Corporate Overview
Our Capitals
Statutory Reports
- Management Discussion and Analysis
- Board’s Report
- Report on Corporate Governance
- Business Responsibility Report
This is our second year of presenting the Report following the principles of Integrated Reporting < IR > as stated by International Integrated Reporting Council (IIRC). Such reporting has emerged as a global benchmark for best practice in corporate reporting for its transparency and disclosures beyond statutory norms. In this Report, we provide a holistic insight on our value creation process using six capitals – Financial, Manufactured, Human, Intellectual, Social & Relationship and Natural Capitals. We also cover information on material matters, governance, performance and prospects in context of external environment. This will help stakeholders evaluate our performance and take an informed decision regarding their engagement with us.
We have prepared this Report in accordance with the Companies Act, 2013 (and the Rules made thereunder), Indian Accounting Standards, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Secretarial Standards. We have also followed the principles of < IR > as stated by International Integrated Reporting Council (IIRC).
The Report covers financial and non-financial information and activities of Bharat Forge Limited, India for the period of April 1, 2020 to March 31, 2021.
Certain statements in this Report regarding our business operations may constitute forward-looking statements. These include all statements other than statements of historical fact, including those regarding the financial position, business strategy, management plans and objectives for future operations. Forward-looking statements can be identified by words such as 'believes', 'estimates', 'anticipates', 'expects', 'intends', 'may', 'will', 'plans', 'outlook' and other words of similar meaning in connection with a discussion of future operating or financial performance.
Forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and that may be incapable of being realized and as such, are not intended to be a guarantee of future results, but constitute our current expectations based on reasonable assumptions. Actual results could differ materially from those projected in any forward-looking statements due to various events, risks, uncertainties and other factors. We neither assume any obligation nor intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
It represents the capital employed in the business to support our operations and business strategy for generating surplus for the investors and shareholders.
It represents the state-of-the-art manufacturing facilities and equipment in which we have invested financial capital to enable manufacturing of diverse range of products for customers.
It represents our Research and Development (R&D) capabilties, technical excellence and digital readiness that provides us competitive edge in the industry.
It represents the competencies, experience and motivation of our people that enable us to innovate, run business smoothly, serve customers and achieve business strategy.
It represents the quality of relationship with our customers, business partners and the communities which enhances our reputation, and facilitates in business growth and giving back to the society.
It represents the renewable and bring together please environmental resources that we use in our operations as well as the impact of our operations on the environment.
