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BSE SENSEX
79,117.11
+1,961.32
+2.54 %
Corporate Announcement
Security Code
531112
Company
Balu Forge Industries Ltd
Exchange Received Time
14/11/2024 17:12:49
Exchange Disseminated Time
14/11/2024 17:12:50
Time Taken
00:00:01
Board Meeting Outcome for Outcome Of Board Meeting Held On November 14, 2024 |
11/14/2024 5:12:50 PM
In pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the meeting of the Board of Directors of the Company held today i.e., Thursday, November 14, 2024, have inter-alia considered and approved the following: 1. Memorandum of Understanding (MOU) to be entered in between Balu Forge Industries Limited and Swan Energy Limited. 2. The formation of a SPV between the Balu Forge Industries Limited and Swan Energy Limited and consequent subscription of equity shares of the Special Purpose Vehicle company ('SPV') to be incorporated for the purpose of the proposed business venture
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