In furtherance to intimations dated June 20, 2022 and August 08, 2024, whereby the Company was informed that the Company is proposing to transfer 50% of equity stake held by the Company in Refu Drive GmbH (Refu), Joint Venture (JV) company to Kalyani Powertrain (KPTL), Company’s wholly-owned subsidiary, Bharat Forge has further informed that the requisite formalities with respect to the above transaction has been completed and the transfer of stake by Company to KPTL has been effected as on September 20, 2024. Pursuant to the above stake transfer, KPTL has replaced the Company as the partner and shareholder of Refu JV.
The above information is a part of company’s filings submitted to BSE.