Qualified Institutional Placement - Closure of Issue

B H A R A T F O R G E September 22, 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. : Qualified Institutions Placement of equity shares of face value of ₹ 2 (the “Equity Shares”) by Bharat Forge Limited (“Company”) under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”), and Sections 42 and 62 of the Companies Act, 2013 and the Rules made thereunder, each as amended (“Issue”) Ref. : Company’s Letter dated September 17, 2026 informing about the Meeting of the Investment Committee – Strategic Business (“Committee”) wherein the Issue was opened Dear Sir / Madam, Please be informed that the Issue was opened on Thursday, September 17, 2026 and the same was intimated to the Exchanges vide the Company’s Letter of even date. Further, please be informed that the Committee at its meeting held today i.e. Tuesday, September 22, 2026 has, inter alia, passed the following resolutions: a. Approved the closure of the Issue today i.e. Tuesday, September 22, 2026, pursuant to the receipt of the Application Forms and the funds in the Escrow Account from the eligible Qualified Institutional Buyers (“QIBs”) in accordance with the terms of the Issue; b. Determined and approved, the allocation of 1,05,82,010 Equity Shares of face value of ₹ 2 at an Issue price of ₹ 1,890.00 per Equity Share which takes into account a discount of ₹ 57.70 per Equity Share i.e. 2.96% to the floor price of ₹ 1,947.70 per Equity Share, in accordance with the SEBI ICDR Regulations (including a premium of ₹ 1,888.00 per Equity Share) upon the closure of the Issue, determined according to the formula prescribed under Regulation 176(1) of Chapter VI of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible QIBs in the Issue; c. Approved and adopted the Placement Document dated Tuesday, September 22, 2026; d. Approved and finalized the confirmation of Allocation Note to be sent to eligible QIBs, informing them regarding allocation of Equity Shares pursuant to the Issue; and CIN L25209PN1961PLC012046 BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. Phone : + 91 20 6704 2476 / 6704 2850 (Secretarial) Fax : 020 2682 2163 Email : secretarial@bharatforge.com Website : www.bharatforge.com B H A R A T F O R G E e. Approved issuance of refund intimation letter to the bidders who are entitled to receive the refund amount, if any. In this relation, the Placement Document dated September 22, 2026 will be filed with your good office on Tuesday, September 22, 2026. The meeting of the Committee commenced at 10.00 p.m. and concluded at 10.45 p.m. Kindly take this intimation on record and the same be treated as compliance under Regulation 29(1) and 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Thanking you, Yours faithfully, For Bharat Forge Limited Ms. 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 2850 (Secretarial) Fax : 020 2682 2163 Email : secretarial@bharatforge.com Website : www.bharatforge.com