{"id":7218,"date":"2023-12-31T01:41:04","date_gmt":"2023-12-31T01:41:04","guid":{"rendered":"https:\/\/financeintellect.com\/home-page\/home\/?p=7218"},"modified":"2023-12-31T11:05:58","modified_gmt":"2023-12-31T11:05:58","slug":"hikal-shareholders-reject-baba-kalyani-as-director","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/","title":{"rendered":"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Shareholders of Hikal<\/a> Ltd (NSE: HIKAL) have rejected a special resolution seeking continuation of Baba Kalyani<\/a>, an Indian billionaire businessman and member of PM Narendra Modi’s Science, Technology and Innovation Advisory Council<\/a>. The vote was to decide if he could continue as a director of the firm according to a regulatory filing by the company on stock exchanges.<\/p>\n\n\n\n

As per the voting results shared on BSE by the company, 49.4 per cent of promoters votes were polled in favour of the resolution and 50.59 per cent against.<\/p>\n\n\n\n

With this development, the ownership dispute between Bharat Forge chairman & MD Baba Kalyani and his sister\u00a0Sugandha Hiremath\u00a0has reached a turning point at Hikal.<\/p>\n\n\n\n

As per market experts, the current legal suit between the Hiremath family and the Baba Kalyani is at a shareholder level and it is not expected to cause any impact to the company and its performance.<\/p>\n\n\n\n

In 2012, Germany’s Ambassador to India Michael Steiner conferred the prestigious ‘Bundesverdienstkreuz<\/a>, Germany’s Cross of the Order of Merit’, to Mr. Baba Kalyani.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shareholders of Hikal Ltd (NSE: HIKAL) have rejected a special resolution seeking continuation of Baba Kalyani, an Indian billionaire businessman and member of PM Narendra Modi’s Science, Technology and Innovation Advisory Council. The vote was to decide if he could continue as a director of the firm according to a regulatory filing by the company […]<\/p>\n","protected":false},"author":3,"featured_media":7219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,8,5,31],"tags":[4439,156,37,1019,4440,213,36,192,4441],"class_list":["post-7218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","category-india-inc","category-markets","category-news","tag-baba-kalyani","tag-bjp","tag-bse","tag-germany","tag-hikal","tag-narendra-modi","tag-nse","tag-prime-minister","tag-sugandha-hiremath"],"aioseo_notices":[],"yoast_head":"\nShareholders of Hikal reject a special resolution for Baba Kalyani as Director - Finance Intellect<\/title>\n<meta name=\"description\" content=\"Hikal Shareholders reject Baba Kalyani as Director. As per the voting results 49.4% of promoters votes were polled in favour of the resolution and 50.59% against.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"Hikal Shareholders reject Baba Kalyani as Director. As per the voting results 49.4% of promoters votes were polled in favour of the resolution and 50.59% against.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-31T01:41:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-31T11:05:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM-720x399.png\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"FI Online\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Fin_Intellect\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FI Online\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/\"},\"author\":{\"name\":\"FI Online\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"headline\":\"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director\",\"datePublished\":\"2023-12-31T01:41:04+00:00\",\"dateModified\":\"2023-12-31T11:05:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/\"},\"wordCount\":181,\"commentCount\":1,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png\",\"keywords\":[\"Baba Kalyani\",\"BJP\",\"BSE\",\"Germany\",\"Hikal\",\"Narendra Modi\",\"NSE\",\"Prime Minister\",\"Sugandha Hiremath\"],\"articleSection\":[\"Economy and Politics\",\"India Inc\",\"Markets\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/\",\"name\":\"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director - Finance Intellect\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png\",\"datePublished\":\"2023-12-31T01:41:04+00:00\",\"dateModified\":\"2023-12-31T11:05:58+00:00\",\"author\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"description\":\"Hikal Shareholders reject Baba Kalyani as Director. As per the voting results 49.4% of promoters votes were polled in favour of the resolution and 50.59% against.\",\"breadcrumb\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#primaryimage\",\"url\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png\",\"contentUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png\",\"width\":1802,\"height\":1010,\"caption\":\"Prime Minister Shri Narendra Modi with Baba N. Kalyani, Chairman and Managing Director, Bharat Forge Limited\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financeintellect.com\/home-page\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/\",\"name\":\"Finance Intellect\",\"description\":\"Get business and finance insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\",\"name\":\"FI Online\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g\",\"caption\":\"FI Online\"},\"sameAs\":[\"https:\/\/financeintellect.com\/\",\"https:\/\/www.linkedin.com\/company\/finance-intellect\/\",\"https:\/\/x.com\/Fin_Intellect\"],\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/author\/fi-online\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director - Finance Intellect","description":"Hikal Shareholders reject Baba Kalyani as Director. As per the voting results 49.4% of promoters votes were polled in favour of the resolution and 50.59% against.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/","og_locale":"en_US","og_type":"article","og_title":"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director - Finance Intellect","og_description":"Hikal Shareholders reject Baba Kalyani as Director. As per the voting results 49.4% of promoters votes were polled in favour of the resolution and 50.59% against.","og_url":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/","og_site_name":"Finance Intellect","article_published_time":"2023-12-31T01:41:04+00:00","article_modified_time":"2023-12-31T11:05:58+00:00","og_image":[{"width":720,"height":399,"url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM-720x399.png","type":"image\/png"}],"author":"FI Online","twitter_card":"summary_large_image","twitter_creator":"@Fin_Intellect","twitter_misc":{"Written by":"FI Online","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#article","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/"},"author":{"name":"FI Online","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130"},"headline":"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director","datePublished":"2023-12-31T01:41:04+00:00","dateModified":"2023-12-31T11:05:58+00:00","mainEntityOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/"},"wordCount":181,"commentCount":1,"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png","keywords":["Baba Kalyani","BJP","BSE","Germany","Hikal","Narendra Modi","NSE","Prime Minister","Sugandha Hiremath"],"articleSection":["Economy and Politics","India Inc","Markets","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/","url":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/","name":"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director - Finance Intellect","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#primaryimage"},"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png","datePublished":"2023-12-31T01:41:04+00:00","dateModified":"2023-12-31T11:05:58+00:00","author":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130"},"description":"Hikal Shareholders reject Baba Kalyani as Director. As per the voting results 49.4% of promoters votes were polled in favour of the resolution and 50.59% against.","breadcrumb":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#primaryimage","url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png","contentUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png","width":1802,"height":1010,"caption":"Prime Minister Shri Narendra Modi with Baba N. Kalyani, Chairman and Managing Director, Bharat Forge Limited"},{"@type":"BreadcrumbList","@id":"https:\/\/financeintellect.com\/home-page\/home\/hikal-shareholders-reject-baba-kalyani-as-director\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financeintellect.com\/home-page\/home\/"},{"@type":"ListItem","position":2,"name":"Shareholders of Hikal reject a special resolution for Baba Kalyani as Director"}]},{"@type":"WebSite","@id":"https:\/\/financeintellect.com\/home-page\/home\/#website","url":"https:\/\/financeintellect.com\/home-page\/home\/","name":"Finance Intellect","description":"Get business and finance insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130","name":"FI Online","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g","caption":"FI Online"},"sameAs":["https:\/\/financeintellect.com\/","https:\/\/www.linkedin.com\/company\/finance-intellect\/","https:\/\/x.com\/Fin_Intellect"],"url":"https:\/\/financeintellect.com\/home-page\/home\/author\/fi-online\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2023\/12\/Screenshot-2023-12-31-at-7.02.59-AM.png","_links":{"self":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/7218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/comments?post=7218"}],"version-history":[{"count":2,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/7218\/revisions"}],"predecessor-version":[{"id":7222,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/7218\/revisions\/7222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media\/7219"}],"wp:attachment":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media?parent=7218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/categories?post=7218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/tags?post=7218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}