Bharat Forge Limited has informed the Exchange regarding Appointment of Mr Ashish Bharat Ram as Non- Executive Director of the company w.e.f. September 01, 2026.
BHARATFORG · price
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Bharat Forge Limited reported audited standalone revenue of Rs. 108,926 million and consolidated revenue of Rs. 168,117 million for FY2026. The Board recommended a final dividend of Rs. 6.50 per share (325%) for shareholder approval at the August 2026 AGM. Exceptional items included Rs. 4,996.50 million impairment charge for investment in Kalyani Powertrain Limited (EV business subsidiary) and Rs. 425.64 million restructuring costs for German subsidiary BF CDP. The Board re-appointed Mr. Ashish Bharat Ram as Non-Executive Non-Independent Director for 5 years starting September 1, 2026, subject to shareholder approval.
Strong revenue growth year-on-year. However, significant one-time impairment charges and restructuring costs in EV and German operations may create near-term volatility. Dividend recommendation maintains shareholder returns. Director re-appointment provides board continuity.