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

01-04-2022

Date of end of financial year

31-03-2023

Reporting Quarter

Yearly

Date of Report

31-03-2023

Risk management committee

Applicable

Market Capitalisation as per immediate previous Financial Year

Top 500 listed entities

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

directors explanatory

Whether the listed entity has a Regular Chairperson

Yes

Whether Chairperson is related to MD or CEO

Yes

Disqualification of Directors under section

164 of the Companies Act, 2013

No of post

of

No of

Number of

Chairperso

No of

Independe

n in Audit/

membershi

Directorshi

nt

Stakeholde

ps in Audit/

p in listed

Directorshi

r

Whether

Stakeholder

entities

p in listed

Committee

Wheth

special

Committee(

Date

including

entities

held in

Title

er the

Start

End

resolution

Tenure of

s) including

Category

Category

Details of

Date of passing

Date of Re-

of

this listed

including

listed

Sr

(Mr

Name of the

Category 1

Date of

director

Date of

Date of

Current

passed?

Initial Date of

director

this listed

DIN

2 of

3 of

disqualific

special

appointmen

cess

entity

this listed

entities

/

Director

of directors

Birth

is

disquali

disqualif

status

[Refer Reg.

appointment

(in

entity

directors

directors

ation

resolution

t

atio

(Refer

entity

including

Ms)

disquali

fication

ication

17(1A) of

months)

(Refer

n

Regulation

(Refer

this listed

fied?

Listing

Regulation

17A of

Regulation

entity

Regulations]

26(1) of

Listing

17A(1) of

(Refer

Listing

Regulation

Listing

Regulation

Regulations

s)

Regulation

26(1) of

)

s

Listing

Regulation

s)

Babasaheb

Neelkanth

Executive

Chairp

1

Mr

Kalyani

00089380

Director

erson

MD

07-01-1949

No

Active

NA

30-03-1993

30-03-2018

5

0

3

0

Non-

Executive

-

Pratap

Independ

Not

Govind

ent

Applica

2

Mr

Pawar

00018985

Director

ble

15-10-1944

No

Active

Yes

13-08-2019

04-09-2014

04-09-2019

103.00

1

1

2

2

				Non-
				Executive
				-
				Independ	Not
	Mr	Lalita D		ent	Applica
3	s	Gupte	00043559	Director	ble		04-10-1948	No				Active	Yes	13-08-2019	04-09-2014	04-09-2019		103.00	4	4	5	0
				Non-
				Executive
				-
		Puranam		Independ	Not
		Hayagreeva		ent	Applica
4	Mr	Ravikumar	00280010	Director	ble		20-07-1951	No				Active	NA		04-09-2014	04-09-2019		103.00	2	2	5	2
				Non-
				Executive
				-
				Independ	Not
		Vimal		ent	Applica
5	Mr	Bhandari	00001318	Director	ble		23-08-1958	No				Active	NA		04-09-2014	04-09-2019		103.00	6	5	7	2
				Non-
				Executive
				-
				Independ	Not
		Dipak Mane		ent	Applica
6	Mr	Balasaheb	01215889	Director	ble		23-11-1960	No				Active	NA		21-06-2019	21-06-2019		46.00	1	1	0	0
				Non-
				Executive
				-
				Independ	Not
		Murali		ent	Applica
7	Mr	Sivaraman	01461231	Director	ble		21-04-1961	No				Active	NA		21-06-2019	21-06-2019		46.00	4	4	4	1
				Non-
				Executive
				-
				Independ	Not
		Kanwar Bir		ent	Applica
8	Mr	Singh Anand	03518282	Director	ble		30-08-1955	No				Active	NA		27-06-2022	27-06-2022		10.00	6	6	5	1
				Non-
				Executive
				-
				Independ	Not
				ent	Applica
9	Ms	Sonia Singh	07108778	Director	ble		05-09-1964	No				Active	NA		27-06-2022	27-06-2022		10.00	2	2	2	1
		Gopal			Not
		Krishan		Executive	Applica
10	Mr	Agarwal	00037678	Director	ble		17-02-1951	No				Active	NA		01-04-1998	01-04-2018			1	0	0	0
		Amit			Not
		Babasaheb		Executive	Applica
11	Mr	Kalyani	00089430	Director	ble		26-07-1975	No				Active	NA		11-05-2004	11-05-2019			7	1	2	0
					Not
		Basavraj		Executive	Applica
12	Mr	Kalyani	00267202	Director	ble		31-07-1962	No				Active	NA		23-05-2006	23-05-2021			1	0	0	0
		Subodh			Not
		Eknath		Executive	Applica
13	Mr	Tandale	00266833	Director	ble		24-09-1968	No				Active	NA		23-05-2006	23-05-2021			1	0	0	0
		Kishore			Not
		Mukund		Executive	Applica
14	Mr	Saletore	01705850	Director	ble		04-09-1966	No				Active	NA		02-02-2015	02-02-2020			1	0	1	0

Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory

Add Notes

Audit Committee Details

Whether the Audit Committee has a Regular Chairperson

Yes

Sr

DIN

Name of Committee

Category 1 of directors

Category 2 of

Date of Appointment

Date of

Remarks

Number

members

directors

Cessation

PRATAP GOVIND

Non-Executive - Independent

25-10-2008

1

00018985

PAWAR

Director

Chairperson

Non-Executive - Independent

13-11-2021

2

00001318

VIMAL BHANDARI

Director

Member

PURANAM

HAYAGREEVA

Non-Executive - Independent

25-10-2008

3

00280010

RAVIKUMAR

Director

Member

Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular Chairperson

Yes

DIN

Name of

Category 2 of

Date of

Sr

Committee

Category 1 of directors

Date of Appointment

Remarks

Number

directors

Cessation

members

DIPAK MANE

Non-Executive - Independent

13-11-2021

1

01215889

BALASAHEB

Director

Chairperson

PRATAP GOVIND

Non-Executive - Independent

27-05-2014

2

00018985

PAWAR

Director

Member

Non-Executive - Independent

27-05-2014

3

00001318

VIMAL BHANDARI

Director

Member

Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular Chairperson

Yes

Sr

DIN Number

Name of Committee members

Category 1 of

Category 2 of directors

Date of

Date of

Remarks

directors

Appointment

Cessation

Non-Executive

- Independent

13-11-2021

1

00018985

PRATAP GOVIND PAWAR

Director

Chairperson

Executive

27-05-2014

2

00089380

BABASAHEB NEELKANTH KALYANI

Director

Member

Non-Executive

- Independent

27-05-2014

3

00043559

LALITA D GUPTE

Director

Member

Risk Management Committee

Whether the Risk Management Committee has a Regular Chairperson

Yes

DIN

Name of

Category 1 of

Date of

Sr

Committee

Category 2 of directors

Date of Appointment

Remarks

Number

directors

Cessation

members

BABASAHEB

NEELKANTH

02-02-2015

1

00089380

KALYANI

Executive Director

Chairperson

Non-Executive -

Independent

13-11-2021

2

00001318

VIMAL BHANDARI

Director

Member

AMIT BABASAHEB

02-02-2015

3

00089430

KALYANI

Executive Director

Member

4 01461231

MURALI SIVARAMAN

Non-Executive -

Independent

Director

Member

13-11-2021

Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular Chairperson

Yes

Sr

DIN

Name of Committee members

Category 1 of directors

Category 2 of directors

Date of

Date of

Remarks

Number

Appointment

Cessation

Non-Executive - Independent

27-05-2014

1

00018985

PRATAP GOVIND PAWAR

Director

Chairperson

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

Remarks

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 MANE BALASAHEB

Governance Committee

Non-Executive - Independent Director

Annexure 1

III. 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 chronological order)

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

2

14-11-2022			Yes	14	14
14-02-2023	91		Yes	14	13

8

8

Annexure 1

IV.

Meeting of Committees

Disclosure of notes on meeting of committees explanatory

Date(s) of

Total

meeting

Maximum

Number of

Number of

No. of

(Enter dates

gap

Whether

Directors

Directors

Independent

No. of members

of Previous

between

Name of

requirement

Present (All

Name of

Reson for not

in the

Directors

attending the meeting

Sr

quarter and

any two

other

of Quorum

Directors

Committee

providing date

Committee

attending

(other than Board of

Current

consecutive

committee

met

including

as on date

the

Directors)

quarter in

(in number

(Yes/No)

Independent

of the

meeting*

chronological

of days)

Director)

meeting

order)

Audit

1

Committee

14-11-2022

Yes

3

3

3

0

Audit

2

Committee

14-02-2023

91

Yes

3

3

3

0

Audit

3

Committee

31-03-2023

44

Yes

3

3

3

0

Nomination

and

remuneration

4

committee

11-11-2022

Yes

3

3

3

0

Nomination

and

remuneration

5

committee

13-02-2023

93

Yes

3

3

3

0