Intimation 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 Ltd has received shareholder approval through postal ballot for re-appointing two key executive directors: Mr. B. P. Kalyani and Mr. S. E. Tandale, both for a 5-year term starting May 23, 2026. Mr. Kalyani's fixed salary is Rs. 29.8 lakh per month with variable pay up to 120% of fixed salary and LTCI up to Rs. 1 crore annually. Mr. Tandale's fixed salary is Rs. 34.4 lakh per month with similar variable and LTCI components. Both resolutions passed with overwhelming majority - Mr. Kalyani with 99.29% votes in favour and Mr. Tandale with 99.28% votes in favour. The e-voting period ran from March 24 to April 22, 2026, and results were declared on April 24, 2026.
Both director re-appointments are continuity-positive as the leadership remains stable. The significant shareholder approval (>99%) indicates strong confidence in the current management team. No material impact on stock expected as these are routine governance matters.