Meeting Details

The 65th Annual General Meeting of Bharat Forge Limited was held on Tuesday, August 11, 2026, commencing at 11:00 A.M. (I.S.T.) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting concluded at 12:26 P.M. (I.S.T.), including the time allowed for e-voting during the AGM.

Proposed Resolutions and Implications

Five resolutions were presented for shareholder approval:

Ordinary Business:

  • Item 1: To consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026 together with reports of Board of Directors and Auditors (Ordinary Resolution)
  • Item 2: To confirm payment of interim dividend and declare final dividend on Equity Shares for Financial Year ended March 31, 2026 (Ordinary Resolution)
  • Item 3: To appoint Mr. Ashish Bharat Ram (DIN: 00671567) who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

Special Business:

  • Item 4: Appointment of Mr. Ashish Bharat Ram (DIN: 00671567) as a Non-Executive Non-Independent Director (Ordinary Resolution)
  • Item 5: To ratify remuneration of Cost Auditors for financial year 2026-27 (Ordinary Resolution)

Voting Process and Methods

The Company provided remote e-voting facility for all businesses set forth in the Notice. The remote e-voting was open for 3 days from Saturday, August 8, 2026 (9:00 A.M.) to Monday, August 10, 2026 (5:00 P.M.). Members present in the AGM through VC/OAVM who had not cast their vote through remote e-voting were provided opportunity to cast votes electronically during the AGM through National Securities Depository Limited platform.

Key Voting Outcomes and Scrutinizer Details

The Board of Directors appointed Mr. Sridhar Mudaliar (FCS COP: 2664), failing him, Mrs. Sheetal Joshi (FCS COP: 11635), Partners of M/s. SVD & Associates, Company Secretaries, Pune, as Scrutinizer to scrutinize the e-voting and remote e-voting process in a fair and transparent manner. The results of voting were to be declared on receipt of Scrutinizer's Report within two working days of conclusion of AGM and placed on the company website.

Compliance with Laws and Regulations

The meeting was conducted in accordance with directives issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI), and in compliance with applicable provisions of Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice convening the 65th AGM was dated May 07, 2026, and issued on July 17, 2026.

Signatories and Roles

Ms. Tejaswini Chaudhari, Company Secretary and Compliance Officer (Membership No.: A18907) signed the submission to the exchanges. Mr. B. N. Kalyani served as Chairman and Managing Director who chaired the meeting. Other board members present included Mr. Ashish Bharat Ram and Mr. Dipak Mane who attended through VC and introduced their locations.

Additional Information

The Chairman delivered an address highlighting the company's business operations, financial performance, achievements, and strategic transformation towards becoming a technology-led engineering enterprise (Bharat Forge 2.0). He elaborated on progress across key business segments including aerospace, defence, axle systems and castings, and discussed capital expenditure plans, business restructuring initiatives, ESG commitments, and long-term vision. The chairman's speech was uploaded on the company website at https://www.bharatforge.com/investors/shareholders-information/agm-transcript. There was no proxy facility available as it was dispensed by MCA, but other statutory registers were available for electronic inspection.