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	Quarterly
Date of Report	31-12-2022
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
			Add Notes
	board of directors explanatory
	Whether the listed entity has a Regular			Yes
	Chairperson
	Whether Chairperson is related to MD or			Yes
	CEO					Disqualification of Directors under section
							164 of the Companies Act, 2013

No of

Number of

post of

No of

Chairpers

membersh

No of

Independ

on in

ips in

Directors

ent

Audit/

Audit/

Whether

hip in

Directors

Stakehold

Stakehold

special

listed

hip in

er

er

resolutio

entities

listed

Committe

Whether

Date of

Tenure

Committe

Title

Start

End

n passed?

Initial

Date of

Date

including

entities

e held in

Name of

Category 1

Category 2

Category

the

Details of

passing

of

e(s)

(Mr

Date of

Date of

Date of

Current

[Refer

Date of

Re-

of

this listed

including

listed

Sr

the

DIN

of

of

3 of

director is

disqualific

special

director

including

/

Birth

disqualif

disqualif

status

Reg.

appoint

appointm

cessa

entity

this listed

entities

Director

directors

directors

directors

disqualifi

ation

resolutio

(in

this listed

Ms)

ication

ication

17(1A) of

ment

ent

tion

(Refer

entity

including

ed?

n

months)

entity

Listing

Regulatio

(Refer

this listed

(Refer

Regulatio

n 17A of

Regulatio

entity

Regulation

ns]

Listing

n 17A(1)

(Refer

26(1) of

Regulatio

of Listing

Regulatio

Listing

ns)

Regulatio

n 26(1) of

Regulation

ns

Listing

s)

Regulatio

ns)

				Executi
		B.N.		ve	Chairpe		07-01-								30-03-	30-03-
1	Mr	Kalyani	00089380	Director	rson	MD	1949	No				Active	NA		1993	2018			5	0	3	0
				Non-
				Executi
				ve -
				Indepen	Not
		P.G.		dent	Applica		15-10-							13-08-	04-09-	04-09-
2	Mr	Pawar	00018985	Director	ble		1944	No				Active	Yes	2019	2014	2019		100.00	1	1	2	2
				Non-
				Executi
				ve -
				Indepen	Not
	Mr	Lalita D.		dent	Applica		04-10-							13-08-	04-09-	04-09-
3	s	Gupte	00043559	Director	ble		1948	No				Active	Yes	2019	2014	2019		100.00	4	4	5	0
				Non-
				Executi
				ve -
		P.H.		Indepen	Not
		Ravikum		dent	Applica		20-07-								04-09-	04-09-
4	Mr	ar	00280010	Director	ble		1951	No				Active	NA		2014	2019		100.00	2	2	5	1
				Non-
				Executi
				ve -
		Vimal		Indepen	Not
		Bhandar		dent	Applica		23-08-								04-09-	04-09-
5	Mr	i	00001318	Director	ble		1958	No				Active	NA		2014	2019		100.00	6	6	7	2
				Non-
				Executi
				ve -
				Indepen	Not
		Dipak		dent	Applica		23-11-								21-06-	21-06-
6	Mr	Mane	01215889	Director	ble		1960	No				Active	NA		2019	2019		43.00	1	1	0	0
				Non-
				Executi
				ve -
		Murali		Indepen	Not
		Sivaram		dent	Applica		21-04-								21-06-	21-06-
7	Mr	an	01461231	Director	ble		1961	No				Active	NA		2019	2019		43.00	4	4	4	1
				Non-
				Executi
		Kanwar		ve -
		Bir		Indepen	Not
		Singh		dent	Applica		30-08-								27-06-	27-06-
8	Mr	Anand	03518282	Director	ble		1955	No				Active	NA		2022	2022		7.00	6	6	5	1
				Non-
				Executi
				ve -
				Indepen	Not
		Sonia		dent	Applica		05-09-								27-06-	27-06-
9	Ms	Singh	07108778	Director	ble		1964	No				Active	NA		2022	2022		7.00	2	2	2	1
				Executi	Not
		G. K.		ve	Applica		17-02-								01-04-	01-04-
10	Mr	Agarwal	00037678	Director	ble		1951	No				Active	NA		1998	2018			1	0	0	0

				Executi	Not
		Amit B.		ve	Applica		26-07-								11-05-	11-05-
11	Mr	Kalyani	00089430	Director	ble		1975	No				Active	NA		2004	2019			7	1	2	0
				Executi	Not
		B. P.		ve	Applica		31-07-								23-05-	23-05-
12	Mr	Kalyani	00267202	Director	ble		1962	No				Active	NA		2006	2021			1	0	0	0
				Executi	Not
		S. E.		ve	Applica		24-09-								23-05-	23-05-
13	Mr	Tandale	00266833	Director	ble		1968	No				Active	NA		2006	2021			1	0	0	0
				Executi	Not
		K. M.		ve	Applica		04-09-								02-02-	02-02-
14	Mr	Saletore	01705850	Director	ble		1966	No				Active	NA		2015	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 Number

Name of Committee members

Category 1 of directors

Category 2 of directors

Date of Appointment

Date of

Remarks

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

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

Remarks

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

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

Remarks

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

Remarks

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

Remarks

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

Chairperson

1

00089430

Amit B. 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

Governance Committee

Non-Executive - Independent Director

Annexure 1

III.

Meeting of Board of Directors

Disclosure of notes on meeting of board of directors explanatory

Date(s) of meeting (Enter dates of Previous

Maximum gap

Whether

Number of Directors

between any two

Notes for not

requirement of

Total Number of Directors

present*

No. of Independent Directors attending the

Sr

quarter and Current quarter in chronological

consecutive (in number

providing Date

Quorum met

as on date of the meeting

(All directors including

meeting*

order)

of days)

(Yes/No)

Independent Director)

1

11-08-2022

Yes

14

14

8

2

14-11-2022

94

Yes

14

14

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

(Enter dates

gap

Whether

Directors

Directors

No. of members

of Previous

between

Name of

requirement

Present (All

Name of

Reson for not

in the

No. of Independent Directors attending

attending the meeting

Sr

quarter and

any two

other

of Quorum

Directors

Committee

providing date

Committee

the meeting*

(other than Board of

Current

consecutive

committee

met

including

as on date

Directors)

quarter in

(in number

(Yes/No)

Independent

of the

chronological

of days)

Director)

meeting

order)

1

Audit Committee

11-08-2022

Yes

3

3

3

0

2

Audit Committee

14-11-2022

94

Yes

3

3

3

0

Nomination and

remuneration

3

committee

11-11-2022

Yes

3

3

3

0

Risk Management

4

Committee

28-10-2022

Yes

4

2

0

0