Bharat Gears Appoints Three New Independent Directors, Strengthening Board Expertise
Bharat Gears Limited appointed three new Non-Executive Independent Directors at its Annual General Meeting on July 30, 2025. The new appointees are Mr. Satya Prakash Mangal, a Chartered Accountant with expertise in finance and governance; Mr. Bharat Dev Singh Kanwar, an automotive industry veteran; and Mr. Nagar Venkatraman Srinivasan, a mechanical engineering expert with long-standing association with the company. Two long-serving directors, Mr. Virendra Kumar Pargal and Mr. Rakesh Chopra, completed their terms. The new directors are appointed for a five-year term, aiming to enhance the company's governance and bring diverse expertise to its leadership.
29Jul 25
Bharat Gears Reverses Course: Late Dr. Raunaq Singh Retained in Promoter Group Category
Bharat Gears Limited has reversed its decision to remove Late Dr. Raunaq Singh from the Promoter Category, following guidance from the National Stock Exchange (NSE). The company will now include Dr. Singh under the 'Promoter Group Category'. The 907 equity shares held in Dr. Singh's name will remain in this category until transmitted to the ultimate beneficial owner. Bharat Gears is seeking clarification from NSE regarding the treatment of these shares if transferred to the Investor Education and Protection Fund (IEPF) Authority in 2026.
29Jul 25
Bharat Gears Reports Q1 Loss Despite Revenue Growth
Bharat Gears Limited, an automotive gears manufacturer, released Q1 financial results showing mixed performance. Revenue increased by 8.31% to ₹179.80 crore, up from ₹166.01 crore in the previous year. However, the company reported a net loss of ₹1.81 crore, compared to a profit of ₹1.71 crore in Q1 last year. Total expenses rose to ₹168.72 crore, primarily due to increased material costs. The company's EBITDA for the quarter was ₹13.30 crore. The Board of Directors approved these unaudited financial results on July 29.