Bharat Forge Limited's Board of Directors, in a meeting held on April 9, 2026, has reviewed and approved a proposal for the phased restructuring of its wholly-owned subsidiary, Bharat Forge CDP GmbH (BF CDP), located in Ennepetal, Germany. This restructuring may involve an orderly wind-down and solvent liquidation of BF CDP, a move being considered due to market challenges and cost disadvantages faced by the German operations. To support this proposed restructuring, the Board has sanctioned a financing arrangement of up to EUR 30 million (approximately ₹270 crore). The Board has also delegated the authority to a sub-committee to oversee the further evaluation and implementation of this plan. The Board meeting commenced at 12:30 P.M. and concluded at 12:50 P.M. Bharat Forge Limited will communicate subsequent developments to the stock exchanges as required by SEBI regulations.
