BALU FORGE INDUSTRIES LIMITED — Capital/Financing Update 2025

Dec 10, 2025

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Date: 10[th] December, 2025

To, Department of Corporate Services, BSE Limited, P J Towers, Dalal Street, Mumbai- 400 001. BSE: Scrip Code: 531112

To, Listing Department, National Stock Exchange of India Limited, “Exchange Plaza”, C-1, Block-G, Bandra Kurla Complex, Bandra (E), Mumbai- 400 051. NSE Trading Symbol: BALUFORGE

Respected Sir / Madam,

Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Press Release

In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Press Release regarding the Launch of 100% Make-in-India Automated Empty Shell Production Line. The details of the same are furnished in the attached Press Release.

The above information will also be available on the website of the Company at https://www.baluindustries.com/.

Kindly take the above information on your record.

Thanking You, Yours Truly,

For Balu Forge Industries Limited

JASPALSINGH Digitally signed by JASPALSINGH PREHLADSINGH PREHLADSINGH CHANDOCK Date: 2025.12.10 10:54:41 +05'30' CHANDOCK

Jaspalsingh Chandock Managing Director DIN 00813218

Encl: As above.

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Press Release

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Balu Forge Launches 100% Make-in-India Automated Empty Shell Production Line in Belgaum

• Delivers 360,000 shells annually, powered by near-100% automation and FANUC Robotics

• Belgaum facility to roll out multiple precision engineering lines in phased expansion

• Strengthens India’s Atmanirbhar Bharat defence ecosystem.

Mumbai, Wednesday, 10[th] December 2025 : Balu Forge Industries Ltd (Balu Forge or the Company) (BSE: 531112 | NSE: BALUFORGE), a precision engineering company engaged in the manufacturing of forged and machined components, has commenced operations of its empty shell production line - one of the first 100% indigenously built production line in India - at its greenfield manufacturing campus in Belgaum, Karnataka. The line with an annual production capacity of 360,000 shells has an advanced forging and machining line for large calibre ammunition projectiles.

The empty shell production line enhances Balu Forge’s capability to deliver advanced machining solutions for critical applications in the defence industry. The company has plans to further expand the production line to meet the global and domestic demand.

The entire forging line has achieved near 100% automation powered by FANUC Robotics which makes it one of the most advanced both in India and the global defence manufacturing market.

The entire production line has been designed in-house. Over 18 machinery manufacturers were involved in designing, developing and commercialising the 100% Make in India production line. The complete forging line is unmanned and it has been programmed and commissioned in-house with a cycle time of 55 seconds.

This development aligns with Balu Forge’s long-term strategy to expand its precision engineering portfolio across industries and geographies with continued emphasis on supplying fully machined components. This is a part of the Company’s plan to commercialise its greenfield facility in Belgaum, Karnataka. In addition, Balu Forge is also working towards rolling out a number of high precision production lines in a phased manner in the near future, driving the government’s Atmanirbhar Bharat mission and serving the Indian defence industry.

Commenting on the commercialization, Trimaan Chandock, Executive Director at Balu Forge

said: to diversify our capability in the large calibre ammunition projectile category servicing not only 155 mm empty shells but also 120 mm, 105 mm, 81 mm, etc., amongst others. It is an important milestone for us, as our 100% indigenously developed production line is driven by advanced automation technology. The complete forging production line is unmanned, representing an important technological achievement for both our company and the Indian defence industry. This is only the first phase of our long-term vision to grow our contribution to the Indian defence production. We will continue to expand our production capability with high-precision oKerings, going forward.”

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Balu Forge Industries Limited Registered Office: 506, 5th Floor, Imperial Palace,45 Telly Park Road, Andheri (East), Mumbai 400069

Press Release

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For further information please contact:

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Tabassum Begum compliance@baluindustries.com +91 86550 75578

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Neha Dingria / Akshay Hirani baluforge@churchgatepartners.com +91 22 6169 5988

About Balu Forge Industries:

Balu Forge Industries Limited, founded by Mr. Prehlad Singh Chandock, is a leading Indian precision engineering company delivering forged and machined components across multiple global industries. The company oBers a comprehensive product portfolio ranging from 1 kg to 1,500 kg and up to 3 meters in length, supporting diverse applications in automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture. Its operations include fully integrated forging and machining capabilities, with advanced manufacturing facilities in Belgaum, Karnataka, spread over a 46+ acre campus. Equipped with high-capacity hydraulic hammers and forging presses, and supported by a dedicated in-house tool room, metallurgical labs, and CNC machining units, Balu Forge ensures consistent precision and quality. The company’s strategy is driven by innovation, with a specialized R&D

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Balu Forge Industries Limited Registered Office: 506, 5th Floor, Imperial Palace,45 Telly Park Road, Andheri (East), Mumbai 400069

Press Release

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division focusing on new materials and rapid prototyping. Strategic initiatives emphasize expanding defence production, enhancing automation, and strengthening global partnerships. With a strong focus on operational scalability, customer diversification, and ESG commitments, Balu Forge continues to strengthen its global footprint and industry positioning. For more details, please visit: https://www.baluindustries.com/

Disclaimer:

This investor release is not an oBer to sell any securities or a solicitation to buy any securities of Balu Forge Industries Limited (the "company") or its subsidiaries (together with the company, the "group"). Certain statements in this document may be forward looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", " estimates"," anticipates", " projects", " expects", " intends", " may", " will"," or " or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intention. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to diBer materially from those contemplated by the relevant forward-looking statements. Forward looking statements are not guarantees of future performance including those relating to general business plans and strategy of the Company, its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that the objectives of the Company will be achieved. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this Investor Release, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. Balu Forge will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward- looking statements to reflect subsequent events or circumstances.

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Balu Forge Industries Limited Registered Office: 506, 5th Floor, Imperial Palace,45 Telly Park Road, Andheri (East), Mumbai 400069