Bharat Forge Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Bharat Forge Limited
Symbol
BHARATFORG
Quarter Ended
31-Mar-2026
Submission
Revision

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Yes
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
30-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Not Applicable
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.bharatforge.com/assets/pdf/postal-ballot/Annual_Return%20(1).pdf
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.bharatforge.com/investors/disclosure-under-regulation-46-of-sebi-lodr-regulations
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.bharatforge.com/investors/shareholders-information/notices
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.bharatforge.com/assets/pdf/corporateGovernance/Dividend-Distribution-Policy.pdf
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.bharatforge.com/assets/pdf/corporateGovernance/Policy_on_Determination_of_Materiality_of_Event-Website.pdf
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.bharatforge.com/investors/reports/annual-reports
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://www.bharatforge.com/investors/reports/credit-rating
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.bharatforge.com/investors/disclosure-under-regulation-46-of-sebi-lodr-regulations
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.bharatforge.com/assets/pdf/postal-ballot/Whistle_Blower_Policy_05.05.2023_Website_new.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.bharatforge.com/investors/reports/quarterly-results
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.bharatforge.com/assets/pdf/corporateGovernance/Policy-on-Material-Subsidiary.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.bharatforge.com/assets/pdf/corporateGovernance/RPT-policy.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.bharatforge.com/investors/shareholders-information/shareholding-pattern
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.bharatforge.com/investors/disclosure-under-regulation-46-of-sebi-lodr-regulations
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.bharatforge.com/investors/disclosure-under-regulation-46-of-sebi-lodr-regulations
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://www.bharatforge.com/investors/investor-enquiry
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.bharatforge.com/investors/shareholders-information/notices
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.bharatforge.com/assets/pdf/investors/Memorandum-of-Association.pdf https://www.bharatforge.com/assets/pdf/investors/BFL-Articles-of-Association-Final.pdf
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
https://www.bharatforge.com/investors/disclosure-under-regulation-46-of-sebi-lodr-regulations
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.bharatforge.com/assets/pdf/postal-ballot/Secretarial_Compliance_Report.pdf
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Yes
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Not Applicable
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE465A01025
Market Capitalisation As Per Immediate Previous Financial Year
Top 500 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
NOTLISTED
Name Of Signatory
Tejaswini Chaudhari
Name Of Signatory Affirmations
Tejaswini Chaudhari
Name Of Signatory For Annual Affirmations
Tejaswini Chaudhari
Name Of Signatory For Quartely Affirmations
Tejaswini Chaudhari
Name Of The Company
BHARAT FORGE LIMITED
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Yes
Place
Pune
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
There is no loan / guarantee / comfort letter / security advanced / provided directly or indirectly to promoters / promoters group / directors / KMP or any other entity controlled by them during the half year ended on March 31, 2026, except for the subsidiary whose accounts are consolidated with the listed entity.
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
B00131
Scrip Code
500493
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Yes
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
BHARATFORG
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Not Applicable
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit7
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit8
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
Yes
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Date of BirthDisqualifiedStatusSpecial ResolutionInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrBABASAHEB NEELKANTH KALYANI******00089380Executive DirectorChairperson17-Jan-1949NoActiveNot Applicable30-Mar-199330-Mar-20233031
2MrAMIT BABASAHEB KALYANI******00089430Executive DirectorNot Applicable26-Jul-1975NoActiveNot Applicable11-May-200411-May-20246020
3MrBASAVRAJ KALYANI******00267202Executive DirectorNot Applicable31-Jul-1962NoActiveNot Applicable23-May-200623-May-20211000
4MrASHISH BHARAT RAM******00671567Non-Executive - Non Independent DirectorNot Applicable31-Dec-1968NoActiveNot Applicable01-Sep-202301-Sep-20234131
5MrSUBODH EKNATH TANDALE******00266833Executive DirectorNot Applicable24-Sep-1968NoActiveNot Applicable23-May-200623-May-20211000
6MrKANWAR BIR SINGH ANAND******03518282Non-Executive - Independent DirectorNot Applicable30-Aug-1955NoActiveNot Applicable27-Jun-202227-Jun-2025456683
7MsSONIA SINGH******07108778Non-Executive - Independent DirectorNot Applicable05-Sep-1964NoActiveNot Applicable27-Jun-202227-Jun-2025455552
8MrDIPAK BALASAHEB MANE******01215889Non-Executive - Independent DirectorNot Applicable23-Nov-1960NoActiveNot Applicable21-Jun-201921-Jun-2024811100
9MrANAND PATHAK******01529308Non-Executive - Independent DirectorNot Applicable18-Apr-1963NoActiveNot Applicable12-Jul-202412-Jul-2024211111
10MsRASHMI JOSHI******06641898Non-Executive - Independent DirectorNot Applicable30-Jul-1966NoActiveNot Applicable30-Dec-202430-Dec-2024155572

Committee Disclosures

Entry CompComit122
Date of Appointment
04-Sep-2024
Entry CompComit123
Date of Appointment
04-Sep-2024
Entry CompComit124
Date of Appointment
27-May-2014
Entry CompComit125
Date of Appointment
10-Jan-2025
Entry CompComit14
Date of Appointment
04-Sep-2024
Entry CompComit15
Date of Appointment
10-Jan-2025
Entry CompComit16
Date of Appointment
15-Oct-2025
Entry CompComit41
Date of Appointment
13-Nov-2021
Entry CompComit42
Date of Appointment
04-Sep-2024
Entry CompComit43
Date of Appointment
04-Sep-2024
Entry CompComit44
Date of Appointment
10-Jan-2025
Entry CompComit68
Date of Appointment
04-Sep-2024
Entry CompComit69
Date of Appointment
27-May-2014
Entry CompComit70
Date of Appointment
04-Sep-2024
Entry CompComit71
Date of Appointment
10-Jan-2025
Entry CompComit95
Date of Appointment
02-Feb-2015
Entry CompComit96
Date of Appointment
02-Feb-2015
Entry CompComit97
Date of Appointment
10-Jan-2025
Entry CompComit98
Date of Appointment
10-Jan-2025
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.bharatforge.com/investors/corporate-governance/board-committees
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
Yes
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Risk Management Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
03518282
Member Name
KANWAR BIR SINGH ANAND
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
06641898
Member Name
RASHMI JOSHI
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00671567
Member Name
ASHISH BHARAT RAM
Position
Non-Executive - Non Independent Director

Audit Committee

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00089380
Member Name
BABASAHEB NEELKANTH KALYANI
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
01529308
Member Name
ANAND PATHAK
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00089430
Member Name
AMIT BABASAHEB KALYANI
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
03518282
Member Name
KANWAR BIR SINGH ANAND
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
01215889
Member Name
DIPAK BALASAHEB MANE
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00671567
Member Name
ASHISH BHARAT RAM
Position
Non-Executive - Non Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
07108778
Member Name
SONIA SINGH
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
06641898
Member Name
RASHMI JOSHI
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Nomination and remuneration committee

Nomination and remuneration committee

Nomination and remuneration committee

Other Committee

Additional Position
Chairperson
Director DIN
00089430
Member Name
AMIT BABASAHEB KALYANI
Name Of Other Committee
ESG Committee
Position
Executive Director

Other Committee

Additional Position
Member
Director DIN
07108778
Member Name
SONIA SINGH
Name Of Other Committee
ESG Committee
Position
Non-Executive - Independent Director

Other Committee

Additional Position
Member
Director DIN
01215889
Member Name
DIPAK BALASAHEB MANE
Name Of Other Committee
ESG Committee
Position
Non-Executive - Independent Director

Other Committee

Name Of Other Committee
ESG Committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00089380
Member Name
BABASAHEB NEELKANTH KALYANI
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
00089430
Member Name
AMIT BABASAHEB KALYANI
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
00671567
Member Name
ASHISH BHARAT RAM
Position
Non-Executive - Non Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
06641898
Member Name
RASHMI JOSHI
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
01529308
Member Name
ANAND PATHAK
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00089380
Member Name
BABASAHEB NEELKANTH KALYANI
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00089430
Member Name
AMIT BABASAHEB KALYANI
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
07108778
Member Name
SONIA SINGH
Position
Non-Executive - Independent Director
Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
11-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
10
Number Of Independent Directors Attending The Meeting
5
Total Number Of Directors As On Date Of The Meeting
10
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
12-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
92
Number Of Directors Present In Meeting Of Board Of Directors
10
Number Of Independent Directors Attending The Meeting
5
Total Number Of Directors As On Date Of The Meeting
10
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
11-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
77
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
12-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
14
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Previous Quarter
10-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
12-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
93
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit6
Dates Of Meeting Of The Committee In The Relevant Quarter
19-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
6
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit7
Dates Of Meeting Of The Committee In The Relevant Quarter
06-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
14
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit8
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
https://www.bharatforge.com/investors/investor-enquiry
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.bharatforge.com/investors/investor-enquiry
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
7
No Of Investor Complaints During The Period
2
No Of Investor Complaints Received During The Period
9
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
2
Entry PY_I
No Of Investor Complaints
0
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Yes
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
Not Applicable for period under review
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
No
Entry I_OngoingTaxLitigationsOrDisputes1
Current Status
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 2025-2026.
Date of Initiation
04-Jun-2010
Opposing Party
Pune Cantonment Board
Status (Previous Disclosure)
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.
Entry MainD
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
Yes
Entry I_ImpositionOfFineOrPenalty1
Authority
Chief Judicial Magistrate,Erode
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
09-Mar-2026
Financial / Operational Impact
No significant financial impact
Nature And Details Of The Action Taken Or Order Passed
Imposition of Fine of Rs. 20000/- & Rs. 15000/- on the Factory Manager and the Occupier of J.S. Auto Cast Foundry India, subsidiary of Bharat Forge Limited for the offence, under Section 92, of The Factories Act 1948, for violating Sections 7A(1)(2)(c), 41 of the Factories Act, 1948 r/w Rule 61 F of the factories rules, 1950
Violation Details
The workers of J.S. Auto Cast Foundry India were permitted to operate a dangerous machine without providing adequate training and proper supervision, which resulted in the injuries sustained by one of its employee.
Entry MainD
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
Yes