Bharat Forge Ltd

Meeting Details

• Date: August 10, 2026; after the results announcement.
• Group, virtual investor conference call.
• Event/organiser: Bharat Forge Limited Q1 FY27 Earnings Conference Call.

Participants

• Company management participants: Vice Chairman & Joint Managing Director; Chief Financial Officer; Executive Director; Head, Investor Relations.

Purpose

• Discuss Q1 FY27 unaudited standalone and consolidated results for quarter ended June 30, 2026.

Availability

• Call recording; transcript available on the company's investor relations website.

Resolutions

• Item 1: Special resolution to raise up to ₹25,000 million by issuing Securities (various instruments).
• Instruments include equity, warrants, FCCBs, GDRs, ADRs, or convertible instruments, through private placement, QIP, FPO, or rights.
• Board may determine pricing, timing, and structure; pricing rules under ICDR and other laws apply.
• Funds to finance growth, capex, debt repayment, or corporate purposes.
• e-voting from 13 Aug to 11 Sep 2026; cut-off 7 Aug 2026; results by 16 Sep 2026.
• QIP constraints: 10% to mutual funds; no promoter group QIB; single QIB cap 50%.
• Result of ballot will be deemed passed on 11 Sep 2026 if approved by requisite majority.
• No promoter or related-party interest disclosed; board recommends approval.

AGM Details

• Date and mode: August 11, 2026, via VC/OAVM.

Key Resolutions and Outcomes

• Resolution 1: Adopt standalone and consolidated financial statements; passed with near-unanimous support.
• Resolution 2: Confirm interim dividend and declare final dividend on equity shares; passed.
• Resolution 3: Re-appoint Ashish Bharat Ram by rotation; passed with 95.2% in favour.
• Resolution 4: Appoint Ashish Bharat Ram as Non-Executive Non-Independent Director; passed.
• Resolution 5: Ratify remuneration of Cost Auditors for 2026-27; passed.

Director Changes

• Ashish Bharat Ram re-appointed by rotation and appointed as Non-Executive Non-Independent Director.

Auditors & Remuneration

• Remuneration of Cost Auditors for 2026-27 ratified.

AGM details

• Date/time/mode: 11 Aug 2026, 11:00 IST, via VC/OAVM.
• Remote e-voting open Aug 8–10, 2026; AGM voting through VC/OAVM.
• No proxy facility; records accessible electronically per MCA.
• AGM concluded at 12:26 PM IST.

Key resolutions

• Adoption of audited standalone and consolidated financial statements.
• Interim dividend confirmed; final dividend proposed for FY 2026.
• Re-appointment of director by rotation.
• Appointment of Ashish Bharat Ram as non-exec non-independent director.
• Remuneration of Cost Auditors for FY 2026–27 ratified.

Voting and outcomes

• Voting results not provided in filing; Scrutinizer report to declare results.

Investment in KSSL (related party)

• Target: Kalyani Strategic Systems Limited (KSSL), defense-focused systems developer and manufacturer.
• KSSL is a wholly owned Bharat Forge subsidiary.
• Turnover: Rs 12,244.70 million in FY2025-26.
• Industry: Defense; presence in India and Spain.
• Proposed investment: up to Rs 2,400 million, in cash.
• Purpose: fund KSSL’s main defense business and subsidiary investments.
• Related party transaction; arm's length; no promoter/group interest.
• Regulatory approvals: none required.
• Timeline: completion on or before March 31, 2027.
• Current holding: Bharat Forge retains 100% stake in KSSL.
• Incorporation: Dec 20, 2010; registered in Pune, India.
• FY2024-25 turnover: Rs 14,044.97 million.
• FY2023-24 turnover: Rs 11,445.58 million.

Meeting Details

• Date: August 10, 2026; Time: not disclosed.
• Type: Analyst/Investor Conference Call; Mode: virtual audio.
• Event: Analyst/Investor Conference Call after unaudited results for quarter ended June 30, 2026.

Participants

• Key company participants: Company Secretary and Compliance Officer.

Purpose

• Discuss unaudited standalone and consolidated Q1 2026 results.

Availability

• Audio recording of the call uploaded on the company website.

Meeting Details

• Event: Q1 FY27 Analyst Update on results for quarter ended June 30, 2026.
• Organiser: Bharat Forge Limited.

Participants

• Key company participant: Chairman & Managing Director.

Purpose

• Purpose: discuss Q1 FY27 unaudited results (standalone and consolidated) and outlook.

Additional Notes

• Presentation on Q1 FY27 results enclosed with filing.

Financial results approved

• Approved unaudited standalone and consolidated results for the quarter ended June 30, 2026, with Limited Review Report.

Fundraising framework

• Raising of funds via equity, debt, or convertible securities; shareholder and regulatory approvals required.
• Investment Committee - Strategic Business empowered to decide structure, price, timing, and terms.
• Total potential issue size up to Rs 25,000 million.

Malaysia subsidiary

• Approved incorporation of a Malaysia subsidiary for semiconductor activities, subject to approvals.

Strategic investments and divestments

• BF Industrial Solutions Limited acquired 90% stake in RS Aerostructures Limited.
• BFISL acquired 30% stake in Fortuna Engineering Private Limited.
• Kalyani Powertrain Limited to sell its 50% stake in REFU Drive GmbH.
• REFU Drive GmbH will cease to be a joint venture post-completion.

Auditor remarks

• Limited Review Reports by BSR & Co. LLP indicate no material misstatement.