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Bharat Forge Ltd Capital/Financing Update 2026

Mar 10, 2026

Capital/Financing Update

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B H A R A T F O R G E

March 10, 2026

	March 10, 20
To
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, Mumbai 400 001	Bandra Kurla Complex, Bandra (East)
Maharashtra, India	Mumbai 400 051, Maharashtra, India
Scrip Code:500493	Symbol:BHARATFORG

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

Dear Sir / Madam,

Pursuant to Regulation 30 of the Listing Regulations, please be informed that, ICRA has reaffirmed / withdrawn its ratings of the Company as under:

Sr. No.	Particulars	Rating
1.	Long-term – Fund-based/ Working capital facilities	[ICRA] AA+ (Stable); reaffirmed
2.	Long-term/ Short-term – Fund-based / Term loans	[ICRA] AA+ (Stable) / [ICRA] A1+; reaffirmed
3.	Non-fund based facilities	[ICRA] A1+; reaffirmed
4.	Long-term/ Short-term – Unallocated limits	[ICRA] AA+ (Stable) / [ICRA] A1+; reaffirmed
5.	Issuer rating	[ICRA] AA+ (Stable); reaffirmed
6.	Long-term – Non convertible debentures - Previously Rated Amount: Rs. 125.0 Crore -Current Rated Amount: Rs. 125.0 Crore	[ICRA] AA+ (Stable); reaffirmed
7.	Long-term – Non convertible debentures - Previously Rated Amount: Rs. 700.0 Crore -Current Rated Amount: Rs. 0.0 Crore	[ICRA] AA+ (Stable); reaffirmed and withdrawn

Kindly take the same on your record.

Yours faithfully,