Shareholders meeting

Date: June 29, 2026 To, To, Department of Corporate Services, Listing Department, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, “Exchange Plaza”, C-1, Block-G, Mumbai- 400 001. Bandra Kurla Complex, Bandra (E), BSE: Scrip Code: 531112 Mumbai- 400 051. NSE Trading Symbol: BALUFORGE Respected Sir / Madam, Subject: Disclosure of voting results of the postal ballot in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). We refer to our letter dated 27th May, 2026 through which we had intimated that the Company has initiated the process of postal ballot (“Postal Ballot”) for seeking approval of the shareholders by way of special resolution in terms of the Postal Ballot Notice dated 26th May, 2026. In accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith e-voting results along with the Scrutinizer’s Report for Re-Appointment of Mr. Radhey Shyam Soni (DIN: 07962657) and Mrs. Shalu Laxmanraj Bhandari (DIN: 00012556) as an Independent Director of the Company for a period of two years, as set out in the Postal Ballot Notice dated 26th May, 2026. Resolution set forth in the Postal Ballot Notice dated 26th May, 2026 has been approved by Members with requisite majority. The voting results as per the requirements of Regulation 44 of the Listing Regulations and Scrutinizer’s Report are also made available on the website of the Company at https://www.baluindustries.com/shareholders-information.php We request you to take the same on record. For Balu Forge Industries Limited Jaspalsingh Chandock Managing Director DIN 00813218 Encl: As above POSTAL BALLOT VOTING RESULT Date of declaration of result of Postal Ballot 29th June, 2026 Record date: 22nd May, 2026 Total number of shareholders on record date: 80556 No. of Shareholders present in the meeting either in person or through proxy: Not Applicable Promoter and Promoter Group Public No. of Shareholders attended the meeting through Video Conferencing: Not Applicable Promoter and Promoter Group Public No. of Resolution passed in the meeting: 2 Resolution (1) Resolution required: (Ordinary / Special) Special Whether promoter/promoter group are No interested in the agenda/resolution? Description of resolution considered Re-Appointment of Mr. Radhey Shyam Soni (DIN: 07962657) as an Independent Director of the Company for a period of two years. Category Mode of No. of No. of % of Votes No. of No. of % of votes in % of Votes voting shares votes polled on votes – votes favour on against on held polled outstanding in – votes polled votes polled shares favour agains (1) (2) (3)=[(2)/(1)]*1 (4) (5) (6)=[(4)/(2)]*1 (7)=[(5)/(2)]*1 00 00 00 Promoter E-Voting 62545074 6254507 100.0000 6254507 0 100.0000 0 and 4 4 Promoter Poll 0 0 0 0 0 0 Group Postal 0 0 0 0 0 0 Ballot (if applicable) Total 62545074 6254507 100.0000 6254507 0 100.0000 0 Public- E-Voting 7826854 602164 7.6936 553875 48289 91.9808 8.0192 Institution s Poll 0 0 0 0 0 0 Postal 0 0 0 0 0 0 Ballot (if applicable) Total 7826854 602164 7.6936 553875 48289 91.9808 8.0192 Public- E-Voting 44619972 339947 0.7619 339064 883 99.7403 0.2597 Institution Poll 0 0 0 0 0 0 Postal 0 0 0 0 0 0 Ballot (if applicable) Total 44619972 339947 0.7619 339064 883 99.7403 0.2597 Total Total 11499190 6348718 55.2101 6343801 49172 99.9225 0.0775 0 5 3 Whether resolution is Pass or Not. Yes Resolution (2) Resolution required: (Ordinary / Special) Special Whether promoter/promoter group are No interested in the agenda/resolution? Description of resolution considered Re-Appointment of Mrs. Shalu Laxmanraj Bhandari (DIN: 00012556) as an Independent Director of the Company for a period of two years. Category Mode of No. of No. of % of Votes No. of No. of % of votes in % of Votes voting shares votes polled on votes – votes favour on against on held polled outstanding in – votes polled votes polled shares favour agains (1) (2) (3)=[(2)/(1)]*1 (4) (5) (6)=[(4)/(2)]*1 (7)=[(5)/(2)]*1 00 00 00 Promoter E-Voting 62545074 6254507 100.0000 6254507 0 100.0000 0 and 4 4 Promoter Poll 0 0 0 0 0 0 Group Postal 0 0 0 0 0 0 Ballot (if applicable) Total 62545074 6254507 100.0000 6254507 0 100.0000 0 Public- E-Voting 7826854 602164 7.6936 574961 27203 95.4825 4.5175 Institution s Poll 0 0 0 0 0 0 Postal 0 0 0 0 0 0 Ballot (if applicable) Total 7826854 602164 7.6936 574961 27203 95.4825 4.5175 Public- E-Voting 44619972 336447 0.7540 335214 1233 99.6335 0.3665 Institution Poll 0 0 0 0 0 0 Postal 0 0 0 0 0 0 Ballot (if applicable) Total 44619972 336447 0.7540 335214 1233 99.6335 0.3665 Total Total 11499190 6049958 55.2071 6345524 28436 99.9552 0.0448 0 7 9 Whether resolution is Pass or Not. Yes SCRUTINIZER'S REPORT ON POSTAL BALLOT (E-VOTING) OF BALU FORGE INDUSTRIES LIMITED [Pursuant to Section 108 and 110 of the Companies Act, 2013 and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014] The Chairman & Managing Director Balu Forge Industries Limited 506, 5th Floor, Imperial Palace, 45 Telly Park Road, Andheri (East), Mumbai, Maharashtra, 400069. Sub: Report of Scrutinizer on Postal Ballot process conducted through Remote E-voting pursuant to the provisions of Sections 108 and 110 of the Companies Act, 2013 ('the Act') read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 and MCA circulars (mentioned herein below) in respect of passing of the resolution contained in the Postal Ballot Notice 26th May, 2026. Dear Sir, We, Jaymin Modi & Co, Practicing Company Secretary having office at 403, Mehta Premiere, Swami Vivekananda Road, next to Indian Oil Petrol Pump, Poisar, Borivali West, Mumbai, Maharashtra, India-400092, was appointed as a Scrutinizer by the Board of Directors of Balu Forge Industries Limited ('the Company') dated 26th May, 2026, for the purpose of scrutinizing the remote e-voting by the Members of the Company which was proposed through Postal Ballot notice dated 26th May, 2026 ('Notice'). In view of COVID-19 pandemic, the Ministry of Corporate Affairs ('MCA') guidelines prescribed by the Ministry of Corporate Affairs for conducting postal ballot through e-Voting vide General Circular Nos. 14/2020 dated 08th April 2020, 17/2020 dated 13th April 2020, 22/2020 dated 15th June 2020, 33/2020 dated 28th September 2020, 39/2020 dated 31st December 2020, 10/2021 dated 23rd June 2021, 20/2021 dated 08th December 2021, 3/2022 dated 05th May 2022, 11/2022 dated 28th December 2022, 09/2023 dated 25th September 2023, 09/2024 dated 19th September 2024 and 03/2025 dated September 22, 2025 respectively (collectively termed as “MCA Circulars”), Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), Secretarial Standard on General Meetings (“SS – 2”) issued by the Institute of Company Secretaries of India and pursuant to all other applicable laws and regulations, if any, the resolution as stated in the Postal Ballot Notice was put before the Member{s) of the Company for Voting through remote e-voting by electronic means and ballot forms. The compliance with the provisions of the Companies Act, 2013 and the Rules made there under relating to voting through electronic means, by the members on the Resolution proposed in the Postal Ballot Notice dated 26th May, 2026, is the responsibility of management. Our responsibility as a scrutinizer is to ensure that the voting process, through remote e-voting and ballot forms, is conducted in a fair and transparent manner and render scrutinizer's report of the total votes cast 'in favour or against', if any, to the Chairman or any other authorized personnel of the Company, on the resolution, based on the reports generated from the remote e-voting system of NSDL the authorized agency, to provide remote e-voting facilities and engaged by the Company for tha [Showing first 8,000 characters — download PDF for full document]