Bharat Forge Approves Rs. 20,000 Million Fundraising Initiative
Filing Summary
Bharat Forge Ltd has announced its Board of Directors’ approval to raise up to Rs. 20,000 million through various debt instruments, including term loans and non-convertible debentures. The decision was made during the board meeting on November 11, 2025. The company has delegated the authority to its Investment Committee for Strategic Business to oversee this fundraising process. Additionally, Mr. Laxmiprasad Jahagirdar has been appointed as Senior Management Personnel. The company’s unaudited financial results for the quarter and half-year ending September 30, 2025, were also reviewed and approved.
Bharat Forge Ltd has disclosed the outcome of its Board of Directors meeting held on November 11, 2025. The board has given in-principal approval for raising funds not exceeding Rs. 20,000 million. The funds will be raised through various debt instruments, including term loans and non-convertible debentures. The authority for this fundraising initiative has been delegated to the Investment Committee for Strategic Business within the company.
The financial details of the company for the quarter and half-year ending September 30, 2025, were also reviewed. The unaudited standalone financial results show a total income of Rs. 19,933 million for the quarter, with revenue from operations at Rs. 19,469 million. The consolidated financial results indicate a total income of Rs. 40,854 million for the same period, with revenue from operations at Rs. 40,319 million. The profit before tax for the standalone results was Rs. 4,301 million, while the consolidated results showed a profit before tax of Rs. 4,568 million.
Operationally, the company has designated Mr. Laxmiprasad Jahagirdar as Senior Management Personnel, effective November 11, 2025. Mr. Jahagirdar brings over 33 years of experience in manufacturing operations, having held significant roles in companies like IPLTech Electric Private Ltd., Tata Marcopolo Motors Ltd., and Mahindra & Mahindra Ltd. He will be responsible for overseeing the manufacturing operations of the Component Business at Bharat Forge.
The board meeting commenced at 11:00 A.M. and concluded at 12:30 P.M. The meeting also included the review of the ‘Limited Review Report’ issued by BSR & Co. LLP, the statutory auditors of the company. The financial results and the Limited Review Report are enclosed as annexures to the filing.
The parties involved in the fundraising process include Bharat Forge’s Investment Committee for Strategic Business, which has been tasked with executing the fundraising strategy. The committee will explore various debt instruments to achieve the target amount of Rs. 20,000 million.
In the context of the current market, Bharat Forge’s decision to raise funds aligns with its strategic objectives to enhance its financial flexibility and support its operational and expansion plans. The company’s focus on manufacturing operations and cultural transformation in safety, quality, and efficiency improvements is expected to benefit from this financial initiative.
About Bharat Forge Ltd: Bharat Forge Ltd is a leading global provider of forging and machining solutions for automotive and industrial sectors. The company focuses on innovation and efficiency in manufacturing operations, aiming to enhance its market position and operational capabilities through strategic financial and operational initiatives.