Balu Forge Approves Up To USD 60 Million FCCB Fund Raise

Consolidated Q1FY27 revenue rose 29% year-on-year to ₹300.7 crore and PAT 16% to ₹66.1 crore. The Board proposed raising up to USD60 million through FCCBs, increasing borrowing limits and securing borrowings up to ₹1,000 crore; auditors highlighted a ₹22.5 crore related-party property purchase and unresolved tax proceedings.