Bharat Forge’s board has approved fundraising of up to ₹20,000 million through debt instruments. Laxmiprasad Jahagirdar is now Senior Management Personnel (SMP), effective November 11, 2025. The board reviewed and approved unaudited financial results for Q2 2026, including both standalone and consolidated figures. This strategic move aims to bolster the company’s financial position and leadership.
Financial Restructuring Approved
The board has given the go-ahead for raising funds up to ₹20,000 million. This will be achieved through term loans, non-convertible debentures, or other debt instruments. The Investment Committee has been delegated the authority for strategic business decisions related to this fundraising. This decision aims to provide financial flexibility for future investments and growth initiatives.
Executive Appointment
Laxmiprasad Jahagirdar, previously President and COO of Manufacturing Operations, has been appointed as Senior Management Personnel (SMP), effective November 11, 2025. This appointment recognizes his significant contributions to the company’s manufacturing operations. His expertise will be crucial for strategic decision-making within the company.
Financial Results Review
The board reviewed and approved the unaudited financial results for the quarter and half-year ending September 30, 2025. These results include both standalone and consolidated figures. A limited review report was issued by BSR & Co. LLP, the company’s statutory auditors.
Source: BSE
