Bharat Forge Confirms Compliance with SEBI Dematerialization Regulations for Q4FY26

1 min read     Updated on 08 Apr 2026, 11:15 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Bharat Forge Limited confirmed compliance with SEBI dematerialization regulations for Q4FY26, filing a certificate on April 8, 2026, stating all dematerialization requests were processed within stipulated timelines. The confirmation was supported by RTA MUFG Intime India Private Limited, which verified proper handling of securities dematerialization, including acceptance/rejection procedures, certificate cancellation, and timely substitution of depositories' names in member registers.

powered bylight_fuzz_icon
37215905

*this image is generated using AI for illustrative purposes only.

Bharat Forge Limited has filed a compliance certificate with stock exchanges confirming adherence to SEBI dematerialization regulations for the quarter ended March 31, 2026. The company submitted the certificate on April 8, 2026, to both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance Confirmation

The certificate was filed pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Tejaswini Chaudhari confirmed that all dematerialization requests received during Q4FY26 were processed within the stipulated time limit.

Parameter: Details
Filing Date: April 8, 2026
Quarter Covered: March 31, 2026
Regulation: SEBI Regulation 74(5)
Filing Officer: Tejaswini Chaudhari
Membership No.: A18907

RTA Confirmation Details

The compliance confirmation was supported by a letter dated April 3, 2026, from the company's Registrar & Transfer Agents, MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The RTA provided comprehensive confirmation of dematerialization process compliance.

MUFG Intime confirmed several key compliance aspects:

  • Securities received from depository participants for dematerialization during Q4FY26 were confirmed to depositories
  • Security certificates received for dematerialization were properly accepted or rejected
  • Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
  • Security certificates were mutilated and cancelled after due verification by depository participants
  • Depositories' names were substituted in the register of members as registered owners within prescribed timelines

Corporate Information

The filing was made by Tejaswini Chaudhari, who serves as Company Secretary and Compliance Officer with membership number A18907. The certificate was digitally signed on April 8, 2026, at 17:00:30 +05'30'.

Exchange Details: Information
BSE Scrip Code: 500493
NSE Symbol: BHARATFORG
Company CIN: L25209PN1961PLC012046
RTA: MUFG Intime India Private Limited

The regulatory filing demonstrates the company's commitment to maintaining compliance with SEBI regulations governing dematerialization processes and depositories operations.

Historical Stock Returns for Bharat Forge

1 Day5 Days1 Month6 Months1 Year5 Years
+3.41%+9.51%-3.41%+48.75%+85.47%+194.76%

How might MUFG Intime's rebranding from Link Intime affect Bharat Forge's future registrar services and operational efficiency?

What impact could enhanced dematerialization compliance have on Bharat Forge's investor base expansion and foreign institutional investment?

Will stricter SEBI depositories regulations influence Bharat Forge's capital raising strategies in FY27?

Jefferies Issues Buy Rating on Bharat Forge with Target Price of Rs 2150

1 min read     Updated on 25 Mar 2026, 08:59 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Jefferies has assigned a Buy rating to Bharat Forge with a target price of Rs 2150, driven by the company's defense capabilities expansion and strong Indian government domestic procurement focus. The brokerage also highlights the rebound in US truck orders and revival in US industrial activity as key factors supporting both defense and industrial growth segments.

powered bylight_fuzz_icon
35954991

*this image is generated using AI for illustrative purposes only.

Bharat Forge has received a Buy rating from Jefferies with a target price of Rs 2150, reflecting the brokerage's confidence in the company's multi-faceted growth prospects across defense and industrial segments.

Key Growth Drivers

Jefferies has identified several factors supporting their positive recommendation on the stock:

Growth Factor Impact Area
Defense Capabilities Expansion Defense Segment Growth
Indian Government Domestic Procurement Focus Local Market Opportunities
US Truck Orders Rebound Industrial Segment Recovery
US Industrial Activity Revival Export Market Expansion

Defense Sector Opportunities

The expansion in defense capabilities positions the company to capitalize on the strong Indian government focus on domestic procurement. This strategic alignment with government policy initiatives creates significant opportunities for revenue growth in the defense segment.

Industrial Segment Recovery

The rebound in US truck orders and revival in US industrial activity are expected to provide substantial support to the company's industrial operations. These developments indicate a recovery in key export markets, which should contribute to improved financial performance.

Market Outlook

Jefferies' Buy rating with a target price of Rs 2150 reflects the brokerage's confidence in the company's ability to leverage both domestic defense opportunities and international industrial market recovery. The combination of defense capabilities expansion and industrial segment revival creates a balanced growth portfolio for the company.

Historical Stock Returns for Bharat Forge

1 Day5 Days1 Month6 Months1 Year5 Years
+3.41%+9.51%-3.41%+48.75%+85.47%+194.76%

How will potential changes in US-India trade relations affect Bharat Forge's dual exposure to American industrial markets and Indian defense procurement?

What specific defense contracts or programs is Bharat Forge likely targeting given the government's push for domestic manufacturing under Atmanirbhar Bharat?

Could a slowdown in the US trucking industry or supply chain disruptions impact the sustainability of the industrial segment recovery?

More News on Bharat Forge

1 Year Returns:+85.47%