Bharat Forge receives NCLT approval for resolution plan for Tork Motors

Bharat Forge announced that the Hon'ble National Company Law Tribunal, Mumbai Bench-II (NCLT) vide its order dated 06 November 2026 (received by the Company today i.e. 12 November 2026), has approved the Resolution Plan for Tork Motors, a step-down subsidiary of the Company (Tork) under Section 31 of the Insolvency and Bankruptcy Code, 2016.

Kalyani Powertrain, a wholly owned subsidiary of the Company, holds 64.29% of the equity share capital of Tork.

The approved Resolution Plan provides for extinguishment of the existing equity share capital of Tork and consequential change in its ownership and management. Accordingly, upon implementation of the approved Resolution Plan, Tork will cease to be a step-down subsidiary of the Company.