Credit Rating

B H A R A T F O R G E September 23, 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.: Intimation of reaffirmation / withdrawal of Credit Ratings Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) Dear Sir / Madam, Pursuant to Regulation 30 of the Listing Regulations, please be informed that, ICRA has reaffirmed / assigned its ratings of the Company as under: Particulars Rating [ICRA]AA+(Stable)/ [ICRA]A1+; 1. Long-term/Short-term - Unallocated limits Reaffirmed 2. Short-term - Non-fund based – Others [ICRA]A1+; Reaffirmed 3. Long-term - Fund-based - Cash credit [ICRA]AA+(Stable); Reaffirmed Long-term/Short-term - Fund-based - Term [ICRA]AA+(Stable)/ [ICRA]A1+; Loan Reaffirmed Long-term/Short-term - Fund-based - Term [ICRA]AA+(Stable)/ [ICRA]A1+; Loan assigned 6. Long-term - Issuer rating [ICRA]AA+(Stable); Reaffirmed 7. Bonds/NCD/LTD [ICRA]AA+(Stable); Reaffirmed Kindly take the same on your record. 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