Bharat Forge Limited has informed the Exchange regarding Notice of Postal Ballot
BHARATFORG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Forge Limited has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of two Whole-Time Directors designated as Executive Directors for a five-year term from May 23, 2026 to May 22, 2031. The directors are Mr. B. P. Kalyani (DIN: 00267202) and Mr. S. E. Tandale (DIN: 00266833). For Mr. Kalyani, the proposed fixed salary is Rs. 29.80 lakh per month within a grade of Rs. 29.80 lakh to Rs. 47.99 lakh per month; for Mr. Tandale, the fixed salary is Rs. 34.38 lakh per month within a grade of Rs. 34.38 lakh to Rs. 55.36 lakh per month. Both are eligible for Long Term Cash Incentive up to Rs. 1 crore per year and performance-linked commission/variable pay up to 120% of fixed salary, tied to revenue, PBT, PAT, cash flows and strategic goals. The Board approved the re-appointments on February 12, 2026 on the recommendation of the Nomination and Remuneration Committee. Remote e-voting through NSDL runs from March 24, 2026 (9:00 AM) to April 22, 2026 (5:00 PM), with results to be announced on or before April 24, 2026.
This is a routine governance action and is unlikely to move the stock sharply. It does signal leadership continuity at Bharat Forge for the next five years, and shareholders will vote on the proposed remuneration packages. Investors holding shares as of the March 13, 2026 cut-off date can vote electronically through NSDL.