BHARAT FORGE LTD.

Bharat Forge Limited, through its wholly owned subsidiary Kalyani Powertrain Limited (KPTL), has entered into a definitive agreement to sell its entire 50% equity stake in the joint venture company, REFU Drive GmbH, to REFU Elektronik GmbH. The transaction is valued at EUR 12,500 and is expected to be completed within six weeks. This divestment will result in REFU Drive GmbH ceasing to be a joint venture of KPTL. The filing also provides details on the revenue and net worth contributed by REFU Drive GmbH in the last financial year, amounting to EUR 14,418,688 and EUR (3,226,560) respectively. The transaction is considered a related party transaction but has been conducted on an arm's length basis based on an independent valuation.

Bharat Forge Limited, through its Aerospace Division, has signed a Memorandum of Understanding (MoU) with FLYING WHALES, a French-Canadian company, to jointly develop and manufacture heavy-lift airships for India's defence and strategic applications. The partnership aims to establish indigenous production of next-generation airships, including the LCA60T platform capable of carrying 60 tonnes of cargo with vertical take-off and landing. This collaboration aligns with India's 'Aatmanirbhar Bharat' and 'Make in India' initiatives, fostering sovereign capabilities in aerospace and creating a new industrial ecosystem for strategic mobility and logistics.

Bharat Forge Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as required by SEBI regulations. The report, which is part of the Integrated Annual Report, details the company's operations, products, and markets. Key products include steel forgings (96.43% of turnover), finished machined crankshafts, front axle assemblies, road wheels, transmission parts, and automotive lightweight components. The company operates 5 plants and 8 sales/marketing offices nationally, serving 23 states and territories. Exports contribute 47.78% of total turnover. Bharat Forge serves diverse sectors including automotive, oil & gas, defence, aerospace, and energy. The report also provides data on employee turnover rates and mentions that disclosures are on a standalone basis, assured by KPMG with reasonable assurance.

Bharat Forge Limited has announced its 65th Annual General Meeting (AGM) to be held on Tuesday, August 11, 2026, at 11:00 a.m. IST, through Video Conferencing/Other Audio-Visual Means. The company is dispatching the Notice convening the AGM and the Integrated Annual Report for FY2025-26 to its members. The report details the financial statements for the year ended March 31, 2026, and includes proposals for dividend confirmation and declaration, as well as the re-appointment of Mr. Ashish Bharat Ram as a Non-Executive Non-Independent Director for a five-year term starting September 1, 2026. E-voting will be open from August 8 to August 10, 2026.

Bharat Forge Limited has issued a notice for its 65th Annual General Meeting (AGM) scheduled for August 11, 2026. The AGM will be conducted via Video Conferencing/Other Audio-Visual Means. Key agenda items include the adoption of audited financial statements for FY 2025-26, confirmation of interim dividend, declaration of final dividend, and the re-appointment of Mr. Ashish Bharat Ram as a Non-Executive Non-Independent Director for a five-year term starting September 1, 2026. The integrated annual report and AGM notice are available on the company's website. E-voting will be open from August 8 to August 10, 2026.

Bharat Forge Limited has announced the closure of its trading window for designated persons and connected individuals. This closure is in accordance with SEBI's Prohibition of Insider Trading Regulations, 2015, and the company's internal code of conduct. The window will remain shut from July 1, 2026, until 48 hours after the declaration of the company's un-audited financial results (standalone and consolidated) for the quarter ended June 30, 2026. This measure is standard practice to prevent insider trading during the sensitive period leading up to financial result announcements.

Bharat Forge Limited announced that its wholly-owned subsidiary, BF Industrial Solutions Limited (BFISL), has successfully completed the acquisition of a 90% stake in RS Aerostructures Limited (RSAL). This acquisition involved the purchase of 36,00,000 equity shares of Rs. 10/- each at par, representing 90% of RSAL's paid-up share capital on a fully diluted basis. Consequently, RSAL has now become a step-down subsidiary of Bharat Forge Limited. This strategic move is expected to bolster Bharat Forge's presence in the aerospace and defence sector.

Bharat Forge Ltd has communicated to its shareholders regarding the Tax Deducted at Source (TDS) on the recommended Final Dividend of ₹6.5 per equity share (325%) for the Financial Year 2025-26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for August 11, 2026. The dividend payout date is set for August 14, 2026, with a record date of July 03, 2026. The company has detailed the TDS provisions as per the Income Tax Act, 2025, including rates for resident shareholders (10% with valid PAN, 20% without/invalid PAN) and exemptions for dividends not exceeding ₹10,000 or with Form 121 submission. Shareholders are urged to update their bank details and PAN for seamless dividend credit and accurate TDS deduction.

Bharat Forge Limited (BFL) has secured a significant ₹425 Crore contract with the Ministry of Defence (MoD) to supply Gas Turbine Generators (GTGs) to the Indian Navy. The contract, to be executed over five years, involves supplying 1.25 MW GTGs for onboard power generation on Kolkata class ships. This marks BFL's entry into the marine gas turbine business and will deliver the first indigenous GT-based power plant for Indian Naval ships. BFL will establish a dedicated integration and test facility and will also participate in future design and development programs for larger power plants and propulsion GTs, enhancing indigenous manufacturing capabilities and ensuring sovereignty in maintenance operations.

Bharat Forge's subsidiary, Kalyani Strategic Systems Ltd (KSSL), has entered into a strategic partnership with AM General. This collaboration aims to offer advanced mounted artillery gun systems for global armies, addressing modern combat needs with compact, mobile, and all-weather platforms. The partnership also includes a proposal for AM General to participate in the U.S. Army's Mobile Tactical Cannon (MTC) program, potentially delivering a 155mm MTC solution by 2027. The MArG system features advanced technology like Soft Recoil Technology (SRT) for enhanced performance and lighter vehicle design, capable of firing over 40 kilometers.