BHARAT FORGE LTD. - Statement Under Regulation 40(9) And (11) Of SEBI (Listing Obligations And <BR> Disclosure Requirements) Regulations, 2015 For The Half Year Ended As On <BR> September 30, 2017<BR>

Please find enclosed herewith certificate dated October 6, 2017 issued by M/s. S. V. Deulkar & Co., Practicing Company Secretaries, Pune, certifying thereby that the share certificates received for transfer, sub-division, consolidation, renewal, deletion of name of the deceased holder(s) of equity shares, transmission of equity shares during the half year ended September 30, 2017 have been issued duly endorsed after transfer, sub-division, consolidation, renewal, deletion of name of the deceased holder(s) of equity shares, transmission of equity shares dispatched within thirty days from the respective date of lodgment of transfer, sub-division, consolidation, renewal, deletion of name of the deceased holder(s) of equity shares, transmission of equity shares and transposition of shares excepting those returned to the lodgers on technical grounds for rectification.