Bharat Forge Limited has informed the Exchange about Incorporation
BHARATFORG · price
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Bharat Forge announced that its wholly-owned subsidiary, Kalyani Strategic Systems Limited (KSSL), has incorporated a new company called Agneyastra Energetics Limited on July 2, 2025. The new entity will focus on the defence sector, specifically manufacturing high energy explosives, ammunition high explosive filling (heavy and medium caliber), gun propellants, and rocket propellants. The authorized capital is Rs. 10 lakh and the paid-up capital is Rs. 1 lakh, fully subscribed in cash by KSSL (99.94% directly and 0.06% through nominees), making it a step-down subsidiary of Bharat Forge. The move is aimed at building end-to-end defence energetics capability and aligns with KSSL's strategic growth plans.
This is a small, early-stage step that strengthens Bharat Forge's defence business vertical through its KSSL arm. The financial impact is negligible at this stage given the tiny capital base, but it signals continued expansion in India's defence manufacturing space, which could be a positive long-term strategic move for shareholders.