Bharat Forge Ltd — Regulatory Filings 2021

Feb 9, 2021

February 8, 2021

BHARAT FORGE

To,

BSE Limited,

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

National Stock Exchange of India Limited 'Exchange Plaza', Bandra-Kuria Complex, Sandra {East) Mumbai- 400 051 Symbol: BHARATFORG Series: EQ

Dear Sir,

Sub.: Intimation regarding receipt of letter from Securities and Exchange Board of India

We are in receipt of letter reference no. SEBI/HO/CFD/CMD2/0W /P/2021/2681/1 dated February 2, 2021 from the Securities and Exchange Board of India (SEBI). A copy of which is enclosed for dissemination in accordance with the said SEBI letter.

In this regard, we wish to inform you that pursuant to Share Subscription Agreement between Bharat Forge Limited and Aeron, it was -agreed to make Tr:anch€ Ill investment on -or before March 2020. However, at the end of March 2020, the Parties further agreed to defer the acquisition of Tranche Ill on or before December 2020. Owing to sudden lockdown from March 23, 2020 due to COVID-19 pandemic, the Company inadvertently missed updating the above deferment of Tranche Ill to the Stock Exchanges. Subsequently, on closing of the transaction, the Company informed the acquisition of Tranche Ill to the stock exchanges vide its letter dated August 14, 2020.

The said deferment of Tranche 111 was only of Rs. 2 Crores and had no material impact on the transaction. The Company endeavours to comply with applicable provisions of SEBI (Listing Obligation and Disclosure Requirement) Reguiations, 2015 and keep informed to the stock exchanges and the shareholders of the Company about all the material information(s).

Kindly take the same on record.

Thanking you,

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Company Secretary_
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KALYANI GROUP COMPANY

DI l,',n,•,T roncc LIMITED, MU�IDHl.•/A, PU�lli rn 0,,, !nAHA�A�HWA, 11'.lf")IA PHONE: +91 20 6704 2777 FAX: +91 20 2682 0699 (Export), 2682 2387 (Sales/Mktg) 2682 2163 (Materials) Website : www.bharatlorge.com CIN No. l25209PN1961PLC012046

'ij H J) 4 lffirfJfir 44 am" fclA airt Secu ~~rtes an~~ d Exchange Board of India

GENERAL MANAGER G::I CORPORATION FINANCE DEPARTMENT �j

SEBI/HO/CFD/CMD2/0W /P /2021/2681/1 February 2, 2021

l\/lls. Tejaswini Chaudhari Cornpany Secretary & Compliance Officer Bllarat Forge Limited Pune Cantonment, Mundhwa, P une -411 036.

Sub: Non-compliance of Regulation 30 {7) of SEBI (Listing Obligation and Disclosure Requirement) - Regulations, 2015 Bharat Forge limited

1. This is with reference to Share Subscription Agreement entered by Bharat Forge Limited (BFL) for acquisition of 26% stake in Aeron Systems Pvt. Ltd which was proposed to be acquired in three tranches. It is understood from the disclosure of BFL that Tranche Ill of the mentioned acquisition had to be acquired on or before March 2020. However, the tranche Ill was acquired on August 14, 2020. The decision of such deferment was not informed to the shareholders. Therefore, BFL did not comply with provisions of Regulation 30 (7) of SEBI (Listing Obligations and Disclosure Requirements (LODR)) Regulations, 2015 which inter-alia requires a listed entity to make disclosures updating material developments on a regular basis, till the event is resolved/closed.

2. The aforesaid non-compliance is viewed seriously. You are hereby warned and advised to be more careful in future with respect to the compliances with all applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and exercise due diligence for the accuracy and adequacy of disclosures.

3. You are advised to disseminate this letter to the stock exchange(s) and also place the same before your Board of Directors in its next meeting.

: �

Copy to:

1. Chief Regulatory Officer BSE Umited Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001.

2. Chief Regulatory Officer National Steck Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex Bandra(E), Mumbai - 400 051.

� �. ��- m 4-�. "-m" �. oiiw-¥'!f�. oiiw c�). � - 400 051. �: 2644 9950 / 4045 9950 (311t.ci'r.31R'.�.), 2644 9000 / 4045 9000 ffl: 2644 9019 � 2644 9022 �: www.sebi.gov.in SEBI Bhavan, Plot No. C4-A, "G' Block, Bandra-Kurla Complex, Bandra (E), Mwnbai- 400 051. Tel.: 2644 9950 / 4045 9950 (IVRS), 2644 9000 / 4045 9000 Fax: 2644 9019 to 2644 9022 Web: www.sebi.gov.in