Pursuant to Regulation 30 of the Listing Regulations, Bharat Forge has informed that the Company has received an Order under Section 250 of the Income Tax Act, 1961 from Commissioner of Income-tax (Appeals) Income Tax Department (authority) dated May 11, 2026 , received by the Company on May 12, 2026, with reduction of penalty to Rs. 85,29,661 for under-reporting of income under Section 270A of the Income Tax Act, 1961 for the financial year 2016-17. The order is appealable, and the company is in the process of filing an appeal before ITAT, Pune for the said penalty. There is no material impact on financials, operations or other activities of the Company.
The above information is a part of company’s filings submitted to BSE.
