Bharat Forge : Quarterly Report on Corporate Governance

General information about company

Scrip code	500493
NSE Symbol	BHARATFORG
MSEI Symbol	NOTLISTED
ISIN	INE465A01025
Name of the entity	BHARAT FORGE LIMITED
Date of start of financial year	01-04-2023
Date of end of financial year	31-03-2024
Reporting Quarter	Quarterly
Date of Report	31-12-2023
Risk management committee	Applicable
Market Capitalisation as per immediate previous	Top 500 listed entities
Financial Year

Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disclosure of notes on composition of board of

Add Notes

directors explanatory

Whether the listed entity has a Regular

Yes

Chairperson

Whether Chairperson is related to MD or CEO

Yes

Disqualification of Directors under section 164 of

the Companies Act, 2013

Da

No of

No of

Numbe

No of

Directo

Indepe

r of

post of

te

Whether

rship in

ndent

membe

Chairp

of

special

Ten

listed

Directo

rships

erson

Tit

pa

Wheth

resolutio

ure

entitie

rship in

in

in

le

Cate

ssi

Catego

Da

er the

Start

End Date

Details

Curr

n passed?

Initial

Date of

Date

of

s

listed

Audit/

Audit/

(

gory

ng

Name of

ry 1 of

Category 2 of

te

directo

Date of

of

of

ent

[Refer

Date of

Re-

of

direc

includi

entities

Stakeh

Stakeh

Sr

M

PAN

DIN

3 of

sp

the Director

directo

directors

of

r is

disqualif

disqualif

disqualif

stat

Reg.

appoin

appoin

cessa

tor

ng this

includi

older

older

r /

direc

eci

rs

Bir

disqual

ication

ication

ication

us

17(1A) of

tment

tment

tion

(in

listed

ng this

Commit

Commi

M

tors

al

th

ified?

Listing

mon

entity

listed

tee(s)

ttee

s)

res

Regulatio

ths)

(Refer

entity

includin

held in

olu

ns]

Regula

[with

g this

listed

tio

tion

referen

listed

entitie

n

17A of

ce to

entity

s

Listing

Regula

tions)

proviso

to

regulat

ion

17A(1)

&

17A(2)]

(Refer	includi
Regulat	ng this
ion	listed
26(1) of	entity
Listing	(Refer
Regulat	Regula
ions)	tion
	26(1)
	of
	Listing
	Regula
	tions)

			Add	Delete
											07
											-
								Executi			01
				BABASAHEB	ABIP	000	ve			-
		M		NEELKANTH	K578	893	Directo			19					Acti			30-03-	30-03-
	1	r		KALYANI		2A	80	r	Chairperson	MD	49	No				ve	NA		1993	2023			4	0	3	0
								Non-
								Executi			15
								ve -			-
								Indepe			10							13-
				PRATAP		AAU	000	ndent			-							08-
		M		GOVIND		PP92	189	Directo			19					Acti		20	04-09-	04-09-		112.
	2	r		PAWAR		72H	85	r	Not Applicable		44	No				ve	Yes	19	2014	2019		00	1	1	2	2
								Non-
								Executi			04
								ve -			-
								Indepe			10							13-
						AAEP	000	ndent			-							08-
		M		LALITA D		G569	435	Directo			19					Acti		20	04-09-	04-09-		112.
	3	rs		GUPTE		6C	59	r	Not Applicable		48	No				ve	Yes	19	2014	2019		00	2	2	2	0
								Non-
								Executi			20
								ve -			-
				PURANAM			Indepe			07
				HAYAGREEV	AAJP	002	ndent			-
		M		A		R680	800	Directo			19					Acti			04-09-	04-09-		112.
	4	r		RAVIKUMAR	9H	10	r	Not Applicable		51	No				ve	NA		2014	2019		00	2	2	5	2
								Non-
								Executi			23
								ve -			-
								Indepe			08
						ABJP	000	ndent			-
		M		VIMAL		B861	013	Directo			19					Acti			04-09-	04-09-		112.
	5	r		BHANDARI	2R	18	r	Not Applicable		58	No				ve	NA		2014	2019		00	5	5	6	2

					Non-
					Executi			23
					ve -			-
					Indepe			11
		DIPAK	AEGP	012	ndent			-
	M	BALASAHEB	B389	158	Directo			19					Acti			21-06-	21-06-		55.0
6	r	MANE	4K	89	r	Not Applicable		60	No				ve	NA		2019	2019		0	1	1	0	0
					Non-
					Executi			21
					ve -			-
					Indepe			04
			BGG	014	ndent			-
	M	MURALI	PS51	612	Directo			19					Acti			21-06-	21-06-		55.0
7	r	SIVARAMAN	59F	31	r	Not Applicable		61	No				ve	NA		2019	2019		0	5	5	4	1
					Non-
					Executi			30
					ve -			-
					Indepe			08
		KANWAR	AABP	035	ndent			-
	M	BIR SINGH	A658	182	Directo			19					Acti			27-06-	27-06-		18.0
8	r	ANAND	6A	82	r	Not Applicable		55	No				ve	NA		2022	2022		0	6	6	6	1
					Non-
					Executi			05
					ve -			-
					Indepe			09
			ABSP	071	ndent			-
	M	SONIA	S420	087	Directo			19					Acti			27-06-	27-06-		18.0
9	s	SINGH	6M	78	r	Not Applicable		64	No				ve	NA		2022	2022		0	2	2	2	1
					Non-
					Executi
					ve -			31
					Non			-
					Indepe			12
		ASHISH	AAH	006	ndent			-
	M	BHARAT	PR14	715	Directo			19					Acti			01-09-
10	r	RAM	97F	67	r	Not Applicable		68	No				ve	NA		2023				4	2	2	1
								17
								-
					Executi			02
		GOPAL	AAN	000	ve			-
	M	KRISHAN	PA35	376	Directo			19					Acti			01-04-	01-04-
11	r	AGARWAL	55B	78	r	Not Applicable		51	No				ve	NA		1998	2023			1	0	0	0
								26
								-
					Executi			07
		AMIT	ABAP	000	ve			-
	M	BABASAHEB	K786	894	Directo			19					Acti			11-05-	11-05-
12	r	KALYANI	9A	30	r	Not Applicable		75	No				ve	NA		2004	2019			7	1	2	0
			ABAP	002				31
	M	BASAVRAJ	K776	672	Executi			-					Acti			23-05-	23-05-
13	r	KALYANI	3R	02	ve	Not Applicable		07	No				ve	NA		2006	2021			1	0	0	0

					Directo			-
					r			19
								62
								24
								-
					Executi			09
		SUBODH	AALP	002	ve			-
	M	EKNATH	T089	668	Directo			19					Acti			23-05-	23-05-
14	r	TANDALE	7M	33	r	Not Applicable		68	No				ve	NA		2006	2021			1	0	0	0

Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory

Add Notes

Note: Please enter DIN. After entering DIN, Name of Committee members and Category 1 of Directors shall be prefilled automatically

Audit Committee Details

Whether the Audit Committee has a Regular Chairperson

Yes

Sr

DIN Number

Name of Committee members

Category 1 of directors

Category 2 of directors

Date of Appointment

Date of Cessation

1

00018985

PRATAP GOVIND PAWAR

Non-Executive - Independent Director

Chairperson

25-10-2008

2

00001318

VIMAL BHANDARI

Non-Executive - Independent Director

Member

13-11-2021

3

00280010

PURANAM HAYAGREEVA RAVIKUMAR

Non-Executive - Independent Director

Member

25-10-2008

Note: Please enter DIN. After entering DIN, Name of Committee members and Category 1 of Directors shall be prefilled automatically

Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular Chairperson

Yes

Sr

DIN Number

Name of Committee members

Category 1 of directors

Category 2 of directors

Date of Appointment

Date of

Cessation

1

01215889

DIPAK BALASAHEB MANE

Non-Executive - Independent Director

Chairperson

13-11-2021

2

00018985

PRATAP GOVIND PAWAR

Non-Executive - Independent Director

Member

27-05-2014

3

00001318

VIMAL BHANDARI

Non-Executive - Independent Director

Member

27-05-2014

Note: Please enter DIN. After entering DIN, Name of Committee members and Category 1 of Directors shall be prefilled automatically

Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular Chairperson

Yes

Sr

DIN Number

Name of Committee members

Category 1 of directors

Category 2 of directors

Date of Appointment

Date of

Cessation

1

00018985

PRATAP GOVIND PAWAR

Non-Executive - Independent Director

Chairperson

13-11-2021

2

00089380

BABASAHEB NEELKANTH KALYANI

Executive Director

Member

27-05-2014

3

00043559

LALITA D GUPTE

Non-Executive - Independent Director

Member

27-05-2014

Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson

Yes

Sr

DIN Number

Name of Committee members

Category 1 of directors

Category 2 of directors

Date of Appointment

Date of Cessation

1

00089380

BABASAHEB NEELKANTH KALYANI

Executive Director

Chairperson

02-02-2015

2

00001318

VIMAL BHANDARI

Non-Executive - Independent Director

Member

13-11-2021

3

00089430

AMIT BABASAHEB KALYANI

Executive Director

Member

02-02-2015

4

01461231

MURALI SIVARAMAN

Non-Executive - Independent Director

Member

13-11-2021

Note: Please enter DIN. After entering DIN, Name of Committee members and Category 1 of Directors shall be prefilled automatically

Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular Chairperson

Yes

Sr

DIN Number

Name of Committee members

Category 1 of directors

Category 2 of directors

Date of Appointment

Date of

Cessation

1

00018985

PRATAP GOVIND PAWAR

Non-Executive - Independent Director

Chairperson

27-05-2014

2

00089380

BABASAHEB NEELKANTH KALYANI

Executive Director

Member

27-05-2014

3

00089430

AMIT BABASAHEB KALYANI

Executive Director

Member

27-05-2014

Other Committee

Sr

DIN Number

Name of Committee members

Name of other committee

Category 1 of directors

Category 2 of directors

Environmental, Social and

Chairperson

1

00089430

AMIT BABASAHEB KALYANI

Governance Committee

Executive Director

Environmental, Social and

Member

2

01461231

MURALI SIVARAMAN

Governance Committee

Non-Executive - Independent Director

Environmental, Social and

Member

3

01215889

DIPAK BALASAHEB MANE

Governance Committee

Non-Executive - Independent Director

Annexure 1

1. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory	Add Notes

Sr

Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronologicalorder)

Maximum gap

between any two

consecutive (in number

of days)

Notes for not

providing Date

Whether

requirement of

Quorum met

(Yes/No)

Total Number of Directorsas on date of the meeting

Number of Directors

present*

(All directors including Independent Director)

No. of Independent

Directors attending the

meeting*

Add Delete

1

09-08-2023

Yes

13

13

8

2

06-11-2023

88

Yes

14

14

8

Annexure 1

IV.

Meeting of Committees

Disclosure of notes on meeting of committees explanatory

Add Notes

Maximum

Number of

No. of

Date(s) of meeting

gap

Whether

Directors

Independent

No. of members

(Enter dates of

between

requirement

Total Number of Directors in

Present (All

Directors

Reson for not

attending the meeting

Sr

Name of Committee

Previous quarter and

any two

Name of other committee

of Quorum

the Committee as on date of

Directors

attending the

providing date

(other than Board of

Current quarter in

consecutive

met

the meeting

including

meeting

Directors)

chronological order)

(in number

(Yes/No)

Independent

of days)

Director)

Add

Delete

1

Audit Committee

09-08-2023

Yes

3

3

3

0

2

Audit Committee

06-11-2023

88

Yes

3

3

3

0

Nomination and

3

remuneration committee

09-08-2023

Yes

3

3

3

0

Nomination and

4

remuneration committee

06-11-2023

88

Yes

3

3

3

0

Risk Management

5

Committee

11-10-2023

Yes

4

3

2

0

Annexure 1

1. Related Party Transactions

	Sr			Subject			Compliance status			If status is "No" details of non-compliance may be given here.
					(Yes/No/NA)
1			Whether prior approval of audit committee obtained		Yes
2			Whether shareholder approval obtained for material RPT		Yes
3			Whether details of RPT entered into pursuant to omnibus approval have been		Yes
		reviewed by Audit Committee

	Disclosure of notes on related party transactions			Add Notes
				Add Notes
	Disclosure of notes of material transaction with related party		4

Details of Cyber security incidence

Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter

No

Date of the event

Brief details of the event

Annexure 1

	VI.	Affirmations
	Sr		Subject	Compliance status (Yes/No)
	1		The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015	Yes
			The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations,
	2		2015	Yes
			a. Audit Committee
			The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations,
	3		2015.	Yes
			b. Nomination & remuneration committee
			The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations,
	4		2015.	Yes
			c. Stakeholders relationship committee

	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations,
5	2015.	Yes
	d. Risk management committee (applicable to the top 1000 listed entities)
6	The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing	Yes
obligations and disclosure requirements) Regulations, 2015.
7	The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI	Yes
(Listing obligations and disclosure requirements) Regulations, 2015.
8	This report and/or the report submitted in the previous quarter has been placed before Board of Directors.	Yes

9

Any comments/observations/advice of Board of Directors may be mentioned here:

Add Notes

		Annexure 1
Sr	Subject		Compliance status
1	Name of signatory		Tejaswini Chaudhari
2	Designation		Company Secretary and Compliance Officer

Signatory Details

Name of signatory	Tejaswini Chaudhari
Designation of person	Company Secretary and Compliance Officer
Place	Pune

Date	17-01-2024