Bharat Forge Ltd — Capital/Financing Update 2020

Jul 29, 2020

BHARAT FORGE

July 29, 2020

To,

BSE Limited,

1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 BSE SCRIP CODE - 500493

National Stock Exchange of India Ltd.,

'Exchange Plaza', Bandra-Kurla Complex, Bandra (East) Mumbai- 400 051 Symbol: BHARATFORG Series: EQ

Dear Sir,

Subject: ICRA Credit Rating for a. Line of Credit and External Commercial Borrowing b. Rs. 500.00 crore Non-Convertible Debenture (NCO) Programme.

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to intimate you that ICRA has reaffirmed/ revised its ratings of the Company as under:

Sr. No. 1. 2.	Particulars		Rating [ICRA]AA+(Negative) [ICRA]Al+
	Long Term Rating External CommercialBorrowings and Fund-based facilities Short Term Rating Non-fund based facilities

It is further intimated that ICRA has assigned [ICRA] AA+/ (Negative) rating to the Rs. 500 Crore NCO Programme.

Submitted for your kind reference and records.

Thanking you,

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Company Secretary
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KALYANI GROUP COMPANY

BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE : +91 20 6704 2777 FAX : +91 20 2682 0699 (Export). 2682 2387 (Sales/Mktg) 2682 2163 (Materials) Website : www.bharatfarge.cam CIN Na. l25209PN 1961 PLC012046