Acquisition

B H A R A T F O R G E August 10, 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 Dear Sir/Madam, Sub.: Further investment in Kalyani Strategic Systems Limited (“KSSL”), wholly owned subsidiary of the Company Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) This is to inform you that the Board of Directors of the Company, in its Meeting held on Monday, August 10, 2026, have considered and approved further investment of an amount not exceeding Rs. 2,400 million in Kalyani Strategic Systems Limited (“KSSL”), wholly owned subsidiary of the Company, at fair value, in one or more tranches. 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 Annexure 1. Kindly take the same on record. Thanking you, Yours faithfully, For Bharat Forge Limited Tejaswini Chaudhari Company Secretary & Compliance Officer Encl.: as above 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 CIN L25209PN1961PLC012046 B H A R A T F O R G E Annexure 1 Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30 January 2026 Particulars Details Name of the target entity, details in brief Kalyani Strategic Systems Limited (“KSSL”). such as size, turnover etc. KSSL is a public limited company and a wholly owned subsidiary of the Company, engaged in developing and manufacturing, offering for sale, delivering and commissioning, and providing life support of defense platforms, systems and equipment for various customers in India and global markets. KSSL had a turnover of Rs. 12,244.70 million for the FY 2025-26. Whether the acquisition would fall within KSSL is a Related Party of the Company. related party transaction(s) and whether the promoter/ promoter group/ group The proposed investment is in the nature of Related companies have any interest in the entity Party Transactions and will be on an arm’s length being acquired? If yes, nature of interest basis. and details thereof and whether the same is done at “arm’s length” None of the Company’s promoter/ promoter group /group companies have any interest in the proposed investments. Industry to which the entity being acquired Defense Industry belongs Objects and impact of acquisition (including KSSL is engaged in the trading, manufacturing and but not limited to, disclosure of reasons for selling of assembled products for defense industry. acquisition of target entity, if its business is Accordingly, the proposed investment by the outside the main line of business of the Company in KSSL is in furtherance of KSSL’s main listed entity) line of business, including enabling KSSL to make further investment in its wholly-owned subsidiary. Brief details of any governmental or No governmental or regulatory approvals are regulatory approvals required for the required for these transactions. acquisition Indicative time period for completion of the The investment will be completed on or before acquisition March 31, 2027. Consideration - whether cash consideration Cash or share swap or any other form and details of the same 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 CIN L25209PN1961PLC012046 B H A R A T F O R G E Particulars Details Cost of acquisition and/or the price at which Proposed Investment not exceeding Rs. 2,400 the shares are acquired million. Percentage of shareholding / control The Company will continue to hold 100% of acquired and / or number of shares shareholding in KSSL. acquired Brief background about the entity acquired KSSL is an Indian public limited company in terms of products/line of business incorporated on December 20, 2010, with its acquired, date of incorporation, history of registered office in Pune, India. KSSL has presence last 3 years turnover, country in which the in India and Spain. acquired entity has presence and any other significant information (in brief) KSSL’s turnover for the last 3 years is as follows: FY 2025-26: Rs. 12,244.70 million FY 2024-25: Rs. 14,044.97 million FY 2023-24: Rs. 11,445.58 million 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 CIN L25209PN1961PLC012046