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Schaeffler India MD, chairman, board of directors and AGM

NSE: SCHAEFFLERBSE: 505790Auto ComponentsMid Cap

Formerly FAG Bearings India
Last close ₹3,473.20down ₹54.10 (1.53%)BSE ₹3,477.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹3,527.30.

52-week range of traded prices to 23 Oct 2026
₹3,430.20Low, 23 Oct 2026₹4,467.70High, 6 Mar 2026
Market cap
₹54,287 Cr168th largest listed
P/E
43.3
P/B
8.8
Dividend yield
1.01%
ROE
21.6%
ROCE
25.3%
Debt to equity
0.00
Volume, NSE
90,53268.2% delivered

Schaeffler India board of directors

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

  • ChairpersonERANTI V SUMITHASRI
  • Company Secretary and Compliance OfficerAshish Tiwari

9 directors4 independent2 executive3 non-executive

  • ARVIND BALAJIIndependent · joined Nov 2019 · reappointed Nov 2024 · 80 months as independent · 2 listed boards · 1 as independent · 4 committee seats
  • Hardevi VaziraniExecutive · joined Feb 2024 · reappointed Feb 2024 · 1 listed board · 1 committee seat
  • ERANTI V SUMITHASRI · ChairpersonIndependent · joined Jul 2020 · reappointed Jul 2025 · 72 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • HARSHA KADAMExecutive · joined Oct 2019 · reappointed Oct 2019 · 1 listed board · 1 committee seat
  • Jens SchulerNon-executive · joined Jan 2024 · reappointed Mar 2024 · 1 listed board
  • N V SivakumarIndependent · joined Nov 2024 · reappointed Nov 2024 · 23 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 5 as chair
  • Maximilian Andreas FiedlerNon-executive · joined Jan 2026 · reappointed Jan 2026 · 1 listed board
  • Christophe HannequinNon-executive · joined Jul 2026 · reappointed Jul 2026 · 1 listed board
  • Chetan Kumar MainiIndependent · joined Jul 2026 · reappointed Jul 2026 · 3 months as independent · 1 listed board · 1 as independent

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.

4 directors who left
  • Andreas Schick, left 31 Mar 2026: Others
  • AMIT KALYANI, left 23 Jul 2025: Others
  • DHARMESH ARORA, left 31 May 2025: Others
  • RENU CHALLU, left 5 Nov 2024: Tenure Completion

Committees and meetings

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

  • Board

    • 22 Jul 20269 of 9 present4 independent · 83 days in between
    • 29 Apr 20267 of 7 present3 independent

  • Audit Committee

    Chair N V Sivakumar

    ARVIND BALAJI, ERANTI V SUMITHASRI, Hardevi Vazirani

    • 22 Jul 20264 of 4 present3 independent · 83 days in between
    • 29 Apr 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair ARVIND BALAJI

    ERANTI V SUMITHASRI, N V Sivakumar, Maximilian Andreas Fiedler

    • 21 Jul 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair ERANTI V SUMITHASRI

    HARSHA KADAM, Hardevi Vazirani

    • 29 Apr 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Maximilian Andreas Fiedler

    HARSHA KADAM, ERANTI V SUMITHASRI, Jens Schuler, Hardevi Vazirani

    • 21 Jul 20265 of 5 present1 independent

  • Corporate Social Responsibility Committee

    Chair ARVIND BALAJI

    Jens Schuler, HARSHA KADAM, N V Sivakumar, Maximilian Andreas Fiedler

    No meeting listed in the filing.

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 Jun 2026.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2029
1 earlier auditor
  • Walker Chandiok & Co LLPNamed in filings from Mar 2025 to Mar 2026

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.

Schaeffler India 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.Schaeffler India dividend history

Postal ballot, 25 Sep 2026

72,876 shareholders on the register on 21 Aug 2026; votes counted by Mr. Suresh Kumar Kabra / Samdani Kabra & Asso..The company's voting result (opens in a new tab)

  1. To appoint Mr. Christophe Hannequin (DIN: 11696328) as a Non-Executive Non-Independent Director of Schaeffler India Limited
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.30% · other public 0.61%

    Turnout: all 93.76% · promoters 100.00% · institutions 95.09% · other public 1.82%

  2. To appoint Mr. Chetan Kumar Maini (DIN: 01612229) as an Independent Director of Schaeffler India Limited
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.97%

    Turnout: all 93.76% · promoters 100.00% · institutions 95.09% · other public 1.82%

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, 30 Apr 2026, 5 resolutions

69,534 shareholders on the register on 23 Apr 2026; present: 4 promoters and 53 others; votes counted by Suresh Kumar Kabra / M/s. Samdani Kabra & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at December 31, 2025 and the Statement of Profit and Loss for the year ended on that date together with Directors’ and Auditors’ Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 93.23% · promoters 100.00% · institutions 92.92% · other public 0.31%

  2. To declare Dividend on Equity Shares for the financial year ended December 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 93.26% · promoters 100.00% · institutions 93.08% · other public 0.31%

  3. To appoint a Director in place of Jens Schuler (DIN: 10422738), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.68% · other public 0.13%

    Turnout: all 93.23% · promoters 100.00% · institutions 92.94% · other public 0.31%

  4. To appoint Price Waterhouse, Chartered Accountants LLP (Firm Registration Number: 012754N N500016) as the Statutory Auditors for a term of 5 (Five) consecutive years and authorise Board of Directors to fix their remuneration.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 93.23% · promoters 100.00% · institutions 92.94% · other public 0.31%

  5. To ratify remuneration of the Cost Auditors.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 93.23% · promoters 100.00% · institutions 92.94% · other public 0.31%

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 Mar 2026, 1 resolution

68,496 shareholders on the register on 6 Feb 2026; votes counted by Suresh Kumar Kabra / M/s. Samdani Kabra & Associates.The company's voting result (opens in a new tab)

  1. To Appoint Mr. Maximilian Andreas Fiedler (DIN: 10406377) as a Non-Executive Non Independent Director of Schaeffler India Limited
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.24% · other public 3.47%

    Turnout: all 93.31% · promoters 100.00% · institutions 92.87% · other public 0.62%

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, 30 Apr 2025, 7 resolutions

76,987 shareholders on the register on 23 Apr 2025; present: 4 promoters and 64 others; votes counted by Suresh Kumar Kabra / M/s. Samdani Kabra & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at December 31, 2024 and the Statement of Profit and Loss for the year ended on that date together with Directors’ and Auditors’ Report thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.60%

    Turnout: all 93.39% · promoters 100.00% · institutions 93.68% · other public 0.26%

  2. To declare Dividend on Equity Shares for the financial year ended December 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.60%

    Turnout: all 93.39% · promoters 100.00% · institutions 93.68% · other public 0.26%

  3. To appoint a Director in place of Andreas Schick (DIN: 09257160), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    97.56% for2.44% against

    Against: promoters 0.00% · institutions 11.84% · other public 9.60%

    Turnout: all 93.39% · promoters 100.00% · institutions 93.67% · other public 0.26%

  4. To ratify remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.60%

    Turnout: all 93.39% · promoters 100.00% · institutions 93.68% · other public 0.26%

  5. To appoint M/s. Samdani Kabra & Associates, Company Secretaries, as Secretarial Auditors for the term of 5 (Five) consecutive years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 9.60%

    Turnout: all 93.39% · promoters 100.00% · institutions 93.67% · other public 0.26%

  6. Re-appointment of Eranti V. Sumithasri (DIN: 07087197) as an Independent Director
    Special
    99.96% for0.05% against

    Against: promoters 0.00% · institutions 0.21% · other public 9.69%

    Turnout: all 93.39% · promoters 100.00% · institutions 93.68% · other public 0.26%

  7. To approve Material Related Party Transactions with Schaeffler Technologies AG & Co. KG, Germany
    OrdinaryPromoters have an interest in it
    76.17% for23.83% against

    Against: promoters 0.00% · institutions 23.84% · other public 9.60%

    Turnout: all 19.26% · promoters 0.00% · institutions 93.68% · other public 0.26%

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, 25 Jan 2025, 1 resolution

77,730 shareholders on the register on 20 Dec 2024; votes counted by Suresh Kumar Kabra / M/s. Samdani Kabra & Associates.The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. AMIT KALYANI (DIN: 00089430) AS AN INDEPENDENT DIRECTOR
    Special
    88.05% for11.95% against

    Against: promoters 0.00% · institutions 59.24% · other public 1.15%

    Turnout: all 92.90% · promoters 100.00% · institutions 92.07% · other public 0.68%

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 Dec 2024, 3 resolutions

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

  1. RE-APPOINTMENT OF MR. HARSHA KADAM (DIN: 07736005) AS A MANAGING DIRECTOR
    Ordinary
    99.63% for0.37% against

    Against: promoters 0.00% · institutions 1.82% · other public 1.88%

    Turnout: all 92.80% · promoters 100.00% · institutions 91.66% · other public 0.61%

  2. RE-APPOINTMENT OF MR. ARVIND BALAJI (DIN: 00557711) AS AN INDEPENDENT DIRECTOR
    Special
    94.21% for5.79% against

    Against: promoters 0.00% · institutions 28.85% · other public 2.03%

    Turnout: all 92.80% · promoters 100.00% · institutions 91.66% · other public 0.60%

  3. APPOINTMENT OF MR. N. V. SIVAKUMAR (DIN: 03534101) AS AN INDEPENDENT DIRECTOR
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 1.01% · other public 1.85%

    Turnout: all 92.80% · promoters 100.00% · institutions 91.66% · 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, 26 Apr 2024, 6 resolutions

Present: 4 promoters and 74 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalonenand Consolidated Financial Statements includingnBalance Sheet as at December 31, 2023 and thenStatement of Profit and Loss for the year ended onnthat date together with Directors’ and Auditors’nReport thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 93.07% · promoters 100.00% · institutions 93.23% · other public 0.09%

  2. To declare Dividend on Equity Shares for the financialnyear ended December 31, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 93.07% · promoters 100.00% · institutions 93.23% · other public 0.09%

  3. To appoint a Director in place of Dharmesh Aroran(DIN: 05350121), who retires by rotation and beingneligible offers himself for re-appointment
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.86% · other public 0.98%

    Turnout: all 93.07% · promoters 100.00% · institutions 93.23% · other public 0.09%

  4. To ratify remuneration of the Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 93.07% · promoters 100.00% · institutions 93.23% · other public 0.09%

  5. Appointment of Hardevi Vazirani (DIN: 10212814)nas Director
    Ordinary
    97.69% for2.31% against

    Against: promoters 0.00% · institutions 11.34% · other public 0.27%

    Turnout: all 93.07% · promoters 100.00% · institutions 93.23% · other public 0.09%

  6. Appointment of Hardevi Vazirani (DIN: 10212814) asna Whole-Time Director, designated as Director-Finance
    Ordinary
    97.88% for2.12% against

    Against: promoters 0.00% · institutions 10.40% · other public 0.35%

    Turnout: all 93.07% · promoters 100.00% · institutions 93.23% · other public 0.09%

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, 21 Mar 2024, 1 resolution

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

  1. TO APPOINT MR. JENS SCHÜLER AS A DIRECTOR (NON-EXECUTIVE NON-INDEPENDENTnDIRECTOR)
    Ordinary
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.60% · other public 8.29%

    Turnout: all 92.88% · promoters 100.00% · institutions 92.89% · 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.

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 25 Sep 2026, 16 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To appoint Mr. Christophe Hannequin (DIN: 11696328) as a Non-Executive Non-Independent Director of Schaeffler India Limited
    16 for0 against
  • To appoint Mr. Chetan Kumar Maini (DIN: 01612229) as an Independent Director of Schaeffler India Limited
    16 for0 against

Mutual fund votes, meeting of 30 Apr 2026, 32 fund houses

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

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at December 31, 2025 and the Statement of Profit and Loss for the year ended on that date together with Directors’ and Auditors’ Report thereonMoreLess
    31 for0 against
  • To declare Dividend on Equity Shares for the financial year ended December 31, 2025
    32 for0 against
  • To appoint a Director in place of Jens Schuler (DIN: 10422738), who retires by rotation and being eligible offers himself for re-appointment.
    32 for0 against
  • To appoint Price Waterhouse, Chartered Accountants LLP (Firm Registration Number: 012754N N500016) as the Statutory Auditors for a term of 5 (Five) consecutive years and authorise Board of Directors to fix their remuneration.MoreLess
    32 for0 against
  • To ratify remuneration of the Cost Auditors.
    32 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against
6 earlier meetings

Mutual fund votes, meeting of 14 Mar 2026, 32 fund houses

  • To Appoint Mr. Maximilian Andreas Fiedler (DIN: 10406377) as a Non-Executive Non Independent Director of Schaeffler India Limited
    32 for0 against

Mutual fund votes, meeting of 30 Apr 2025, 29 fund houses

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

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at December 31, 2024 and the Statement of Profit and Loss for the year ended on that date together with Directors’ and Auditors’ Report thereonMoreLess
    27 for0 against
  • To declare Dividend on Equity Shares for the financial year ended December 31, 2024
    28 for0 against
  • To appoint a Director in place of Andreas Schick (DIN: 09257160), who retires by rotation and being eligible offers himself for re-appointment.
    Against HSBC Mutual Fund
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because Andreas Schick has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    28 for1 against
  • To ratify remuneration of the Cost Auditors
    7 for0 against
  • To appoint M/s. Samdani Kabra & Associates, Company Secretaries, as Secretarial Auditors for the term of 5 (Five) consecutive years.
    29 for0 against
  • Re-appointment of Eranti V. Sumithasri (DIN: 07087197) as an Independent Director
    29 for0 against
  • To approve Material Related Party Transactions with Schaeffler Technologies AG & Co. KG, Germany
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundOmnibus Approval for proposed RPT sought for more than one year.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Helios Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundNon-Compliant with SEBI Circular: Omnibus Approval for proposed RPT sought for more than one year.
    • Kotak Mahindra Mutual FundThe transaction-specific values have not been assigned, and a clubbed consideration has been fixed for the varied RPTs proposed. Therefore the Company should have sought an omnibus approval for the proposed RPTs for a year. As per SEBI Circular dated 8th April, 2022, omnibus approval of shareholders for material RPTs cannot be sought for a period of more than one year. In the present case, the Company is seeking shareholders approval for 3 financial years from FY 2026 to FY 2028. Hence voting against.
    • LIC Mutual FundConcerns raised by SES on Omnibus Approval for proposed RPT sought for more than one year.
    20 for9 against
5 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Ratification of remuneration of Rs. 2,50,000/- excluding all taxes and reimbursement of out of pocket expenses, Payable to M/s. Y. S. Thakar and Co., Cost Accountants (having Firm Registration No. 000318), appointed by the Board of Directors as Cost Auditors to conduct the audit of the cost records of the Company for the Financial Year ending December 31, 2025.MoreLess
    21 for0 against

Mutual fund votes, meeting of 25 Jan 2025, 24 fund houses

  • RE-APPOINTMENT OF MR. AMIT KALYANI (DIN: 00089430) AS AN INDEPENDENT DIRECTOR
    Against Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Mahindra Manulife Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, UTI Mutual Fund, Zerodha Mutual Fund
    • Axis Mutual FundAmit Kalyani, 48, is part of the promoter group of Bharat Forge Limited and its Joint Managing Director. He has been an independent director on the board of this company since 11 February 2020. He attended three out of six board meetings (50%) held in 2023 and three out of five board meetings (60%) held in 2024 as on date of notice. He has attended eight out of a total of sixteen board meetings (50%) over a three-year period. We expect directors to attend all board meetings and have a threshold of 75% over a three-year period. While his reappointment is in line with statutory regulations, we are unable to support the reappointment given his low attendance and does not given confidence on his time commitment as independent director.
    • Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with Law. Governance concern: Excessive Time commitment & Poor attendance.
    • Edelweiss Mutual Fund, Nippon India Mutual FundExcessive Time commitment & Poor attendance.
    • HSBC Mutual FundA vote AGAINST the following nominee is warranted because: Amit Kalyani serves on a total of more than six public company boards, which could potentially compromise his ability to commit sufficient time to his role in the company. Amit Kalyani has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.
    • Invesco Mutual FundAmit Kalyani, 48, is part of the promoter group of Bharat Forge Limited and its Joint Managing Director. He has been an independent director on the board of this company since 11 February 2020. He attended three out of six board meetings (50%) held in 2023 and three out of five board meetings (60%) held in 2024 as on date of notice. He has attended eight out of a total of sixteen board meetings (50%) over a three-year period. We expect directors to attend all board meetings and have a threshold of 75% over a three-year period. While his reappointment is in line with statutory regulations, we are unable to support the reappointment given his low attendance
    • Mahindra Manulife Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund, UTI Mutual FundAmit Kalyani, 48, is part of the promoter group of Bharat Forge Limited and its Joint Managing Director. He has been an independent director on the board of this company since 11 February 2020. He attended three out of six board meetings (50%) held in 2023 and three out of five board meetings (60%) held in 2024 as on date of notice. He has attended eight out of a total of sixteen board meetings (50%) over a three-year period. We expect directors to attend all board meetings and have a threshold of 75% over a three-year period. While his reappointment is in line with statutory regulations, we are unable to support the reappointment given his low attendance.
    10 for14 against

Mutual fund votes, meeting of 14 Dec 2024, 26 fund houses

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

  • RE-APPOINTMENT OF MR. HARSHA KADAM (DIN: 07736005) AS A MANAGING DIRECTOR
    25 for0 against
  • RE-APPOINTMENT OF MR. ARVIND BALAJI (DIN: 00557711) AS AN INDEPENDENT DIRECTOR
    Against Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Groww Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundNo concern on the merits of the proposed appointee. Re-appointment not in compliance with law: Prior shareholders’ approval not obtained for re-appointment as Independent Director.
    • Baroda BNP Paribas Mutual FundNo concern on the merits of the proposed appointee. In the present case, the term of Mr. Arvind Balaji has already ended on 5 th November, 2024. Therefore, he ceased to be a Director of the Company, unless re-appointed by the shareholders prior to his term coming to end. Since, the eligibility of re-appointment is a Special Resolution by shareholders, therefore, such approval should have been obtained on or before 5th November, 2024. As per our advisory firm re-appointment is not in compliance with law which states that “Prior shareholders’ approval not obtained for re-appointment as Independent Director. Also, as per our advisory firm, the power to re-appoint IDs rests with the shareholders, and the Board cannot re-appoint them directly.
    • Kotak Mahindra Mutual FundNo major concern has been identified w.r.t. the profile, time-commitments, independence & attendance performance of Mr. Arvind Balaji. However, the Director s first term as an Independent Director in the Company ended on 5th November, 2024. We believe the company should have sought approval for his reappointment prior to the completion of his first term. Since no clarification is given by the company on the same, voting against.
    • LIC Mutual FundNo concern on the merits of the proposed appointee. Re-appointment not in compliance with law: Prior shareholders approval not obtained for re-appointment as Independent Director.
    • Nippon India Mutual FundPrior shareholders’ approval not obtained for re-appointment as Independent Director.
    17 for8 against
  • APPOINTMENT OF MR. N. V. SIVAKUMAR (DIN: 03534101) AS AN INDEPENDENT DIRECTOR
    25 for0 against
3 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 26 Apr 2024, 23 fund houses

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

  • To receive, consider and adopt the Audited Standalonenand Consolidated Financial Statements includingnBalance Sheet as at December 31, 2023 and thenStatement of Profit and Loss for the year ended onnthat date together with Directors’ and Auditors’nReport thereon.MoreLess
    19 for0 against
  • To declare Dividend on Equity Shares for the financialnyear ended December 31, 2023.
    22 for0 against
  • To appoint a Director in place of Dharmesh Aroran(DIN: 05350121), who retires by rotation and beingneligible offers himself for re-appointment
    22 for0 against
  • To ratify remuneration of the Cost Auditors
    5 for0 against
  • Appointment of Hardevi Vazirani (DIN: 10212814)nas Director
    20 for0 against
  • Appointment of Hardevi Vazirani (DIN: 10212814) asna Whole-Time Director, designated as Director-Finance
    20 for0 against
12 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    1 for0 against
  • Adoption of standalone and consolidated financial statements for the year ended 31 December 2023
    2 for0 against
  • Appoint Ms. Hardevi Vazirani (DIN: 10212814) as Director- Finance and Chief Financial Officer for five years from 13 February 2024 and fix her remuneration
    2 for0 against
  • Appoint Ms. Hardevi Vazirani (DIN: 10212814) as Director from 13 February 2024, liable to retire by rotation
    2 for0 against
  • Approve remuneration of Rs. 250,000 to Y. S. Thakar & Co., as cost auditors for financial year ending 31 December 2024
    2 for0 against
  • Ratification of remuneration of Rs. 2,50,000/- excluding all taxes and reimbursement of out of pocket expenses payable to M/s. Y. S. Thakar and Co., Cost Accountants having Firm Registration No. 000318, appointed by the Board of Directors as Cost Auditors to conduct the audit of the cost records of the Company for the Financial Year ending December 31, 2024.MoreLess
    15 for0 against

Mutual fund votes, meeting of 21 Mar 2024, 23 fund houses

  • TO APPOINT MR. JENS SCHÜLER AS A DIRECTOR (NON-EXECUTIVE NON-INDEPENDENTnDIRECTOR)
    23 for0 against

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

Fines

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltySahar Air Cargo ACCSince 1 Jul 2026

    DELAY FOR RECEIVED PACKING LIST

    LATE BOE FILE
  • Fine or penaltyNhava Sheva SEASince 19 Jun 2026

    Late checklist approved

    LATE BOE FILE
  • Fine or penaltyChennai SeaSince 6 Jul 2026

    Invoice received delay from supplier

    LATE BOE FILE
  • Fine or penaltyINNSA1Since 8 Jul 2026

    Revised invoice received after arrival

    LATE BOE FILE
  • Fine or penaltyINBOM4Since 3 Jul 2026

    IGM AMENDMENT

    PENALTY
  • Fine or penaltyINNSA1Since 29 Jun 2026

    VESSEL PRE ARRIVED

  • Fine or penaltyINBOM4Since 15 Jul 2026

    Revised invoice received after arrival

    LATE BOE FILE
  • Fine or penaltyINBOM4Since 21 Jul 2026

    FTA CERTIFICATE RECEIVED AFTER ARRIVAL.

    LATE BOE FILE
22 more
  • Fine or penaltyINBLR4Since 11 Jul 2026

    IGM AMENDMENT

    LATE BOE FILE
  • Fine or penaltyINBOM4Since 21 Jul 2026

    CTH confirmation received after arrival

    LATE BOE FILE
  • Fine or penaltyINBLR4Since 21 Jul 2026

    PRE ALERT RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINNSA1Since 17 Apr 2026

    IGM AMENDMENT

    PENALTY
  • Fine or penaltyINNSA1Since 30 Jul 2026

    Revise Invoice received delay

    LATE BOE FILE
  • Fine or penaltyINMAA1Since 8 Aug 2026

    POST BOE CHARGES

    PENALTY
  • Fine or penaltyINBOM4Since 14 Aug 2026

    DELAY FROM UPS , FLIGHT ARRIVAL DETAIL NOT SHARED

    LATE BOE FILE
  • Fine or penaltyINBOM4Since 4 Aug 2026

    Commrecial Invoics received after arrival

    LATE BOE FILE
  • Fine or penaltyINBLR4Since 10 Aug 2026

    PRE ALERT RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINBLR4Since 10 Aug 2026

    PRE ALERT RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINNSA1Since 13 Aug 2026

    COO RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINMAA4Since 18 Aug 2026

    PRE LAERT RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINMAA4Since 1 Sep 2026

    PRE LAERT RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINNSA1Since 1 Sep 2026

    EPCG LIC RECEIVED LATE

    LATE BOE FILE
  • Fine or penaltyINNSA1Since 21 Aug 2026

    Revised invoice received after arrival

    LATE BOE FILE
  • Fine or penaltyINBOM4Since 9 Sep 2026

    DOCUMENT ISSUE BY SIL

    LATE BOE FILE
  • Fine or penaltyINMAA1Since 5 Sep 2026

    PRE LAERT RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINBLR4Since 9 Jul 2026

    PRE LAERT RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINHYD4Since 16 Sep 2026

    PRE LAERT RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINBOM4Since 15 Sep 2026

    COO RECEIVED DELAY

    LATE BOE FILE
  • Fine or penaltyINBOM4Since 18 Sep 2026

    CTH and Description Confirm after arrival

    LATE BOE FILE
  • Fine or penaltyBSE LimitedSince 31 Jul 2026

    Fine of INR 292,640 for non-compliance with Regulation 18 of SEBI Listing Regulation regarding constitution of the Audit Committee

    constitution of the Audit Committee was not as per Regulation 18 of SEBI Listing Regulation from October 23, 2025 until July 23, 2026.

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 1 complaint open, quarter to Jun 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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.