Mumbai, January 13, 2026: Balu Forge Industries Limited on Tuesday said that an income tax search conducted at certain offices and manufacturing units has concluded, with no incriminating documents found during the operation.
The company stated that the search, which commenced on January 7 and concluded on January 13, was carried out smoothly, with full cooperation extended by the company, its promoters, and key managerial personnel. All documents, clarifications, and details sought during the process were duly provided.
Balu Forge clarified that its business operations and production activities continued as usual throughout the period and were not disrupted in any manner. The company further noted that there has been no material adverse impact on its financial position following the conclusion of the search.
Management reiterated its commitment to transparency, ethical conduct, and adherence to due process, adding that the company remains available to provide any further information or clarification if required.
Share Price Snapshot
Shares of Balu Forge Industries Limited were trading firm in early deals on Tuesday. As of 9:20 am IST, the stock was quoted at ₹461.10, up ₹19.70 or 4.46 percent from the previous close of ₹441.40.The stock opened at ₹457.00 and moved within an intraday range of ₹455.00 to ₹466.65, with buying interest outweighing selling pressure during the morning session. The volume-weighted average price (VWAP) stood at ₹462.05, indicating sustained strength near the day’s highs.
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