Bharat Forge to Invest Up to ₹2,400 Million in Subsidiary KSSL

Bharat Forge Limited's Board of Directors has approved a further investment of up to ₹2,400 million in its wholly-owned subsidiary, Kalyani Strategic Systems Limited (KSSL). The investment, to be made in one or more tranches at fair value, is in cash and will be completed by March 31, 2027. KSSL, which operates in the defense industry and had a turnover of ₹12,244.70 million in FY 2025-26, will use the funds to further its business, including potential investments in its own subsidiaries. This transaction is classified as a related party transaction but will be conducted on an arm's length basis.