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	30-06-2023
Risk management committee	Applicable
Market Capitalisation as per immediate previous	Top 500 listed entities
Financial Year

Disclosure of notes on composition of	Add Notes
board of directors explanatory
Whether the listed entity has a Regular	Yes
Chairperson
Whether Chairperson is related to MD or	Yes
CEO

	Titl
	e			Category
	(M	Name of		Category 2 of
Sr	DIN	1 of
r /	the Director	directors
		directors
	Ms
	)

BABASAHEB
NEELKANTH		Executiv
KALYANI	00089	e
1 Mr	380	Director Chairperson

Annexure I

Annexure I to be submitted by listed entity on quarterly basis

I. Composition of Board of Directors

Disqualification of Directors under section 164 of the

Companies Act, 2013

No of

Number

post of

No of

Chairper

of

No of

Indepen

son in

members

Directors

dent

Audit/

hips in

Whether

hip in

Directors

Stakehol

Audit/

special

listed

hip in

der

Stakehold

resolutio

entities

listed

Committ

Whether

Tenur

er

Categ

n

Date of

including

entities

ee held

Dat

the

Start Date

End Date

Curre

Initial

Date of

Date

e of

Committe

ory 3

Details of

passed?

passing

this

including

in listed

e

director

of

of

nt

Date of

Re-

of

direct

e(s)

of

disqualifica

[Refer

special

listed

this

entities

of

is

disqualifica

disqualifica

statu

appoint

appoint

cessati

or (in

including

direct

tion

Reg.

resolut

entity

listed

including

Birt

disqualifi

tion

tion

s

ment

ment

on

mont

this listed

ors

17(1A) of

ion

(Refer

entity

this

h

ed?

hs)

entity

Listing

Regulati

(Refer

listed

(Refer

Regulati

on 17A

Regulatio

entity

Regulatio

ons]

of Listing

n 17A(1)

(Refer

n 26(1) of

Regulati

of Listing

Regulati

Listing

ons)

Regulatio

on 26(1)

Regulatio

ns

of Listing

ns)

Regulati

ons)

07-

01-

19

Activ

30-03-

30-03-

MD

49

No

e

NA

1993

2023

5

0

3

0

			Non-
			Executiv
	PRATAP		e -		15-
	GOVIND		Indepen		10-
	PAWAR	00018	dent		19		Activ		13-08-04-09-	04-09-	106.0
2	Mr	985	Director	Not Applicable	44	No	e	Yes	2019	2014	2019	0	1	1	2	2
			Non-
			Executiv
			e -		04-
	LALITA D		Indepen		10-
	GUPTE	00043	dent		19		Activ		13-08-04-09-	04-09-	106.0
3	Mrs	559	Director	Not Applicable	48	No	e	Yes	2019	2014	2019	0	4	4	4	0
			Non-
	PURANAM		Executiv
	HAYAGREEV		e -		20-
	A		Indepen		07-
	RAVIKUMAR	00280	dent		19		Activ			04-09-	04-09-	106.0
4	Mr	010	Director	Not Applicable	51	No	e	NA		2014	2019	0	2	2	5	2
			Non-
			Executiv
			e -		23-
	VIMAL		Indepen		08-
	BHANDARI	00001	dent		19		Activ			04-09-	04-09-	106.0
5	Mr	318	Director	Not Applicable	58	No	e	NA		2014	2019	0	6	5	7	2
			Non-
			Executiv
	DIPAK		e -		23-
	MANE		Indepen		11-
	BALASAHEB	01215	dent		19		Activ			21-06-	21-06-
6	Mr	889	Director	Not Applicable	60	No	e	NA		2019	2019	49.00	1	1	0	0
			Non-
			Executiv
			e -		21-
	MURALI		Indepen		04-
	SIVARAMAN	01461	dent		19		Activ			21-06-	21-06-
7	Mr	231	Director	Not Applicable	61	No	e	NA		2019	2019	49.00	4	4	4	1
			Non-
			Executiv
	KANWAR		e -		30-
	BIR SINGH		Indepen		08-
	ANAND	03518	dent		19		Activ			27-06-	27-06-
8	Mr	282	Director	Not Applicable	55	No	e	NA		2022	2022	13.00	6	6	5	1
			Non-
			Executiv
			e -		05-
	SONIA		Indepen		09-
	SINGH	07108	dent		19		Activ			27-06-	27-06-
9	Ms	778	Director	Not Applicable	64	No	e	NA		2022	2022	13.00	2	2	2	1
	GOPAL				17-
	KRISHAN		Executiv		02-
	AGARWAL	00037	e		19		Activ			01-04-	01-04-
10	Mr	678	Director	Not Applicable	51	No	e	NA		1998	2023		1	0	0	0
	AMIT				26-
	BABASAHEB		Executiv		07-
	KALYANI	00089	e		19		Activ			11-05-	11-05-
11	Mr	430	Director	Not Applicable	75	No	e	NA		2004	2019		7	1	2	0
					31-
	BASAVRAJ		Executiv		07-
	KALYANI	00267	e		19		Activ			23-05-	23-05-
12	Mr	202	Director	Not Applicable	62	No	e	NA		2006	2021		1	0	0	0

	SUBODH				24-
	EKNATH		Executiv		09-
	TANDALE	00266	e		19		Activ		23-05-	23-05-
13	Mr	833	Director	Not Applicable	68	No	e	NA	2006	2021		1	0	0	0
	KISHORE				04-
	MUKUND		Executiv		09-
	SALETORE	01705	e		19		Activ		02-02-	02-02-30-06-
14	Mr	850	Director	Not Applicable	66	No	e	NA	2015	2020	2023	1	0	1	0

Annexure 1

II. Composition of Committees

Disclosure of notes on composition of committees explanatory

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
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors
1	00018985	PRATAP GOVIND PAWAR	Non-Executive - Independent Director	Chairperson
2	00001318	VIMAL BHANDARI	Non-Executive - Independent Director	Member
3	00280010	PURANAM HAYAGREEVA RAVIKUMAR	Non-Executive - Independent Director	Member
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
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors
1	01215889	DIPAK MANE BALASAHEB	Non-Executive - Independent Director	Chairperson
2	00018985	PRATAP GOVIND PAWAR	Non-Executive - Independent Director	Member
3	00001318	VIMAL BHANDARI	Non-Executive - Independent Director	Member
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
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors
1	00018985	PRATAP GOVIND PAWAR	Non-Executive - Independent Director	Chairperson
2	00089380	BABASAHEB NEELKANTH KALYANI	Executive Director	Member

Add Notes

Yes

Date of AppointmentDate of Cessation 25-10-200813-11-202125-10-2008

Yes

Date of AppointmentDate of Cessation 13-11-202127-05-201427-05-2014

Yes

Date of AppointmentDate of Cessation 13-11-202127-05-2014

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
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors
1	00089380	BABASAHEB NEELKANTH KALYANI	Executive Director	Chairperson
2	00001318	VIMAL BHANDARI	Non-Executive - Independent Director	Member
3	00089430	AMIT BABASAHEB KALYANI	Executive Director	Member
4	01461231	MURALI SIVARAMAN	Non-Executive - Independent Director	Member

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
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors
1	00018985	PRATAP GOVIND PAWAR	Non-Executive - Independent Director	Chairperson
2	00089380	BABASAHEB NEELKANTH KALYANI	Executive Director	Member
3	00089430	AMIT BABASAHEB KALYANI	Executive Director	Member

Other Committee

Sr	DIN Number	Name of Committee members	Name of other committee	Category 1 of directors
			Environmental, Social and Governance
1	00089430	AMIT BABASAHEB KALYANI	Committee	Executive Director
			Environmental, Social and Governance
2	01461231	MURALI SIVARAMAN	Committee	Non-Executive - Independent Director
			Environmental, Social and Governance
3	01215889	DIPAK MANE BALASAHEB	Committee	Non-Executive - Independent Director

Yes

Date of AppointmentDate of Cessation 02-02-201513-11-202102-02-201513-11-2021

Yes

Date of AppointmentDate of Cessation 27-05-201427-05-201427-05-2014

Category 2 of directors	Remarks
Chairperson
Member
Member

Annexure 1

III. Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory	Add Notes
Date(s) of meeting (Enter dates of Previous	Maximum gap		Whether		Number of Directors	No. of Independent
between any two	Notes for not	requirement of	Total Number of Directors	present*
Sr quarter and Current quarter in chronological	Directors attending the
consecutive (in number	providing Date	Quorum met	as on date of the meeting	(All directors including
order)	meeting*
of days)		(Yes/No)		Independent Director)

Add Delete

1	14-02-2023		Yes	14	13	8
2	05-05-2023	79	Yes	14	14	8

Annexure 1

					IV.	Meeting of Committees
					Disclosure of notes on meeting of committees explanatory	Add Notes
										Number of	No. of	No. of
			Date(s) of meeting	Maximum gap				Whether		Directors
							Independent	members
			(Enter dates of Previous	between any				requirement	Total Number of Directors in	Present (All
					Reson for not	Directors	attending the
Sr		Name of Committee	quarter and Current	two consecutive	Name of other committee	of Quorum	the Committee as on date of	Directors
	providing date	attending	meeting (other
			quarter in chronological	(in number of			met	the meeting	including
						the	than Board of
			order)	days)				(Yes/No)		Independent
							meeting*	Directors)
										Director)
	Add	Delete
1	Audit Committee	14-02-2023					Yes	3	3	3	0
2	Audit Committee	31-03-2023	44				Yes	3	3	3	0
3	Audit Committee	05-05-2023	34				Yes	3	3	3	0
4	Audit Committee	30-05-2023	24				Yes	3	3	3	0
	Corporate Social Responsibility
5	Committee	04-05-2023					Yes	3	3	1	0
6	Risk Management Committee	21-04-2023					Yes	4	3	2	0
	Nomination and remuneration
7	committee	13-02-2023					Yes	3	3	3	0
	Nomination and remuneration
8	committee	04-05-2023	79				Yes	3	3	3	0
	Stakeholders Relationship
9	Committee	04-05-2023					Yes	3	3	2	0
					Environmental, Social and Governance
10	Other Committee	05-05-2023		Committee			Yes	3	3	2	0

1. Related Party Transactions

Sr

Subject

• Whether prior approval of audit committee obtained

• Whether shareholder approval obtained for material RPT

• Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit Committee

Annexure 1

Compliance status

(Yes/No/NA)

Yes

Yes

Yes

If status is "No" details of non-compliance may be given here.

Disclosure of notes on related party transactions

Disclosure of notes of material transaction with related party

Add Notes

Add Notes