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Bharat Forge Ltd

You are Here : Home > Markets > CompanyInformation > Board Meeting
BSE Code : 500493 | NSE Symbol : BHARATFORG | ISIN : INE465A01025 | Industry : Castings, Forgings & Fastners |


Board Meeting
Announcement Date Date Of Meeting Purpose Detail
31-Jul-2024 08-Aug-2024 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/08/2024 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter ended on June 30 2024 Board approved:- 1. Raising of funds by way of issue of equity shares, debt issue, or any other securities convertible into equity shares or a combination of such securities by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, preferential issue or any other method as may be permitted by applicable laws, subject to approval of shareholders of the Company and such regulatory/statutory approvals as may be required. The Company's Investment Committee - Strategic Business' has been delegated the powers to decide the structure, form of issuance, price, timing, terms and conditions thereof and all other matters related or incidental thereto. 2. Conversion of USD 12 million loan given to Bharat Forge America Inc. into equity. 3. Transfer of 39.43% stake held in TMJ Electric Vehicles Limited to Bharat Forge International Limited, a wholly-owned subsidiary, at fair value assessed by a independent valuer. The Company will intimate exchanges as and when there are any updates regarding this transfer. 4. In modification to our intimation dated June 20, 2022 pertaining to transfer of the Company's stake in its joint venture Refu Drive GmbH, to Kalyani Powertrain Limited ('KPTL'), a wholly owned subsidiary of the Company, for consideration in the form of shares of KPTL, the Board has now agreed to transfer the stake to KPTL for cash consideration of _11.509 million which is the fair value as determined by independent valuer. The Board has delegated modalities and timing of completion of this transfer to the Investment Committee - Strategic Business'. Necessary intimations in this regard shall be provided by the Company as and when due. 5. Closure of Indigenous IL Limited ('IL'), a non-operational subsidiary of the Company. IL was incorporated as a wholly-owned subsidiary of the Company in Israel in 2018 to explore investment opportunities in various technology start-up companies. IL has not commenced any business since its incorporation. Thus, no capital was contributed into IL. The closure of IL has been approved since there are no future business plans envisaged in Israel. 6. Amendment to the Company's Code of Conduct for Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information ('Code of Conduct'). 7. Consequent upon closure of all infrastructure business activities in BF Infrastructure Limited ('BF Infra'), a wholly owned subsidiary of the Company, the share e capital invested by the Company is now not represented by corresponding assets. Therefore, the Board has given in-principle approval for undertaking capital reduction by BF Infra, subject to approval of BF Infra's shareholders and approval by the National Company Law Tribunal under the Companies Act, 2013. 9. In its meeting dated November 14, 2022, the Board had approved limits on investments and/or guarantees to be provided to its foreign subsidiaries and associates. In partial modification to this approval, the Board has now extended the investment and/or guarantee limits to step-down operating subsidiaries of such foreign subsidiaries and associates. Necessary stock exchange intimations shall be made by the Company once actual investments are made and/or guarantees are extended pursuant to this modification. (As Per BSE Bulletin Dated on 08.08.2024)
26-Apr-2024 08-May-2024 Accounts BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/05/2024 inter alia to consider and approve the audited standalone and consolidated financial results of the Company for the quarter and year ended March 31 2024 and to consider and recommend final dividend if any on the Equity Shares for the financial year ended March 31 2024. Board Meeting Outcome - Dividend Outcome of Board Meeting to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ending March 31, 2024 and recommended a final dividend of Rs. 6.50 per equity share of the face value of Rs. 2/- each (at the rate of 325%) for the financial year ended March 31, 2024 Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ending March 31, 2024. (As Per BSE Announcement Dated on 08.05.2024)
03-Apr-2024 03-Apr-2024 Change in Directors Regulation 30 and Regulation 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
01-Feb-2024 12-Feb-2024 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2024 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter ended on December 31 2023 Outcome of Board Meeting Declaration of Interim Dividend In-principle approval for raising funds Approval for re-appointment of Mr. Dipak Mane as Independent Director for second term Declaration of record date of February 23, 2024 for interim dividend Financial Results for the quarter ended December 31, 2023 (As Per BSE Announcement Dated on 12/02/2024) Issuance of rated, listed, unsecured, redeemable, non-convertible debentures and availing of term loan (As Per BSE Announcement Dated on 13/03/2024)
27-Oct-2023 06-Nov-2023 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/11/2023 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter and half year ended on September 30 2023 Outcome Of Board Meeting Held On November 06, 2023 Termination of the GDR Program and subsequent delisting from the Luxembourg Stock Exchange (As Per BSE Announcement Dated on 06.11.2023)
26-Jul-2023 09-Aug-2023 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/08/2023 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter ended on June 30 2023 Outcome of Board meeting held on August 09, 2023 Financial results for the quarter ended June 30, 2023 Investment in Kalyani Powertrain Limited, Wholly-owned subsidiary (As Per BSE Announcement Dated on 09/08/2023)
27-Apr-2023 05-May-2023 Accounts BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/05/2023 inter alia to consider and approve a. the audited standalone and consolidated financial results of the Company for the quarter and year ended March 31 2023; and b. recommend final dividend if any on the Equity Shares for the financial year ended March 31 2023. Board Meeting Outcome For Submission of Audited And Consolidated Financial Results For Quarter And Financial Year Ended March 31, 2023 And Recommendation Of Declaration Of Final Dividend. Financial Results For Quarter And Financial Year Ended March 31, 2023 Board recommended Final Dividend and declares date of payment of dividend on or after August 18, 2023 (As Per BSE Announcement Dated on 05.05.2023)
23-Feb-2023 23-Feb-2023 Others Intimation Of Internal Restructuring.
30-Jan-2023 14-Feb-2023 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2023 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter ended on December 31 2022 Board Meeting Outcome for Intimation Regarding Consideration and Approval of Unaudited Financial Results for the Quarter and nine months ended December 31, 2022 Financial Results For The Quarter And Nine Months Year Ended December 31, 2022 1. Re-appointment of Mr. B. N. Kalyani (DIN: 00089380) as the Managing Director for a period of 5 (five) years with effect from March 30, 2023 subject to the approval of the shareholders and designated as Chairman and Managing Director of the Company; 2. Re-appointment of Mr. G. K. Agarwal (DIN 00037678) as the Deputy Managing Director of the Company for a period of one (1) year with effect from April 01, 2023 subject to the approval of the shareholders. (As per BSE Announcement Dated on 14/02/2023)
21-Oct-2022 14-Nov-2022 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2022 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter ended on September 30 2022 (As Per BSE Bulletin Dated on 09.11.2022) BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2022 ,inter alia, to consider and approve Update on board meeting (As Per BSE Announcement Dated on 09/11/2022) The Company has declared an interim dividend of Rs. 1.50/- per equity share of face value of Rs. 2/- each of the Company (at the rate of 75%) in its Board meeting held on November 14, 2022. The interim dividend shall be paid on or before Tuesday, December 13, 2022. Intimation regarding consideration and approval of unaudited financial results for the Quarter and half year ended September 30, 2022 and declaration of Interim Dividend. Financial results for the quarter and half year ended September 30, 2022 (As Per BSE Announcement Dated on 14.11.2022) Intimation of Record Date for payment of Interim Dividend on Equity Shares for the Financial Year 2022-23 (As per BSE Announcement Dated on 15/11/2022) The Company has sent an e-mail communication to all the shareholders of the Company whose e-mail IDs are registered with the Company explaining the process on withholding tax from dividends (TDS) paid to the members at prescribed rates along with the necessary annexures. (As Per BSE Announcement Dated on 16/11/2022)
28-Jul-2022 11-Aug-2022 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2022 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter ended on June 30 2022 Unaudited Financial Results for the Quarter ended June 30, 2022 (As Per BSE Announcement Dated 11.08.2022)
02-May-2022 16-May-2022 Accounts Audited Results & Final Dividend BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2022 ,inter alia, to consider and approve (a) Audited standalone and consolidated Financial Results for the quarter and year ended on March 31, 2022; (b) Recommendation of Final Dividend (As per BSE Announcement Dated on 30/4/2022) Bharat Forge Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 16, 2022, inter alia, have recommended a final dividend of Rs. 5.50 per equity share of the face value of Rs. 2/- each (at the rate of 275%) for the financial year ended March 31, 2022, subject to approvai of the Members of the Company at the ensuing Annual General Meeting. The final dividend for the financial year ended March 31, 2022, if approved by member, will pe paid on or after August 19, 2022. Recommendation for appointment of B S R & Co. LLP as Statutory Auditor of the Company, subject to the approval of Members at the ensuing Annual General Meeting of the Company Board Meeting Outcome for Submission Of Audited And Consolidated Financial Results For Quarter And Financial Year Ended March 31, 2022 and recommendation of declaration of Final Dividend. (As Per BSE Announcement Dated on 16.05.2022)
29-Jan-2022 10-Feb-2022 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2022 inter alia to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter and nine months ended on December 31 2021 Intimation under Regulation 30 SEBI (LODR)- Outcome of Board Meeting (As Per BSE Announcement Dated on 10/02/2022)
01-Nov-2021 12-Nov-2021 Quarterly Results Quarterly Results Quarterly Results & Interim Dividend (As per BSE Bulletin dated on 09/11/2021) Bharat Forge Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12 2021 inter alia have considered approved and took on record the following:- Declared an interim dividend of Rs. 1.50/- per equity share of the face value of Rs. 2 each of the Company (at the rate of 75%).The interim dividend shall be paid on or before December 09 2021 to the equity shareholders of the Company. Bharat Forge Ltd has informed BSE that the Company has fixed November 26, 2021 as the Record Date for the purpose of Payment of Interim Dividend. The interim dividend shall be paid on or before December 09, 2021. Resignation of Directors Outcome of Board meeting- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). Outcome of Board meeting- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). Bharat Forge Ltd . (As Per BSE Announcement Dated on 11/12/2021 2:18:56 AM)
24-Jul-2021 12-Aug-2021 Quarterly Results BHARAT FORGE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2021 ,inter alia, to consider and approve Unaudited Standalone & Consolidated Financial Results for the quarter ended on June 30, 2021. Regulation 30 of SEBI LODR Regulations, 2015- Outcome of Board Meeting (As Per BSE Announcement dated on 12.08.2021)
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