Bharat Forge Ltd — Capital/Financing Update 2022

Jul 13, 2022

B_HARAT FORGE

July 13, 2022

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, Sandra (East) Mumbai- 400 051 Symbol: BHARATFORG Series: EQ

Dear Sir,

Sub: Incorporation of a wholly owned subsidiary company

Pursuant to the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that Bharat Forge Limited has incorporated a wholly-owned subsidiary in the name of "Kalyani Lightweighting Technology Solutions Limited" on July 12, 2022 under Corporate Identity Number U29299PN2022PLC213002 ("KL TSL").

KL TSL has been incorporated with a view of creating a separate vertical for aluminium business and for light weighting technology. KL TSL will focus on the manufacturing of aluminium components for automotive & industrial applications and carry out research and development activity on light weighting through new materials and technologies.

The details / disclosures in respect of the said wholly owned subsidiary, as required under Regulation 30 of the SEBI Listing Regulations, read with Schedule Ill thereto and the SEBI Circular No.CIR/CFD/CMD/4/2015 dated September 9, 2015, are provided in the enclosed Annexure.

Kindly take the same on your record.

Thanking you,

For Bharat Forge Limited /4

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Tejas · i Chaudhari Company Secretary and Compliance Officer

Encl.: As above

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KALYAN I

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@tharatforge.com WEBSITE: www,bhartforge.com CIN L25209PN1961PLC012046

BHARAT FORGE

Annexure

s. No. 1.	s. No. 1.			Pariculars	Details Kalyani Lightweighting Technology Solutions Limited ("KL TSL") Authorized capital:Rs. 10,000/- divided into 1000 equity shares of Rs. 10/- each Issued, Subscribed & Paid-up Capital: Rs. 10,000/- divided into 1000 equity shares of Rs. 10/- each Turnover:NIL, since KLTSL is a newly incorporated company. Not applicable.
		Name of the target entity, details in brief such as size, turnover, etc. Whether the acquisition would fall within related party transaction( s) and whether
2.
3.		the promoter / promoter group / group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length". Industry to which the entity being acquired belongs			Manufacturing of components for automotive & Industrial applications
4. 5. 6. 7.			Objects and efects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity). Brief details of any governmental or regulatory approvals required for the acquisition.
		Indicative time period for completion of the acquisition.
		Nature of consideration - whether cash consideration or share swap and details of the same.			100% subscription to the share capital is in cash. Rs. 10,000/- (1,000 equity shares of Rs. 10/- each)
8.			Cost of acquisition or the price at which the shares are acquired.

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KALYANI

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.bhararfarge.com CIN L25209PN1961PLC012046

BHARAT FORGE

1. Percentage of shareholding /control 100 % (99.4% by the Company + 0.6% acquired and/ or number of shares through Nominees of the Company) acquired. 10. Brief background about the entity acquired Brief Background: in terms of products/line of business The Company has promoted and acquired, date of incorporation, history of incorporated KTSL to undertake the last 3 years turnover, country in which the business of assembly, testing, acquired entity has presence and any integration, fabricating, forging, casting, other significant information (in brief). trading, marketing, sales, providing services, spares support, after-sales support, R&D for aluminium and other components for automotive and industrial applications. Date of Incorporation: July 12, 2022 The turnover of WOS for past 3 years is as follows: Since KL TSL is newly incorporated, this requirement is not applicable.

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KALYANI

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@bharaiforge.com WEBSITE: www,bharattorge.com CIN L25209PN1961PLC012046