Bharat Forge Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 07, 2025. Further, the company has informed the Exchange regarding voting results.
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Bharat Forge Limited filed the voting results and scrutinizer's report from its 64th Annual General Meeting held on August 7, 2025 via video conferencing. All six resolutions were passed with overwhelming majority, with approval rates above 99.5% each. Key outcomes include: (1) adoption of FY25 audited standalone and consolidated financial statements passed with 99.56% approval; (2) confirmation of interim dividend and declaration of final dividend for FY25 passed with 99.99% approval; (3) re-appointment of Mr. S. E. Tandale as director (retiring by rotation) passed with 99.92% approval; (4) appointment of secretarial auditors passed with 99.998% approval; (5) ratification of cost auditor remuneration for FY26 passed with 99.998% approval. A special resolution to enhance limits under Section 180(1)(a) of the Companies Act for creation of mortgage and/or charge also passed with 99.998% approval. Out of 47.81 crore total shares, approximately 39.91 crore (83.48%) were polled, with promoter group voting 100% in favor on all resolutions.
The dividend confirmation is positive for income-seeking shareholders, while the passing of the special resolution to enhance mortgage/charge limits gives the company more flexibility to raise secured debt for potential expansion or capex. Very high approval margins across all resolutions and strong 83.48% voter turnout indicate solid shareholder confidence in the management's direction.