Bharat Forge Limited — Others, 08-05-2025: Change in Auditors

Bharat Forge has announced a board meeting to approve the financial results for the quarter and year ended March 31, 2025. Consolidated revenue stood at ₹15,323 Cr with a profit of ₹913 Cr, impacted by impairment provisions mainly in the EV business segment. A final dividend of ₹6 per share (300%) is proposed. Independent Directors Sonia Singh and K.B.S. Anand are up for re-appointment, and M/s SVD & Associates has been appointed Secretarial Auditors for five years. The company is progressing with the acquisition of AAM India Manufacturing and raised ₹1,650 Cr via QIP, holding unspent proceeds in fixed deposits. Amendments to the Insider Trading Code have been adopted to enhance fair disclosure and insider trading prevention.