Bharat Forge Limited has informed the Exchange regarding Change in Auditors of the company.
BHARATFORG · price
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Bharat Forge's Board approved audited results for Q4 and FY25 on May 8, 2025. Standalone FY25 revenue fell slightly to Rs. 88,437 crore from Rs. 89,686 crore a year ago, while standalone net profit dipped to Rs. 13,222 crore from Rs. 14,250 crore (EPS of Rs. 28.16 vs Rs. 30.60). Consolidated FY25 revenue was Rs. 1,51,228 crore and net profit was Rs. 9,133 crore, roughly flat versus last year. The company booked a large exceptional loss of Rs. 1,517 crore on impairment of its investment in Tork Motors (electric two-wheeler business), plus smaller write-downs at BF Elbit and Kalyani Powertrain. A final dividend of Rs. 6 per share (300% on face value of Rs. 2) has been recommended, with payment from August 12, 2025, subject to shareholder approval. Two independent directors, K.B.S. Anand and Sonia Singh, were re-appointed for a second five-year term, and M/s SVD and Associates were appointed as new Secretarial Auditors for five years. The 64th AGM is scheduled for August 7, 2025.
Revenue and standalone profits were slightly lower year-on-year, dragged down by a Rs. 1,517 crore impairment in the EV two-wheeler arm, though the dividend of Rs. 6 per share signals confidence in cash flows. Statutory auditors remain unchanged; only a new secretarial auditor was appointed, so this is a routine governance update rather than an auditor exit.