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

Half Yearly

Date of Report

30-09-2022

Risk management committee

Applicable

Market Capitalisation as per immediate previous

Top 500 listed entities

Financial Year

Disclosure of notes on composition of board

Add Notes

of directors explanatory

Whether the listed entity has a Regular

Yes

Chairperson

Whether Chairperson related to Promoter

Yes

Disqualification of Directors under

section 164 of the Companies Act, 2013

No of

No of

post of

No of

Indepen

Number of

Chairper

Directo

dent

membershi

son in

Whethe

rship in

Director

ps in

Audit/

Sta

listed

ship in

Audit/

Stakehol

Wh

r special

rt

entitie

listed

Stakeholde

der

eth

resoluti

Dat

s

entities

r

Committ

Titl

er

on

Tenure

Categ

e

End

Detail

includi

includin

Committee

ee held

e

Catego

the

passed?

Date of

Initial Date

Date

of

Name of

ory 3

of

Date of

s of

Date of Re-

ng this

g this

(s)

in listed

(M

ry 1 of

Category 2 of

Date of

dire

Current

[Refer

passing

of

of

directo

Sr

the

DIN

of

dis

disqual

disqu

appointme

listed

listed

including

entities

r /

direct

directors

Birth

ctor

status

Reg.

special

appointme

cessat

r (in

Director

direct

qu

ificatio

alifica

nt

entity

entity

this listed

including

Ms

ors

is

17(1A)

resolution

nt

ion

month

ors

alif

n

tion

(Refer

(Refer

entity

this

)

disq

of

s)

ica

Regula

Regulati

(Refer

listed

ualif

Listing

tio

tion

on

Regulation

entity

ied?

Regulati

n

17A of

17A(1)

26(1) of

(Refer

ons]

Listing

of

Listing

Regulati

Regula

Listing

Regulation

on 26(1)

tions)

Regulati

s)

of Listing

ons

Regulati

ons)

Add

Delete

Execut

ive

B.N.

Direct

1

Mr

Kalyani

00089380

or

Chairperson

MD

07-01-1949

No

Active

NA

30-03-1993

30-03-2018

5

0

3

0

Non-

Execut

ive -

Indepe

ndent

Direct

2

Mr

P.G. Pawar

00018985

or

Not Applicable

15-10-1944

No

Active

Yes

13-08-2019

24-05-2005

04-09-2019

100.00

1

1

2

2

Non-

Execut

ive -

Indepe

ndent

Mr

Lalita D.

Direct

3

s

Gupte

00043559

or

Not Applicable

04-10-1948

No

Active

Yes

13-08-2019

05-12-2006

04-09-2019

100.00

4

4

5

0

Non-

Execut

ive -

Indepe

ndent

P.H.

Direct

4

Mr

Ravikumar

00280010

or

Not Applicable

20-07-1951

No

Active

NA

03-04-2001

04-09-2019

100.00

2

2

5

1

Non-

Execut

ive -

Indepe

ndent

Vimal

Direct

5

Mr

Bhandari

00001318

or

Not Applicable

23-08-1958

No

Active

NA

08-02-2013

04-09-2019

100.00

6

6

6

2

Non-

Execut

ive -

Indepe

ndent

Dipak

Direct

6

Mr

Mane

01215889

or

Not Applicable

23-11-1960

No

Active

NA

21-06-2019

21-06-2019

39.00

1

1

0

0

Non-

Execut

ive -

Indepe

ndent

Murali

Direct

7

Mr

Sivaraman

01461231

or

Not Applicable

21-04-1961

No

Active

NA

21-06-2019

21-06-2019

39.00

4

4

4

1

Non-

Execut

ive -

Indepe

Kanwar Bir

ndent

Singh

Direct

8

Mr

Anand

03518282

or

Not Applicable

30-08-1955

No

Active

NA

27-06-2022

27-06-2022

4.00

6

6

2

1

9

Ms

Sonia

07108778

Non-

Not Applicable

05-09-1964

No

Active

NA

27-06-2022

27-06-2022

4.00

2

2

2

1

Singh

Execut

ive -

Indepe

ndent

Direct

or

Execut

ive

G. K.

Direct

10

Mr

Agarwal

00037678

or

Not Applicable

17-02-1951

No

Active

NA

01-04-1998

01-04-2018

1

0

0

0

Execut

ive

Amit B.

Direct

11

Mr

Kalyani

00089430

or

Not Applicable

26-07-1975

No

Active

NA

11-05-2004

11-05-2019

7

1

2

0

Execut

ive

B. P.

Direct

12

Mr

Kalyani

00267202

or

Not Applicable

31-07-1962

No

Active

NA

23-05-2006

23-05-2021

1

0

0

0

Execut

ive

S. E.

Direct

13

Mr

Tandale

00266833

or

Not Applicable

24-09-1968

No

Active

NA

23-05-2006

23-05-2021

1

0

0

0

Execut

ive

K. M.

Direct

14

Mr

Saletore

01705850

or

Not Applicable

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

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

P.G. Pawar

Non-Executive - Independent Director

Chairperson

25-10-2008

2

00001318

Vimal Bhandari

Non-Executive - Independent Director

Member

13-11-2021

3

00280010

P.H. Ravikumar

Non-Executive - Independent Director

Member

25-10-2008

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 Mane

Non-Executive - Independent Director

Chairperson

13-11-2021

2

00018985

P.G. Pawar

Non-Executive - Independent Director

Member

27-05-2014

3

00001318

Vimal Bhandari

Non-Executive - Independent Director

Member

27-05-2014

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

P.G. Pawar

Non-Executive - Independent Director

Chairperson

13-11-2021

2

00089380

B.N. 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

B.N. Kalyani

Executive Director

Chairperson

02-02-2015

2

00001318

Vimal Bhandari

Non-Executive - Independent Director

Member

13-11-2021

3

00089430

Amit B. Kalyani

Executive Director

Member

02-02-2015

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 Number

Name of Committee members

Category 1 of directors

Category 2 of directors

Date of Appointment

Date of Cessation

1

00018985

P.G. Pawar

Non-Executive - Independent Director

Chairperson

27-05-2014

2

00089380

B.N. Kalyani

Executive Director

Member

27-05-2014

3

00089430

Amit B. 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 Governance

Chairperson

1

00089430

Amit B. Kalyani

Committee

Executive Director

Environmental, Social, and Governance

Member

2

01461231

Murali Sivaraman

Committee

Non-Executive - Independent Director

Environmental, Social, and Governance

Member

3

01215889

Dipak Mane

Committee

Non-Executive - Independent Director

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

16-05-2022

Yes

12

12

6

2

11-08-2022

86

Yes

14

14

8

Annexure 1

IV.

Meeting of Committees

Disclosure of notes on meeting of committees explanatory

Add Notes

Date(s) of meeting

Number of

No. of

No. of

Maximum gap

Whether

Directors (All

members

(Enter dates of Previous

Independent

between any two

Name of other

Reson for not

requirement of

Total Number of Directors as

directors

attending the

Sr

Name of Committee

quarter and Current

Directors

consecutive (in

committee

providing date

Quorum met

on date of the meeting

including

meeting (other

quarter in chronological

attending the

number of days)

(Yes/No)

Independent

than Board of

order)

meeting*

director)

Directors)

Add

Delete

1

Audit Committee

16-05-2022

Yes

3

3

3

0

2

Audit Committee

11-08-2022

86

Yes

3

3

3

0

Nomination and remuneration

3

committee

13-05-2022

Yes

3

3

3

0

Stakeholders Relationship

4

Committee

13-05-2022

Yes

3

3

2

0

5

Risk Management Committee

04-05-2022

Yes

4

4

2

0

Corporate Social Responsibility

6

Committee

13-05-2022

8

Yes

3

3

2

0

Environmental, Social,

and Governance

7

Other Committee

13-05-2022

Committee

Yes

3

3

2

0

Annexure 1

V.

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