Bharat Forge Board Approves Fund Raising and Subsidiary

Bharat Forge's Board of Directors, in a meeting held on August 10, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The board also greenlit a proposal to raise funds through various instruments like equity shares, debt, or convertible securities, subject to shareholder and regulatory approvals. Additionally, the company plans to incorporate a subsidiary in Malaysia for semiconductor-related activities. The Investment Committee - Strategic Business has been delegated powers to finalize the fund-raising structure and terms.