Bharat Forge ratings reaffirmed, NCDs withdrawn

On December 20, 2025, Bharat Forge Limited informed stock exchanges that CARE had reaffirmed its credit ratings for various facilities. Long-term facilities, amounting to ₹2,900.00 crore, maintained a CARE AA+; Stable rating. Additionally, short-term bank facilities totaling ₹700.00 crore were reaffirmed with a CARE A1+ rating.

In a separate update, the rating for the company's non-convertible debentures was withdrawn. This announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication was signed by Tejaswini Chaudhari, company secretary and compliance officer.