Balu Forge Industries has informed that Board of Directors of the Company through Circular Resolution on 6th September, 2023 have considered and approved: The allotment of 25,00,000 Equity Shares for cash of Rs 10 each, at a price of Rs 183.60 per share to the persons other than promoters and promoter group; The allotment of 50,00,000 Fully convertible warrants for cash of Rs 10 each, at a price of Rs 183.60 per warrant convertible into equivalent number of Equity shares having face value of Rs 10 each, to the persons forming part of the promoter group.
The above information is a part of company’s filings submitted to BSE.
