Bharat Forge Limited has informed the Exchange regarding Proceedings of Postal Ballot
BHARATFORG · price
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Bharat Forge Limited has submitted the certified true copy of postal ballot proceedings for the re-appointment of two Independent Directors. Members approved the re-appointment of Mr. K.B.S. Anand (DIN: 03518282) as Independent Director for a second term of 5 years (June 27, 2025 to June 26, 2030), with 98.50% of votes in favour (40.27 crore shares) and 1.50% against. Members also approved the re-appointment of Ms. Sonia Singh (DIN: 07108778) as Independent Director for the same 5-year period, with 99.63% of votes in favour (40.74 crore shares) and 0.37% against. The e-voting was conducted from May 20, 2025 to June 19, 2025, with results declared on June 23, 2025. Both special resolutions were passed with the requisite majority.
This is a routine governance disclosure confirming strong shareholder support (over 98%) for retaining both Independent Directors on the board for another 5-year term. No material change in business or financial outlook; minimal direct impact on the stock price.