BHARAT FORGE LTD.

Bharat Forge Ltd has announced July 3, 2026, as the record date to determine eligibility for its final dividend of ₹6.50 per equity share (325%) for the financial year ended March 31, 2026. This dividend is subject to shareholder approval at the upcoming AGM on August 11, 2026. If approved, the dividend payment is expected to commence on or after August 14, 2026. The company has followed SEBI regulations for this announcement, ensuring proper disclosure to stakeholders.

Bharat Forge has signed an MoU with the Andhra Pradesh government to establish India's first private-sector Marine Gas Turbine (MGT) Repair, Overhaul, and indigenous Development complex at Visakhapatnam. The facility, located within the Andhra Pradesh Defence Manufacturing Corridor, will span approximately 80 acres. Phase 1 will focus on repair and overhaul, while Phase 2 will establish a development and assembly hall for indigenous Marine Gas Turbines. The project aims to enhance India's naval self-reliance and create around 750 direct and indirect jobs.

Agneyastra Energetics Ltd, a wholly-owned subsidiary of Kalyani Strategic Systems (KSSL) under Bharat Forge, has commenced construction of its strategic defence manufacturing facility in Andhra Pradesh. The 1,000-acre integrated campus will involve a planned investment of ₹1,500 crore over 2–4 years. The facility aims to enhance India’s indigenous capabilities in energetics and ammunition systems, generating approximately 800 direct and 2,500 indirect jobs. This initiative aligns with the Aatmanirbhar Bharat vision, focusing on import substitution and technological self-reliance.

Bharat Forge Ltd received an order from the Commissioner of Income-tax (Appeals) reducing the penalty to ₹85,29,661 for under-reporting of income under Section 270A of the Income Tax Act, 1961 for the financial year 2016-17. The company received the order on May 12, 2026, and is planning to appeal the order before ITAT, Pune. Bharat Forge states that the order has no material impact on the company's financials, operations, or other activities.

Bharat Forge Ltd. (BFL) has secured a long-term contract with Embraer for manufacturing and supplying critical landing gear forgings. BFL becomes the first Indian supplier to enter Embraer's global aerospace supply chain for forged components. The agreement covers high-integrity forged components for landing gear systems across Embraer’s commercial and defense aircraft programs. This contract strengthens Bharat Forge’s position in the global aerospace supply chain and reflects a commitment to quality and reliability.

Bharat Forge Ltd has completed the acquisition of 27,08,754 equity shares of ₹10 each at a premium of ₹478.45 each in Fortuna Engineering Private Limited (FEPL) as part of the First Tranche investment (Tranche I). This acquisition represents 30% on a fully diluted basis, subject to final adjustments. Consequently, FEPL has become an Associate Company of Bharat Forge Limited.

Bharat Forge Ltd's board approved the re-appointment of Mr. Ashish Bharat Ram as Non-Executive Non-Independent Director for five years, effective September 1, 2026, subject to member approval. They also recommended a final dividend of ₹6.50 per share (325%) for FY26, pending member approval at the AGM on August 11, 2026, with payment on or after August 14, 2026. The board approved the audited financial results for Q4 and FY26. The meeting concluded at 12:45 P.M. IST on May 7, 2026.

Bharat Forge Ltd's board approved the audited financial results for the quarter and year ended March 31, 2026. A final dividend of ₹6.50 per equity share (325%) has been recommended, subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for August 11, 2026. The board also approved the re-appointment of Mr. Ashish Bharat Ram as a Non-Executive Non-Independent Director for five years, effective September 1, 2026, also subject to shareholder approval.

Bharat Forge Ltd has acquired a 30% stake in Fortuna Engineering Private Limited (FEPL) for an aggregate consideration of ₹129.60 Crores. FEPL specializes in manufacturing machined connecting rods, camshafts, and fixtures for automotive and off-road applications. This acquisition aligns with Bharat Forge's strategy to strengthen its machining capabilities and achieve forward integration, aiming to enhance value addition and support growth in both domestic and export markets. The company also has an option to acquire an additional 20%+1 (majority) shareholding in FEPL, subject to certain conditions. The completion of the initial acquisition is contingent upon fulfilling conditions precedent and obtaining necessary governmental approvals. FEPL reported sales of ₹322.50 Crores and a net worth of ₹173.15 Crores for FY2025.

Bharat Forge Limited (BFL) announced the acquisition of a 30% equity stake in Fortuna Engineering Private Limited (FEPL) for an equity value of INR 129.60 crores, subject to final closing adjustments. Fortuna, established in 1989, is a leading manufacturer of precision-machined engine components for automotive and industrial applications, supplying major Indian OEMs across various vehicle segments. Both companies anticipate this strategic partnership will drive significant growth, enabling expansion into new products, customers, and geographies, and reinforcing the 'Make in India' initiative. The completion of the transaction is contingent upon customary conditions precedent and other applicable approvals.