Acquisition

B H A R A T F O R G E November 05, 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, Bandra Kurla Complex, Bandra (East) Mumbai 400 001, Maharashtra, India Mumbai 400 051, Maharashtra, India Scrip Code: 500493 Symbol: BHARATFORG Sub. : Outcome of the Board Meeting held on November 05, 2026 Ref. : Regulation 30 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir / Madam, This is to inform you that the Board of Directors of the Company, in its Meeting held on Thursday, November 05, 2026, have discussed and approved the following: 1. Statement of Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2026, along with the ‘Limited Review Report’ issued by BSR & Co. LLP, Statutory Auditors of the Company, a copy of which is enclosed herewith as Annexure 1. 2. Further investment of an amount not exceeding Rs. 2,905.08 million in Kalyani Strategic Systems Limited (“KSSL”), wholly owned subsidiary of the Company, at fair value, in one or more tranches. Requisite details are enclosed herewith as Annexure 2. The Board Meeting commenced at 11:30 A.M. IST and concluded at 12:40 P.M. IST. The details under Regulation 30 of the Listing Regulations read along with SEBI Master Circular no. SEBI/HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30 January 2026 and such other circulars as applicable, are given as per annexures. Please take note of the same. Thanking you, Yours faithfully, For Bharat Forge Limited Tejaswini Chaudhari Company Secretary & Compliance Officer Membership No.: A18907 Encl.: As above 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 Annexure 1 BHARAT FORGE LIMITED Regd. Office : Mundhwa, Pune Cantonment, Pune 411 036, ~ Maharashtra, India. ~~ l<ALYAN I CIN:L25209PN1961PLC012046 Ph. No. : 91-20-6704 2777 / 2476, Fax No. : 91-20-2682 2163 eH'1fA!slRy :'l u~.i J: 'T "". t"\ l F,I ,{ _ O .s ,n R <» c< E Email : secretarial@bharatforge.com; Website : www.bha_ratforge.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ANO HALF YEAR ENDED SEPTEMBER 30, 2026 ("in Million) Quarter ended Half year ended Year ended September 30, June 30, September 30, September 30, September 30, March 31, Sr. No. ParticJJI ars 2026 2026 2025 2026 2025 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income a) R e\/enue from operations 25,263.57 23,474.16 19,468.62 48,737.73 40,515.69 83,956.78 b) Otller income 308.73 342.54 464.64 651.27 886.57 1,444.57 Total income (a+b) 25,572.30 23,816.70 19,933.26 49,389.00 41,402.26 85,401.35 2 Expenses a) ccst of raw materials and components consumed 11,270.05 9,564.53 8,102.85 20,834.58 17,208.29 34,933.31 bl changes in inventories of finished goods, work-in-progress, dies and scrap (1,083.74) (376.79) (1,050.24) (1,460.53) (1,999.36) {2,476.82) c) Ernployee benefits expense 1,874.76 1,858.93 1,673.52 3,733.69 3,369.92 6,760.05 d) Fin a nee costs 484.75 431.92 482.86 916.67 1,005.22 1,821.74 e) Depreciation and amortisation expenses 1,170.23 1,150.02 1,111.95 2,320.25 2,236.50 4,480.49 f) Other expenses 6,677.96 6,S70.S4 5,231.96 13,248.50 10,708.58 21,674.48 Total expenses (a to f) 20,394.01 19,199.15 15,552.90 39,593.16 32,529.15 67,193.25 3 Profit before exceptional items and tax (1-2) 5,178.29 4,617.55 4,380.36 9,795.84 8,873.11 18,208.10 4 Exceptional items (loss) (see note 5 & 6) {205.57) (244.91) {78.95) {450.48) {78.95) (5,495.85) 5 Profit before tax (3+4) 4,972.72 4,372.64 4,301.41 9,345.36 8,794.16 12,712.25 6 Income tax expense a) Current tax 1,413.00 1,210.00 1,270.90 2,623.00 2,422.20 4,728.08 b) Deferred tax (credit) {148.53) {51.35) (68.85) {199.88) (112.61) (203.24) Income tax expense 1,264.47 1,158.65 1,202.05 2,423.12 2,309.59 4,524.84 7 Profit/(loss) for the period/year {5-6) 3,708.25 3,213.99 3,099.36 6,922.24 6,484.57 8,187.41 8 Other comprehensive income a) Other comprehensive income/{loss) not to be reclassified to profit and loss in subsequent periods (179.01) {70.12) (144.68) (249.13) {159.63) (264.15) -Income tax effect 32.59 17.02 22.11 49.61 25.68 24.80 b) Other comprehensive income/(loss) to be reclassified to profit and loss in subsequent periods 378.56 1,111.00 (1,836.07) 1,489.56 (3,383.19} (5,189.88) -Income tax effect (9S.27) (279.62) 462.10 (374.89) 851.48 1,306.19 Other comprehensive income/{loss) (net of tax) 136.87 778.28 (1,496.54) 915.15 {2,665.66) (4,123.04) 9 Total comprehensive income/(loss) for the period/year {7+8) 3,845.12 3,992.27 1,602.82 7,837.39 3,818.91 4,064.37 10 Earnings per equity share (see note 8) -Basic and diluted (in~) (not annualised) 7.74 6.72 6.48 14.46 13.56 17.12 11 Equity share capital (Face value" 2/-each) 977.43 956.27 956.27 977.43 956.27 956.27 12 Other equity 108,926.08 MAKING IN INDIA FOR THE WORLD~ )- .:. .-..,I M A K1 -lo BHARAT FORGE LIMITED ~ Regd. Office : Mundhwa, Pune Cantonment, Pune 411 036, r~~ ~ Maharashtra, India. ~~ CIN:l25209PN1961PLC012046 KALYAN I Ph. No.: 91-20-6704 2777 / 2476, FaK No. : 91-20-2682 2163 Y LARS Email : secretarial@bharatforge.com; Website : www.bharatforge.com B~oF Ar~ ~C R 'H<-L' A1( 'O °", T'K "'~ , _ . F, .. I. _n O,,.,,.. Rc . .. , GG .. E STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 ('!:in Million) Quarter ended Half year ended Year ended Sr. September 30, June 30, September 30, September 30, September 30, March 31, Partic&Jfars No. 2026 2026 2025 2026 2025 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income a) Revenue from operations 48,699.66 46,399.41 40,319.27 95,099.07 79,406.76 168,116.53 b) Other income 475.24 572.45 535.13 1,047.69 1,032.-36 1,986.83 Total i11come (a+ b) 49,174.90 46,971.86 40,854.40 96,146,76 80,439.12 170,103.36 2 E.xpen~es a) cost of raw materials and components consumed 25,112.83 21,029.91 19,473.76 46,142.74 36,643.37 77,779.31 b) purchase of stock in trade 798.05 113.48 220.17 911.53 365.17 788.71 c) Changes in inventories of finished goods, work-in-progress, stock in trade, dies and scrap (3,565.11) (457.96) (2,019.54) (4,023.07) (2,372.41) (2,672.21) d) Employee benefits expense 5,731.52 5,935.30 5,205.70 11,666.82 10,342.43 21,034.18 e) Finance costs 969.19 897.10 800.85 1,866.29 1,623.07 3,233.46- f) Depreciation and amortisation expenses 2,697.63 2,632.83 2,408.87 5,330.46 4,669.85 9,709.24 g) Other expenses 12,945.65 12,684.09 10,182.65 25,629.74 20,442.63 41,919.81 Total expenses (a tog) 44,689.76 42,834.75 36,272.46 87,524.51 71,714.11 151,792.50 3 Profit before share of profit/ (loss) of associates, joint ventures, exceptional items and tax (1-2) 4,485.14 4,137.11 4,581.94 8,622.25 8,725.01 18,310.86 4 Share of profit/ (loss) of associates and joint ventures (51.86) (110.27) (9.94) (162.13) (42.64) (76.50} Income tax expense 8.81 2.35 3.69 11.16 4.17 18.21 Share of profit/ (loss) of associates and joint ventures, net of tax (60.67) (112.62) (13.63) (173.29) (46.81) (94.71) 5 Profit before exceptional items and tax (3+4) 4,424.47 4,024.49 4,568.31 8,448.96 8,678.20 18,216.15 6 Exceptional items (loss) (see note 5 & 6) (245.68) (3,580.05) - (3,825.73) - (1,544.43) 7 Profit before tax (5+6) 4,178.79 444.44 4,568.31 4,623.23 8,678.20 16,671.72 8 Income tax expense a) Current tax 1,616.69 1,479.53 1,489.62 3,096.22 • 2,830.25 5,606.07 b) Deferred tax (credit)/charge (224.71) (136.21) 85.91 (360.92) 16.47 171.67 Income tax expense (a+ b) 1,391.98 1,343.32 1,575.53 2,735.30 2,846.72 5,777.74 9 Profit/ (loss) for the period/year (7-8) 2,786.81 (898.88) 2,992.78 1,887.93 5,831.48 10,893.98 10 Other comprehensive income a) [Showing first 8,000 characters — download PDF for full document]