BEML Land Assets shareholders approved the company’s standalone audited financial statements for FY26 and reappointed key directors at its fifth annual general meeting. The meeting, chaired by Chairman and Managing Director Shantanu Roy, concluded on August 31, 2026.

The Schedule 'C' company under the Ministry of Defence also approved the appointment of a new government nominee director and extended the term of its secretarial auditor for five years.

Key Resolutions Approved

Shareholders approved the following ordinary and special business items during the meeting:

• Approval of standalone audited financial statements for the year ended March 31, 2026, along with the Board and Auditor reports.
• Fixation of remuneration for statutory auditors for FY27.
• Reappointment of Shantanu Roy as Chairman and Managing Director.
• Extension of term for Non-Executive Director Anil Jerath until August 31, 2026.
• Appointment of Government Nominee Director Rolley Mahendra Varma.
• Appointment of secretarial auditors for a five-year term from FY27 to FY31.

Meeting Proceedings

The meeting was conducted via video conferencing from 11:30 am to 12:30 pm. Remote e-voting was open from August 28 to August 30, 2026. Members who did not vote remotely could cast their votes electronically during the meeting.

Mr. Sukhmendra Kumar from MMA & Partners served as the scrutinizer for the voting process. The Chairman addressed member queries regarding the resolutions, noting that the secretarial auditor appointment followed a tendering process as per SEBI LODR Regulation 24A.

No material adverse effects were reported in the secretarial audit observations.

BEML Land Assets has appointed Smt. Sharaban M as an Independent Director on its board, effective August 12, 2026. The appointment, made by the President of India, is for a tenure of three years from the date of notification.

Board Appointment Details

The move aligns with the governance requirements for Schedule 'C' companies under the Ministry of Defence, Government of India. The appointment was formalized through Wide Notification No. MOD:1(5)/2025/BEML_Independent Director/DP(M&P).

Key details of the appointment include:

• Appointee: Smt. Sharaban M
• Role: Non-official Director (Independent Director)
• Effective Date: August 12, 2026
• Tenure: Three years
• Authority: President of India, under Article 64 of the Articles of Association

The company stated that further details regarding the DIN and a brief profile of the appointee will be furnished shortly in an annexure.

Regulatory Compliance

The appointment complies with Regulation 30 read with Para A(7) of Part A to Schedule III of the SEBI Listing Regulations, 2015. BEML Land Assets Limited notified both the National Stock Exchange of India Ltd. and The BSE Limited regarding the change in board composition.