Amit's aunt, Sugandha Hiremath, and her family, who together control about 35% of Hikal, also voted in his favour
Remote e-voting for Amit's reappointment will close on Monday, with the results expected on Tuesday after the AGM concludes
India aims for Rs 3 lakh crore in defence production and Rs 50,000 crore in exports by 2029, setting the nation up as a reliable global defence partner, and Bharat Forge is leveraging on strategic partnerships and indigenous capabilities to increase its share in this business.
FY26 is likely to be a challenging period, given where we are in the overall cycle and our geographical exposure, Bharat Forge's BN Kalayani said after the results.
CII president Sanjiv Puri said Indian companies should strongly reassess their partnerships with firms from nations that supported Pakistan during recent conflict
The electronics division of Kalyani Powertrain announced the plans on February 24, calling it a major milestone for India's server infrastructure, and plans to integrate AMD's technology with domestically manufactured solutions.
The two wills reportedly detail different plans for distributing Sulochana's estate, which includes properties and shares in the Kalyani Group. The case is set to be heard next month.
Baba Kalyani, in an affidavit filed in the Pune civil court, said his nephew Sameer Jai Hiremath and niece Pallavi Swadi have no right to seek partition of the Kalyani Hindu undivided family’s (HUL) assets.
Anticipating significant expansion in the defence sector, Baba Kalyani mentioned that in the upcoming years, the defence business could potentially surpass the company's core business in terms of size.
Speaking of the defence vertical, CMD Kalyani also said that 80 percent of the business is exports and that the company is seeing huge demand from different countries for their defence products.