Agneyastra Energetics, a Kalyani Strategic Systems subsidiary, produces defense energetics, including explosives and propellants, with 100% ownership via equity shares.

• Kalyani Strategic Systems holds a 100% stake in Agneyastra via 1 lakh equity shares of Rs 10 each.
• The company specializes in high-energy explosives, ammunition filling, and gun/rocket propellants for defense.
• Bharat Forge supplies safety, critical components for defense, aerospace, and automotive sectors globally.