About the report

Basis of reporting

This is our seventh year of Integrated Reporting, prepared in line with the <IR> principles developed by the International Integrated Reporting Council (IIRC), now under the IFRS Foundation. Our approach reflects our commitment to transparent, decision-useful disclosures that extend beyond statutory requirements. We present a holistic view of how we create value, the resources we depend on, and the factors that influence our performance.

The Report covers the six capitals, financial, manufactured, human, intellectual, social & relationship and natural, and provides information on our strategy, material matters, governance, performance and future prospects within the context of the external environment. Our objective is to equip stakeholders with relevant and balanced insights to evaluate our progress and make informed assessments.

Reporting period and scope

This Report covers the financial and non-financial information of Bharat Forge Limited, India, for the period April 1, 2025 to March 31, 2026. Significant material developments up to the Board Meeting dated May 7, 2026 have also been included.

Board assurance

The Board confirms that it has collectively applied its mind in the preparation of this Report. The members take responsibility for its integrity and are of the view that it fairly and comprehensively addresses all material matters, presenting a balanced representation of our performance.

Reporting principle

This Report has been prepared in accordance with applicable regulatory requirements, including:

• The Companies Act, 2013 (and applicable Rules)
• Indian Accounting Standards
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Secretarial Standards

It also draws guidance from internationally recognized frameworks, including:

• The <IR> Framework of the IIRC
• Global Reporting Initiative (GRI) Standards

Forward-looking statements

Certain statements in this Report regarding our business operations may constitute forward-looking statements. These include all statements other than statements of historical fact, including those regarding the financial position, business strategy, management plans and objectives for future operations. Forward-looking statements can be identified by words such as ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, ‘plans’, ‘outlook’ and other words of similar meaning in connection with a discussion of future operating or financial performance.

Forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and that may be incapable of being realized and as such, are not intended to be a guarantee of future results, but constitute our current expectations based on reasonable assumptions. Actual results could differ materially from those projected in any forward-looking statements due to various events, risks, uncertainties and other factors. We neither assume any obligation nor intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.