Bharat Forge: Outcome of Board Meeting

This is to inform you that the Board of Directors of the Company in its Meeting held on Monday May 20 2019 have discussed and approved the following:

1. Approved and took on record the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ending March 31 2019.

2. Recommended a final dividend at the rate of 125% (i.e. Rs. 2.50/- per equity share) on 465 588 632 fully paid Equity Shares of Rs.2/- each for the financial year ended March 31 2019 subject to approval of the Members of the Company at the ensuing Annual General Meeting.

3. The final dividend for the financial year ended March 31 2019 if approved by members of the Company will be paid on August 19 2019.

4. 58th Annual General Meeting of the members of the Company will be held on Tuesday August 13 2019 at the Registered Office of the Company. In relation to the same the Register of Members and Share Transfer book(s) of the Company shall be closed from August 3 2019 to August 13 2019 (both days inclusive) for the purpose of payment of dividend and AGM.

5. Upon recommendation of the Nomination and Remuneration Committee the Board re-designated Mr. Amit B. Kalyani (DIN: 00089430) Executive Director of the Company as Deputy Managing Director of the Company.

6. Re-appointment of following Independent Directors of the Company subject to the approval of members through a Special Resolution at the ensuing Annual General Meeting. -

I. Re-appointment of Mr. S. M. Thakore (DIN: 00031788) as an Independent Director of the Company for a period of five (5) years with effect from September 4 2019 (i.e. from September 4 2019 to September 3 2024);

II. Re-appointment of Mr. P. G. Pawar (DIN: 00018985) as an Independent Director of the Company for a period of five (5) years with effect from September 4 2019 (i.e. from September 4 2019 to September 3 2024);

III. Re-appointment of Mrs. Lalita Gupte (DIN: 00043559) as an Independent Director of the Company for a period of five (5) years with effect from September 4 2019 (i.e. from September 4 2019 to September 3 2024);

IV. Re-appointment of Mr. P. H. Ravikumar (DIN: 00280010) as an Independent Director of the Company for a period of five (5) years with effect from September 4 2019 (i.e. from September 4 2019 to September 3 2024);

V. Re-appointment of Mr. Vimal Bhandari (DIN: 00001318) as an Independent Director of the Company for a period of five (5) years with effect from September 4 2019 (i.e. from September 4 2019 to September 3 2024).