| Purpose | Board Meetings Date | Announcement Date |
|---|---|---|
| Board Meeting | 12 Feb 2025 | 28 Jan 2025 |
| BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2025 inter alia to consider and approve the Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31 2024. Outcome of the Board Meeting dated February 12, 2025 Declared an interim dividend of Rs. 2.50 per equity share of the face value of Rs. 2 each of the Company (at the rate of 125 %). (As Per BSE Announcement dated on 12.02.2025) | ||
| Board Meeting | 14 Nov 2024 | 4 Nov 2024 |
| BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2024 inter alia to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30 2024. Outcome of Board Meeting for Q2 of FY 2024-25 held on November 14, 2024 (As Per BSE Announcement Dated on 14.11.2024) | ||
| Board Meeting | 8 Aug 2024 | 31 Jul 2024 |
| BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/08/2024 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter ended on June 30 2024 Board approved:- 1. Raising of funds by way of issue of equity shares, debt issue, or any other securities convertible into equity shares or a combination of such securities by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, preferential issue or any other method as may be permitted by applicable laws, subject to approval of shareholders of the Company and such regulatory/statutory approvals as may be required. The Companys Investment Committee - Strategic Business has been delegated the powers to decide the structure, form of issuance, price, timing, terms and conditions thereof and all other matters related or incidental thereto. 2. Conversion of USD 12 million loan given to Bharat Forge America Inc. into equity. 3. Transfer of 39.43% stake held in TMJ Electric Vehicles Limited to Bharat Forge International Limited, a wholly-owned subsidiary, at fair value assessed by a independent valuer. The Company will intimate exchanges as and when there are any updates regarding this transfer. 4. In modification to our intimation dated June 20, 2022 pertaining to transfer of the Companys stake in its joint venture Refu Drive GmbH, to Kalyani Powertrain Limited (KPTL), a wholly owned subsidiary of the Company, for consideration in the form of shares of KPTL, the Board has now agreed to transfer the stake to KPTL for cash consideration of _11.509 million which is the fair value as determined by independent valuer. The Board has delegated modalities and timing of completion of this transfer to the Investment Committee - Strategic Business. Necessary intimations in this regard shall be provided by the Company as and when due. 5. Closure of Indigenous IL Limited (IL), a non-operational subsidiary of the Company. IL was incorporated as a wholly-owned subsidiary of the Company in Israel in 2018 to explore investment opportunities in various technology start-up companies. IL has not commenced any business since its incorporation. Thus, no capital was contributed into IL. The closure of IL has been approved since there are no future business plans envisaged in Israel. 6. Amendment to the Companys Code of Conduct for Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information (Code of Conduct). 7. Consequent upon closure of all infrastructure business activities in BF Infrastructure Limited (BF Infra), a wholly owned subsidiary of the Company, the share e capital invested by the Company is now not represented by corresponding assets. Therefore, the Board has given in-principle approval for undertaking capital reduction by BF Infra, subject to approval of BF Infras shareholders and approval by the National Company Law Tribunal under the Companies Act, 2013. 9. In its meeting dated November 14, 2022, the Board had approved limits on investments and/or guarantees to be provided to its foreign subsidiaries and associates. In partial modification to this approval, the Board has now extended the investment and/or guarantee limits to step-down operating subsidiaries of such foreign subsidiaries and associates. Necessary stock exchange intimations shall be made by the Company once actual investments are made and/or guarantees are extended pursuant to this modification. (As Per BSE Bulletin Dated on 08.08.2024) | ||
| Board Meeting | 8 May 2024 | 26 Apr 2024 |
| BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2024 inter alia to consider and approve the audited standalone and consolidated financial results of the Company for the quarter and year ended March 31 2024 and to consider and recommend final dividend if any on the Equity Shares for the financial year ended March 31 2024. Board Meeting Outcome - Dividend Outcome of Board Meeting to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ending March 31, 2024 and recommended a final dividend of Rs. 6.50 per equity share of the face value of Rs. 2/- each (at the rate of 325%) for the financial year ended March 31, 2024 Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ending March 31, 2024. (As Per BSE Announcement Dated on 08.05.2024) | ||
Bharat Forge Chairman and Managing Director Baba Kalyani said there are major growth opportunities in the automotive component space for the company
This is the biggest domestic defence deal ever for Bharat Forge as it constitutes 60% of the total ₹6,900 crore procurement earmarked for this artillery system.
The agreement is focused on creating a new joint defence venture company in Spain that would develop defence-specific technologies, product platforms and solutions
With this deal, the MoD has inked capital procurement contracts aggregating to ₹1.40 Lakh Crore in FY 2024-25.
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This collaboration will give a strong foothold to India’s manufacturing competitiveness, stated Amit Kalyani, the vice-chairman and joint MD.
This collaboration will bring together AMD's cutting-edge technology with indigenous solutions to support and augment India's 'Make in India' initiative.
The LOI was signed at the IDEX 2025 defense exhibition in Abu Dhabi, which forms a key pillar in KSSL and AM General’s strategic partnership of military vehicle platforms on a global scale.
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Here are some of the stocks that may see significant price movement today: Tata Power Company, Godrej Industries, Bharat Forge, etc.
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