Date: November 12, 2026
Disinvestment / Strategic Actions
- The Hon'ble National Company Law Tribunal, Mumbai Bench-II (NCLT) approved the Resolution Plan for Tork Motors Private Limited under Section 31 of the Insolvency and Bankruptcy Code, 2016
- Order date: November 6, 2026 (received by company on November 12, 2026)
- Tork Motors is a step-down subsidiary of Bharat Forge Limited
- Kalyani Powertrain Limited (wholly owned subsidiary of Bharat Forge) holds 64.29% of the equity share capital of Tork Motors
- The Resolution Plan provides for extinguishment of the existing equity share capital of Tork Motors
- Consequential change in ownership and management of Tork Motors
- Upon implementation of the approved Resolution Plan, Tork Motors will cease to be a step-down subsidiary of Bharat Forge Limited
- Company will make further disclosures as required during implementation