Bharat Forge has received approval for further investment of an amount not exceeding Rs 290.50 crore in Kalyani Strategic Systems (KSSL), wholly owned subsidiary of the Company, at fair value, in one or more tranches.
The proposed investment will be funded from the proceeds of Qualified Institutional Placement (QIP) undertaken by the company. In alignment with the objects of issue and use of proceeds as specified in QIP placement document, the proposed investment by the company in KSSL will be utilized by KSSL, in furtherance of its business, towards funding of capital expenditure and funding investment in product and technology development.
The investment will be completed on or before March 31, 2027. The Board of Directors of the Company, in its Meeting held on November 05, 2026, have approved the same.
Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.
