Bharat Forge's Board Approves EUR 30 Million Financing for Phased Restructuring of German Subsidiary

Bharat Forge Ltd's Board of Directors, at a meeting held on April 9, 2026, reviewed and evaluated a proposal for the phased restructuring of the steel forging operations of its wholly owned subsidiary, Bharat Forge CDP GmbH, located in Ennepetal, Germany. The proposed restructuring may include an orderly wind-down and solvent liquidation of BF CDP in accordance with applicable German laws, due to market challenges and cost disadvantages. The Board has approved a financing arrangement of up to EUR 30 million for this purpose and has delegated necessary authorities to its sub-committee for further evaluation and implementation. Any subsequent developments will be communicated to the Exchanges in accordance with the Listing Regulations.