The Investment Committee – Strategic Business approved the opening of the issue at its meeting held on Thursday, after the Board of Directors approved the QIP on August 10, 2026, and shareholders passed a special resolution through postal ballot on September 11, 2026.
The committee also approved and adopted the Preliminary Placement Document and application form dated September 17 in connection with the issue.
ALSO READ | Bharat Forge Q1 Results: Stock falls 8% after ₹358 crore exceptional item drags co to net loss
The relevant date for the QIP is September 17, 2026. The floor price has been determined based on the pricing formula prescribed under the Securities and Exchange Board of India (SEBI) Issue of Capital and Disclosure Requirements (ICDR) Regulations.
Bharat Forge may, at its discretion, offer a discount of not more than 5% on the floor price, subject to the approval received from shareholders through the September 11 postal ballot.
The issue price will be determined by Bharat Forge in consultation with the lead managers appointed for the QIP. The company will file the Preliminary Placement Document with BSE Ltd and the National Stock Exchange of India Ltd on September 17.
ALSO READ | Bharat Forge board approves fund raise of up to ₹2,500 crore
On a consolidated basis, Bharat Forge reported a net loss of ₹90 crore, compared to a net profit of ₹284 crore it had reported during the same quarter last year. The CNBC-TV18 poll had pegged the figure at a profit of ₹349 crore.
Multiple one-offs, which resulted in a one-time exceptional loss of ₹358 crore, led the company to report a net loss during the quarter. Revenue for the quarter stood at ₹4,640 crore, a growth of 18.7% from the year-ago period, and also higher than the CNBC-TV18 poll expectation of ₹4,591 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹709.4 crore from ₹670 crore last year and lower than the CNBC-TV18 poll figure of ₹783 crore.
ALSO READ | Bharat Forge, Pratt & Whitney Canada join hands to explore HALE UAV turboprop engines
EBITDA margin for the period stood at 15.29%, a contraction of 170 basis points from the same quarter last year. A CNBC-TV18 poll had pegged the figure at 17%.
Shares of Bharat Forge Ltd ended at ₹1,919.00, up by ₹29.05, or 1.54%, on the BSE.
First Published: Sept 17, 2026 7:11 PM IST
