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balu forge industries ltd
Balu Forge Industries Ltd - Other Announcements
Nov 23,2023
Trading members are requested to note that following Companies are undergoing Group Change as part X/XT Segment Review effective November 30, 2023:- Scrip Code 531112 Company Name Balu Forge Industries Ltd Current Group X New Group B As per notice no 20171129-17 dated 29/Nov/2017, the criteria for 'X/XT' Sub-segment inclusion are as follows: a) Criteria for exclusion from 'X' Group ú Where the six-month average market capitalization is > Rs. 1000 Cr. And no of shareholders > 5000 ú Securities that are constituents of either of 4 indices viz. S&P BSE Sensex, S&P BSE 100, S&P BSE 200 and S&P BSE 500. ú Where the six-month average market capitalization is > Rs. 1000 Cr, and Net worth is more than Rs. 150 Cr. ú Where the Net worth is more than Rs. 150 Cr and Foreign Institutional Investor holding > 20%. ú Securities listed and traded on SME/SME-ITP segment ú Securities which are in P and Z group (These securities will remain in their respective groups) b) The securities that do not fall under any of the above exclusions would be eligible for classification under X/XT Sub-segment.