Balu Forge Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/06/2023 ,inter alia, to consider and approve 1. The proposal for fund raising by way of preferential issue / private placement of securities to the Promoter and the Non-Promoter Category of Investor, including determination of Issue Price subject to such regulatory/statutory approvals as may be required, including the approval of shareholders of the Company. 2. The Board would also consider conducting an Extraordinary General Meeting to seek approval of the shareholders in respect of the aforesaid proposal, if required and matters incidental thereto, and the details with respect to the date, time & venue shall be decided by the Directors in the Board Meeting.