Board comments on the fine levied by the exchange

B H A R A T F O R G E November 5, 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.: Comments of the Board of Directors on delay in XBRL Filing of Voting Results under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref.: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on July 11, 2023 and last updated on January 30,2026 Dear Sir / Madam, Pursuant to the aforesaid SEBI Master Circular, we wish to inform you that the Board of Directors, at its meeting held on November 5, 2026, was apprised of the delay in filing the voting results under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the subsequent notices received from BSE and NSE dated October 14, 2026. The Board noted that the Scrutinizer's Report and voting results in PDF format for the Postal Ballot concluded on September 11, 2026 were duly submitted to the Stock Exchanges within the prescribed timeline. The delay was limited to the XBRL filing and occurred due to a technical issue. Upon identification of the issue, the Company immediately completed the requisite XBRL filing. The Board further noted that the Company had submitted a waiver application to the Stock Exchanges on October 30, 2026, explaining the circumstances leading to the delay and seeking waiver of the fine imposed. After considering the facts and circumstances of the matter, the Board took note of the waiver application and endorsed the grounds and justification set out therein. This is for your information and records. 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