Bharat Forge announces step-down subsidiary in defence sector

Bharat Forge today announced the incorporation of a new step-down subsidiary, Agneyastra Energetics Limited, through its wholly-owned subsidiary Kalyani Strategic Systems Limited (KSSL). Incorporated on July 2, 2025, Agneyastra Energetics Limited will operate in the defence industry, manufacturing high-energy explosives, ammunition, and propellants to establish end-to-end defence energetics capability. The authorized capital for the new entity is INR 1,000,000, consisting of 100,000 equity shares at INR 10 each, with KSSL subscribing to 10,000 equity shares. This strategic move aligns with KSSL’s growth objectives and facilitates business expansion, and Bharat Forge confirmed the initial subscription was settled in cash.