Bharat Forge Limited has successfully completed its postal ballot voting process on April 24, 2026, securing overwhelming shareholder approval for the re-appointment of two key executive directors. The company conducted the voting exercise through remote e-voting only, in compliance with the Companies Act, 2013 and SEBI Listing Regulations.

Resolutions and Voting Results

The postal ballot covered two ordinary resolutions for director re-appointments:

Both resolutions received exceptional shareholder support, demonstrating strong confidence in the leadership team.

Detailed Voting Statistics

The voting results showed remarkable consensus among shareholders across all categories:

Resolution 1 - B.P. Kalyani Re-appointment

Resolution 2 - S.E. Tandale Re-appointment

Voting Process and Timeline

The company conducted the postal ballot exclusively through remote e-voting, with the following key details:

• E-voting Period: March 24, 2026 (09:00 AM IST) to April 22, 2026 (05:00 PM IST)
• Record Date: March 13, 2026
• Total Shareholders: 2,28,158
• E-voting Platform: National Securities Depository Limited (NSDL)

The voting process was conducted under the supervision of Ms. Ashwini Inamdar (FCS 9409, CP 11226) from M/s. Mehta & Mehta, Practicing Company Secretaries, who served as the scrutinizer to ensure fairness and transparency.

Regulatory Compliance and Documentation

Bharat Forge Limited has fulfilled all regulatory requirements under Regulation 44 of the SEBI Listing Regulations. The detailed voting results and scrutinizer's report have been made available on multiple platforms:

• Company website: www.bharatforge.com/investors/shareholders-information/agm-postal-ballot-voting-results
• NSDL e-voting portal: www.evoting.nsdl.com
• Stock exchange websites: www.bse.com and www.nseindia.com

The successful completion of this postal ballot reinforces shareholder confidence in the company's leadership and governance practices, with both directors receiving mandate renewals through an overwhelming majority vote.

Bharat Forge Limited announced that its wholly-owned subsidiary, BF Industrial Solutions Limited (BFISL), has entered into Securities Subscription Agreement and Shareholders Agreement with RS Aerostructures Limited on April 17, 2026. Under the terms of these definitive transaction agreements, BFISL will subscribe to equity shares resulting in the acquisition of a 90% stake in RS Aerostructures on a fully diluted basis.

The acquisition will be executed through cash consideration not exceeding Rs. 36 Million. RS Aerostructures Limited is an entity situated in Bangalore and engaged in the aerospace structural assembly business. The company was incorporated on January 14, 2026, and currently has no revenue with a net worth of Rs. 7,000 only.

Transaction Details

Strategic Rationale

RS Aerostructures is not a related party of Bharat Forge Limited, and the acquisition will be conducted at fair value as assessed by an independent valuer. None of the company's promoter, promoter group, or group companies have any interest in the proposed investments. The strategic acquisition will enable Bharat Forge to expand its aerospace product portfolio, customer base, and manufacturing presence in South India by leveraging RS Aerostructures' specialized expertise in assembling and maintaining aerostructures and components for aircraft and other aerospace vehicles.

Post completion of the acquisition, RS Aerostructures will become a subsidiary of BFISL and a step-down subsidiary of Bharat Forge Limited. The company specializes in riveting structures, assemblies, and sub-assemblies for aerospace usage, aligning with Bharat Forge's objective to drive aerospace business initiatives.