Bharat Forge announced the finalization of its acquisition strategy concerning Sunsure Energy Private Limited’s Special Purpose Vehicles (SPVs). The company’s subsidiary, JS Auto Cast Foundry India Private Limited (“JS Auto”), completed the Final Tranche investment (Tranche II) on February 16, 2026. JS Auto acquired 61,740 equity shares in Sunsure Solarpark Twenty-Three Private Limited at a premium, marking the conclusion of the planned stake increase.
Completion of Strategic Acquisition Tranche
Bharat Forge Limited has confirmed the successful execution of the Final Tranche investment (Tranche II) related to the proposed acquisition of equity shares in the Special Purpose Vehicles (SPVs) of Sunsure Energy Private Limited. This update follows earlier intimations made on September 20, 2024 and January 06, 2026.
Acquisition Details
The investment was executed by the wholly-owned step-down subsidiary, JS Auto Cast Foundry India Private Limited (“JS Auto”). The acquisition targeted the SPV named Sunsure Solarpark Twenty-Three Private Limited. The transaction involved the acquisition of 61,740 equity shares, with each share having a face value of Rs. 10/-. These shares were acquired at a significant premium of Rs. 1,240/- per share, representing a 31.56% stake on a fully diluted basis.
Conclusion of Commitment
This completion of Tranche II solidifies the planned strategic investment by JS Auto, alongside the company’s other subsidiary, Kalyani Centre for Precision Technology Limited (“KCPTL”), into the Sunsure Energy ecosystem. The company has formally taken these records into its compliance file as of the date of this disclosure, February 16, 2026.
Source: BSE
