Bharat Forge’s Board of Directors has approved raising funds up to ₹20,000 million through term loans or debentures. Additionally, Laxmiprasad Jahagirdar has been appointed as Senior Management Personnel (SMP), effective November 11, 2025. The decisions were made during a board meeting held on November 11, 2025, also covering financial results and strategic business matters.
Financial Boost Approved
The Board of Directors at Bharat Forge has given the go-ahead for raising funds not exceeding ₹20,000 million (Rupees Twenty Thousand Million Only). These funds will be secured through term loans, non-convertible debentures, or other debt instruments. The Investment Committee will manage the strategic business aspects related to this fund-raising activity. This decision was formalized on November 11, 2025.
Senior Management Appointment
Effective November 11, 2025, Laxmiprasad Jahagirdar, currently President and COO – Manufacturing Operations, has been designated as Senior Management Personnel (SMP). This appointment was formally approved during the board meeting on November 11, 2025, and aims to further strengthen the company’s leadership team and operational capabilities.
Financial Results Reviewed
The board reviewed and approved the unaudited financial results (standalone and consolidated) for Q2 FY26, ending September 30, 2025, along with the Limited Review Report.
Source: BSE
