Bharat Forge will hold a meeting of the Board of Directors of the Company on 8 May 2024.Powered by Capital Market - Live News

Bharat Forge has allotted rated, listed, unsecured, redeemable, non-convertible debentures of Rs 1 lakh each aggregating to Rs 125 crore on private placement basis. Powered by Capital Market - Live News

Bharat Forge announced that Atul Dhavle, Senior Vice President and Chief Human Resource Officer of the Company, has resigned from the services of the Company on 15 February 2024. Powered by Capital Market - Live News

Bharat Forge has on 22 February 2024 infused funds in Bharat Forge Global Holding GmbH (BFGH), a wholly owned subsidiary of the Company. This amount will then be invested by BFGH into Bharat Forge Holding GmbH (BFH) for subsequent investment in Bharat Forge Aluminiumtechnik GmbH (BFAT), a wholly owned subsidiary of BFH.Bharat Forge Aluminiumtechnik GmbH (BFAT) is a wholly owned step down subsidiary of Bharat Forge. BFAT is engaged in the manufacturing and supply of aluminium components for automotive industry. Accordingly, the investment by the Company in BFGH for further proposed investment in BFH and subsequent proposed investment in BFAT is in furtherance of BFAT`s main line of business. The investment of Euro 15 million (Rs 133.58 crore) will tentatively be completed by 29 February 2024.Powered by Capital Market - Live News

Bharat Forge announced that the Board of Directors of the Company at its meeting held on 12 February 2024, has recommended a Interim dividend of Rs.2.50 per share (i.e.125%), subject to the approval of the shareholders.Powered by Capital Market - Live News