BEML Limited has scheduled its 62nd Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means to transact ordinary and special business.

Dividend Declaration

The company seeks shareholder approval for a final dividend of ₹12.28 per equity share of face value ₹5 each for FY26. This payout represents a 246% dividend on the face value. The Board also proposes to confirm two interim dividends already paid during the financial year:

The record date for determining eligibility for dividend payment and remote e-voting is fixed for Tuesday, September 22, 2026. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026.

Board Appointments

The AGM agenda includes several significant board appointments and re-appointments:

• Re-appointments: Shri Shantanu Roy (Chairman & Managing Director) and Shri Rajeev Kumar Gupta (Director, Rail & Metro Business) retire by rotation and offer themselves for re-appointment.
• New Executive Directors: Approval is sought for the appointment of Shri Sachin Dighde as Director (Defence Business) with effect from September 18, 2025, and Shri Dinesh Mahur as Government Nominee Director effective June 5, 2026.
• Independent Directors: Shareholders will vote on special resolutions to appoint Smt. Promila Kundara, Shri Shankar Lal Agrawal, and Shri Karunakaran Nambiar K. as Independent Directors. Their terms are set for three years, commencing from August 18, 2026, or August 21, 2026.

Auditor Remuneration

The meeting will also ratify the remuneration for statutory and cost auditors:

• Cost Auditors: M/s. Chandra Wadhwa and Co. has been appointed for FY27-FY29 at a consolidated remuneration of ₹1,55,000 inclusive of out-of-pocket expenses and GST.
• Secretarial Auditors: M/s. M P Sanghavi & Associates LLP is proposed for appointment for five consecutive financial years (FY27-FY31) at ₹1,20,000 per annum.

What the Numbers Show

The total proposed dividend payout for FY26 stands at ₹17.08 per share when combining the final dividend of ₹12.28 with the previously declared interim dividends of ₹2.50 and ₹2.30. This structure indicates a heavy reliance on the final dividend declaration to determine the annual return to shareholders, accounting for approximately 72% of the total proposed distribution.

Voting and Logistics

E-voting facilities are available through Central Depository Services (India) Limited. The remote e-voting period runs from Friday, September 25, 2026, at 9:00 am to Monday, September 28, 2026, at 5:00 pm. Physical attendance is dispensed with, and proxy appointments are not available for this virtual meeting.

BEML Limited announced the cessation of Shri Shivakumar HG as Executive Director (Offg.) with effect from the closing hours of August 31, 2026. The departure follows his superannuation.

The company disclosed the change in leadership pursuant to Regulation 30 read with Para A (7) of Part A to Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shri Shivakumar HG served as ED (Offg.) - FPIIC. Savitri Ramnath Yadav, Company Secretary & Compliance Officer, signed the intimation sent to the National Stock Exchange of India Ltd. and The BSE Limited.

The Bangalore-based firm operates in defence and aerospace, mining and construction, and rail and metro sectors. It is a Schedule 'A' company under the Ministry of Defence, Government of India.