BEML Limited informed stock exchanges that Brigadier T Srinivasa Rao (Retd), Chief General Manager and Strategic Business Unit (SBU) Head for the Armoured Business, has ceased his duties. His exit is consequent to his superannuation, effective from the closing hours of September 30, 2026.

Regulatory disclosure details

The company filed this information 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. The disclosure was made to both the National Stock Exchange of India and the BSE Limited for their records.

Leadership transition context

Brigadier T Srinivasa Rao held the position of Chief General Manager overseeing the Armoured Business division. This segment is a critical component of BEML's Defence & Aerospace portfolio, which also includes Mining & Construction and Rail & Metro operations. The cessation marks a routine leadership change within the Schedule 'A' company under the Ministry of Defence, Government of India.

BEML Limited shareholders approved a final dividend of ₹12.28 per equity share for the financial year ended March 31, 2026, during the company's 62nd Annual General Meeting (AGM) held on September 29, 2026.

The virtual meeting, conducted via Video Conferencing and Other Audio-Visual Means, saw the ratification of two interim dividends already paid during the year: ₹2.50 per share declared in February 2026 and ₹2.30 per share declared in May 2026. The total payout reflects a return on equity shares with a face value of ₹5 each.

Board appointments and governance updates

The AGM addressed several key governance matters, including the re-appointment of Chairman & Managing Director Shantanu Roy and Director (Rail & Metro Business) Rajeev Kumar Gupta, who retired by rotation. The shareholders also approved the appointment of new directors to strengthen the board's composition across defence and independent oversight roles.

The following individuals were appointed or re-appointed during the proceedings:

Auditor ratifications

Shareholders ratified the remuneration payable to Cost Auditors for FY27 and approved the appointment of M/s. M. P. Sanghavi & Associates LLP as Secretarial Auditors. The fixation of remuneration for Statutory Auditors for the upcoming fiscal year was also approved. The Company Secretary confirmed that statutory and secretarial audits reported no material adverse impact on the company's functioning.

Dividend structure analysis

The approval of the final dividend brings the total annual payout for FY26 to ₹17.08 per share, combining the two interim dividends and the final declaration. This consistent distribution highlights BEML's commitment to shareholder returns amidst its operations in Defence & Aerospace, Mining & Construction, and Rail & Metro sectors.