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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