500493 Q3 2026 Earings Calendar

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B H A R A T F O R G E CIN L25209PN1961PLC012046 BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com February 12, 2026 To BSE Limited Corporate Relations Department Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai 400 001 Maharashtra, India Scrip Code: 500493 National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (East) Mumbai 400 051, Maharashtra, India Symbol: BHARATFORG Sub.: Outcome of the Board Meeting held on February 12, 2026 Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir / Madam, This is to inform you that the Board of Directors of the Company, in its Meeting held on Thursday, February 12, 2026, have discussed and approved the following: 1. Statement of Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2025, along with the ‘Limited Review Report’ issued by BSR & Co. LLP, Statutory Auditors of the Company, a copy of which is enclosed herewith as Annexure 1. 2. Declared an interim dividend of Rs. 2/- (Rupees Two only) per equity share of the face value of Rs. 2 each of the Company (at the rate of 100%). The interim dividend shall be paid on or before Thursday, March 12, 2026, to the equity shareholders of the Company, whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, February 18, 2026, which is the Record Date fixed for the purpose. 3. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company have approved the re-appointment of Mr. B. P. Kalyani (DIN: 00267202) and Mr. S. E. Tandale (DIN: 00266833) as Whole-Time Directors, designated as Executive Directors of the Company for a further period of 5 (Five) years with effect from May 23, 2026 to May 22, 2031, subject to approval of members of the Company via Ordinary Resolution vide Postal Ballot exercise which will be undertaken by the Company. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 (“Disclosure Circular”) along with the Brief Profile of the appointees is enclosed herewith as Annexure – 2. 4. Noting of cessation of Mr. Sumeet Banga, President and CEO – Industrial business - as Senior Management Personnel w.e.f. February 12, 2026. The details as required under Regulation 30 of the Listing Regulations read with Disclosure Circular is enclosed herewith as Annexure – 3. 5. Approved the merger of Ferrovia Transrail Solutions Private Limited (“FTSPL”) (“Transferor”), a step-down wholly owned subsidiary of the Company with BF

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B H A R A T F O R G E CIN L25209PN1961PLC012046 BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com Infrastructure Limited (“BFIL”), a wholly owned subsidiary of the Company and holding company of FTSPL. The details as required under Regulation 30 of the Listing Regulations read with Disclosure Circular is enclosed herewith as Annexure – 4. The Board Meeting commenced at 11.00 A.M. and concluded at 12.55 P.M. Kindly take the same on record. Thanking you, Yours faithfully, For Bharat Forge Limited Tejaswini Chaudhari Company Secretary and Compliance Officer Membership No.: A18907

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~ BHARAT FORGE LIMITED Regd. Office : Mundhwa, Pune Cantonment, Pune 411 036, BHARAT FORGE Maharashtra, India. KALYANI CIN:L25209PN1961PLC012046 Ph. No. : 91-20-6704 2777 / 2476, Fax No. : 91-20-2682 2163 Email: secretarial@bharatforge.com; Website: www.bharatforge.com STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025 (" in Million) Quarter ended Nine months ended Year ended Sr. No. Particulars December 31, September 30, December 31, December 31, December 31, March 31, 2025 2025 2024 2025 2024 2025 (Unaudited) (Unaudited! (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income a) Revenue from operations 20,836.60 19,468.62 20,959.39 61,352.29 66,807.01 88,437.30 b) Other income 273.16 464.64 313.87 1,159.73 1,107.77 1,588.53 Total income (a+b) 21,109.76 19,933.26 21,273.26 62,512.02 67,914.78 90,025.83 2 Expenses a) Cost of raw materials and components consumed 8,050.21 8,102.85 8,301.58 25,258.50 26,895.40 35,911.27 b) Changes in inventories of finished goods, work-in-progress, dies and scrap 35.37 (1,050.24) 99.18 (1,963.99) 450.26 10.39 c) Employee benefits expense 1,707.54 1,673.52 1,583.43 5,077.46 4,826.77 6,366.06 d) Finance costs 414.40 482.86 573.12 1,419.62 1,910.02 2,498.14 e) Depreciation and amortisation expenses 1,119.91 1,111.95 1,103.86 3,356.41 3,281.55 4,403.69 f) Other expenses 5,379.29 5,231.96 4,876.83 16,087.87 15,767.29 21,115.50 Total expenses (a to f) 16,706.72 15,552.90 16,538.00 49,235.87 53,131.29 70,305.05 3 Profit before exceptional items and tax (1-2) 4,403.04 4,380.36 4,735.26 13,276.15 14,783.49 19,720.78 4 Exceptional items (loss) (see note 3 & 4) (487.26) (78.95) (9.17) (566.21) (1,330.45) (1,533.14) 5 Profit before tax (3+4) 3,915.78 4,301.41 4,726.09 12,709.94 13,453.04 18,187.64 6 Income tax expense a) Current tax 1,159.90 1,270.90 1,333.90 3,582.10 3,858.22 5,122.06 b) Deferred tax (124.53) (68.85) (68.21) (237.14) (171.44) (156.93) Income tax expense 1,035.37 1,202.05 1,265.69 3,344.96 3,686.78 4,965.13 7 Profit for the period/year (5-6) 2,880.41 3,099.36 3,460.40 9,364.98 9,766.26 13,222.51 8 Other comprehensive income a) Other comprehensive income/(loss) not to be reclassified to profit and loss in subsequent period 81.97 (144.68) (120.58) (77.66) (109.66) (493.45) -Tax effect (10.29) 22.11 16.70 15.39 (39.91) 35.79 b) Other comprehensive (loss) to be reclassified to profit and loss in subsequent period (158.16) (1,836.07) (207.55) (3,541.35) (1,114.27) (1,050.03) - Tax effect 39.81 462.10 52.24 891.29 280.44 264.27 Other comprehensive (loss) (Net of tax) (46.67) (1,496.54) (259.19) (2,712.33) (983.40) (1,243.42) 9 Total comprehensive income (7+8) 2,833.74 1,602.82 3,201.21 6,652.65 8,782.86 11,979.09 10 Earnings per share - Basic and diluted (in ") (not annualised) 6.03 6.48 7.38 19.59 20.93 28.16 11 Equity share capital (Face value" 2/- each) 956.27 956.27 956.27 956.27 956.27 956.27 12 Other equity 108,686.42 MAKING IN INDIA FOR THE WORLD ~ 1 _·_ i: .. .........____ ~ •i,i ~ ....... M A ~ -l-o

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,. BHARAT FORGE LIMITED ~ Regd. Office : Mundhwa, Pune Cantonment, Pune 411 036, BHARAT FORGE Maharashtra, India. KALYAN I CIN:L25209PN1961PLC012046 Ph. No. : 91-20-6704 2777 / 2476, Fax No. : 91-20-2682 2163 Email : secretarial@bharatforge.com; Website : www.bharatforge.com STATEMENT OF UNAUOITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025 (" in Million) Quarter ended Nine months ended Year ended Sr. December 31, September 30, December 31, December 31, December 31, March 31, No. Particulars 2025 2025 2024 2025 2024 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income a) Revenue from operations 43,429.34 40,319.27 34,755.45 122,836.10 112,701.99 151,228.03 b) Other income 424.79 535.13 383.66 1,457.15 1,516.60 2,137.64 Total income (a + b) 43,854.13 40,854.40 35,139.11 124,293.25 114,218.59 153,365.67 2 Expenses a) Cost of raw materials and components consumed 18,417.86 19,473.76 14,386.74 55,061.23 48,044.11 64,396.23 b) Purchase of stock in trade 193.35 220.17 75.70 558.52 1,639.19 2,318.22 c) Changes in inventories of finished goods, work-in-progress, stock in trade, dies and scrap 1,130.94 (2,019.54) 235.67 (1,241.47) (974.09) (771.05) d) Employee benefits expense 5,345.60 5,205.70 4,361.50 15,688.03 14,021.24 18,698.95 e) Finance costs 766.38 800.85 959.62 2,389.45 3,294.88 4,174.93 f) Depreciation and amortisation expenses 2,488.45 2,408.87 2,182.49 7,158.30 6,498.64 8,736.19 g) Other expenses 10,842.55 10,182.65 9,452.00 31,285.18 29,845.37 39,646.23 Total expenses (a tog) 39,185.13 36,272.46 31,653.72 110,899.24 102,369.34 137,199.70 3 Profit before share of (loss) of associates, joint ventures, exceptional items and tax (1-2) 4,669.00 4,581.94 3,485.39 13,394.01 11,849.25 16,165.97 4 Share of (loss) of associates and joint ventures (37.99) (9.94) (12.07) (80.63) (6.60) (24.52) Income tax expense 1.69 3.69 3.28 5.86 7.75 12.55 Share of (loss) of associates and joint ventures after tax (39.68) (13.63) (15.35) (86.49) (14.35) (37.07) 5 Profit before exceptional items and tax (3+4) 4,629.32 4,568.31 3,470.04 13,307.52 11,834.90 16,128.90 6 Exceptional items (loss) (see note 3 & 4) (557.15) (557.15) (1,517.65) (1,570.65) 7 Profit before tax (5+6) 4,072.17 4,568.31 3,470.04 12,750.37 10,317.25 14,558.25 8 Income tax expense a) Current tax 1,409.82 1,489.62 1,401.04 4,240.07 4,245.56 5,848.54 b) Deferred tax (65.67) 85.91 (58.80) (49.20) (234.82) (423.04) Income tax expense (a + b) 1,344.15 1,575.53 1,342.24 4,190.87 4,010.74 5,425.50 9 Profit for the period/year (7-8) 2,728.02 2,992.78 2,127.80 8,559.50 6,306.51 9,132.75 10 Other comprehensive income a) Other comprehensive income/(loss) not to be reclassified to profit and loss in subsequent period 191.20 (159.95) (191.83) 15.42 87.68 (237.07) - Tax effect (40.34) 22.34 36.73 (14.21) (18.57) 41.24 b) Other comprehensive (loss) to be reclassified to profit and loss in subsequent period 101.10 (1,213.50) 52.84 (2,528.21) (782.23) (627.76) -Tax effect 32.41 474.83 42.62 921.02 281.11 267.78 Other comprehensive income/(loss) (Net of tax) 284.37 (876.28) (59.64) (1,605.98) (432.01) (555.81) 11 Total comprehensive income (9+10) 3,012.39 2,116.50 2,068.16 6,953.52 5,874.50 8,576.94 12 Total comprehensive income/ (loss) above attributable to: - Owners of the parent 2,926.51 2,115.75 2,067.99 6,864.98 6,159.55 8,855.72 - Non-controlling interest 85.88 0.75 0.17 88.54 (285.05) (278.78) 13 Of the total comprehensive income/(loss) above, profit/(loss) for the period/year attributable to: - Owners of the parent 2,642.14 2,991.99 2,127.63 8,470.96 6,591.56 9,411.53 - Non-controlling interest 85.88 0.79 0.17 88.54 (285.05) (278.78) 14 Of the total comprehensive income/(loss) above, Other comprehensive income/(loss) for the period/year attributable to: - Owners of the parent 284.37 (876.24) (59.64) (1,605.98) (432.01) (555.81) - Non-controlling interest (0.04) 15 Earnings per share - Basic and diluted (in" ) (not annualised) 5.53 6.26 4.54 17.72 14.13 20.05 16 Equity share capital (Face value" 2/- each) 956.27 956.27 956.27 956.27 956.27 956.27 17 Other equity 91,577.07

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'- BHARAT FORGE LIMITED Regd. Office : Mundhwa, Pune Cantonment, Pune 411 036, BHARAT FORGE ~ Maharashtra, India. K.o.LYANI CIN: L25209PN1961PLC012046 Ph. No. : 91-20-6704 2777 / 2476, Fa• No, : 91-20-26B2 2163 Email : secretarial@bharatforge.com, Website : www.bharatforge.com STATEMENT OF UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025 NO"fES TO FINANCIAL RESULTS (Contd.): 1 Consolidated segment wise revenue, results and capital employed as at and for the quarter and nine months ended December 31, 2025 The Group's business is divided into three reporting segments which comprises of "Forgings", "Defence" and "Others", which represents the Group's businesses not covered in Forgings and Defence segment. The "Forgings" segment produces and sells forged products comprising of forgings and machined components for automotive and industrial sectors, the "Defence" segment produces and sells products which have an application in defence related activities. Forged components used in Defence related activities are included as a part of the Forgings segment. "Others " primarily includes various initiatives which the Group is carrying out other than forging and defence related activities. The Chief Operating Decision Maker monitors the operating results of the business units separately for the purpose of making decisions about resource allocation and performance assessment based on an analysis of various performance indicators. Consolidated Segment Revenue and Results (~ in Million) Quarter ended Nine months ended Year ended Sr. December 31, September 30, December 31, December 31, December 31, March 31, No. Particulars 2025 2025 2024 2025 2024 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment revenue Revenues from external customers a Forgings 33,670.90 33,555.34 30,606.25 102,805.91 95,249.99 129,612.33 b Defence 6,819.98 3,945.11 3,370.07 13,409.16 14,876.39 17,719.86 C Others 5,700.59 5,877.61 2,202.44 14,368.62 6,668.75 9,519.96 46,191.47 43,378.06 36,178.76 130,583.69 116,795.13 156,852.15 Less: Inter-segment revenue 2,762.13 3,058.79 1,423.31 7,747.59 4,093.14 5,624.12 Revenue from operations 43,429.34 40,319.27 34,755.45 122,836.10 112,701.99 151,228.03 2 Segment results a Forgings 4,797.98 5,120.43 4,401.02 14,486.11 13,818.41 18,561.18 b Defence 451.52 122.64 288.01 612.84 1,776.59 1,864.23 C Others 200.86 371.81 46.74 944.04 177.70 393.07 Total segment profit before interest, tax and exceptional 5,450.36 5,614.88 4,735.77 16,042.99 15,772,70 20,818.48 items from each reportable segment Less: Finance cost 766.38 800.85 959.62 2,389.45 3,294.88 4,174.93 Less: Unallocable expenditure (net) 54.66 245.72 306.11 346.02 642.92 514.65 Total profit before tax and exceptional items 4,629.32 4,568.31 3,470.04 13,307.52 11,834.90 16,128.90 Add: Exceptional items (loss) a Forgings (491.26) (491.26) b Defence (43.77) (43.77) (53.00) C Others (22.12) (22.12) (1,517.65) (1,517.65) (557.15) (557.15) (1,517.65) (1,570.65) Profit before tax 4,072.17 4,568.31 3,470.04 12,750.37 10,317.25 14,558.25 Statement of Consolidated Segment Assets, Liabilities and Capital Employed as at (~ in Million) Sr. Particulars December 31, September 30, December 31, March 31, No, 2025 2025 2024 2025 (Unaudited) (Unaudited) (Unaudited) (Audited) 3 Segment assets a Forgings 139,867.14 140,675.23 126,382, 72 132,272.19 b Defence 20,606.83 17,705.90 16,985.45 17,218.40 C Others 23,119.89 23,377.86 12,050.49 12,588.42 d Unallocable assets including unutilised funds 28,446.01 30,917.99 42,721.20 42,209.50 Total 212,039.87 212,676.98 198,139.86 204,288.51 (Less): Inter-segment assets 5,391.54 5,400.26 2,754, 76 3,405.30 Total assets 206,648.33 207,276.72 195,385.10 200,883.21 4 Segment liabilities a Forgings 27,185.26 29,172.54 26,718.09 28,754.17 b Defence 12,307.77 11,115.41 6,945.21 9,250.24 C Others 5,724.71 5,735.42 2,932.84 2,949.79 d Unallocable 2,849.65 3,896.94 2,937.12 3,941.33 Total 48,067.39 49,920.31 39,533.26 44,895.53 (Less): Inter-segment liabilities 5,391.54 5,400.26 2,754.76 3,405.30 Total liabilities• 42,675.85 44,520.05 36,778.50 41,490.23 Net capital employed 163,972.48 162,756.67 158,606.60 159,392.98 . Total liabilities exclude Borrowings, Lease liabilities and Derivative liabilities and the same are considered as a part of Net capital employed.

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~ ~ KA LYA N I BHARAT FORGE LIMITEO Regd. Offi ce: Mundhwa, Pune Cantonment, Pune 411 036, Maharashtra, India. CIN:L2S209PN1961PLC012046 Ph. No.: 91-20•6704 2777 / 2476, Fax No. : 91-20-2682 2163 Email : secretarial@bharatforge.com; Website : www.bharatforge.com BHARAT FORGE STATEM ENT OF UNAUDITEO STANDALONE AND CDNSOLIDATEO FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDEO DECEM BER 31, 202S NOTES TO FINANCIAL RESULTS (Contd.): The above results have been reviewed by the Audit Committ ee and approved by the Board of Directors of the Company at their respective meetings held on February 12, 2026. Exceptional items for the current period include : On No vember 21, 2025, the Government of lndia nonf ted the provisions of four Labour Codes ("l abour Codes") - Code on Wages 2019, the Industrial Relations Code 2020, the Code on Social Security 2020, and the Occupational Safety, Health and Working Conditions Code 2020 thereby consolidating twenty-nine existing labour laws into a comprehensive and unified framew ork. The Group has evaluated the impact of these changes and certain plan ammendments using the best information available and guidance provided by the Institute of Chartered Accountants of India and accordingly accounted for the increase m gratuity habrlitv att ributable to past service costs and increase m leave nabihtv, aggregating to ~ 487.26 million In the standalone financial results ano e 557.15 million m the consolidated financial results of the Group as an exceptional item for the quarter and nine months ended December 31, 2025 . The Group continues to monitor the developments pertaining to the Labour Codes and will evaluate the impact, 1f any, on the measurement of the employee benefits hability. Kalyani Powertrain li mited ("KPTL"), a wholly owned subsidiary of the Company, is engaged in the electric mobility business. Considering the weak business scenario and its adverse impact on KPTL, a provision for impairment of investment in KPTL of 't: 492.50 million has been recorded in the standalone financial results for the quarter ended September 30, 2025 and the nine months ended Decem ber 31, 2025. This has no impact on consolidated financial results of the Group. iii During the quarter ended June 30, 2025, the Board of Directors of the Company had approved the transfer of identified assets and liabilities of the Defence Business of the Company to Kalyani Strategic System s li mited ("KSSL"), a wholly owned subsidiary of the Company, as a part of an internal restructuring exercise. During the quarter ended September 30, 2025, the Company had completed the transfer to KSSL and recorded a net gain of 't: 413.55 million. This transaction does not have an impact on consolidated financial results of the Group. 4 Except ional items pert aining to comparative financial results accounted for in earlier periods: 1 A provision of " 10.10 million towards impairment of investment and 't: 192.59 million towards impairment in the carrying cost of loan (including accrued interest) to BF Elbit Advanced Systems Private li mited in Standalone Financial results for the year ended March 31, 2025. This had no impact on consolidated financial results of the Group. A provision of 't: 1,456.63 million towards impairment of investment in Kalyani Powertrain li mited ("KPTL") in Standalone financial results for the nine months ended December 31, 2024 and year ended March 31, 2025 and provision of 't: 1,517.65 million towards impairment in Consolidated financial results for the nine months ended December 31, 2024 and year ended March 31, 2025. Loss of 't: 9.17 million on the transfer of investment in TMJ Electric Vehicles li mited to Bharat Forge International limited in standalone financial results for the quarter and nine months ended December 31, 2024 and the year ended March 31, 2025. This had no impact on consolidated financial results of the Group. iv Profit ot e 135.36 million on transfer of investment in REFU Drive GmbH to Kalyani Powertrain limited ("KPTL") in standalone financial results for the nine months ended December 31, 2024 and the year ended March 31, 2025. This had no impact on consolidated financial results of the Group. The Group had recognised impairment of goodwill related to embedded systems business, acquired by Kalyani Strategic Systems li mited, amounting to 't: 53.00 million in the consolidated financial results for the year ended March 31, 202S. On January 13, 2023, the Company declared a Voluntary Retirement Scheme (VRS) for its employees at the Mundhwa Plant, which has been extended up to March 31, 2026. 6 BF Industrial Solutions li mited ("BFISL"), a wholly owned subsidiary of the Company and J S Auto Cast Foundry India Private limited ("JS Auto"), a step-down wholly owned subsidiary of the Company, entered into a Securities Subscription Agreement (SSA) and Shareholders Agreement (SHA) ("Definitive Transaction Agreement") with Pl Opportunities Fund I Scheme II ("Investor") on February 2, 2026, resulting in the Investor agreeing to acquire a 23% stake in JS Auto on a fully diluted basis at a consideration of around e 3,000.00 million subject to the terms and conditions mentioned in the Definitive Transaction Agreement. During the quarter and nine months ended December 31, 2024; the Company issued 12,500,000 equity shares of face value of 't: 2 each through Qualified Institutional Placement ("QIP") at an issue price of 1' 1,320/ - per share (including a securities premium of 1' 1,318/ - per share), aggregating" 16,500.00 million. During the current period the unspent amount of" 5,500.39 million has been utilised for the acquisition of AAM India Manufacturing Corporation Private li mited ("AAMIMCPL"). The equity shares issued as a result of QIP have been considered in calculating earnings per share (EPS) for the quarter and nine months ended December 31, 2024, year ended March 31, 2025, quarter ended September 30, 2025 and for the quarter and nine months ended December 31, 2025. The entire proceeds of QIP had been utilised as on September 30, 2025. 8 The Company acquired AAM India Manufacturing Corporation Private limited ("AAMIMCPL") (subsequently renamed as K Drive Mobility Solutions Private li mited) on July 1, 2025 for a consideration of Rs. 7,474.16 million. The Company has calculated the fair value of the acquired assets and liabilities on a provisional basis in accordance with Ind AS 103 Business Combinations, resulting in goodwill of 't: 1,224.28 million. 9 The Board of Directors at its meeting held on February 12, 2026 has recommended an interim dividend ot e 2 per equity share of ~ 2 (100%).

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~ ~ KALY AHI BHARAT FORGE LIMITED Regd. Office: Mundhwa, Pune Cantonment, Pune 411 036, Maharashtra, India. CIN:L25209PN1961PLC012046 Ph. No. : 91-20-6704 2777 / 2476, Fax No. : 91-20-2682 2163 Email: secretarial@bharatforge.com, Website: www.bharatforge.com STATEMENT OF UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025 BHARAT FORGE NOTES -ro FINANCIAL RESULTS (Contd.): 10 The consolidated financial results include results of all the subsidiaries, associates and joint ventures of Bharat Forge Limited and their step down subsidiaries, joint ventures and associates. The names, country of incorporation or residence and proportion of ownership interests are as under: Name of the company A Subsidiaries : - Bharat Forge Global Holding GmbH and its wholly owned subsidiaries 1. Bharat Forge CDP GmbH and its wholly owned subsidiary - Bharat Forge Daun GmbH ii. Bharat Forge Holding GmbH and its wholly owned subsidiary - Bharat Forge Aluminiumtechnik GmbH iii. Mecanique Generale Langroise iv. Bharat Forge Kilsta AB - Bharat Forge International Limited - Bharat Forge America Inc. and its wholly owned subsidiaries i. Bharat Forge PMT Technologie LLC ii. Bharat Forge Tennessee INC. iii. Bharat Forge Aluminium USA, INC. - Indigenous IL Limited @@ - BF Infrastructure Limited and its subsidiaries i. BFIL-CEC JV ii Ferrovia Transrail Solutions Private Limited - Kalyani Strategic Systems Limited and its subsidiaries i. Kalyani Rafael Advanced Systems Private Limited ii. Kalyani Strategic Systems Australia Pty Limited# iii. Sagar Manas Technologies Limited iv. Zorya Mashproekt India Private Limited v. Agneyastra Energetics Limited (w.e.f. July 2,2025) vi. Aegis Advanced Systems SL (w.e.f. July 17,2025) - BF Elbit Advanced Systems Private Limited - Eternus Performance Materials Private Limited - Kalyani Centre for Precision Technology Limited - Kalyani Powertrain Limited and its subsidiaries i. Kalyani Mobility INC ii. Tork Motors Private Limited and its wholly owned subsidiary .. - Lycan Electric Private Limited iii. Electroforge Limited - BF Industrial Solutions Limited and its wholly owned subsidiaries i. BF Industrial Technology and Solutions Limited and its wholly owned subsidiary - Sanghvi Europe B.V. ii. JS Auto Cast Foundry India Private Limited - Kalyani Lightweighting Technology Solutions Limited - K Drive Mobility Solutions Private Limited ( formerly AAM India Manufacturing Corporation 'Limited) (w.e.f. July 1,2025) B Associates: - Talbahn GmbH (not material for consolidation) - Aeron Systems Private Limited - Avaada MHVidarbha Private Limited - Edgelab S.p.A. (w.e.f. December 18, 2024)* C Joint Venture Companies: - BF-NTPC Energy Systems Limited (not consolidated)" - Refu Drive GmbH (Refer note 3) i. Refu Drive India Pvt. Ltd.$ Country of Parent's ultimate incorporation holding as on December 31, 2025 Germany 100% Germany 100%@ Germany 100%@ Germany 100%@ Germany 100%@ France 100%@ Sweden 100%@ U.K. 100% U.S.A. 100% U.S.A. 100%@ U.S.A. 100%@ U.S.A. 100%@ Israel Not Applicable India 100% India 74%@ India 100%@ India 100% India 50%@ Australia NA India 51%@ India 64.94%@ India 100% Spain 90% India 51% India 51% India 100% India 100% U.S.A. 100%@ India 64.29%@ India 64.29%@ India 100%@ India 100% India 100%@ Netherlands 100%@ India 100%@ India 100% India 100% Germany 33.33%@ India 37.14%@ India 26.00% Italy 25%@ India Sl % Germany 50%@ India 50%@ @ held through subsidiary, associate or Joint venture $ 100% subsidiary of associates or joint venture " Under liquidation @@ Deregistrated on May 06, 2025. # Deregistered with effect from May 26, 2024. • An associate is consolidated with a one quarter lag. **Admitt ed to insolvency pursuant to the order dated October 31, 2025 of the National Company Law Tribunal. In case wholly owned subsidiaries, to comply with the minimum number of members requirement under the Companies Act 2013, nominal number of shares are held by @tµIUYl!I!!,/ Ult l!LlUI !,.

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~ BHARAT FORGE LIMITED Regd. Off ice: Mundhwa, Pune Cantonment, Pune 411 036, BHARAT FORGE ~ Maharashtra, India. KA L YAN I CIN:L25209PN1961PLC012046 Ph. No. : 91-20-6704 2777 / 2476, Fax No. : 91-20-2682 2163 Email : secretarial@bharatforge.com; Website: www.bharatforge.com STATEM ENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEM BER 31, 2025 NOTES TO FINANCIAL RESULTS (Contd.): 11. Additional Information pursuant to regulation 52(4) and regulation 54(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulat ion, 2015, as amended for the quarter and nine months ended December 31, 2025 for standalone unaudited results. Quarter ended Nine Months ended Year ended December 31, September 30, December 31, December 31, December 31, March 31, Sr. No. Particulars 2025 2025 2024 2025 2024 2025 (Unaudited) (Unaudited} (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Operating Margin(%) {not annualised) 27.18% 28.30% 29.10% 27.S3% 28.24% 28.31% Operating profit/ Revenue from operations 2 Net Profit Margin (%) (not annualised} 13.82% lS.92% 16.51% 15.26% 14.62% 14.95% Profit for the period / Revenue from operations 3 Interest Service Coverage Ratio (in times) (not annualised) 14.02 11.99 10.81 12.27 10.09 10.24 EBITOA/ Finance cost for the period 4 Debt Service Coverage Ratio (in times) 2.58 1.51 7.50 1.84 2.49 2.99 Earning available for debt service/ (Finance cost+ Scheduled principal repayment of long term borrowings during the period) 5 Bad Debts to Account Receivable Ratio (not annualised) 0.00 0.00 0.00 0.00 0.00 0.00 Bad debts writt en off / Average trade receivable I"] 6 Debtors Turnover Ratio (in times) (not annualised) 0.57 0.S2 0.56 1.63 1.79 2.37 Revenue from operations /Average trade receivable 7 Inventory Turnover (in times) (not annualised) 0.51 0.44 0.59 1.48 1.98 2.50 Cost of raw materials and components consumed+ Changes in inventories of finished goods, work in Progress, Dies and Scrap / Average inventory 8 Debt Equity Ratio (in times) 0.27 0.30 0.38 0.27 0.38 0.36 Total Debt / Shareholders Equity 9 Current Ratio (in times) 1.53 1.44 1.54 1.53 1.54 1.S8 Current assets/ Current liabilities 10 Current Liability Ratio {in times) 0.79 0.80 0.81 0.79 0.81 0.82 Current liabilities/ Total liabilities 11 Total Debt to Total Assets (in times) 0.18 0.20 0.24 0.18 0.24 0.23 Total debt /Total assets 12 Long Term Debt to Working Capital (in times) 0.28 0.35 0.38 0.28 0.38 0.36 Non current borrowings (including current maturities of long term loans / {Current assets - Current liabilities excluding current maturities of long term loans) 13 Net Wort h (~ million) 112,470.63 110,593.07 106,449.89 112,470.63 106,449.89 106,774.16 14 Debenture Redemption Reserve N.A. N.A. N.A. N.A. N.A. N.A. Definitions a Operating Profit = Profit befo re tax+ Depreciation and amortisation expenses+ Finance costs - Other income+ Exceptional items b EBITDA = Profit before tax+ Depreciation and amortisation expenses+ Finance costs - Income from investments+ Exceptional items C Earning available for debt service- Profit for the period/ year+ Depreciation and Amortisation expenses+ Finance Costs+ Exceptional items+ {Gain)/ Loss on sale of Property, plant and equipment (net) d Average trade receivable = (Opening trade receivable+ Closing trade receivable)/ 2 e Average inventory:: (Opening inventory+ Closing inventory)/ 2 f Total debt > Current and Non-current borrowings g Shareholders equity= Equity share capital+ Other equity h Net worth e Equity share capital+ Other equity- Proposed dividend (*) amount below rounding off norms

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~ BHARAT FORGE LIMITED Regd. OHice : Mundhwa, Pune Cantonment, Pune 411036, BHARAT FORGE ~ Maharashtra, India. KA LYA.HI CIN:L25209PN1961PLC012046 Ph. No. : 91-20-6704 2777 / 2476, Fax No.: 91-20-2682 2163 Email: secretarial@bharatforge.com; Website: www.bharatforge.com STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025 NOTES TO FINANCIAL RESULTS (Contd.): 12. Additional Information pursuant to regulation 52(4) and regulation 54(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended for the quarter and nine months ended December 31, 2025 for consolidated unaudited results. Quarter ended Nine Months ended Year ended Sr. No. Particulars December 31, September 30, December 31, December 31, December 31, March 31, 2025 2025 2024 2025 2024 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Operating Margin(%) (not annualised) 17.18% 17.96% 17.92% 17.42% 17.85% 17.79% Operating profit/ Revenue from operations 2 Net Profit Margin (%) {not annualised) 6.28% 7.42% 6.12% 6.97% 5.60% 6.04% Profit for the period/ Revenue from operations 3 Interest Service Coverage Ratio (in times) {not annualised) 8.67 8.28 6.03 8.13 5.84 6.18 EBITDA/ Finance cost for the period 4 Debt Service Coverage Ratio (in times) 2.27 1.67 0.52 1.87 0.89 1.02 Earning available for debt service/ (Finance cost+ Scheduled principal repayment of long term borrowings during the period) 5 Bad Debts to Account Receivable Ratio (not annualised) 0.00 0.00 0.00 0.00 0.00 0.00 Bad debts written off /Average trade recelvable I") 6 Debtors Turnover Ratio (in times) (not annualised) 1.35 1.31 1.32 3.92 3.99 4.97 Revenue from operations /Average trade receivable 7 Inventory Turnover (in times) (not annualised) 0.50 0.46 0.42 1.44 1.44 1.94 Cost of raw materials and components consumed+ Changes in inventories of finished goods, stock in trade,work in Progress, Dies and Scrap /Average inventory 8 Debt Equity Ratio (in times) 0.62 0.66 0.70 0.62 0.70 0.68 Total debt /Shareholders equity 9 Current Ratio (in times) 1.13 1.10 1.17 1.13 1.17 1.18 Current assets/ Current liabilities 10 Current li ability Ratio (in times) 0.80 0.80 0.78 0.80 0.78 0.80 Current liabilities/T otal liabilities 11 Total Debt to Total Assets (in times) 0.29 0.30 0.32 0.29 0.32 0.31 Total debt /Total assets 12 Long Term Debt to Working Capital (in times) 1.05 1.27 0.99 1.05 0.99 0.90 Non current borrowings (lncludlng current maturities of long term loans / (Current assets . Current liabilities excluding current maturities of long term loans) 13 Net Worth (lit' million) 95,574.31 93,602.84 89,840.15 95,574.31 89,840.15 89,664.81 14 Debenture Redemption Reserve N.A. N.A. N.A. N.A. N.A. N.A. Definitions a Operating Profit = Profit before tax+ Depreciation and amortisation expenses+ Finance costs - Other income + Exceptional items b EBITDA = Profit before tax+ Depreciation and amortisation expenses+ Finance costs - Income from investments+ Exceptional items C Earning available for debt service= Profit for the period/year+ Depreciation and amortisation expenses+ Finance Costs+ Exceptional items+ (Gain)/ Loss on sale of Property, plant and equipment (net) d Average trade receivable= (Opening trade receivable+ Closing trade receivable)/2 e Average inventory = (Opening inventory + Closing inventory)/ 2 f Total debt = Current and Non-current borrowings g Shareholders equity= Equity share capital+ Other equity h Net worth = Equity share capital+ Other equity- Proposed dividend (•) amount below rounding off norms For B:~ IT - Place: Pune (B.N. KALVANI) Dated : February 12, 2026 CHAIRMAN AND MANAGING DIRECTOR DIN:00089380

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BS R & Co. LLP Chartered Accountants 8th floor, Business Plaza Westin Hotel Campus 36/3-B, Koregaon Park Annex Mundhwa Road, Ghorpadi Pune - 411 001, India Telephone: +91 (20) 6747 7300 Fax +91 (20) 6747 7100 Limited Review Report on unaudited standalone financial results of Bharat Forge Limited for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Bharat Forge Limited We have reviewed the accompanying Statement of unaudited standalone financial results of Bharat Forge Limited (hereinafter referred to as "the Company") for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025. ("the Statement"). 2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52( 4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement For BS R & Co. LLP Chartered Accountants Firm's Registration No 101248W/W-100022 Pune 12 February 2026 Shiraz Vastani Partner Membership No.: 103334 UDIN:26103334ZSAFUD9463 BS R & Co {a partnership firm wrlh Reqrstratron No BA61223) converted mtc BS R & Co LLP (a Lnnuec L1ab1lity Partnerstup with LLP Reqrstranon No AAB-8181) with effect from October 14, 2013 Registered Office 14th Floor Central B Wing and North C Wing. Nesco IT Park 4. Nesco Center Western Express Highway, Goregaon (East) Murnb,11 - 400063 f'age 1 of 1

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8 SR & Co. LLP Chartered Accountants 8th floor, Business Plaza Westin Hotel Campus 36/3-B, Koregaon Park Annex Mundhwa Road, Ghorpadi Pune - 411 001, India Telephone +91 (20) 6747 7300 Fax +91 (20) 6747 7100 Limited Review Report on unaudited consolidated financial results of Bharat Forge Limited for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 pursuant to Regulation 33 and Regulation 52(4) read with Regulation 63 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Bharat Forge Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Bharat Forge Limited (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net loss after tax (net) and total comprehensive loss (net) of its associates and joint ventures for the quarter ended 31 December 2025 and year to date results for the period from 1 April 2025 to 31 December 2025 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable 4. The Statement includes the results of the entities mentioned in Annexure I to the Statement 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) read with Regulation 63 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Registered Office BS R & Co (a partnership firm with Reqrstraticn No BA61223) converted into BS R & Co LLP (a Lrrmted L1ab1lily Partnership with LLP Reqtstranon No AAB-8181) with errect from October 14 2013

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BS R & Co. LLP Limited Review Report (Continued) Bharat Forge Limited 6. We did not review the interim financial mforrnation of 8 Subsidiaries included In the Statement, whose interim financial mforrnatron reflects total revenues (before consolidatron adjustments) of Rs. 15,412 millions and Rs. 44,343 millions, total net loss after tax (net) (before consolidation adjustments) of Rs. 670 millions and Rs. 2,226 millions and total comprehensive loss (net) (before consolidation adjustments) of Rs. 569 millions and Rs. 2,234 millions, for the quarter ended 31 December 2025 and for the period from 1 April 2025 to 31 December 2025 respectively, as considered in the Statement. This interim financial information has been reviewed by other auditors whose reports have been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter. 7. The Statement includes the interim financial information of 23 Subsidiaries which have not been reviewed, whose interim financial information reflects total revenues (before consolidation adjustments) of Rs. 1,166 millions and Rs. 4,430 millions, total net loss after tax (net) (before consolidation adjustments) of Rs. 269 millions and Rs. 464 millions and total comprehensive loss (net) (before consolidation adjustments) of Rs. 240 millions and Rs. 372 millions, for the quarter ended 31 December 2025 and for the period from 1 April 2025 to 31 December 2025 respectively, as considered in the Statement. The Statement also includes the Group's share of net loss after tax (net) of Rs. 40 millions and Rs. 86 millions and total comprehensive loss (net) of Rs. 41 millions and Rs. 87 millions, for the quarter ended 31 December 2025 and for the period from 1 April 2025 to 31 December 2025 respectively as considered in the Statement, in respect of four associates and three joint ventures, based on their interim financial information which has not been reviewed. According to the information and explanations given to us by the Parent's management, this interim financial information is not material to the Group. Our conclusion is not modified in respect of this matter. For BS R & Co. LLP Chartered Accountants Firm's Registration No. 101248W/W-100022 Pune 12 February 2026 Shiraz Vastani Partner Membership No.: 103334 UDIN:26103334ERNAYR2326 Page 2 of 4

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BS R & Co. LLP Limited Review Report (Continued) Bharat Forge Limited Annexure I List of entities included 1n unaudited consolidated financial results of Bharat Forge Limited (BFL') Sr. No Name of component Relationship 1 Bharat Forge Global Holding GmbH ('BFGH') Subidiary of BFL 2 Bharat Forge Holding GmbH ('BFH') Subsidiary of BFGH 3 Bharat Forge Aluminiumtechnik GmbH Subsidiary of BFH 4 Bharat Forge Kilsta AB Subsidiary of BFGH 5 Bharat Forge CDP GmbH ('CDP') Subsidiary of BFGH 6 Bharat Forge Daun GmbH Subsidiary of CDP 7 Mecanique Generale Langroise Subsidiary of BFGH 8 Bharat Forge International Limited Subsidiary of BFL 9 Bharat Forge America Inc. ('BFA') Subsidiary of BFL 10 Bharat Forge PMT Technologie LLC Subsidiary of BFA 11 Bharat Forge Tennessee Inc. Subsidiary of BFA 12 Bharat Forge Aluminium USA, Inc. Subsidiary of BFA 13 BF Infrastructure Limited ('BF Infra') Subsidiary of BFL 14 BFIL - CEC JV Subsidiary of BF Infra 15 Ferrovia Transrail Solutions Private Limited Subsidiary of BF Infra 16 Kalyani Centre for Precision Technology Limited Subsidiary of BFL 17 Kalyani Strategic Systems Limited ('KSSL') Subsidiary of BFL 18 Kalyani Rafael Advanced Systems Private Limited Subsidiary of KSSL 19 Sagar Manas Technologies Limited Subsidiary of KSSL 20 Zorya Mashproekt India Private Limited Subsidiary of KSSL - Page· ~ ~ 0 ~~ < IOWllllrl 1l •l381H, *I CJ • I ii Inell ~ ~~- ~~

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BS R & Co. LLP Limited Review Report (Continued) Bharat Forge Limited 21 Agneyastra Energetics Limited Subsidiary of KSSL 22 Aegis Advanced Systems SL Subsidiary of KSSL 23 Kalyani Powertrain Limited ('KPTL') Subsidiary of BFL 24 Kalyani Mobility Inc. Subsidiary of KPTL 25 Tork Motors Private Limited (T ork') Subsidiary of KPTL 26 Lycan Electric Private Limited Subsidiary of Tork 27 Electroforge Limited Subsidiary of KPTL - - - - 28 BF Elbit Advanced Systems Private Limited Subsidiary of BFL 29 Eternus Performance Materials Private Limited Subsidiary of BFL 30 BF Industrial Solutions Private Limited ('BFISL') Subsidiary of BFL 31 BF Industrial Technology & Solutions Limited ('BFITSL') Subsidiary of BFISL 32 Sanghvi Europe BV Subsidiary of BFITSL 33 JS Auto Cast Foundary India Private Limited Subsidiary of BFISL 34 Kalyani Lightweighting Technology Solutions Limited Subsidiary of BFL 35 K Drive Mobility Solutions Private Limited Subsidiary of BFL 36 Talbahn GmbH Associate 37 Aeron Systems Private Limited Associate 38 Avaada MHVidarbha Private Limited Associate 39 Edgelab SpA Associate 40 BF NTPC Energy Systems Limited Joint Venture 41 Refu Drive GmbH ('Refu') Joint Venture 42 Refu Drive India Private Limited Subsidiary of Refu - Pa ~ ~S o. 0 8th~ ( tlJw= ~ * I 3613-8, Ghofpadi rt) * q ~ ~1001 t ~ India ~'li ~ 6)~ - cQ~~ _ Ac

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B H A R A T F O R G E CIN L25209PN1961PLC012046 BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com Annexure 2 Disclosure of Information pursuant to Regulation 30 of the Listing Regulations read with Disclosure Circular. Brief Profile of Directors Name of Director Mr. B. P. Kalyani Mr. S. E. Tandale DIN. 00267202 00266833 reason for change viz. appointment, re- appointment, resignation, removal, death or otherwise; Reappointment as a Whole-Time Director designated as Executive Director, liable to retire by rotation, subject to the approval by the Members of the Company. Reappointment as a Whole-Time Director designated as Executive Director, liable to retire by rotation, subject to the approval by the Members of the Company. date of appointment/re- appointment/cessation (as applicable) & term of appointment/re- appointment For a period of 5 (Five) consecutive years with effect from May 23, 2026, to May 22, 2031. For a period of 5 (Five) consecutive years with effect from May 23, 2026, to May 22, 2031. brief profile (in case of appointment); Mr. B. P. Kalyani has been the Executive Director of the Company since May 2006, contributing over three decades of expertise to the company. He holds a bachelor’s degree in production engineering from Veermata Jijabai Technological Institute (VJTI), Mumbai, a Master of Science in Mechanical Engineering from Columbia University, New York, and an MBA in Finance from New York University. A recognized leader in forging technology, Mr. Kalyani, has played a pivotal role in the modernization and expansion of Bharat Forge’s manufacturing capabilities. His deep technical acumen has been instrumental in advancing the company’s component forging division. In recognition of his contributions to the industry, he was honored with the 'Forge Master Award' by the Association of Indian Forging Mr. S. E. Tandale has been associated with the Company since 1991 and has been the Executive Director of the Company since May 2006. He has played a pivotal role in driving key strategic initiatives, particularly in leading the Component Forging Business Unit, the Company’s largest segment in terms of revenue and profitability. His leadership has been instrumental in expanding market share, enhancing operational efficiencies, and strengthening customer relationships. He has also been a key contributor in securing customer accolades and industry recognitions at both national and global forums. Beyond his responsibilities in India, Mr. S. E. Tandale is actively involved in the Company’s global operations in Europe and the USA, supporting its international business strategy and

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B H A R A T F O R G E CIN L25209PN1961PLC012046 BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com Annexure 4 Details of Merger SN Particulars Details i. Name of the entity(ies) forming part of the amalgamation/merg er, details in brief such as, size, turnover etc.; It is proposed to merge Ferrovia Transrail Solutions Private Limited (“FTSPL”) into BF Infrastructure Limited (“BFIL”) - the details are as under a. Transferor Company: Ferrovia Transrail Solutions Private Limited (“FTSPL”); b. Transferee Company: BF Infrastructure Limited (“BFIL”); c. BFIL holds 100% of the paid-up share capital of FTSPL; d. Turnover / Revenue from operations for year ended March 31, 2025: BFIL: Rs. 2,91,770/- (Rupees Two Lakh Ninety-One Thousand Seven Hundred and Seventy only) FTSPL: NIL. ii. Whether the transaction would fall within related party transactions? If yes, whether the same is done at arm’s length; The Transferor Company is a wholly owned subsidiary of the Transferee Company. The proposed merger does not fall under the purview of related party transaction in view of General Circular No. 30/2014 dated 17th July, 2014 issued by the Ministry of Corporate Affairs. Further, pursuant to Regulation 23(5)(b) of the Listing Regulations, the related party transaction provisions are not applicable to the proposed Scheme. iii. Area of business of the entity(ies); BFIL is engaged in the business of Engineering, Procurement and Construction (EPC) contractors and infrastructure projects. FTSPL was formed for the purpose of carrying out the Project of Design, Procurement, Construction of track and track related works and it’s testing & commissioning for double track electrified railway line on a Design Build Lump Sum Basis. Post completion of projects, FTSPL has no business activity. iv. Rationale for amalgamation/ merger The proposed merger is in line with the overall group restructuring and consolidation strategy. v. In case of cash consideration – amount or otherwise share exchange ratio; Since the Transferor Company is a wholly owned subsidiary of the Transferee Company, neither any consideration will be paid nor any shares are being issued by the Transferee Company.

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B H A R A T F O R G E CIN L25209PN1961PLC012046 BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: + 91 20 6704 2476 6704 2451 6704 2544 (Secretarial) Fax 020 2682 2163 Email: secretarial@bharatforge.com WEBSITE: www.bharatforge.com vi. Brief details of change in shareholding pattern (if any) of listed entity There would be no change in the shareholding pattern of the Company.

Interim report