Bharat Forge Ltd — Capital/Financing Update 2022

Mar 1, 2022

B H A R AT F O R GE

March 01, 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 Limited

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

Dear Sir,

Sub.: Update on acquisition of additional 49% stake in Kalyani Strategic Systems Limited

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

This is in continuation to our intimation dated May 17, 2021 relating to purchase of 49% stake in Kalyani Strategic Systems Limited ("KSSL"), a subsidiary of the Company.

In this regard, we wish to inform you that on receipt of the necessary approval from the Department for Promotion of Industry and Internal Trade, the Company has completed the purchase of 23,594,274 equity shares of KSSL from its existing shareholders, resulting in an increase in the Company's stake in KSSL from 51 % to 100%. Consequently, KSSL has become a wholly owned subsidiary of the Company with effect from February 28, 2022.

Kindly take the same on record.

Thanking you,

Yours faithfully, For Bh�t Forge Limited Te udhari � Company Secretary & Compliance Officer

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KALYAN I

BHARAT FORGE LIMITED, MUNDHW A, PUNE 411 036, MAHARASHTRA, INDIA. PHONE:+ 91 20 6704 2476 6704 2777 (Secretarial) Fax 020 2682 2163 CIN L25209PNI 961 PLC012046 Email: Sl�rctmialr bham1for!e.rnm WEBSITE: www.bharatforge.com