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Bharat Forge Ltd Regulatory Filings 2021
61415_rns_2021-02-22_841b693e-684b-4fe6-8d9d-4a4fb748714e.pdf
Regulatory Filings
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February 22, 2021
To,
BSE Limited,
1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, Mumbai - 400 001 BSE SCRIP CODE - 500493
National Stock Exchange of India Ltd., 'Exchange Plaza', Bandra-Kurla Complex, Sandra (East) Mumbai- 400 051 Symbol: BHARATFORG Series: EQ
Dear Sir/Madam,
Sub: Reporting of violations under the Code of Conduct for Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information of the Company
Ref: SEBI/HO/ISD/ISD/CIR/P/2020/135 circular dated July 23, 2020
With reference to the above, please find enclosed herewith report on violations under the Code of Conduct for Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information of the Company by the Designated Persons and/or their immediate relatives.
This is for your information.
Thanking you,
Yours faithfully, For Bharat Forge Limited
Tej�haudhari Company Secretary
Reporting on Insider Trading violation under Schedule Bread with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulations, 2015
| SN | Particulars | Details |
|---|---|---|
| 1. | Nameofthelistedcompany/ | Bharat Forge Limited |
| I At8FFR98 ia FytJ;:is 1::1sia F'j | ||
| 2. | Please tick appropriate checkbox | |
| Reporting in capacity of: | ||
| -;/ Listed Company | ||
| Intermediary | ||
| Fiduciary | ||
| 3. | A. Details of Designated Person (DP) | |
| i.Name of the DP | Ajit Palande | |
| ii.PAN of the DP | ABQPP4100R | |
| iii.Designation of DP | SeniorManager-Production, | |
| Planning and Control | ||
| iv.Functional Role of DPv. | Process and production planninq | |
| Whether DP is Promoter or belongs toPromoter Group | No | |
| B.If Reporting is for immediate relative of DP | ||
| i.Name of the immediate relative of DP | NA | |
| ii.PAN of the immediate relative of DP | NA | |
| C.Details of transaction(s) | ||
| i.Name of the scrip | Bharat Forge Limited | |
| SSE-500493 | ||
| NSE-BHARATFORG | ||
| ii.No of shares traded and value (Rs.) (Date-wise) | Sold shares as follows: | |
| DateQtyValue | ||
| 13-Jan-30645.00 | ||
| 2021 | ||
| 13-Jan-15614.00 | ||
| 2021 | ||
| D.In case value of trade(s) is more than Rs.10 lacs in a calendar quarter | ||
| i.Date of intimation of trade(s) by concerned | NA | |
| DP/director/promoter/promotergroupto | ||
| Company under regulation 7 of SEBI (PIT) | ||
| Regulations, 2015 | ||
| ii. Date of intimation of trade(s) by Company to | NA | |
| stock exchanges under regulation 7 of SEBI | ||
| (PIT) Regulations, 2015 | ||
| 4. | Detailsofviolations observed under Code of | DPtradedduringthetrading |
| Conduct | window closure period (Trading | |
| window was closed from January | ||
| 1, 2021 to February 14, 2021 ). | ||
| 5. | ||
| Action taken by Listed company/ Intermediary/Fiduciary | The Company took the followingactions: |
| a. Sought explanation in writing for | |||
|---|---|---|---|
| the said violation; and | |||
| b.Issued warning against any | |||
| future violation. | |||
| 6. | Reasons recorded in writing for taking action stated | Warning issued considering the | |
| above | amount involved and the fact that | ||
| this was a first time violation by the | |||
| 7. | Details of the previous instances of violations, if | DP.None | |
| any, since last financial year | |||
| 8. | If any amount collected for Code of Conduct violation(s) | ||
| i. Mode of transfer to SEBI - IPEF (Online/Demand | None | ||
| Draft) | |||
| ii. Details of transfer/ payment | |||
| In case of online: NA | |||
| Particulars | Details | ||
| Name of transferor | - | ||
| Bank Name, branch and | - | ||
| Account number | |||
| UTR/Transaction | - | ||
| reference Number | |||
| Transaction Date | - | ||
| TransactionAmount(in | - | ||
| Rs.) | |||
| In case of Demand Draft (DD): NA | |||
| Particulars | Details | ||
| Bank name and branch | - | ||
| DD Number | - | ||
| DD Date | - | ||
| DD Amount (in Rs.) | - | ||
| 9. | Any other relevant information | None |
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: +91 20 6704 2777 FAX: +91 20 2682 0699 (Export), 2682 2387 (Sales/Mktg) 2682 2163 (Materials) Website : www.bharatforge.com CIN No. L25209PN 1961 PLCOl 2046
Reporting on Insider Trading violation under Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading} Regulations, 2015
| SN | Particulars | Details | |
|---|---|---|---|
| 1. | Name of the listed company/ 1-�:p---:':::�.,,c;:;-:-r, | Bharat Forge Limited | |
| 2. | Please tick appropriate checkbox | ||
| Reporting in capacity of : | |||
| J Listed Company | |||
| Intermediary | |||
| Fiduciary | |||
| 3. | A.Details of Designated Person (DP) | ||
| vi.Name of the DP | Ashwin Mahajan | ||
| vii.PAN of the DP | AATPM1676M | ||
| viii.Designation of DP | Vice Presidentp Machined | ||
| Component Division (MCDPI) | |||
| ix.Functional Role of DP | Heading all the activities of | ||
| MCDPI | |||
| WhetherDPisPromoterorbelongstoX. | No | ||
| Promoter Group | |||
| B.If Reporting is for immediate relative of DP | |||
| i.Name of the immediate relative of DP | Swati Mahajan (Spouse ofDP) | ||
| ii.PAN of the immediate relative of DP | ASFPM4581P | ||
| C.Details of transaction(s) | |||
| i.Name of the scrip | Bharat Forge Limited | ||
| BSEP 500493 | |||
| NSEP SHARA TFORG | |||
| ii.No of shares traded and value (Rs.) (Datep wise) | Bought shares as follows: | ||
| ValueDateQty | |||
| (per | |||
| share) | |||
| 2597.0818PJanp | |||
| 2021 | |||
| D.In case value of trade( s) is more than Rs.1 O lacs in a calendar quarter | |||
| iii. Dateofintimationoftrade(s)byconcerned | NA | ||
| DP/director/promoter/promoter group to Company | |||
| under regulation 7 of SEBI (PIT) Regulations, 2015 | |||
| iv. Date of intimation of trade(s) by Company to stock | NA | ||
| exchangesunder regulation7ofSEBI(PIT) | |||
| Regulations, 2015 | |||
| 4. | Details of violations observed under Code of Conduct | of DPImmediaterelative | |
| tradedduringthetrading | |||
| windowclosureperiod | |||
| (Trading window was closed | |||
| fromJanuary1,2021 to | |||
| February 14, 2021 ). | |||
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: +91 20 6704 2777 FAX: +91 20 2682 0699 (Export), 2682 2387 (Sales/Mklg) 2682 2163 (Materials) Websile : www.bharatforge.com CIN No. l25209PN 1961 PLCOl 2046
| 5. | Action taken by Listed company/ Intermediary/ Fiduciary | TheCompanytookthefollowing actions: | |
|---|---|---|---|
| a.Soughtexplanationin | |||
| writing for the said violation;and | |||
| Issued warning againstb. | |||
| any future violation. | |||
| 6. | Reasons recorded in writing for taking action stated | Warning issued considering | |
| above | the amount involved and thefact that this was a first time | ||
| violation by the DP. | |||
| 7. | Details of the previous instances of violations, if any, | None | |
| since last financial year | |||
| 8. | If any amount collected for Code of Conduct violation(s) | ||
| i. Mode of transfer to SEBI - IPEF (Online/Demand Draft) | None | ||
| ii. Details of transfer/ payment | |||
| In case of online: NA | |||
| Particulars | Details | ||
| Name of transferor | - | ||
| Bank Name, branch and | - | ||
| Account number | |||
| UTR/Transaction | - | ||
| reference Number | |||
| Transaction Date | -- | ||
| TransactionAmount(in | |||
| Rs.) | |||
| In case of Demand Draft (DD): NA | |||
| Particulars | Details | ||
| Bank name and branch | - | ||
| DD Number | - | ||
| DD Date | - | ||
| 9. | DD Amount (in Rs.)Any other relevant information | - | I None |
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE : +91 20 6704 2777 FAX: +91 20 2682 0699 (Export), 2682 2387 (Sales/Mktg) 2682 2163 (Materials) Website : www.bharatlorge.com CIN No. L25209PN1961PLC012046
Reporting on Insider Trading violation under Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulations, 2015
| SN | Particulars | Details | ||
|---|---|---|---|---|
| 1. | Name of the listed company/.. ____ ,.,�;� �:,.,,.,, | Bharat Forge Limited | ||
| 2. | JPlease tick appropriate checkbox | |||
| Reporting in capacity of : | ||||
| � Listed Company | ||||
| Intermediary | ||||
| Fiduciary | ||||
| 3. | A.Details of Designated Person (DP) | |||
| xi.Name of the DP | Sasi Ramkrishnan P | |||
| xii.PAN of the DP | AAPPP0572K | |||
| xiii.Designation of DP | AssociateVicePresident, | |||
| Strategic Business | ||||
| xiv.Functional Role of DP | Handling engineering functions of | |||
| CLWT (Centre for Light Weight | ||||
| xv. | Technology) | |||
| Whether DP is Promoter or belongs toPromoter Group | No | |||
| B.If ReportinQ is for immediate relative of DP | ||||
| i.Name of the immediate relative of DP | Shinu Sasi (Spouse of DP) | |||
| ii.PAN of the immediate relative of DP | CXRPP9312G | |||
| C.Details of transaction(s) | ||||
| i.Name of the scrip | Bharat Forge Limited | |||
| BSE- 500493 | ||||
| NSE-BHARATFORG | ||||
| ii.No of shares traded and value (Rs.) (Date- wise) | Bought and sold shares as | |||
| follows: | ||||
| DateQtyNatureValue | ||||
| per | ||||
| shareBuy29-Dec-100521.90 | ||||
| 2020 | ||||
| Sold1-Jan-100528.00 | ||||
| 2021 | ||||
| D.In case value of trade( s) is more than Rs.1 O lacs in a calendar quarter | ||||
| v. Date of intimation of trade( s) by concerned | NA | |||
| DP/director/promoter/promotergroupto | ||||
| Company under regulation 7 of SEBI (PIT) | ||||
| Regulations, 2015 | ||||
| vi. Date of intimation of trade(s) by Company to | ||||
| NA | ||||
| stock exchanges under regulation 7 of SEBI | ||||
| (PIT) Regulations, 2015 | ||||
| 4. | Details of violations observedunder Code of | a. Immediate relative of DP traded | ||
| Conduct | duringthetradingwindow | |||
| closure period (Trading window | ||||
| was closed from January 1, |
BHARAT FORGE LIMITED MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: +91 20 6704 2777 FAX: +91 20 2682 0699 (Exportl, 2682 2387 (Sales/Mktg) 2682 2163 (Materials) Website : www.bhorotforge.com CIN No. L25209PN1961 PLC012046
| 2021 to February 14, 2021 ); | |||
|---|---|---|---|
| and | |||
| b. Immediaterelativeexecuted | |||
| contra trade | |||
| 5. | Action taken by Listed company/ Intermediary/ | The Company took the following | |
| Fiduciary | actions: | ||
| a. Sought explanation in writing | |||
| for the said violation; | |||
| b.Issued warning against any | |||
| future violation; and | |||
| c.Instructed to disgorge profit | |||
| accrued through the transactions | |||
| amounting to Rs. 1,210/-plus | |||
| penalty of Rs.500/-. | |||
| 6. | Reasons recorded in writing for taking action stated | TheCompanytookaforesaid | |
| above | actions considering the following: | ||
| a. Quantity traded being marginal;b. DP did not possess any UPSI | |||
| at the time of trade; | |||
| c. First time violation by the DP/ | |||
| immediate relative. | |||
| 7. | Details of the previous instances of violations, if any, | None | |
| since last financial year | |||
| 8. | If any amount collected for Code of Conduct violation(s) | ||
| i. Mode of transfer to SEBI - IPEF (Online/Demand | Remitted online | ||
| Draft) | |||
| ii. Details of transfer/ payment | |||
| In case of online: | |||
| Particulars | Details | ||
| Name of transferor | Sasi R Puthanpurayil | ||
| Bank Name, branch and | ICICI-BANK, | ||
| Account number | Shivajinagar Branch, | ||
| Pune | |||
| 003901062900 | |||
| UTR/Transaction | 104917526545 | ||
| reference Number | |||
| Transaction Date | 18-02-2021 | ||
| TransactionAmount(in | 1, 710/ | ||
| Rs.) |
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE : +91 20 6704 2777 FAX: +91 20 2682 0699 (Export!, 2682 2387 (Sales/Mktgl 2682 2163 (Materials! Website : www.bharatforge.com CIN No. L25209PN 1961 PLC012046
| In case of Demand Draft (DD): NA | ||||
|---|---|---|---|---|
| Particulars | Details | |||
| Bank name and branch | - | |||
| DD Number | - | |||
| DD Date | - | |||
| DD Amount (in Rs.) | - | |||
| 9. | Any other relevant information | I None |
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: +91 20 6704 2777 FAX: +91 20 2682 0699 [Export), 2682 2387 [Sales/Mktg) 2682 2163 [Materials) Website : www.bharatforge.com CIN No. l25209PN1961PLC012046
Reporting on Insider Trading violation under Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulations, 2015
| SN | Particulars | Details |
|---|---|---|
| 1. | -·-P'l.Name of the listed company/ 1--- ',,1;_,., /C�J-- -· J | Bharat Forqe Limited |
| 2. | Please tick appropriate checkbox | |
| Reporting in capacity of : | ||
| / Listed Company | ||
| Intermediary | ||
| Fiduciary | ||
| 3. | A.Details of Designated Person (DP)xvi. | |
| Name of the DPxvii.PAN of the DP | Sivasankaran M | |
| xviii.Designation of DP | AJNPS5586KRetainer | |
| xix.Functional Role of DP | Handling all secretarial and | |
| admin work related to Closed | ||
| DieForgeDivision | ||
| Department | ||
| xx.WhetherDPisPromoterorbelongsto | No | |
| Promoter Group | ||
| B.If Re1:>ortinq is for immediate relative of DP | ||
| i.Name of the immediate relative of DP | NA | |
| ii.PAN of the immediate relative of DP | NA | |
| C.Details of transaction(s) | ||
| i.Name of the scrip | Bharat Forge Limited | |
| BSE- 500493 | ||
| NSE-BHARATFORG | ||
| ii.No of shares traded and value (Rs.) (Date- wise) | Bought and sold shares as | |
| per Annexure A | ||
| In case value of trade(s) is more than Rs.10 lacs in a calendar quarterD. | ||
| vii.Dateofintimationoftrade(s)byconcerned | February 17, 2021 | |
| DP/director/promoter/promoter group to Company | ||
| under regulation 7 of SEBI (PIT) Regulations, 2015 | ||
| viii.Date of intimation of trade(s) by Company to | February 17, 2021 to BSE | |
| stock exchanges under regulation 7 of SEBI(PIT) | February 18, 2021 to NSE | |
| Regulations, 2015 | ||
| 4. | Details of violations observed under Code of Conduct | �- DPtradedduringthe |
| windowclosuretrading | ||
| (Tradingwindowperiod | ||
| was closed from January 1, | ||
| 2021 to February 14, 2021 ); | ||
| b.DP executed contra-trade; | ||
| inexecutedtradeK:. DP | ||
| excess of Rs. 1 O lakh in a | ||
| withoutcalendarquarter |
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. . PHONE: +91 20 6704 2777 FAX: +91 20 2682 0699 !Export), 2682 2387 IScles/Mklg) 2682 2163 !Malenals) Website : www.bharatlorge.com CIN No. L25209PN 1961 PLCOl 2046
| 5. | Action taken by Listed company/ Intermediary/ Fiduciary | obtainingpre-clearance;andclDP failed to make requisitedisclosures to the Companywithinperiodoftwoatradingdaysofthetransaction/s.TheCompanytookthefollowing actions: |
|---|---|---|
| a. Soughtexplanationinwritingforthesaidviolation;Issuedb.warningagainstany future violation;Banned DP from engagingc.in any trade of the securitiesof the Company for a periodof 1 year from the date ofissueofnoticebytheCompany; andd.Instructed to disgorge profitaccruedthroughthetransactions amounting toRs. 29, 176/- plus penalty ofRs.10,000/-. | ||
| 6. | Reasons recorded in writing for taking action statedabove | The Company took aforesaidactionsconsideringthefollowing:a. DP informed that he hastraded inadvertently duringtradingwindowclosureobtainingperiodwithoutpreclearance oftrade.b.DP did not possess anyUPSIat the time of tradec. First time violation by theDP |
| 7. | Details of the previous instances of violations, if any, | None |
| 8. | since last financial year | |
| If any amount collected for Code of Conduct violation(s)i. Mode of transfer to SEBI | Remitted on line | |
| - IPEF (Online/Demand Draft) |
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: +91 20 6704 2777 FAX : +91 20 2682 0699 (Export), 2682 2387 (Sales/Mktg) 2682 2163 (Materia I) s Website : www.bharatforge.com CIN No. L25209PN1961PLC012046
| ii. Details of transfer/ payment | ||
|---|---|---|
| In case of online: | ||
| Particulars | Details | |
| Name of transferor | SIVASANKARAN KM | |
| Bank Name, branch and | ICICIBank,Shangrila | |
| Account number | Garden Branch | |
| 000501034167 | ||
| UTR/Transaction | 47696941 | |
| reference Number | ||
| Transaction Date | 18-02-2021 | |
| TransactionAmount(in | 39,176.00 | |
| Rs.) | ||
| In case of Demand Draft (DD): NAParticulars | Details | |
| Bank name and branch | - | |
| - | ||
| DD Number | ||
| DD Date | -- |
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036, MAHARASHTRA, INDIA. PHONE: +91 20 6704 2777 FAX: +91 20 2682 0699 (Export). 2682 2387 (Sales/Mktg) 2682 2163 (Materials) Website : www.bhoratforge.com CIN No. L25209PN1961 PLC012046
Annexure A:
Details of shares traded by Mr. Sivasankaran M as required under Point 3(c)(ii):
| Date | Nature | Qty | Value per share |
|---|---|---|---|
| 27-Jan-2021 | Bought | 200 | 592.82 |
| 25-Jan-2021 | Bought | 300 | 600.60 |
| 21-Jan-2021 | Sold | 400 | 633.96 |
| 14-Jan-2021 | Bought | 100 | 619.80 |
| 13-Jan-2021 | Sold | 200 | 646.21 |
| 13-Jan-2021 | Sold | 100 | 646.19 |
| 13-Jan-2021 | BouQht | 300 | 622.38 |
| 11-Jan-2021 | BouQht | 100 | 609.69 |
| 08-Jan-2021 | BouQht | 100 | 605.06 |
| 08-Jan-2021 | BouQht | 100 | 603.80 |
| 04-Jan-2021 | Sold | 140 | 551.60 |
BHARAT FORGE LIMITED, MUNDHWA, PUNE 411 036 MAHARASHTRA INDIA PHONE: +91 20 6704 2777 FAX: +91 20 26 _ 82 0699 (Export), 2682 '2387 (Sales/Mkt�) 2682. 2163 (Materials) Website : www.bharatforge.com CIN No. L25209PN 1961 PLCOl 2046