Baba Kalyani

Apple is in discussions with Bharat Forge, a Pune-based manufacturer, to include it in its supply chain, marking a strategic push to boost local production and reduce reliance on China

KICL, on the other hand, maintained its stance that Vaghul's letter was allegedly withheld by the Hiremaths with the intention of creating a false market in the securities of KICL and Hikal

Kalyani Investments says Hiremaths deliberately suppressed N Vaghul's 2023 letter addressed to them

Gaurishankar Kalyani, the low-profile contender, clashes with elder brother Baba Kalyani over family assets

When there are two wills produced before the court, which one will be executed? Experts weigh in

No power of attorney was executed by late S N Kalyani in favour of her son Kalyani Group Chairman, Baba Kalyani, and he has nothing to do with any of the litigations that his mother had initiated during her lifetime, the group said on Monday. Refuting reports that alleged that Baba Kalyani coerced his mother and exercised undue influence, a group spokesperson said the claims made in an affidavit of late S N Kalyani as produced by Gaurishankar Kalyani, Baba Kalyani's brother "are fabricated, incorrect and denied". "Baba Kalyani will appropriately represent his case before the Pune District Court," the spokesperson said in a statement. Late S N Kalyani and Gaurishankar Kalyani (and his family) have been staying at their residence Parvti Nivas, when she made her will in 2012. Hence, all allegations insinuating that Baba Kalyani coerced her and exercised undue influence are incorrect and denied, it added. The spokesperson alleged vested interests of spreading information with "several

Baba Kalyani and his brother Gaurishankar are embroiled in a legal dispute over their late mother Sulochana's will, intensifying the ongoing battle over the assets with their sister's children

In the hearing today, the Hiremath counsel told the court that Baba's claims against the elders in the family were very disturbing and harmed the reputation of the family

In his affidavit submitted in court, Baba Kalyani said that his sister's children were members of the Hiremath family by birth and are not affiliated with the Kalyani joint family

Say stock prices will react positively as key overhang removed

Shareholders of pharmaceuticals and crop protection firm Hikal Ltd have rejected a special resolution seeking continuation of Baba N Kalyani as a director of the firm after he attains 75 years of age on January 7, 2024, according to a regulatory filing by the company. The development comes at a time when Kalyani, the Chairman and Managing Director of Bharat Forge, is locked in a legal battle with his sister Sugandha Hiremath for the ownership of Hikal. The company had sought approval through a postal ballot from the shareholders to approve a special resolution for the continuation of directorship of Kalyani beyond the age of 75 years. However, as per the regulatory filing by Hikal, only 51.99 per cent of votes were polled in favour of the resolution and 48 per cent were against it. Being a special resolution, it needed 75 per cent of total votes in favour as per regulations. Hikal is in the midst of a battle between two promoter groups - the Hiremaths who own 34.84 per cent stak

Baba Kalyani, Chairman and MD of Bharat Forge Limited and founding president of the Society of Indian Defence Manufacturers has hailed Prime Minister Narendra Modi and US President Joe Biden for emphasising on co-production of critical systems and platforms "identifying avenues for joint research and development in advanced technologies."Kalyani termed the PM Modi's US visit, a reflection of "strengthening engagement between two great and large democracies."He said, "Historic state visit being accorded to PM Modi by US President Joe Biden is reflective of strengthening engagement between two great and large democracies, to scale up the Indian market and its requirements, combined with our overlapping strategic interest, create both an opportunity and imperative for businesses on either side...to expand bilateral trade & commerce, to strengthen engagement including strategic sectors such as defence, space, 5G, semi-conductor amongst others and collaborate to co-develop critical ..

Proxy advisory firms had recommended that investors vote against the special resolution to appoint B N (Baba) Kalyani as the managing director of Bharat Forge, citing his excessive remuneration

Calls for change in management, board to protect minority shareholders' interest

BF Investment, Kalyani Investment contest their inclusion as parties in a suit filed by Hiremath family

Baba Kalyani's sister Sugandha, husband move court against the Bharat Forge promoter for full ownership of chemical company Hikal; Kalyani points to intervening agreements and statute of limitations

Hikal said it did not expect any financial implications arising due to compensation, penalty, etc, due to the suit

Baba Kalyani, promoter of Kalyani Group, has settled a case of alleged violation of SAST (Substantial Acquisition of Shares and Takeovers) norms in the matter of Bharat Forge Ltd (BFL) with markets regulator Sebi on a payment of Rs 3 lakh. Bharat Forge Ltd is a subsidiary of Kalyani Group. The settlement came after Babasaheb Neelkanth Kalyani proposed to settle the pending proceedings through a settlement order "without admitting or denying the findings". "The proceedings that may have been initiated for the alleged violations ... are settled qua the applicants," Sebi said in its settlement order passed on Thursday. The regulator further said that it will not initiate enforcement action against the applicants for the said violations. As per the order, Kalyani is a promoter of BFL and has submitted that Kalyani Export and Investment, Aboli Investment and Wathar Investment and Trading Company had qualified as part of the promoter group of BFL under ICDR (Issue of Capital and Disclos

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The company had posted a consolidated net profit of Rs 212.12 crore in the same period of the preceding fiscal, Bharat Forge