Bharat Forge Limited has informed the Exchange regarding Proceedings of Postal Ballot
BHARATFORG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Forge Limited shareholders have approved the re-appointment of two Executive Directors through a postal ballot that concluded on April 22, 2026. Mr. B. P. Kalyani has been re-appointed for 5 years (May 2026 to May 2031) with a monthly salary of Rs. 29.8 lakh (extendable to Rs. 48 lakh), plus variable pay up to 120% of fixed salary. Mr. S. E. Tandale has also been re-appointed for the same tenure with a monthly salary of Rs. 34.4 lakh (extendable to Rs. 55.4 lakh), plus similar variable pay components. Both resolutions passed with over 99% shareholder approval - Mr. Kalyani's resolution received 99.29% in favour and Mr. Tandale's received 99.28% in favour. Both appointments include LTCI incentives capped at Rs. 1 crore per year.
The overwhelming shareholder approval (99%+) for both director re-appointments signals continued confidence in the current leadership team. The extensions ensure continuity in executive management for 5 years. No material impact on stock expected as these were routine appointments already approved by the Board Nomination and Remuneration Committee.