Bharat Forge Ltd — Capital/Financing Update 2022

Apr 19, 2022

April 19, 2022

BHARAT FORGE

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 Limited

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

Dear Sir,

Sub.: Acquisition update regarding Avaada MHVidarbha Private Limited

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This has reference to our intimation dated February 10, 2022 wherein it was informed that, pursuant to the Power Purchase Agreement and Share Subscription and Shareholders' Agreement dated February 09, 2022, the Company is proposing to acquire 26% of equity shares of Avaada MHVidarbha Private Limited (AMHVPL) to purchase solar power on a Single Captive User basis.

In this regard, we would like to inform that the Company has subscribed to 1, 13, 75,000 (One Crore Thirteen Lakhs Seventy Five Thousand) equity shares of Rs. 10/(Rupees Ten Only) each of AMHVPL amounting to Rs. 11,37,50,000/- (Rupees Eleven Crore Thirty Seven Lakhs Fifty Thousand Only). Subsequent to the aforesaid subscription, the Company holds 26% of paid up share capital of AMHVPL.

Kindly take the same on record.

Thanking you,

Yours faithfully, For Bharat Forge Limited ('; haudhari � Company Secretary & Compliance Officer

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KALYANI

BHARAT FORGE LIMITED, MUNDHW A, PUNE 411 036, MAHARASHTRA, rND!A. PHONE:+ 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: «:cretnlial(ilbhnra1lorge,�Ql!l WEBSITE: w, w._hara\lorge. .;QID CrN l25209PN 1961 PLC0 12046