Bharat Forge Limited , a leading Indian multinational company, has encountered a legal setback in its ongoing dispute with the Pune Cantonment Board (PCB). The Pune District Court has recently confirmed an assessment order issued by the PCB against the company, potentially impacting its operations in the area.

Court Decision and Its Implications

The Pune District Court, in its order dated October 1, 2025, dismissed Bharat Forge's appeal challenging the Assessment Notice dated November 30, 2022, along with subsequent bills for the fiscal years 2023-24 and 2024-25. This decision effectively upholds the legality of the PCB's assessment notice, marking a significant development in the ongoing litigation.

Key Details of the Court Order

Company's Response and Future Actions

In response to this development, Bharat Forge has stated that it is exploring options to challenge the Pune District Court's order. The company emphasized that there is no immediate cash outflow resulting from this decision, as the demanded amount has already been discharged. Furthermore, Bharat Forge assured stakeholders that the court's decision does not impact its current operations or other activities.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bharat Forge promptly disclosed this information to the stock exchanges. The company's transparency in communicating these legal developments demonstrates its commitment to keeping shareholders and the market informed of significant events.

As the situation continues to evolve, investors and industry observers will be closely watching Bharat Forge's next steps in addressing this legal challenge and its potential long-term implications for the company's operations within the Pune Cantonment area.

Bharat Forge Limited , a leading Indian multinational company, has announced a strategic partnership with BEML Limited and Data Patterns (India) Limited to support the Advanced Medium Combat Aircraft (AMCA) project. This collaboration marks a significant step in the aerospace sector, bringing together three prominent players in the industry.

Tripartite Memorandum of Understanding

According to a regulatory filing, Bharat Forge has entered into a Tripartite Memorandum of Understanding (MoU) with BEML Limited and Data Patterns (India) Limited. The MoU was signed in Pune, formalizing the collaboration for the AMCA programme.

Participation in Expression of Interest

The partnership aims to participate in the Expression of Interest (EoI) floated by the Aeronautical Development Agency (ADA) for the AMCA project. This move demonstrates the companies' commitment to contributing to India's aerospace capabilities and potentially securing a significant role in this ambitious project.

Strategic Implications

The collaboration between Bharat Forge, BEML, and Data Patterns brings together diverse expertise:

• Bharat Forge: Known for its forging capabilities and expanding aerospace portfolio.
• BEML: A public sector undertaking with experience in defense and aerospace manufacturing.
• Data Patterns: Specializes in defense electronics and avionics.

This partnership could potentially leverage the strengths of each company to meet the complex requirements of the AMCA project, which is crucial for India's future air defense capabilities.

Company's Disclosure

Bharat Forge made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's proactive disclosure underscores the significance of this partnership in its strategic plans.

Trading Window Closure

In a separate announcement, Bharat Forge also informed about the closure of the trading window for designated persons until 48 hours after the declaration of the company's unaudited financial results for the quarter and half-year ending September 30. This standard practice ensures compliance with insider trading regulations.

The partnership for the AMCA project represents a notable development in India's aerospace sector, potentially impacting the future of combat aircraft manufacturing in the country. As the project progresses, it will be interesting to observe how this collaboration contributes to the advancement of India's aerospace capabilities.