KRISHANVEER FORGE LIMITED

CIN: L28910PN1990PLC056985

REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: [email protected] | WEBSITE: www.kvforge.com

KVF/SEC/2025-26/58

August 26, 2025

The Manager, BSE Limited, Corporate Relationship Department, 1[st] Floor, New Trading Wing, Rotunda Building, P. J. Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 513369

Dear Sir / Madam,

Sub: Submission of the Notice of the 35[th] Annual General Meeting of the Company

Pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Notice calling 35[th] Annual General Meeting of the Members of the Company to be held on Friday, September 19, 2025, at 11.30 A.M. (IST) through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM").

The said Notice of 35[th] Annual General Meeting is also available on the website of the Company at www.kvforge.com

Kindly take the same on your records.

Thanking you,

Yours faithfully,

FOR KRISHANVEER FORGE LIMITED

Mahendra Digitally signed by Mahendra Ravso Samdole Ravso Samdole Date: 2025.08.26 11:06:47 +05'30'

Mahendra Ravso Samdole Company Secretary & Compliance Officer Membership No. : A 58630

Encl.: As above

FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424

35[th] Annual Report 2024-25

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NOTICE

Notice is hereby given that the 35[th] Annual General Meeting (“AGM”) of the Members of KRISHANVEER FORGE LIMITED (“the Company”) will be held on Friday, September 19, 2025, at 11.30 AM (IST) through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”), to transact the following business:

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.

To consider and pass the following resolution as an Ordinary Resolution:

“RESOLVED THAT the Audited Standalone Financial Statements of the Company including the Balance Sheet as Report of the Board of Directors and Auditors, thereon be and are hereby received, considered and adopted.”

2. To declare a dividend of Rs. 2.50 per Equity Share as recommended by the Board of Directors for the Financial Year ended March 31, 2025.

To consider and pass the following resolution as an Ordinary Resolution:

“RESOLVED THAT in terms of the recommendation of the Board of Directors of the Company, the approval of the Members whose names appear on the Company’s Register of Members, as on the Record Date.”

3. To appoint a Director in place of Mr. Arun Krishankumar Jindal (DIN: 00121523), who retires by rotation and

“RESOLVED THAT

and is hereby re-appointed as the Director of the Company.”

SPECIAL BUSINESS:

the Company

“RESOLVED THAT

read with the Company’s Related Party Transactions Policy, approval of the Members be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the “Board”, which term shall be deemed to include the Audit Committee or any other Committee constituted/ empowered / to be constituted by the Board from time to time to exercise its powers conferred by this Resolution) to carry on and/or enter into a series of transaction(s)/contract(s)/

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may be agreed to by the Board subject to such transaction(s)/contract(s)/arrangement(s)/agreement(s) being carried out in the ordinary course of business and at arm’s length.

RESOLVED FURTHER THAT the Board be and is hereby authorized to do and perform all such acts, deeds, matters

in respect of executing necessary documents, including contract(s) / arrangement(s) / agreement(s) and other ancillary whatsoever that may arise and to take all such decisions from powers herein conferred; and delegate all or any of the

shall be deemed to have accorded their consent thereto expressly by the authority of this Resolution.

RESOLVED FURTHER THAT all actions taken by the Board in connection with any matter referred to or contemplated

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RESOLVED FURTHER THAT the Directors and Key Managerial Personnel of the Company be and are hereby severally authorized to do all such acts, deeds and things and to take all such steps as may be necessary for the purpose of

5. Appointment of M/s. Satish & Satish, Practising Company Secretaries, Pune as Secretarial Auditors of the Company

“RESOLVED THAT pursuant to the provisions of section 204 and other applicable provisions, if any, of the Companies

recommendations of the Audit Committee and Board of Directors of the Company, M/s. Satish & Satish, Peer reviewed pocket expenses as may be incurred by them during the course of the secretarial audit.

FURTHER RESOLVED THAT the Board of Directors of the Company (including any Committee thereof), be authorized on behalf of the Company, including but not limited to determine role and responsibilities/ scope of work of the Secretarial document in this regard and to alter and vary the terms and conditions of remuneration arising out of increase in scope further consent or approval of the Members of the Company and to do all such acts, deeds, matters and things as it Resolution.”

By Order of the Board

FOR KRISHANVEER FORGE LIMITED

Sd/-

Mahendra Samdole

Date: August 13, 2025 Place: Pune

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NOTES:

of the Members at a common venue. In compliance with the MCA Circulars, AGM of the Company is being held through

deemed to be the venue for the AGM.
2) In compliance with the Circulars, the AGM Notice and the Annual Report 2024-25, including Financial Statements only through electronic mode to those Members whose e-mail IDs are registered with the Registrar & Transfer Agent (“RTA”) or respective Depository Participants (“DPs”). Members may note that the AGM Notice and Annual Report 2024-25 are also available on the Company’s website at https://kvforge.com/annual-report/, websites of the stock exchanges i.e. BSE Limited at www.bseindia.com, and on the website of RTA at https://instavote.linkintime.co.in/.
4) The Company has appointed the RTA-MUFG Intime India Pvt. Ltd. (Formerly known as Link Intime India Pvt. Ltd), to provide a Video Conferencing facility for the e-AGM.
5 days before the meeting to enable the Company to keep the information ready.
the Company is providing the facility of remote e-voting to its Members in respect of the business to be transacted at the AGM. For this purpose, the Company has entered into an agreement with the RTA MUFG Intime India Pvt. Ltd (Formerly known as Link Intime India Pvt. Ltd.) to facilitate voting through electronic means, as the authorized agency. The facility of casting votes by a Member using a remote e-voting system will be provided by NSDL, CDSL and RTA.

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Pursuant to the above-mentioned circulars, post exhausting the option to resolve their grievances with the RTA / Company directly and through the existing SCORES platform, the investors can initiate dispute resolution through the ODR Portal at https://smartodr.in/login.

to the approval of Members at this Annual General Meeting, will be paid within thirty days from the date of declaration to

Agent, MUFG Intime India Private Limited, Pune to claim the amount of Dividend.
it is due for payment, such unclaimed amount will be transferred to the Investor Education and Protection Fund and unpaid/unclaimed dividends before the due dates.

Participants or in case shares are held in physical form, with the Company by sending documents through email at

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The information given in the said Annexure may not be exhaustive and the Members should evaluate on their own about the category for which they should furnish the documents. In the absence of all the relevant documents, the Company shall determine the TDS rate based on information available with the RTA (for shares held in physical form) and the DPs (for shares held in dematerialized form).

Please note that the duly completed & signed documents should be sent on the email ID of the Company on invest@ and declarations will not be considered by the Company. No communication on the tax determination/deduction shall be considered after the abovementioned date & time.

physical form) & the DPs (for shares held in dematerialized form), along with the supporting documents.

A Resident individual shareholder with PAN and who is not liable to pay income tax can submit a yearly declaration

submit the above documents (PDF / JPG Format) by e-mail to [email protected].

do not have PAN, Contact details (Postal Address with PIN and Mobile Number), Bank A/c details, Specimen signature

updation automatically.

dividend and/or shares.
Act.
of the Act, will not be available for the AGM. Hence, the Proxy Form and Attendance Slip are not annexed to this Notice. However, Corporate Members/ Institutional Investors (i.e. other than individuals, HUFs, NRIs etc.) who intend Resolution to the Scrutinizer by e-mail at [email protected] with a copy marked to [email protected] and [email protected], not later than 48 hours before the scheduled time of the commencement of the Meeting. Corporate Members/ Institutional shareholders (i.e. other than individuals, HUFs, NRIs etc.) can also upload their Board Resolution/ Power of Attorney/Authority Letter etc. by clicking on the “Upload Board Resolution/Authority Letter” displayed under the “e-Voting” tab in their login. Necessary links will be provided to the Members along with the Notice
remote e-voting process as well as the e-voting process at the AGM in a fair and transparent manner.
the Act, and the register of contracts or arrangements in which the directors are interested, maintained under Section

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electronically for inspection by the Members on the date of AGM.

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numbers, PAN, power of attorney registration, Bank Mandate details, etc. to their Depository Participant (“DP”) in case the shares are held in electronic form and to the Registrar in case the shares are held in physical form, in prescribed may note that SEBI has mandated the submission of PAN by every participant in the securities market.
20) In compliance with MCA Circulars and SEBI Regulations, Notice of the AGM along with the Annual Report 2024-25 is being sent only through electronic mode to those Members whose e-mail addresses are registered with the Company, RTA or CDSL / NSDL (“Depositories”) and letter containing weblink showing exact path of Annual Report is being sent to those shareholders who have not registered their email addresses. Members may note that the Notice and Annual Report 2024-25 will also be available on the Company’s website www.kvforge.com , websites of the Stock Exchange i.e. BSE Limited at www.bseindia.com respectively and on the website of RTA at https://instavote.linkintime.co.in/. The during normal business hours on working days till the date of the meeting. Members are entitled to receive such

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time of AGM, details for e-voting, availability of notice of AGM at the Company’s website, manner of registering the email IDs of those shareholders who have not registered their email addresses, manner of providing mandate for
appointment / re-appointment is appended. Further, the Company has received relevant disclosure/consent from the Director seeking appointment / re-appointment.

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shall be issued only in dematerialised mode while processing duplicate/ unclaimed suspense/ renewal/ exchange/ available on the website of the Company www.kvforge.com and the website of RTA https://web.in.mpms.mufg.com/
initiative enables investors to store and access information of their demat and mutual fund holdings through Digi Locker,

Shareholders can also appoint Data Access Nominees within the Digi Locker application. In case of an unfortunate event of demise of shareholder, the nominees will be provided read-only access to the DigiLocker account, ensuring

For details, you may refer the above mentioned circular at https://www.sebi.gov.in/legal/circulars/mar-2025/harnessing-

and address of the bank with a pin code number, if not furnished earlier.
change in address or demise of any Member as soon as possible. Members are also advised not to leave their demat account(s) dormant for long. Periodic statements of holdings should be obtained from the concerned Depository

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processed in dematerialized form.

28) The Securities and Exchange Board of India (SEBI) has mandated the submission of the Permanent Account Number

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Registrar & Transfer Agents. In the case of residents of Sikkim, the Members holding shares in physical form are
29) The transcript of the AGM will be made available on website of the Company at www.kvforge.com to write to the Company at least seven days before the date of the Meeting through email on [email protected] to

Registration of email ID and Bank Account details:

In case the shareholder’s email ID is already registered with the Company/its Registrar & Share Transfer Agent “RTA”/ Depositories, log in details for e-voting are being sent to the registered email address.

In case the shareholder has not registered his/her/their email address with the Company/its RTA/Depositories and or has not updated the Bank Account mandate, the following instructions to be followed:

i. Kindly login to the website of our RTA, MUFG Intime India Private Limited www.in.mpms.mufg.com under Investor
ii. In the case of Shares held in Demat mode:
The shareholder may please contact the Depository Participant (“DP”) and register the email address and bank account details in the demat account as per the process followed and advised by the DP.
approach RTA at [email protected] or to Company at [email protected].

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scrutinizer’s report of the total votes cast in favour or against, if any, to the Chairman or a Director authorized by him in writing, who shall countersign the same. The Chairman or the authorized Director shall declare the result of the voting forthwith.
uploaded on the Company’s website www.kvforge.com as well as on the website of MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) after the same is declared by the Chairman / authorized person. The number of votes, the Resolutions proposed in the Notice shall be deemed to be passed on the date of the Meeting, i.e. Members of the Company will be entitled to vote at the AGM.

Annexure – TDS on Dividend

Instruments, if applicable, for non-resident Members). No withholding of tax is applicable if the dividend payable to
PAN and Aadhaar linking.
Taxation Avoidance Agreement (“DTAA”) with India as may be applicable, the documents prescribed for each category of Member (as per the eligibility) must be uploaded on the portal of RTA. The format of relevant documents is available on the Company’s website at https://kvforge.com/investor-relations/. If the documents are found in accordance with the

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provisions of the IT Act the same shall be considered while deducting the taxes.

4) If the dividend income is assessable to tax in the hands of a person other than the registered Member as on the Record

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p.m. IST). Details or information received after this date will not be considered.

To summarize, the dividend will be paid after deducting the tax at source as under:

For Resident Members:

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Particulars Applicable Rate Documents required (if any)
Valid PAN updated with the Depository Participant N.A.
in case shares are held in dematerialized form,
shares are held in physical form and no exemption
is sought by Member
An Individual having a dividend income of more Nil a) Copy of PAN card.
a) Copy of PAN card.
in the Lower
IT Act tax withholding
obtained from the Income Tax Department.
from the Income
Tax Department
No/Invalid PAN with the Depository Participant N.A.
in case shares are held in dematerialized form;
or RTA in case shares are held in physical form
and no exemption is sought by Member (including
cases where PAN is not linked with Aadhaar)
Nil
IRDAI;
b) Self-declaration that the insurance Company
c) Copy of PAN Card.
Nil a) Copy of relevant registration documents;
b) Self-declaration that the mutual fund is
of the IT Act; and
c) Copy of PAN Card.
Alternative Investment Fund (AIF) established in Nil a) Copy of registration documents;
India b) Self-declaration that its income is exempt
is established as Category I or Category II AIF
under the SEBI Regulations; and
c) Copy of PAN Card.
New Pension Trust Nil
the IT Act.
b) Copy of PAN card
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35 [th] Annual Report 2024-25
Recognized Provident Funds / Approved Nil a) Self-declaration that income is eligible for
Superannuation Funds / Approved Gratuity Fund
b) Copy of PAN card.
Other Individual shareholders Nil a) Self-attested copy of document evidence
supporting the exemption.
b) Copy of PAN card.
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For Non-Resident Members:

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Particulars Applicable Rate Documents required (if any)
a. Foreign Institutional a) Copy of PAN Card;
Investors (FIIs)/ applicable
Foreign Portfolio surcharge and
Investors (FPIs) cess) (subject
b. Other Non- to applicable tax
Resident Members treaty)
incometax.gov.in/ed.
e) Self-declaration for not having Permanent Establishment in India in
f) Any other document as prescribed under the IT Act for lower withholding
of taxes, if applicable; and
g) In case, Member is resident of Singapore, documentary evidence of
satisfaction of Article 24 of India-Singapore DTAA.
DTAA rate shall depend upon the completeness and satisfactory review by
the Company, of the documents submitted by the Members.
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5) THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER:-

The remote e-voting period begins on Tuesday, September 16, 2025 at 09:00 A.M. and ends on 2025, at 05:00 P.M. The remote e-voting module shall be disabled by RTA for voting thereafter. The Members, whose names

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Remote e-Voting Instructions for Shareholders:

securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants.

Shareholders are advised to update their mobile number and email Id correctly in their demat accounts to access remote e-Voting facility.

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Login method for Individual shareholders holding securities in demat mode: Individual Shareholders holding securities in demat mode with NSDL.

METHOD 1 - NSDL IDeAS facility

Shareholders registered for IDeAS facility:

c) Post successful authentication, you will be able to see e-Voting services under Value added services section. Click on “Access to e-Voting” under e-Voting services.
d) Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period.

Shareholders not registered for IDeAS facility:

a) To register, visit URL: https://eservices.nsdl.com and select “Register Online for IDeAS Portal” or click on https://eservices.nsdl.com/SecureWeb/ IdeasDirectReg.jsp

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d) Post successful registration, user will be provided with Login ID and password. Follow steps given above in points (a-d).

METHOD 2 - NSDL e-voting website

a) Visit URL: https://www.evoting.nsdl.com
on the screen.
d) Post successful authentication, you will be re-directed to NSDL depository website wherein you will be able to see e-Voting services under Value added services. Click on “Access to e-Voting” under e-Voting services.
e) Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period.

METHOD 3 - NSDL OTP based login

a) Visit URL: https://eservices.nsdl.com/SecureWeb/evoting/evotinglogin.jsp
c) Enter the OTP received on your registered email ID/ mobile number and click on login.
d) Post successful authentication, you will be re-directed to NSDL depository website wherein you will be able to see e-Voting services under Value added services. Click on “Access to e-Voting” under e-Voting services.
e) Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period.

Individual Shareholders registered with CDSL Easi/ Easiest facility

METHOD 1 - CDSL Easi/ Easiest facility:

Shareholders registered for Easi/ Easiest facility:

a) Visit URL: https://web.cdslindia.com/myeasitoken/Home/Login or www.cdslindia.com & click on New System Myeasi Tab.
b) Enter existing username, Password & click on “Login”.
c) Post successful authentication, user will be able to see e-voting option. The evoting option will have links of e-voting

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service providers i.e., MUFG InTime. Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period.

Shareholders not registered for Easi/ Easiest facility:

a) To register, visit URL: https://web.cdslindia.com/myeasitoken/Registration/EasiRegistration / https://web.cdslindia.com/ myeasitoken/Registration/EasiestRegistration
c) Post successful registration, user will be provided username and password. Follow steps given above in points (a-c).

METHOD 2 - CDSL e-voting page

a) Visit URL: https://www.cdslindia.com
b) Go to e-voting tab.
d) System will authenticate the user by sending OTP on registered Mobile and Email as recorded in Demat Account
e) Post successful authentication, user will be able to see e-voting option. The evoting option will have links of e-voting service providers i.e., MUFG InTime. Click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period.

Individual Shareholders holding securities in demat mode with Depository Participant

Individual shareholders can also login using the login credentials of your demat account through your depository participant registered with NSDL / CDSL for e-voting facility.

a) Login to DP website
b) After Successful login, user shall navigate through “e-voting” option.
c) Click on e-voting option, user will be redirected to NSDL / CDSL Depository website after successful authentication, wherein user can see e-voting feature.
d) Post successful authentication, click on “MUFG InTime” or “evoting link displayed alongside Company’s Name” and you will be redirected to InstaVote website for casting the vote during the remote e-voting period.

Login method for shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode.

Shareholders holding shares in physical mode / Non-Individual Shareholders holding securities in demat mode as on the

STEP 1: LOGIN / SIGNUP to InstaVote

Shareholders registered for INSTAVOTE facility:

a) Visit URL: https://instavote.linkintime.

HOLDER’ tab.

b) Enter details as under:
Password: Enter existing Password

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Click “Submit”.

(Home page of e-voting will open. Follow the process given under “Steps to cast vote for Resolutions”)

Shareholders not registered for INSTAVOTE facility:

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under:

PAN: Enter your Account Number (PAN) (Shareholders who have not updated their PAN with the Depository Participant

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Bank Account Number: Enter your Bank Account Number (last four digits), as recorded with your DP/Company.

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Set the password of your choice.
(The password should contain minimum 8 characters, at least one special Character (!#$&*), at least one numeral, at least one alphabet and at least one capital letter).

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(a-b).

STEP 2: Steps to cast vote for Resolutions through InstaVote

e-voting”.

NOTE: Shareholders may click on “Vote as per Proxy Advisor’s Recommendation” option and view proxy advisor recommendations for each resolution before casting vote. “Vote as per Proxy Advisor’s Recommendation” option provides Guidelines for Institutional shareholders (“Custodian / Corporate Body/ Mutual Fund”)

STEP 1 – Custodian / Corporate Body/ Mutual Fund Registration

A. Visit URL: https://instavote.linkintime.co.in
B. Click on “Sign Up” under “Custodian / Corporate Body/ Mutual Fund”
C. Fill up your entity details and submit the form.
the time of sign up). The said form is to be signed by the Authorised Signatory, Director, Company Secretary of the entity & stamped and sent to [email protected].
have now registered on InstaVote)

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STEP 2 – Investor Mapping

A. Visit URL: https://instavote.linkintime.co.in and login with InstaVote Login credentials.
B. Click on “Investor Mapping” tab under the Menu Section
C. Map the Investor with the following details:

NOTE:

Further, Custodians and Mutual Funds shall also upload specimen signatures.

D. Click on Submit button. (The investor is now mapped with the Custodian / Corporate Body/ Mutual Fund Entity). The same can be viewed under the “Report Section”.

STEP 3 – Steps to cast vote for Resolutions through InstaVote

The corporate shareholder can vote by two methods, during the remote e-voting period.

METHOD 1 - VOTES ENTRY

a) Visit URL: https://instavote.linkintime.co.in and login with InstaVote Login credentials.
b) Click on “Votes Entry” tab under the Menu section.
c) Enter the “Event No.” for which you want to cast vote.
Event No. can be viewed on the home page of InstaVote under “On-going Events”.

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METHOD 2 - VOTES UPLOAD

a) Visit URL: https://instavote.linkintime.co.in and login with InstaVote Login credentials.
c) Select “View” icon for “Company’s Name / Event number”.
d) E-voting page will appear.
“Upload Vote File” option.

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Helpdesk:

Shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode:

Shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode facing any

Individual Shareholders holding securities in demat mode:

Individual Shareholders holding securities in demat mode may contact the respective helpdesk for any technical issues related to login through Depository i.e., NSDL and CDSL.

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Login type Helpdesk details
Individual Shareholders holding Members facing any technical issue in login can contact NSDL helpdesk by sending
securities in demat mode with NSDL
Individual Shareholders holding Members facing any technical issue in login can contact CDSL helpdesk by sending
securities in demat mode with CDSL
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Forgot Password:

Shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode:

Shareholders holding securities in physical mode / Non-Individual Shareholders holding securities in demat mode have on: https://instavote.linkintime.co.in

Click “forgot password?”
Click on “SUBMIT”.

shareholder can use the “Forgot Password” option available on: https://instavote.linkintime.co.in

Click “forgot password?”
Click on “SUBMIT”.

In case shareholders have a valid email address, Password will be sent to his / her registered e-mail address. Shareholders can set the password of his/her choice by providing information about the particulars of the Security Question and Answer, PAN, DOB/DOI etc. The password should contain a minimum of 8 characters, at least one special character (!#$&*), at least one numeral, at least one alphabet and at least one capital letter.

Individual Shareholders holding securities in demat mode with NSDL/ CDSL has forgotten the password:

the Shareholders are advised to use Forget User ID and Forget Password option available at above mentioned depository/ depository participants website.

General Instructions - Shareholders

It is strongly recommended not to share your password with any other person and take utmost care to keep your
For shareholders/ members holding shares in physical form, the details can be used only for voting on the resolutions contained in this Notice.

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During the voting period, shareholders/ members can login any number of time till they have voted on the resolution(s) for a particular “Event”.

INSTAMEET VC INSTRUCTIONS:

means (OAVM).

Shareholders are advised to update their mobile number and email Id correctly in their demat accounts to access InstaMeet facility.

Login method for shareholders to attend the General Meeting through InstaMeet:

b) Visit URL: https://instameet.in.mpms.mufg.com & click on “Login”.
c) Select the “Company Name” and register with your following details:
d) Select Check Box - Demat Account No. / Folio No. / PAN
registered with the Company.
provided by MUFG Intime, if applicable.
Mobile No with the DP shall enter the mobile no.
Mobile No with the DP shall enter the mobile no.
e) Click “Go to Meeting”

Instructions for shareholders to Speak during the General Meeting through InstaMeet:

c) Shareholders will receive “speaking serial number” once they mark attendance for the meeting. Please remember speaking serial number and start your conversation with panelist by switching on video mode and audio of your device. chat-board during the meeting.

number for speaking.

Instructions for Shareholders to Vote during the General Meeting through InstaMeet:

Once the electronic voting is activated during the meeting, shareholders who have not exercised their vote through the remote e-voting can cast the vote as under:

a) On the Shareholders VC page, click on the link for e-Voting “Cast your vote” email Id) received during registration for InstaMEET
d) After successful login, you will see “Resolution Description” and against the same the option “Favour/ Against” for voting.
e) Cast your vote by selecting appropriate option i.e. “Favour/Against” as desired. Enter the number of shares (which

35[th] Annual Report 2024-25

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f) After selecting the appropriate option i.e. Favour/Against as desired and you have decided to vote, click on

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Note:

Shareholders/ Members, who will be present in the General Meeting through InstaMeet facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting facility during the meeting.

Shareholders/ Members who have voted through Remote e-Voting prior to the General Meeting will be eligible to attend/ participate in the General Meeting through InstaMeet. However, they will not be eligible to vote again during the meeting. Shareholders/ Members are encouraged to join the Meeting through Tablets/ Laptops connected through broadband for better experience.

Shareholders/ Members are required to use Internet with a good speed (preferably 2 MBPS download stream) to avoid any disturbance during the meeting.

Please note that Shareholders/ Members connecting from Mobile Devices or Tablets or through Laptops connecting via

Helpdesk:

in.mpms.mufg.com or contact on: - Tel: 022 – 4918 6000 / 4918 6175.

35[th] Annual Report 2024-25

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Additional information as required under Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard 2 in respect of the Director’s appointment/ re-appointment is provided below:

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Name of Director Mr. Arun Jindal
DIN
Date of Birth
Age
Date of First Appointment
BE. Mech.
Mr. Jindal has vast experience in the forgings industry.
He is also the Chairman and Managing Director of M/s Western India Forgings Pvt Ltd.
Disclosure of Relationship Not related to any of the Directors
between Directors inter-se
Experience (including expertise Business Operations, Strategy & Planning, Finance, Leadership, Human Resources,
Sales & Marketing, Risk Management
Number of Board Meetings
Attended during the year
Mr. Arun Krishankumar Jindal, He has more than 42 years of experience in forging
appointee as a Director/ industry. He has been a Chairman of All India Forging Association of India. Through his
Independent Director dedication and hard work for more than 42 years, he has truly built a solid foundation &
business and a legacy which will forever grow and prosper. Accordingly, he possesses
the necessary skills, experience and expertise for the role and is eligible for re-
appointment as per the criteria for appointment of Members mentioned in the “Policy
on Appointment of Members, Key Managerial Personnel, and Senior Management &
Other Employees”
List of other Indian Companies in Listed Companies:
which Directorship is held as on NIL
Unlisted Companies:
M/s Western India Forgings Pvt. Ltd.
Terms and Conditions of Re- As a Non-Executive Chairman, liable to retire by rotation.
Appointment
Remuneration (Sitting Fees)
Meetings.
Number of Shares held in the
st, 2025
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By Order of the Board KRISHANVEER FORGE LIMITED

Sd/-

Mahendra Samdole

Date: August 13, 2025 Place: Pune

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Website: www.kvforge.com E-mail ID: [email protected]

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EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT 2013:

The following Explanatory Statement sets out all material facts relating to the Ordinary Business and the Special Business of the accompanying Notice.

Item No. 4:

subject to prior approval of the shareholders by way of an ordinary resolution.

shareholders through an ordinary resolution.

Krishanveer Forge Limited (“KVFL”) is actively engaged in the manufacturing of Open Die Forgings and is dependent on customer approval and to meet operational needs. Such transactions are essential for uninterrupted supply and protection key resources like critical raw material, services involving niche skill, labour, support for the procurement of business through of the Company.

Due to the long-standing business relationship between KVFL and WIFPL, these arrangements have consistently led to supplies, the Company anticipates continued engagement in such transactions over the forthcoming years.

WIFPL and KVFL are under common control, and Mr. Arun Krishankumar Jindal, Chairman of KVFL, also serves as Managing

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A summary of information is as follows:

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Sr. Description Details
No
Name of Related Parties Western India Forgings Pvt. Ltd. (WIFPL) Western Heat and Forge Pvt. Ltd. (WHFPL)
2. Nature of Relationship Mr. Arun Jindal, the Chairman & Non- WHFPL is considered a related party to
Executive Director of KVFL, also serves KVFL because it is a Private Company
as the Managing Director of Holding where a Director and Members of WHFPL
Company i.e. WIFPL. are relatives of Mr. Arun Jindal, KVFL’s
Chairman and Non-Executive Director.
Name of the Director
or Key Managerial Executive Chairman of KVFL and Executive Chairman of KVFL who is relative
Personnel, who is related, Chairman & Managing Director of WIFPL. of Members and Directors of WHFPL.
if any.
4. Type of the proposed a) Sale and Purchase of Goods and a) Sale and purchase of Raw Material & Job
transaction Services (This includes Raw Material, Job Work.
Work, Forgings, Consumables, Scrap etc.) b) Other transactions including
reimbursement of expenses for usage
b) Leasing of Property
of mutual resources such as employees,
c) Payment of Commission for availing
infrastructure, management services,
marketing services
owned/third party services and
reimbursement of statutory/government
payments, etc.
d) Other transactions including
reimbursement of expenses for usage
of mutual resources such as employees,
infrastructure, management services,
owned/third party services and
reimbursement of statutory / government
payments, etc.
5. Material terms & Transactions will be executed within the Transactions will be executed within the
particulars of the proposed normal course of business, adhering strictly normal course of business operations,
transaction and value to arm’s length principles and industry adhering strictly to arm’s length principles
best practices. A single transaction cannot and industry best practices. A single
a collective annual ceiling of Rs. 29.50
Crores that covers all transactions Rs. 50 Lakhs that covers all transactions
transactions is provided in the below table. is provided in the table below.
Tenure of the transaction The related party transactions with WIFPL The related party transactions with WHFPL
2028. 2028.
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Percentage of the
Company’s annual
consolidated turnover,
for the immediately
that is represented by
the value of the proposed
transaction
8. Percentage of the
counter-party’s annual (As per Unaudited consolidated turnover (As per Unaudited consolidated turnover
consolidated turnover
that is represented by
the value of the proposed
RPT
9. The proposed related party transactions The proposed related party transactions
the proposed transaction. with WIFPL are crucial for KVFL continued between KVFL and WHFPL are essential
transactions, which involve the sale,
purchase, or supply of goods, materials, comprising the sale, purchase, and supply
and services, are conducted in the normal
course of business and on an arm’s length conducted in the ordinary course of business
basis. and strictly on an arm’s length basis.
Strategic Importance and Operational As a key player in the open die forging
segment, KVFL depends on the timely
KVFL, a key player in Open Die Forgings,
relies heavily on the timely procurement of customer expectations and maintain delivery
schedules. WHFPL, a related entity with
seamless customer deliveries. WIFPL, as fully integrated open and closed die forging
facilities and an annual capacity of 25,000
our Holding Company operating within the
same industry, provides a wide range of tons, plays a pivotal role in supporting
forging products and critical support. Our KVFL’s production needs.
long-standing business relationship with The longstanding business relationship
WIFPL has consistently driven improved between the two Companies has consistently
resulted in improved productivity, enhanced
and boosted customer satisfaction.
satisfaction. These arrangements are
strategically important for ensuring supply
contributor to KVFL’s growth. This chain continuity, protecting proprietary
includes: processes and intellectual property,
Critical Raw Material: Ensuring a
consistent supply of essential raw
volatile market environment.
materials.
Overall, the transactions with WHFPL
Niche Skill Services: Access to
reinforce KVFL’s competitive advantage
specialized expertise and job work.
while remaining fully compliant with
Business Procurement: Support applicable regulatory frameworks.
through WIFPL’s marketing team.
Infrastructure:
These arrangements are vital for
maintaining an uninterrupted supply
chain, protecting intellectual property,
timely deliveries, especially given current
market volatility and the need for just-in-
time supplies.
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Any advance paid or Depending on the nature of the transaction, Depending on the nature of the transaction,
received for the contract an advance payment - either partial or an advance payment - either partial or
or arrangement, if any full, may be paid or received as part of full, may be paid or received as part of
the transaction, provided it occurs in the the transaction, provided it occurs in the
ordinary course of business. ordinary course of business.
Additional disclosures to Not Applicable Not Applicable
be made in case loans,
inter-corporate deposits,
advances or investments
made or given
Valuation or other external Not Applicable Not Applicable
report, if any, relied upon
by the listed entity in
relation to the proposed
transaction
Any other information that Procurement terms, including pricing, Procurement terms, including pricing,
may be relevant are established through industry peer are established through industry peer
comparison. We also evaluate factors comparison. We also evaluate factors such
arm’s length basis. length basis.
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Forgings Pvt. Ltd. (“WIFPL”) and Western Heat and Forge Pvt. Ltd. (“WHFPL”) is expected to increase accordingly. In view of the anticipated scale of these related party transactions, the Company proposes to obtain prior approval of the shareholders for transactions entered into and to be entered into with WIFPL and WHFPL, within the prescribed monetary limits outlined

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For Financial Year 2025-26:

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Name of the Related Party Nature of Transaction Approval granted for a transaction, the value
of which (individual/in aggregate) during the
period shall not exceed (Rs. in Lakhs)
M/s Western India Forgings Sale of Raw Material & Forgings 500.00
Pvt. Ltd
Sale of Services (Job work)
Sale of Scrap & Consumables 80.00
Purchase of Raw Material & Forgings 950.00
Purchase of Services (Job work)
Selling agent Commission 94.00
Others 20.00
M/s Western Heat and Sale of Raw Material & Forgings
Forge Pvt. Ltd. Sale of Services (Job work)
Purchase of Raw Material & Forgings 5.00
Purchase of Services (Job work) 5.00
Total
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*Others includes include reimbursement of expenses for usage of resources such as employees, infrastructure, management services, owned/third party services and reimbursement of expenses etc.

The above limits are exclusive all applicable taxes and cess and shall be interchangeable within approved overall limit.

arm’s length pricing, and are aligned with the Company’s strategic and operational interests.

Further, all related party transactions of the Company are undertaken after obtaining prior approval of the Audit Committee. The Audit Committee of the Company currently comprises majority of independent directors. All related party transactions as set out in this Notice have been unanimously approved by the Audit Committee after satisfying itself that the related party

irrespective of whether such party is directly involved in the transaction being considered.

otherwise, concerned or interested in the proposed resolution.

Accordingly, the Board recommends the Ordinary Resolution as set out in Item No. 4 of the Notice for approval of the members.

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Item No.5

Proposal:

report, issued by a Practising Company Secretary.

shall be a peer reviewed company secretary and shall annex a secretarial audit report with the annual report of the listed entity. Under the Listing Regulations, every listed entity shall on the basis of recommendation of the Board of Directors appoint / re-

Securities and Exchange Board of India (“SEBI”).

Members of the Company at this Annual General Meeting.

CS Satish Shidgonda Patil and CS Satish Chandrashekhar Kadrolli, Partners of M/s Satish & Satish are a Fellow members Secretarial Audit, Compliance Advisory in Fund Raising through IPO and Private rounds, Social Stock Exchange Listing and Due Diligence & Assurance.

Eligibility:

the Act, Listing Regulations and Circular(s) issued by SEBI in this regard and have given their consent for their appointment a partner at M/s Satish & Satish, Practising Company Secretaries.

Term of Appointment:

M/s. Satish & Satish, Practising Company Secretaries, Pune are proposed to be appointed as Secretarial Auditor of the

Recommendation:

The Audit Committee and the Board of Directors have recommended the appointment of M/s. Satish & Satish, Practising Company Secretaries, Pune as Secretarial Auditor of the Company to the Members of the Company for their approval. The

None of the Directors / Key Managerial Personnel of the Company / their relatives are, in any way, concerned or interested, in the Company.

proposed appointment, if made, will be in compliance with the provisions of the Act and the Listing Regulations. Accordingly, approval of the shareholders is sought for the appointment of M/s Satish & Satish as the Secretarial Auditors of the Company.

The services to be rendered by M/s Satish & Satish as Secretarial Auditors is within the purview of the Listing Regulations,

The Board recommends the Ordinary Resolution set out at Item No. 5 of the Notice for approval of the Members.

AI assistant

KRISHANVEER FORGE LIMITED — AGM Information 2025

59071_rns_2025-08-26_be6f88eb-d3cc-412d-9b34-20be18f7a712.pdf