Bharat Forge Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 07, 2025
BHARATFORG · price
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Bharat Forge has notified shareholders that its 64th AGM will be held on Thursday, August 7, 2025 at 11:00 a.m. via video conferencing. Shareholders will consider adoption of FY25 audited financial statements, confirmation of the interim dividend and declaration of a final dividend. A final dividend, if declared, will be paid on or after August 12, 2025 to members on the record date of July 4, 2025. Other items include re-appointment of Mr. S. E. Tandale as Executive Director (retiring by rotation), appointment of SVD & Associates as Secretarial Auditors for five years (FY26–FY30) at ₹4.25 lakh for FY26, ratification of Cost Auditor remuneration of ₹14 lakh for FY26, and a Special Resolution to raise the Section 180(1)(a) borrowing-security limit from ₹30,000 million to ₹50,000 million. As on March 31, 2025, secured borrowings stood at roughly ₹24,414 million, and the company cited expanding operations, including new defence orders, as the reason for the higher cap. Remote e-voting runs from August 4 (9 a.m.) to August 6 (5 p.m.) with a July 31, 2025 cut-off date.
Routine AGM agenda with no surprise items; the final dividend declaration is the key shareholder event, while the proposal to lift the borrowing-security ceiling to ₹50,000 million signals room for additional debt to fund growth, especially in defence. Stock price impact is expected to be limited unless the final dividend quantum is meaningfully different from the interim.