Bharat Forge has informed that an application made to the Registrar of Companies, Pune (ROC) for strike-off of BF Premier Energy Systems (BF Premier), a joint venture between the Company’s wholly owned subsidiary - Kalyani Strategic Systems (KSSL), and Premier Explosives (PEL), has been duly approved by the ROC vide letter dated November 25, 2023. Due to prolonged inoperativeness and the inability to achieve its intended objective, the joint venture partners - KSSL and PEL had initiated the strike-off process as per statutory regulations and in compliance with the applicable laws. This strike-off action has no material impact on the financials or operations of the Company or its subsidiary, KSSL.
The above information is a part of company’s filings submitted to BSE.
