General information about company | ||
| Scrip code | 544057 | |
| NSE Symbol | HAPPYFORGE | |
| MSEI Symbol | NOTLISTED | |
| ISIN | INE330T01021 | |
| Name of the entity | HAPPY FORGINGS LIMITED | |
| Date of start of financial year | 01-04-2025 | |
| Date of end of financial year | 31-03-2026 | |
| Reporting Quarter Type | Quarterly | |
| Date of Quarter Ending | 30-06-2025 | |
| Type of company | Equity | |
| Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? | Yes | |
| Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? | Yes | |
| Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? | No | No acquistion was made during the quarter ended 30th June 2025 |
| Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? | No | There was no fine or penalty imposed during the quarter ended 30th June 2025. |
| Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? | No | The company has ongoing tax litigations prior to the listing of the company which are being reported in the Independent Auditors report which is part of the Annual Report for each Financial Year. But all these cases are not material as per Regulation 30(4)(i)(c) read with sub- para 8 of Para B of Part A of schedule III of SEBI (LODR) 2015 . So, this annexure is not applicable for the quarter ended 30th June 2025. |
| Risk management committee | Applicable | |
| Market Capitalisation as per immediate previous Financial Year | Top 1000 listed entities | |
| Is SCORE ID Available ? | Yes | |
| SCORE Registration ID | COMH00420 | |
| Reason For No SCORE ID | ||
| Type of Submission | Original | |
| Remarks (website dissemination) | ||
| Remarks for Exchange (not for Website Dissemination) | ||
Annexure I | |||||||||||||||||||||||||
Annexure I to be submitted by listed entity on quarterly basis | |||||||||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
| Disclosure of notes on composition of board of directors explanatory | Textual Information(1) | ||||||||||||||||||||||||
| Whether the listed entity has a Regular Chairperson | Yes | ||||||||||||||||||||||||
| Whether Chairperson is related to MD or CEO | Yes | ||||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | |||||||||||||||||
| 1 | Mr | Paritosh Kumar | ABKPG4486F | 00393387 | Executive Director | Chairperson | MD | 06-08-1955 | |||||||||||||||||
| 2 | Mr | Ashish Garg | AGTPG3772A | 01829082 | Executive Director | Not Applicable | MD | 08-04-1985 | |||||||||||||||||
| 3 | Mrs | Megha Garg | ALMPK2107P | 07352042 | Executive Director | Not Applicable | 20-07-1985 | ||||||||||||||||||
| 4 | Mr | Ravindra Pisharody | ABMPP4029P | 01875848 | Non-Executive - Independent Director | Not Applicable | 24-11-1955 | ||||||||||||||||||
| 5 | Mrs | Rajeswari Karthigeyan | AJVPR2199F | 10051618 | Non-Executive - Independent Director | Not Applicable | 24-11-1970 | ||||||||||||||||||
| 6 | Mr | Atul B. Lall | AADPL2033P | 00781436 | Non-Executive - Independent Director | Not Applicable | 05-01-1962 | ||||||||||||||||||
| 7 | Mr | Satish Sekhri | AERPS8750C | 00211478 | Non-Executive - Independent Director | Not Applicable | 28-03-1950 | ||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
Disqualification of Directors under section 164 of the Companies Act, 2013 | |||||||||||||||||||||||||
| Sr | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | ||||||||||||||||||||
| 1 | No | Active | |||||||||||||||||||||||
| 2 | No | Active | |||||||||||||||||||||||
| 3 | No | Active | |||||||||||||||||||||||
| 4 | No | Active | |||||||||||||||||||||||
| 5 | No | Active | |||||||||||||||||||||||
| 6 | No | Active | |||||||||||||||||||||||
| 7 | No | Active | |||||||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||||
| Sr | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & reg. 17A(2)] | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Reason for Cessation | Notes for not providing PAN | Notes for not providing DIN | ||||||||||||||
| 1 | NA | 11-02-2016 | 11-04-2023 | 1 | 0 | 0 | 0 | ||||||||||||||||||||
| 2 | NA | 02-12-2015 | 11-04-2023 | 1 | 0 | 2 | 0 | ||||||||||||||||||||
| 3 | NA | 07-12-2015 | 29-09-2021 | 1 | 0 | 1 | 0 | ||||||||||||||||||||
| 4 | No | 16-06-2022 | 16-06-2022 | 60 | 3 | 3 | 4 | 2 | |||||||||||||||||||
| 5 | No | 30-05-2023 | 30-05-2023 | 60 | 2 | 2 | 4 | 1 | |||||||||||||||||||
| 6 | No | 31-07-2023 | 31-07-2023 | 60 | 3 | 1 | 2 | 0 | |||||||||||||||||||
| 7 | Yes | 29-07-2024 | 04-05-2020 | 04-05-2020 | 03-05-2025 | 60 | 1 | 1 | 2 | 0 | Tenure Completion | ||||||||||||||||
Text Block | |
| Textual Information(1) | Tenure of Mr Satish Sekhri as Independent director ended on 3rd June 2025 and hence , cessation of all committee membership also. |
Audit Committee Details | |||||||
| Whether the Audit Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 10051618 | Rajeswari Karthigeyan | Non-Executive - Independent Director | Chairperson | 30-05-2023 | ||
| 2 | 01875848 | Ravindra Pisharody | Non-Executive - Independent Director | Member | 16-06-2022 | ||
| 3 | 00781436 | Atul B. Lall | Non-Executive - Independent Director | Member | 10-05-2025 | ||
| 4 | 01829082 | Ashish Garg | Executive Director | Member | 27-03-2015 | ||
| 5 | 00211478 | Satish Sekhri | Non-Executive - Independent Director | Member | 04-11-2020 | 03-05-2025 | Textual Information(1) |
Sr Text Block | |
| Textual Information(1) | Completion of tenure |
Nomination and remuneration committee | |||||||
| Whether the Nomination and remuneration committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 01875848 | Ravindra Pisharody | Non-Executive - Independent Director | Chairperson | 10-05-2025 | Textual Information(1) | |
| 2 | 10051618 | Rajeswari Karthigeyan | Non-Executive - Independent Director | Member | 30-05-2023 | ||
| 3 | 00781436 | Atul B. Lall | Non-Executive - Independent Director | Member | 10-05-2025 | ||
| 4 | 00211478 | Satish Sekhri | Non-Executive - Independent Director | Chairperson | 04-11-2020 | 03-05-2025 | |
Sr Text Block | |
| Textual Information(1) | The date of appointment of Mr. Ravindra Pisharody as a member in the committee is 16-06-2022 but he was appointed as the Chairperson on 10-05-2025 |
Stakeholders Relationship Committee | |||||||
| Whether the Stakeholders Relationship Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 01875848 | Ravindra Pisharody | Non-Executive - Independent Director | Chairperson | 31-01-2025 | ||
| 2 | 07352042 | Megha Garg | Executive Director | Member | 25-05-2024 | ||
| 3 | 01829082 | Ashish Garg | Executive Director | Member | 31-07-2023 | ||
Risk Management Committee | |||||||
| Whether the Risk Management Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 01829082 | Ashish Garg | Executive Director | Chairperson | 31-07-2023 | ||
| 2 | 10051618 | Rajeswari Karthigeyan | Non-Executive - Independent Director | Member | 31-07-2023 | ||
| 3 | 07352042 | Megha Garg | Executive Director | Member | 25-05-2024 | ||
Corporate Social Responsibility Committee | |||||||
| Whether the Corporate Social Responsibility Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00393387 | Paritosh Kumar | Executive Director | Chairperson | 27-03-2015 | ||
| 2 | 01829082 | Ashish Garg | Executive Director | Member | 27-03-2015 | ||
| 3 | 01875848 | Ravindra Pisharody | Non-Executive - Independent Director | Member | 16-06-2022 | ||
| 4 | 10051618 | Rajeswari Karthigeyan | Non-Executive - Independent Director | Member | 10-05-2025 | ||
| 5 | 00211478 | Satish Sekhri | Non-Executive - Independent Director | Member | 04-11-2020 | 03-05-2025 | |
Other Committee | ||||||
| Sr | DIN Number | Name of Committee members | Name of other committee | Category 1 of directors | Category 2 of directors | Remarks |
Annexure 1 | ||||||||
Annexure 1 | ||||||||
III. Meeting of Board of Directors | ||||||||
| Disclosure of notes on meeting of board of directors explanatory | ||||||||
| Sr. No. | Date(s) of meeting (if any) in the previous quarter | Date(s) of meeting (if any) in the current quarter | Maximum gap between any two consecutive (in number of days) | Notes for not providing Date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors as on date of the meeting | Number of Directors present* (All directors including Independent Director) | No. of Independent Directors attending the meeting* |
| 1 | 06-01-2025 | Yes | 8 | 8 | 5 | |||
| 2 | 07-02-2025 | 31 | Yes | 7 | 7 | 4 | ||
| 3 | 17-05-2025 | 98 | Yes | 6 | 6 | 3 | ||
Annexure 1 | ||||||||||
IV. Meeting of Committees | ||||||||||
| Disclosure of notes on meeting of committees explanatory | ||||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reason for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 07-02-2025 | Yes | 4 | 4 | 3 | 0 | |||
| 2 | Audit Committee | 17-05-2025 | 98 | Yes | 4 | 4 | 3 | 0 | ||
| 3 | Nomination and remuneration committee | 07-02-2025 | Yes | 3 | 3 | 3 | 0 | |||
| 4 | Nomination and remuneration committee | 17-05-2025 | 98 | Yes | 3 | 3 | 3 | 0 | ||
| 5 | Corporate Social Responsibility Committee | 07-02-2025 | Yes | 4 | 4 | 2 | 0 | |||
| 6 | Corporate Social Responsibility Committee | 17-05-2025 | 98 | Yes | 4 | 4 | 2 | 0 | ||
Annexure 1 | ||||||||||
IV. Meeting of Committees | ||||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reason for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 7 | Risk Management Committee | 01-02-2025 | Yes | 3 | 3 | 1 | 1 | |||
Annexure 1 | |||
V. Affirmations | |||
| Sr | Subject | Compliance status (Yes/No) | |
| 1 | The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes | |
| 2 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee | Yes | |
| 3 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee | Yes | |
| 4 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee | Yes | |
| 5 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) | Yes | |
| 6 | The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes | |
| 7 | The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes | |
| 8 | This report and/or the report submitted in the previous quarter has been placed before Board of Directors. | Yes | |
| 9 | Any comments/observations/advice of Board of Directors may be mentioned here: | Textual Information(1) | |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | BINDU GARG |
| 2 | Designation | Company Secretary and Compliance Officer |
Text Block | |
| Textual Information(1) | No Comments |
Details of Cyber security incidence | ||
| Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter | No | |
| Number of cyber security incidence or breaches or loss of data event occurred during the quarter | ||
| Sr. | Date of the event | Brief details of the event |
Signatory Details | |
| Name of signatory | BINDU GARG |
| Designation of person | Company Secretary and Compliance Officer |
| Place | LUDHIANA |
| Date | 18-07-2025 |
Investor Grievance Details | |
| No. of investor complaints pending at the beginning of Quarter | 0 |
| No. of investor complaints received during the Quarter | 0 |
| No. of investor complaints disposed off during the Quarter | 0 |
| No. of investor complaints those remaining unresolved at the end of the Quarter | 0 |