Balu Forge: Promoter group transfers shares in inter-se transaction

Balu Forge Industries (BSE: BALUFORGE) has disclosed an inter-se transfer of 3,000,000 equity shares, each with a face value of INR 10, within its promoter group. The transaction, dated June 27, 2025, involved Jaspalsingh Chandock acquiring shares from Jaikaran Chandock and Trimaan Chandock. This transfer, made under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, qualifies for an exemption, as it falls within the immediate family of the promoter group. Post-acquisition, Jaspalsingh Chandock's shareholding in Balu Forge increased to 53.02% of the total share capital. The company has filed the necessary reports with both the National Stock Exchange of India and BSE Limited and paid the required fee of INR 177,000 to SEBI.