Meeting Details

The 65th Annual General Meeting was held on Tuesday, August 11, 2026 at 11:00 a.m. IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence of members, as permitted by MCA Circulars. The cut-off date for determining voting eligibility was Tuesday, August 4, 2026.

Proposed Resolutions and Implications

Five ordinary resolutions were proposed:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY26 with reports of Board of Directors and Auditors

2. Confirmation of interim dividend and declaration of final dividend for FY26

3. Appointment of Mr. Ashish Bharat Ram (DIN: 00671567) as Director retiring by rotation

4. Appointment of Mr. Ashish Bharat Ram as Non-Executive Non-Independent Director

5. Ratification of remuneration of Cost Auditors for FY 2026-27

None of the resolutions had promoter/promoter group interest.

Voting Process and Methods

Voting was conducted through two methods:

  • Remote e-voting: Open from Saturday, August 8, 2026 at 9:00 a.m. IST to Monday, August 10, 2026 at 5:00 p.m. IST
  • E-voting at AGM: Conducted during the meeting for members who hadn't voted remotely

The electronic voting system was provided by NSDL through www.evoting.nsdl.com

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 407,371,603 (85.2084% of total shares)
  • Votes in favor: 407,371,189 (99.9999%)
  • Votes against: 414 (0.0001%)
  • Invalid votes: 1,772,348

Resolution 2: Dividend Declaration

  • Total votes cast: 407,441,620 (85.2230% of total shares)
  • Votes in favor: 407,441,276 (99.9999%)
  • Votes against: 344 (0.0001%)
  • Invalid votes: 1,772,348

Resolution 3: Director Re-appointment (Retiring by Rotation)

  • Total votes cast: 407,423,495 (85.2192% of total shares)
  • Votes in favor: 387,931,471 (95.2158%)
  • Votes against: 19,492,024 (4.7842%)
  • Invalid votes: 1,772,348

Resolution 4: Director Appointment (Non-Executive Non-Independent)

  • Total votes cast: 406,395,299 (85.0042% of total shares)
  • Votes in favor: 394,020,143 (96.9549%)
  • Votes against: 12,375,156 (3.0451%)
  • Invalid votes: 1,772,348

Resolution 5: Cost Auditor Remuneration Ratification

  • Total votes cast: 407,428,821 (85.2204% of total shares)
  • Votes in favor: 407,428,164 (99.9998%)
  • Votes against: 657 (0.0002%)
  • Invalid votes: 1,772,348

Shareholder Category Participation

Detailed category-wise voting breakdown was provided for each resolution showing participation from:

  • Promoter and Promoter Group: 210,703,624 shares (98.5182% participation)
  • Public Institutions: 224,053,743 shares (89.0659-89.0985% participation)
  • Public Non-Institutions: 43,331,265 shares (0.5347-0.5420% participation)

Scrutinizer's Role and Findings

Sridhar Mudaliar, Partner of SVD & Associates, Company Secretaries, was appointed scrutinizer by the Board on May 7, 2026. His responsibilities included:

  • Scrutinizing remote e-voting and e-voting at AGM
  • Ensuring fair and transparent voting process
  • Preparing consolidated scrutinizer's report
  • Safekeeping electronic voting records until minutes approval

The scrutinizer verified that all voting was conducted in compliance with Companies Act, 2013 and SEBI Listing Regulations.

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Rules thereunder
  • MCA Circulars regarding virtual meetings
  • All relevant regulatory requirements

Additional Information

The voting results and scrutinizer's report were made available on company website (www.bharatforge.com) and NSDL website (www.evoting.nsdl.com). Notice of AGM was published in newspaper on July 18, 2026 and sent to shareholders via email on July 17, 2026.