Meeting Details

The postal ballot was conducted entirely through remote e-voting with no physical meeting. The e-voting period commenced at 09:00 a.m. IST on Thursday, August 13, 2026 and concluded at 05:00 p.m. IST on Friday, September 11, 2026. The total number of shareholders on the record date (August 7, 2026) was 238,438.

Proposed Resolution and Implications

The single special resolution sought approval for "Issuance of Securities up to ₹25,000 Million (Rupees Twenty-Five Thousand Million)". The promoters/promoter group were not interested in this resolution. This fundraising initiative would enable the company to raise significant capital for business operations and expansion.

Voting Process and Methods

The company employed remote e-voting only through the services of National Securities Depository Limited (NSDL) at www.evoting.nsdl.com. The company appointed Mr. Sridhar Mudaliar (COP: 2664), failing him, Mrs. Sheetal Joshi (COP: 11635), Partners of M/s. SVD & Associates, Company Secretaries, Pune as the Scrutinizer to ensure a fair and transparent voting process.

Key Voting Outcomes

Overall Results

  • Total shares outstanding: 478,088,632
  • Total votes polled: 407,057,957 (85.1428% turnout)
  • Votes in favor: 406,238,232 (99.7986% of votes polled)
  • Votes against: 819,725 (0.2014% of votes polled)
  • Invalid votes: 3,975,678

Category-wise Breakdown

Promoter and Promoter Group:

  • Shares held: 210,703,624
  • Votes polled: 207,581,410 (98.5182% participation)
  • Votes in favor: 207,581,410 (100% approval)
  • Votes against: 0
  • Invalid votes: 0

Public Institutions:

  • Shares held: 223,937,987
  • Votes polled: 198,085,424 (88.4555% participation)
  • Votes in favor: 197,278,688 (99.5927% approval)
  • Votes against: 806,736 (0.4073% against)
  • Invalid votes: 3,965,878

Public Non-Institutions:

  • Shares held: 43,447,021
  • Votes polled: 1,391,123 (3.2019% participation)
  • Votes in favor: 1,378,134 (99.0663% approval)
  • Votes against: 12,989 (0.9337% against)
  • Invalid votes: 9,800

Scrutinizer's Role and Findings

Mr. Sridhar Mudaliar of SVD & Associates was appointed as Scrutinizer by the Board of Directors at their meeting held on August 10, 2026. The scrutinizer verified that:

  • The company dispatched the Postal Ballot Notice via email on August 12, 2026 to members whose email addresses were available
  • A newspaper advertisement was published on August 13, 2026 to inform members about the voting process
  • Votes were unblocked at approximately 17:05 hrs IST on September 11, 2026 in the presence of two independent witnesses
  • The e-voting summary statement was downloaded from NSDL's website
  • Certain remote e-votes were considered invalid due to statutory provisions or want of authority
  • 1,884 members voted with 1,804 in favor and 80 against the resolution
  • 21 members cast invalid votes representing 3,975,678 shares
  • 9 members cast less votes representing 165,005 shares

Compliance with Regulations

The company confirmed compliance with:

  • Section 108 and 110 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • MCA Circulars No. 14/2020, 17/2020, 20/2020 and latest Circular No. 03/2025
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular reference no. H0/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026
  • Secretarial Standards - II issued by ICSI

Additional Information

The voting results and scrutinizer's report were made available on the company's website (www.bharatforge.com), NSDL website (www.evoting.nsdl.com), and stock exchange websites (BSE and NSE). The register of postal ballot and voting records will remain with the scrutinizer until the Chairman approves and signs the minutes.