Outcome of Board Meeting

Date: 12.08.2026 To, T o , The Listing Compliance Manager NATIONAL STOCK EXCHANGE OF INDIA LTD. Department of Corporate Services, Exchange Plaza, C-1, Block G, BSE LIMITED Bandra Kurla Complex, P. J. Towers, Dalal Street, Bandra (E), Mumbai – 400051 Mumbai – 400 001. NSE SYMBOL: BALUFORGE BSE SCRIP: 531112 Sub: Outcome of the Meeting of the Board of Directors held on Wednesday, August 12, 2026 Dear Sir/Madam, Pursuant to Regulations 30 and 33 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we hereby inform you that the Board of Directors of Balu Forge Industries Limited (“Company”), at its meeting held today, i.e., Wednesday, August 12, 2026, inter alia, considered and approved the following: 1. The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026, as reviewed and recommended by the Audit Committee, together with the Limited Review Reports thereon issued by the Statutory Auditors. 2. Raising of funds by way of issuance of Foreign Currency Convertible Bonds (“FCCBs”) for an aggregate amount of up to USD 60 million on a private placement basis, subject to the approval of the shareholders of the Company and such regulatory, statutory and other approvals as may be required under applicable law. The details required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026, are enclosed as Annexure A. 3. Increase in the overall borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013, up to ₹1,000 crore, subject to the approval of the shareholders by way of a special resolution at an Extraordinary General Meeting (“EGM”). 4. Creation of mortgage(s), charge(s) and/or other security interest(s) on the movable and/or immovable properties of the Company, present and future, in respect of borrowings up to ₹1,000 crore, including existing borrowings, under Section 180(1)(a) of the Companies Act, 2013, on such terms and conditions as may be determined by the Board, subject to the approval of the shareholders by way of a special resolution at the EGM. 5. Convening an Extraordinary General Meeting (“EGM”) of the members of the Company on Friday, September 04, 2026, to seek their approval for the matters set out in the Notice of the EGM. The Board Meeting commenced at 05:45 P.M. (IST) and concluded at 07:00 P.M. (IST). The above information will also be made available on the website of the Company in accordance with Regulation 46 of the SEBI Listing Regulations. Kindly take the above information on record. Thanking You, Yours Truly, For, Balu Forge Industries Limited Jaspalsingh Chandock Managing Director DIN: 00813218 Enclosure: As above Annexure A The details required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026, are as follows: Sr. Particulars Details a) Type of securities proposed to be issued Foreign Currency Convertible Bonds (FCCBs) b) Type of issuance Issuance of Foreign Currency Convertible Bonds (“FCCBs”) on a private placement basis c) Total number of securities proposed to Up to an aggregate amount of USD 60 be issued or the total amount for which million the securities will be issued (approximately) 4. In case of Preferential Issue, the listed To be determined by the Board or any entity shall disclose the following committee thereof as per requirement at additional details to the stock the appropriate time exchange(s) e) In case of a bonus issue, the listed entity Not Applicable shall disclose the prescribed additional details to the stock exchange(s) (ii) In case of issuance of depository receipts To be determined by the Board or any (ADR/GDR) or FCCB the listed entity committee thereof as per requirement at shall disclose the additional details to the appropriate time the stock exchange(s) (iii) In case of issuance of debt securities or Not Applicable other non-convertible securities the listed entity shall disclose the additional details to the stock exchange(s) (iv) Any cancellation or termination of Not Applicable proposal for issuance of securities including reasons thereto 204 C, Mhatre Pen Bidg., Senapati Bapat Marg, Mi ° B e AG RAWA L & Co. Dadar (West), Mumbai - 400 028. Tel.: 66371466 / 67 CHARTERED ACCOUNTANTS E-mail : mbaandco @ yahoo.co.in M.B. AGRAWAL F.C.A., FIV. A.D.R. LEENAAGRAWAL F.C.A.,D.1.S.A. (ICA), F.C.S., LL.B. SANJAY LUNKAD F.C.A.,D.1.S.A. (ICA) HARSHAL CHHADVA _F.C.A. SUBODH AGRAWAL ~F.C.A. SHAMKANT HANDE F.C.A. DEEPAK KUMAR ACA. LIMITED REVIEW REPORT FOR THE QUARTER ENDED 30° JUNE, 2026 UNAUDITED STANDALONE FINANCIAL RESULTS OF THE COMPANY The Board of Directors, Balu Forge Industries Limited Ref: Report on financial results for the quarter ended June 30, 2026 We have reviewed the accompanying statement of Unaudited Standalone Financial results of M/s. Balu Forge Industries Limited (“the Company”), for the quarter ended June 30, 2026 (the “statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015 “the listing regulations”) as amended from time to time. This statement which is the responsibility of the Company's management and has been approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34 (IND AS 34) “Interim Financial Reporting” prescribed under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Emphasis of Matter We draw attention to the fact that the Company has entered into an agreement dated 26" May 2026 with its Managing Director, Mr. Jaspalsingh Prehladsingh Chandock, for purchase of a property for an agreed consideration of Rs. 2,250.00 Lakhs, being a transaction with a related party, against which the Company has paid an advance of Rs. 958.33 Lakhs as at 30 June 2026. The transaction is subject to the terms and conditions stipulated in the aforesaid agreement, including completion of the requisite formalities and fulfilment of the conditions— precedent for completion of the purchase and transfer of the property in favour of the Company. Based on the information and explanations provided to us and the procedures performed, the transaction and the related advance have been considered in the context of thé!’ applicable requirements relating to related party transactions. Branch : 610, Churchgate Chambers, 5, New Marine Lines, Churchgate, Mumbai - 400 020. : 3044, Agra Road, Dhule, Maharashtra - 424 001. Our Opinion is not modified in respect of this matter. Other Matters 1.The Company has export receivables outstanding as at the period end from its wholl [Showing first 8,000 characters — download PDF for full document]