Balu Forge Industries Shareholders Approve ₹0.15 Dividend and ₹500 Crore Borrowing Limit
The approval of a dividend directly benefits shareholders. The enhanced borrowing power and ability to create a charge on assets up to ₹500 crore provide the company with substantial financial flexibility for future growth, expansion, and operational needs.
All resolutions, including the declaration of a final dividend and significant enhancement of borrowing power and asset charge limits, were approved by shareholders, indicating strong support and positive outlook.
* Balu Forge Industries Limited announced that all 8 resolutions proposed at its 36th Annual General Meeting (AGM), held on 29 September 2025, were approved by the members with the requisite majority. * Key resolutions approved include: * Adoption of the audited Standalone & Consolidated Financial Statements for the financial year ended March 31, 2025. * Declaration of a Final Dividend at the rate of 1.5%, which is ₹0.15 per equity share of ₹10/- each, for the financial year ended March 31, 2025. * Re-appointment of Mr. Jaikaran Jaspalsingh Chandock as a Director. * Re-appointment of M/s. M. B. Agrawal & Co., Chartered Accountants, as Statutory Auditors for a term of five years. * Appointment of M/s. Prachi Bansal and Associates as Secretarial Auditors for a term of five consecutive years. * Ratification of the Remuneration of the Cost Auditors of the Company. * Approval for enhancing the company's borrowing power up to ₹500 crore (5 billion rupees) under Section 180(1)(c) of the Companies Act, 2013. * Approval for the creation of a charge on the company's assets up to ₹500 crore (5 billion rupees) under Section 180(1)(a) of the Companies Act, 2013.
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Balu Forge Industries Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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