Bharat Forge has announced substantial further investments in its wholly-owned subsidiaries. The company infused ₹2,400 crore into Kalyani Strategic Systems Limited (KSSL) through a rights issue, acquiring 24,00,00,000 equity shares. Subsequently, KSSL invested ₹1,630 crore in its own subsidiary, Agneyastra Energetics Limited (AEL), via a rights issue, purchasing 16,30,00,000 equity shares. These transactions were completed on October 30, 2026.
Significant Capital Infusion in Subsidiaries
Bharat Forge Limited has completed significant equity investments in its key subsidiaries, bolstering their financial positions and expanding its strategic stake. These investments were made through rights issues and finalized on October 30, 2026.
Investment in Kalyani Strategic Systems Limited (KSSL)
In a major capital allocation, Bharat Forge invested a total of ₹2,400 crore into its wholly-owned subsidiary, Kalyani Strategic Systems Limited (KSSL). This investment was made through the issuance and allotment of 24,00,00,000 fully paid-up equity shares of ₹10 each at par. This transaction significantly enhances KSSL’s capital base to support its strategic initiatives.
KSSL’s Investment in Agneyastra Energetics Limited (AEL)
Following the capital infusion from Bharat Forge, KSSL has further invested in its own wholly-owned subsidiary, Agneyastra Energetics Limited (AEL). KSSL has allotted 16,30,00,000 fully paid-up equity shares of ₹10 each at par to AEL, representing a total investment of ₹1,630 crore. This move strengthens AEL’s financial capacity for its operations and growth plans.
These disclosures were made following previous intimations regarding further investments in KSSL and AEL, dated August 10, 2026, and October 16, 2026.
Source: BSE
