Intimation regarding divestment of stake held in Joint Venture

B H A R A T F O R G E September 2, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relations Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street, Fort, Mumbai 400 001 Bandra Kurla Complex, Bandra (East) Maharashtra, India Mumbai 400 051, Maharashtra, India Scrip Code: 500493 Symbol: BHARATFORG Sub.: Update on divestment of stake held in REFU Drive GmbH by Kalyani Powertrain Limited Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) Dear Sir / Madam, This has reference to our earlier intimation dated July 23, 2026, regarding divestment of stake held in REFU Drive GmbH (“REFU”) by Kalyani Powertrain Limited (“KPTL”). In this regard, we wish to inform you that KPTL has completed the divestment by transferring its entire 50% equity stake, held in REFU to REFU Elektronik GmbH. Accordingly, REFU has ceased to be a joint venture of KPTL. The detailed disclosures as required under SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, which were provided in our intimation dated July 23, 2026, shall stand amended to the extent as mentioned above. Kindly take the same on record. Thanking you, Yours faithfully, For Bharat Forge Limited, Tejaswini Chaudhari Company Secretary and Compliance Officer Membership No.: A18907 CIN L25209PN1961PLC012046 BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com