Bharat Forge logo

Bharat Forge MD, chairman, board of directors and AGM

NSE: BHARATFORGBSE: 500493Auto ComponentsMid Cap

Last close ₹1,711.20down ₹29.80 (1.71%)BSE ₹1,709.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,741.00.

52-week range of traded prices to 23 Oct 2026
₹1,265.00Low, 23 Oct 2025₹2,295.00High, 10 Aug 2026
Market cap
₹83,621 Cr127th largest listed
P/E
118.4
P/E without one-offs
68.6
P/B
8.7
Dividend yield
0.50%
ROE
7.5%
ROE without one-offs
13.0%
ROCE
11.9%
Debt to equity
0.72
Volume, NSE
9,15,93349.3% delivered

Bharat Forge board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonBABASAHEB NEELKANTH KALYANI
  • Company Secretary and Compliance OfficerTejaswini Chaudhari

10 directors5 independent4 executive1 non-executive

  • BABASAHEB NEELKANTH KALYANI · ChairpersonExecutive · joined Mar 1993 · reappointed Mar 2023 · 3 listed boards · 3 committee seats, 1 as chair
  • AMIT BABASAHEB KALYANIExecutive · joined May 2004 · reappointed May 2024 · 6 listed boards · 2 committee seats
  • BASAVRAJ KALYANIExecutive · joined May 2006 · reappointed May 2026 · 1 listed board
  • ASHISH BHARAT RAMNon-executive · joined Sep 2023 · reappointed Sep 2023 · 4 listed boards · 1 as independent · 3 committee seats, 1 as chair
  • SUBODH EKNATH TANDALEExecutive · joined May 2006 · reappointed May 2026 · 1 listed board
  • KANWAR BIR SINGH ANANDIndependent · joined Jun 2022 · reappointed Jun 2025 · 48 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 3 as chair
  • SONIA SINGHIndependent · joined Jun 2022 · reappointed Jun 2025 · 48 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
  • DIPAK BALASAHEB MANEIndependent · joined Jun 2019 · reappointed Jun 2024 · 84 months as independent · 1 listed board · 1 as independent
  • ANAND PATHAKIndependent · joined Jul 2024 · reappointed Jul 2024 · 24 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • RASHMI JOSHIIndependent · joined Dec 2024 · reappointed Dec 2024 · 18 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • RAVI KAPOOR, left 30 Sep 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 7 May 20269 of 10 present4 independent · 27 days in between
    • 9 Apr 20269 of 10 present5 independent · 55 days in between
    • 12 Feb 202610 of 10 present5 independent

  • Audit Committee

    Chair KANWAR BIR SINGH ANAND

    RASHMI JOSHI, ASHISH BHARAT RAM

    • 7 May 20263 of 3 present2 independent · 27 days in between
    • 9 Apr 20262 of 3 present2 independent · 55 days in between
    • 12 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair DIPAK BALASAHEB MANE

    ASHISH BHARAT RAM, SONIA SINGH, RASHMI JOSHI

    • 29 Jun 20263 of 4 present3 independent · 55 days in between
    • 4 May 20264 of 4 present3 independent · 58 days in between
    • 6 Mar 20263 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair ANAND PATHAK

    BABASAHEB NEELKANTH KALYANI, AMIT BABASAHEB KALYANI, SONIA SINGH

    • 4 May 20264 of 4 present2 independent

  • Risk Management Committee

    Chair BABASAHEB NEELKANTH KALYANI

    AMIT BABASAHEB KALYANI, ASHISH BHARAT RAM, RASHMI JOSHI

    • 1 Jun 20264 of 4 present1 independent

  • Corporate Social Responsibility Committee

    Chair BABASAHEB NEELKANTH KALYANI

    ANAND PATHAK, AMIT BABASAHEB KALYANI, KANWAR BIR SINGH ANAND

    • 6 May 20263 of 4 present2 independent

  • ESG Committee

    Chair AMIT BABASAHEB KALYANI

    DIPAK BALASAHEB MANE, SONIA SINGH

    • 4 May 20263 of 3 present2 independent · 95 days in between
    • 28 Jan 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • B S R & Co. LLPPeer-review certificate valid to Jul 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Bharat Forge AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Bharat Forge dividend history

Postal ballot, 11 Sep 2026

2,38,436 shareholders on the register on 7 Aug 2026; votes counted by Mr. Sridhar Mudaliar / M/s. SVD & Associates.The company's voting result (opens in a new tab)

  1. Issuance of Securities up to ₹ 25,000 Million (Rupees Twenty-Five Thousand Million)
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.41% · other public 0.93%

    Turnout: all 85.14% · promoters 98.52% · institutions 88.46% · other public 3.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 11 Aug 2026, 5 resolutions

2,38,323 shareholders on the register on 4 Aug 2026; present: 7 promoters and 56 others; votes counted by Mr. Sridhar Mudaliar / SVD & Associates.The company's voting result (opens in a new tab)

  1. 1- To consider and adopt the Audited Standalone and Consolidated Financial Statement of the Company for the Financial year ended March 31, 2026 together with the reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 85.21% · promoters 98.52% · institutions 89.07% · other public 0.54%

  2. 2- To confirm the payment of an Interim dividend and to declare a final dividend on Equity Shares for the Financial Year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 85.22% · promoters 98.52% · institutions 89.10% · other public 0.53%

  3. 3- To appoint a Director in the place of Mr. Ashish Bharat Ram (DIN: 00671567), who retires by roatation, and being eligible, offer himself for re-appointment
    Ordinary
    95.22% for4.78% against

    Against: promoters 0.00% · institutions 9.76% · other public 1.40%

    Turnout: all 85.22% · promoters 98.52% · institutions 89.09% · other public 0.53%

  4. 4- Appointment of Mr. Ashish Bharat Ram (DIN: 00671567) as a Non-Executive Non-Independent Director of the Company
    Ordinary
    96.95% for3.05% against

    Against: promoters 0.00% · institutions 6.23% · other public 1.62%

    Turnout: all 85.00% · promoters 98.52% · institutions 88.63% · other public 0.53%

  5. 5- To ratify the remuneration of Cost Auditor for the financial year 2026-27
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 85.22% · promoters 98.52% · institutions 89.09% · other public 0.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Apr 2026, 2 resolutions

2,28,158 shareholders on the register on 13 Mar 2026; votes counted by Ms. Ashwini Inamdar / M/s. Mehta & Mehta.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. B. P. Kalyani (DIN: 00267202) as a Whole-Time Director designated as Executive Director of the Company
    Ordinary
    99.29% for0.72% against

    Against: promoters 0.00% · institutions 1.45% · other public 0.97%

    Turnout: all 85.70% · promoters 98.52% · institutions 89.98% · other public 0.60%

  2. Re-appointment of Mr. S. E. Tandale (DIN: 00266833) as a Whole-Time Director designated as Executive Director of the Company.
    Ordinary
    99.28% for0.72% against

    Against: promoters 0.00% · institutions 1.45% · other public 1.68%

    Turnout: all 85.70% · promoters 98.52% · institutions 89.98% · other public 0.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 7 Aug 2025, 6 resolutions

2,54,642 shareholders on the register on 31 Jul 2025; present: 7 promoters and 59 others; votes counted by Mr. Nishad Umranikar / M/s MSN Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 0.92% · other public 4.76%

    Turnout: all 83.46% · promoters 98.52% · institutions 87.47% · other public 0.32%

  2. To confirm the payment of an interim dividend and to declare a final dividend on Equity Shares for the Financial Year ended March 31, 2025.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.10%

    Turnout: all 83.49% · promoters 98.52% · institutions 87.54% · other public 0.32%

  3. To appoint a Director in the place of Mr. S. E. Tandale (DIN: 00266833), who retires by rotation, and being eligible, offers himself for re-appointment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.17% · other public 6.67%

    Turnout: all 83.48% · promoters 98.52% · institutions 87.51% · other public 0.32%

  4. To appoint Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.75%

    Turnout: all 83.48% · promoters 98.52% · institutions 87.51% · other public 0.32%

  5. To ratify the remuneration of Cost Auditors for financial year 2025-26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 5.03%

    Turnout: all 83.48% · promoters 98.52% · institutions 87.51% · other public 0.32%

  6. To enhance limits under Section 180(1)(a) of the Companies Act, 2013 for creation of mortgage and/or charge
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.87%

    Turnout: all 83.48% · promoters 98.52% · institutions 87.51% · other public 0.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Jun 2025, 2 resolutions

2,28,009 shareholders on the register on 9 May 2025; votes counted by Sridhar Mudaliar / SVD & Associates.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. K.B.S. Anand (DIN: 03518282) as an Independent Director of the Company.
    Special
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 3.05% · other public 4.22%

    Turnout: all 85.53% · promoters 98.51% · institutions 90.87% · other public 0.59%

  2. Re-appointment of Ms. Sonia Singh (DIN: 07108778) as an Independent Director of the Company.
    Special
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 0.75% · other public 4.62%

    Turnout: all 85.53% · promoters 98.51% · institutions 90.87% · other public 0.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Feb 2025, 2 resolutions

2,13,335 shareholders on the register on 9 Jan 2025; votes counted by Mr.Sridhar Mudaliar / M/s. SVD and Associates, Pune.The company's voting result (opens in a new tab)

  1. Appointment of Ms. Rashmi Joshi (DIN: 06641898) as an Independent Director of the Company
    Special
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.52% · other public 1.76%

    Turnout: all 84.72% · promoters 98.52% · institutions 88.92% · other public 0.75%

  2. Appointment of Mr. Ravi Kapoor (DIN: 00185981) as an Independent Director of the Company
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.13% · other public 1.89%

    Turnout: all 84.72% · promoters 98.52% · institutions 88.92% · other public 0.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Nov 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Issuance of Securities upto ¿ 2,000 Crore (Rupees Two Thousand Crores)
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.28% · other public 3.11%

    Turnout: all 85.05% · promoters 98.52% · institutions 89.39% · other public 0.65%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 9 Aug 2024, 5 resolutions

Present: 10 promoters and 48 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.54% · other public 0.81%

    Turnout: all 84.32% · promoters 98.51% · institutions 87.91% · other public 0.34%

  2. To confirm the payment of an interim dividend and to declare a final dividend on equity shares for the Financial Year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 84.34% · promoters 98.51% · institutions 87.95% · other public 0.34%

  3. To appoint a Director in the place of Mr. B. P. Kalyani (DIN: 00267202), who retires by rotation, and being eligible, offers himself for re-appointment as a director liable to retire by rotation
    Ordinary
    92.35% for7.65% against

    Against: promoters 0.00% · institutions 16.23% · other public 0.93%

    Turnout: all 84.34% · promoters 98.51% · institutions 87.95% · other public 0.34%

  4. Ratification of remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 84.33% · promoters 98.51% · institutions 87.94% · other public 0.34%

  5. Appointment of Mr. Anand Pathak (DIN: 01529308) as an Independent Director of the Company
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.30% · other public 0.99%

    Turnout: all 84.34% · promoters 98.51% · institutions 87.95% · other public 0.34%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 11 Sep 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Issuance of Securities up to ₹ 25,000 Million (Rupees Twenty-Five Thousand Million)
    15 for0 against

Mutual fund votes, meeting of 11 Aug 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • 1- To consider and adopt the Audited Standalone and Consolidated Financial Statement of the Company for the Financial year ended March 31, 2026 together with the reports of Board of Directors and Auditors thereon.MoreLess
    15 for0 against
  • 2- To confirm the payment of an Interim dividend and to declare a final dividend on Equity Shares for the Financial Year ended March 31, 2026
    15 for0 against
  • 3- To appoint a Director in the place of Mr. Ashish Bharat Ram (DIN: 00671567), who retires by roatation, and being eligible, offer himself for re-appointment
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance concern: proposed appointee is member of Nomination & Remuneration Committee and Skewed remuneration in favor of promoter Executive Directors.
    • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on Profile, Merit & Attendance of appointee. Governance concern: proposed appointee is member of NRC and Skewed remuneration in favor of promoter EDs.
    7 for4 against
  • 4- Appointment of Mr. Ashish Bharat Ram (DIN: 00671567) as a Non-Executive Non-Independent Director of the Company
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual Fund
    • Angel One Mutual FundGovernance concern: proposed appointee is member of Nomination & Remuneration Committee and Skewed remuneration in favor of promoter Executive Directors.
    • Edelweiss Mutual Fund, Navi Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on Profile, Merit & Attendance of appointee. Governance concern: proposed appointee is member of NRC and Skewed remuneration in favor of promoter EDs.
    11 for4 against
  • 5- To ratify the remuneration of Cost Auditor for the financial year 2026-27
    15 for0 against
2 proposals not matched to one resolution
  • 3) Reappoint Ashish Bharat Ram (DIN: 00671567) as Non-Executive Non-Independent Director, liable to retire by rotation
    1 for0 against
  • Reappoint Ashish Bharat Ram (DIN: 00671567) as Non-Executive Non-Independent Director, liable to retire by rotation
    3 for0 against
6 earlier meetings

Mutual fund votes, meeting of 22 Apr 2026, 34 fund houses

  • Re-appointment of Mr. B. P. Kalyani (DIN: 00267202) as a Whole-Time Director designated as Executive Director of the Company
    34 for0 against
  • Re-appointment of Mr. S. E. Tandale (DIN: 00266833) as a Whole-Time Director designated as Executive Director of the Company.
    34 for0 against

Mutual fund votes, meeting of 7 Aug 2025, 29 fund houses

  • To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the reports of the Board of Directors and Auditors thereonMoreLess
    Against Angel One Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundNon-disclosure of the audited financial statements of all subsidiaries on the website of the Company.
    • Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundUnqualified financial statements except certain non-material remarks identified in CARO Report. Non-Compliant with S.136(1) of the Companies Act: Non-disclosure of the audited financial statements of all subsidiaries on the website of the Company.
    • LIC Mutual FundConcern over Non-disclosure of the audited financial statements of all subsidiaries on the website of the Company.
    23 for6 against
  • To confirm the payment of an interim dividend and to declare a final dividend on Equity Shares for the Financial Year ended March 31, 2025.
    29 for0 against
  • To appoint a Director in the place of Mr. S. E. Tandale (DIN: 00266833), who retires by rotation, and being eligible, offers himself for re-appointment.
    29 for0 against
  • To appoint Secretarial Auditors of the Company
    29 for0 against
  • To ratify the remuneration of Cost Auditors for financial year 2025-26
    29 for0 against
  • To enhance limits under Section 180(1)(a) of the Companies Act, 2013 for creation of mortgage and/or charge
    29 for0 against

Mutual fund votes, meeting of 19 Jun 2025, 27 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Re-appointment of Mr. K.B.S. Anand (DIN: 03518282) as an Independent Director of the Company.
    26 for0 against
  • Re-appointment of Ms. Sonia Singh (DIN: 07108778) as an Independent Director of the Company.
    27 for0 against
1 proposal not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 14 Feb 2025, 29 fund houses

  • Appointment of Ms. Rashmi Joshi (DIN: 06641898) as an Independent Director of the Company
    29 for0 against
  • Appointment of Mr. Ravi Kapoor (DIN: 00185981) as an Independent Director of the Company
    29 for0 against

Mutual fund votes, meeting of 8 Nov 2024, 29 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Issuance of Securities upto ¿ 2,000 Crore (Rupees Two Thousand Crores)
    8 for0 against
1 proposal not matched to one resolution
  • To create, issue, offer and allot (including with provisions for reservations on firm and / or competitive basis or such part of issue and for such categories of persons as may be permitted under the applicable laws) such number of Securities (as defined hereinafter), for cash at such price that may be decided by the Board in terms of the applicable regulations and as permitted under the applicable laws, in one or more tranches, with or without a Green Shoe Option for an aggregate amount of up to Rs. 2,000 Crore.MoreLess
    21 for0 against

Mutual fund votes, meeting of 9 Aug 2024, 26 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors and Auditors thereonMoreLess
    25 for0 against
  • To confirm the payment of an interim dividend and to declare a final dividend on equity shares for the Financial Year ended March 31, 2024
    25 for0 against
  • To appoint a Director in the place of Mr. B. P. Kalyani (DIN: 00267202), who retires by rotation, and being eligible, offers himself for re-appointment as a director liable to retire by rotation
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because the board is chaired by an executive director and the board is not at least one-half independent and Basavraj Prabhakar Kalyani is a non-independent director nominee.
    24 for1 against
  • Ratification of remuneration of Cost Auditors
    25 for0 against
  • Appointment of Mr. Anand Pathak (DIN: 01529308) as an Independent Director of the Company
    25 for0 against
1 proposal not matched to one resolution
  • 1. To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the reports of the Board of Directors 2. To confirm the payment of an interim dividend and to declare a final dividend on equity shares for the Financial Year ended March 31, 2024. 3. To appoint a Director in the place of Mr. B. P. Kalyani (DIN: 00267202), who retires by rotation, and being eligible, offers himself for re-appointment as a director liable to retire by rotation. 4. Ratification of remuneration of Cost Auditors. 5. Appointment of Mr. Anand Pathak (DIN: 01529308) as an Independent Director of the Company.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines, tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtFortuna Engineering Private LimitedSince 8 May 2026

    30.00% bought in the quarter; holding 30.00%, from 0.00%

  • Unlisted stake boughtRS Aerostructures LimitedSince 24 Jun 2026

    90.00% bought in the quarter; holding 90.00%, from 0.00%

  • Fine or penaltyADDITIONAL CHIEF JUDICIAL MAGISTRATE, PUNESince 18 Jun 2026

    Imposition of Fine of Rs. 75000/ on the Occupier of Bharat Forge Limited for the offence, under Section 92, of The Factories Act 1948, for violating Sections 7A(2)(a), of the Factories Act, 1948.

    The occupier failed to make provision of the plant system of work in the factory that are safe and without risk to health and due to which serious accident was occurred and one of the worker in the factory got injuryMoreLess
  • Fine or penaltyADDITIONAL CHIEF JUDICIAL MAGISTRATE, PUNESince 18 Jun 2026

    Imposition of Fine of Rs. 75000/ on the Occupier of Bharat Forge Limited for the offence, under Section 92, of The Factories Act 1948, for violating Sections 7A(2)(a), of the Factories Act, 1948.

    The occupier failed to make provision of the plant system of work in the factory that are safe and without risk to health and due to which serious accident was occurred and one of the worker in the factory got injuryMoreLess
  • Fine or penaltyNational Stock ExchangeSince 30 Apr 2026

    Imposition of penalty of Rs. 10,000 for delayed compliance of Regulation 60 (2), of SEBI (LODR) Regulations, 2015

    Delayed compliance of Regulation 60 (2), of SEBI (LODR) Regulations, 2015 i.e. delay by 3 days in intimation of the Record Date for payment of interest of Non-Convertible Debentures to National Stock Exchange of India (NSE)MoreLess
  • Tax disputePune Cantonment BoardSince 4 Jun 2010
    The Company has paid the full property tax up to FY 2025-26 along with interest under protest. Currently, the writ petition no 4293/2010 is pending before the Hon’ble Bombay High Court and the year-wise appeals are pending before the Pune District Court. The Company has filed a Writ Petition before the Bombay High Court challenging the order by which the District Court has confirmed the property tax bills for the FY 2023-24 and 2024-25 and paid Rs. 24,11,08,644/- (includes interest) against Bharat Forge. The Company has filed an appeal before the District Court challenging the property tax bill for the period 2026-2027.MoreLess
    At the filing before: The Company has challenged revision of Annual Rateable Value (“ARV”) & property tax bill based on revised ARV for set of Triennial period 2004-05 to 2025-26 (extended till the date) raised by PCB which was contrary to the settlement between the Company and PCB. The decision on Appeal for certain periods filed before the Pune District Court and Writ Petition filed before Bombay High Court is pending. However, the Company has paid the entire amount demanded under protest. This litigation will not have any adverse financial impact on the Company. Property Tax from 2004-05 till FY 2019-2020 has been paid in full under protest - in event of Company succeeding in appeals - favourable impact to the tune of INR 30.50 crores. Th District Court vide Order dated 01.10.2025 has confirmed the property tax bills for the FY 2023-24 and 2024-25 and paid Rs. 24,11,08,644/- (includes interest) against Bharat Forge. However, for the remaining period, the appeals are still pending for adjudiciation.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 3 complaints open, quarter to Sep 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.