The Board of Directors of Bharat Forge approved the Unaudited Financial Results for the quarter and nine months ended December 31, 2025. Key decisions included declaring an interim dividend of ₹2.00 per equity share (100% of face value) payable by March 12, 2026. Furthermore, the Board reappointed Mr. B. P. Kalyani and Mr. S. E. Tandale as Executive Directors for five years, effective May 23, 2026. The cessation of Mr. Sumeet Banga as Senior Management Personnel was also noted.
Board Meeting Outcomes: February 12, 2026
The Board of Directors of Bharat Forge Limited convened on Thursday, February 12, 2026, and approved several significant resolutions concerning financial performance, corporate governance, and internal structuring.
Unaudited Financial Results and Dividend Declaration
The Board formally approved the Statement of Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2025, accompanied by the Limited Review Report from BSR & Co. LLP.
In addition to the results, the Board declared an interim dividend of ₹2.00 (Rupees Two only) per equity share, based on the face value of ₹2 each (a rate of 100%). This dividend is slated to be paid on or before Thursday, March 12, 2026, to shareholders recorded as of the Record Date, Wednesday, February 18, 2026.
Key Corporate Governance Decisions
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the reappointment of two key Whole-Time Directors:
- Mr. B. P. Kalyani (DIN: 00267202) as Executive Director for a further period of five years, effective May 23, 2026, to May 22, 2031. Mr. Kalyani is recognized for his deep technical acumen and pivotal role in modernizing manufacturing capabilities.
- Mr. S. E. Tandale (DIN: 00266833) as Executive Director for the same five-year period, effective May 23, 2026, to May 22, 2031. Mr. Tandale is noted for his leadership in the Component Forging Business Unit and expanding global operations.
Both reappointments are subject to the subsequent approval of the Company members via an Ordinary Resolution through a Postal Ballot exercise.
Changes in Senior Management Personnel
The Board noted the cessation of Mr. Sumeet Banga as President and CEO – Industrial business and Senior Management Personnel, effective February 12, 2026. This cessation is pursuant to his transfer to the Company’s wholly-owned subsidiary, JS Auto Cast Foundry India Private Limited, as part of strategic internal leadership restructuring.
Merger Approval
The Board also approved the merger of Ferrovia Transrail Solutions Private Limited (“FTSPL”), a step-down wholly owned subsidiary, into BF Infrastructure Limited (“BFIL”), a wholly owned subsidiary of the Company and the holding company of FTSPL. This move aligns with the overall group restructuring and consolidation strategy.
Financial Highlights Summary (Standalone – Q3 FY2025)
For the quarter ended December 31, 2025 (Unaudited), the standalone results showed:
- Total Income: ₹21,109.76 Million
- Profit Before Tax: ₹3,915.78 Million
- Profit for the Period: ₹2,880.41 Million
- Basic and diluted EPS: ₹6.03
The Net Worth stood at ₹112,470.63 Million.
Financial Highlights Summary (Consolidated – Q3 FY2025)
For the consolidated results for the quarter ended December 31, 2025 (Unaudited):
- Total Income: ₹43,854.13 Million
- Profit Before Tax: ₹4,072.17 Million
- Profit for the Period (Attributable to Owners of the Parent): ₹2,642.14 Million
- Basic and diluted EPS (not annualised): ₹5.53
The Consolidated Net Worth was ₹95,574.31 Million.
Source: BSE
