Bharat Forge inform about outcome of board meeting
Pursuant to Regulation 30 of the Listing Regulations, Bharat Forge has informed that the Board of Directors of the company, at its meeting held on Thursday, April 9, 2026, reviewed and evaluated a proposal for the phased restructuring of the steel forging operations of Bharat Forge CDP GmbH (BF CDP), its wholly owned subsidiary located in Ennepetal, Germany. The proposal may include an orderly wind down and solvent liquidation of BF CDP, in accordance with applicable German laws. This is being considered in light of the market challenges and the associated cost disadvantages faced by BF CDP in Germany. To facilitate the proposed restructuring, the Board has approved a financing arrangement of up to 30 million euros.
The above information is a part of company’s filings submitted to BSE.
