance: Pledge

Shareholding Impact

The pledged shares represent 0.73% of the company's total share capital. Prior to this encumbrance, the promoter had no previously encumbered shares, indicating this is a fresh pledge arrangement. The promoter's total shareholding stands at 6,04,59,024 equity shares.

Shareholding Details: Numbers Percentage Total Promoter Holding: 6,04,59,024 equity shares - Shares Pledged: 8,75,000 equity shares 0.73% Previously Encumbered: 0 shares 0% Post-Event Encumbered: 8,75,000 shares 0.73%

Regulatory Compliance

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited through formal communication from Company Secretary Tabassum Begum. The company provided comprehensive documentation including the promoter's direct disclosure and detailed annexure as required under SEBI regulations.

Compliance Details: Information Company Secretary: Tabassum Begum Membership No.: A58602 Disclosure Date: March 14, 2026 Regulation: 31(1) and 31(3) of SEBI SAST Format: Annexure I

The promoter has fulfilled the mandatory disclosure requirements within the prescribed timeline under SEBI regulations. The encumbrance details were provided in the standard format as required by the regulatory framework for substantial acquisition and takeover regulations.

Balu Forge Industries Limited has announced a significant share acquisition by its promoter group through a preferential allotment, as disclosed under SEBI regulations on March 14, 2026. The transaction involves the acquisition of 15,00,000 shares by Mr. Jaikaran Jaspalsingh Chandock, a member of the promoter group.

Acquisition Details

The share acquisition was completed through preferential allotment on March 6, 2026. Mr. Jaikaran Jaspalsingh Chandock acquired 15,00,000 shares, representing 1.26% of the company's total share capital and 1.24% of the diluted share capital.

Parameter: Details Acquirer: Mr. Jaikaran Jaspalsingh Chandock Shares Acquired: 15,00,000 Acquisition Method: Preferential Allotment Allotment Date: March 6, 2026 Percentage Acquired: 1.26% of total share capital

Promoter Group Holdings

The promoter group consists of three members: Mr. Jaspalsingh Prehladsingh Chandock (the primary promoter), Mr. Trimaan Jaspalsingh Chandock, and Mr. Jaikaran Jaspalsingh Chandock. Following the acquisition, their combined shareholding pattern shows a consolidated position in the company.

Holdings After Acquisition

Promoter Name: Shares Held Percentage of Total Capital Percentage of Diluted Capital Mr. Jaspalsingh Prehladsingh Chandock: 6,04,59,024 50.75% 49.80% Mr. Trimaan Jaspalsingh Chandock: 10,75,900 0.90% 0.89% Mr. Jaikaran Jaspalsingh Chandock: 25,10,150 2.11% 2.07% Total Promoter Group Holding: 6,55,45,074 53.76% 53.99%

Capital Structure Changes

The preferential allotment resulted in an expansion of the company's equity share capital. The transaction increased the total number of outstanding shares and modified the overall capital structure of Balu Forge Industries Limited.

Capital Parameter: Before Acquisition After Acquisition Equity Share Capital: Rs. 1,17,62,19,000 Rs. 1,19,12,19,000 Number of Shares: 11,76,21,900 11,91,21,900 Face Value per Share: Rs. 10 Rs. 10 Total Diluted Capital: - Rs. 1,21,39,19,000 Diluted Share Count: - 12,13,91,900

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company secretary and compliance officer, Ms. Tabassum Begum, filed the necessary documentation with both BSE Limited and the National Stock Exchange of India Limited. The company is listed on BSE Limited with scrip code 531112 and trades under the symbol BALUFORGE on NSE.

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