Bharat Forge Ltd — AGM Information 2021

Aug 13, 2021

August 13, 2021

BHARAT FORGE

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, Bandra (East) Mumbai- 400 051 Symbol: BHARATFORG Series: EQ

Dear Sirs,

Sub: Proceedings of 60[th ] Annual General Meeting of the Company held on Friday, August 13, 2021 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30, Part A of Schedule - Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith brief proceedings of the 60[th ] Annual General Meeting (AGM) of the Company held on Friday, August 13, 2021 through Video Conferencing ["VC"]/Other Audio Visual Means ["OAVM"].

This is for your information and records.

Thanking VOL\,

Yours Faithfully, For Bharat Forge Limited T�haudhari Company Secretary ACS No. 18907

==> picture [83 x 83] intentionally omitted <==

Encl: As above

==> picture [35 x 34] intentionally omitted <==

KALYANI GROUP COMPANY

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

BHARAT FORGE

Summary of proceedings of the 60[th ] Annual General Meeting

The 60[th ] Annual General Meeting (AGM) of the Members of Bharat Forge Limited ('the Company') was held on Friday, August 13, 2021 commenced at 11:30 A.M. (1.S.T.) through Video Conferencing ["VC")/Other Audio Visual Means ["OAVM"].

Ms. Tejaswini Chaudhari, Company Secretary of the Company welcomed the shareholders and briefed on certain points regarding the participation in the meeting through VC. It was informed that there was no proxy facility available for this meeting, as it was dispensed by Ministry of Corporate Affairs ("MCA") while other statutory registers were available for inspection electronically.

After that Mr. B. N. Kalyani, Chairman and Managing Director of the Company, chaired the Meeting. The Chairman informed the Members that in view of the continuing COVID-19 pandemic, and to ensure social distancing norms, the Annual General Meeting of the Company was convened through Video Conferencing or Other Audio-Visual Means, in accordance with various circulars issued by MCA and Securities and Exchange Board of India in this regard and in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The requisite quorum being present, the Chairman called the Meeting to order. All the directors present in the meeting introduced themselves and informed the location from where they are attending the meeting.

The Chairman thereafter informed that the representatives of Statutory Auditors, Secretarial Auditors and Cost Auditors of the Company were also present through VC.

With the consent of the Members, the Notice convening the 60[th ] AGM was taken as read. The Chairman informed the Members that there being no qualifications, observations and comments on financial transactions or matters in the Auditor's Report as well as Secretarial Auditor's Report, the same was not required to be read.

The Chairman commenced his speech and summarized the business operations and financial performance of the Company. Additionally he spoke in brief about the different segments of business, preparedness of the Company for the future opportunities and shed light on the measures taken in light of the present COVID-19 conditions.

The Chairman further informed the shareholders that pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had provided Members the facility to cast their vote electronically in respect of all businesses set forth in the Notice. The remote e-voting facility was kept open for the period of 3 (three) days i.e. between Tuesday, August 10, 2021 (9:00 A.M.) to Thursday, August 12, 2021 (5:00 P.M.). Members who

==> picture [34 x 34] intentionally omitted <==

KALYANI GROUP COMPANY

==> picture [82 x 83] intentionally omitted <==

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

BHARAT FORGE

were present in the AGM through VC/OAVM facility and had not cast their vote through remote e-voting were provided an opportunity to cast their votes electronically during the AGM through the NSDL platform.

The following items of business as set forth in the Notice of AGM dated June 04, 2021 were transacted at the Meeting:

SN		Ag�nd� Item	tesolutien **"ype **
1		To consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2021 and the reports of the Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2021 and the report of Auditors thereon. To declare final dividend on Equity Shares for the Financial Year ended March 31, 2021.	Ordinary Resolution Ordinary Resolution
2 3
		To appoint a Director in the place of Mr. K. M. Saletore (DIN: 01705850), who retires by rotation and being eligible, ofers himself for re-appointment	Ordinary Resolution
4		To appoint a Director in the place of Mr. P. C. Bhalerao (DIN: 00037754), who retires by rotation and being eligible, offers himself for re-appointment	Ordinary Resolution
5 6		Re-appointment of Mr. B.P. Kalyani (DIN: 00267202), as an Executive Director of the Company Re-appointment of Mr. S. E. Tandale (DIN: 00266833), as an Executive Director of the Company	Ordinary Resolution Ordinary Resolution
7		Ratification of remuneration of the Cost Auditors	Ordinary Resolution

The Chairman then invited Members to ask their queries. The Chairman responded satisfactorily to the queries/suggestions raised by the Members.

==> picture [36 x 35] intentionally omitted <==

KALYANI GROUP COMPANY

==> picture [86 x 83] intentionally omitted <==

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.bharotforge.com CIN No. L25209PN1961 PLC012046

BHARAT FORGE

Post the Q&A session, the Chairman informed the Members that the e-Voting facility was kept open for the next 15 minutes to enable the Members to cast their vote. The Board of Directors has appointed Mr. S.V. Deulkar failing him Mr. Sridhar Mudaliar, Partners of M/s. SVD & Associates, Company Secretaries, Pune, as the Scrutinizer to scrutinize the e-voting and remote e-voting process in a fair and transparent manner. The Chairman authorized the Company Secretary to declare the results of the voting and place the results on the website of the Company at the earliest. The Chairman also informed that the results of voting will be declared on receipt of Scrutinizer's Report within two working days of conclusion of AGM.

To mark the closure of the meeting the Chairman thanked all the Members for their active participation and co-operation.

The AGM concluded at 1:00 PM (1.S.T.) (including the time allowed for e-voting at the AGM).

This is for your information and records.

Yours Faithfully, For Bharat Forge Limited r: Ttni Chaudhari Company Secretary ACS No. 18907

==> picture [83 x 82] intentionally omitted <==

August 13, 2021

==> picture [35 x 35] intentionally omitted <==

KALYANI GROUP COMPANY

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 PLC0l 2046