Bharat Dynamics Limited has scheduled its 56th Annual General Meeting (AGM) for Monday, September 28, 2026. The company fixed Monday, September 21, 2026, as the record date for determining shareholders eligible for the final dividend.

The meeting will convene via Video Conferencing or Other Audio Visual Means (OAVM) at 3:00 pm to transact ordinary and special business items related to the financial year ended March 31, 2026. The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, inclusive.

Financial Results and Dividend

The Board of Directors recommended a final dividend of ₹0.40 per equity share of face value ₹5 each for FY26. This recommendation is subject to shareholder approval at the upcoming AGM. If declared, the dividend will be paid within 30 days from the date of declaration.

The company had already paid an interim dividend of ₹4.50 per equity share in February 2026. Consequently, the total dividend declared for FY26 stands at ₹4.90 per equity share.

Key Financial Metrics

For the fiscal year ended March 31, 2026, Bharat Dynamics reported a Profit After Tax (PAT) of ₹420.34 crore, a decline from ₹549.65 crore in the previous year. Revenue from operations stood at ₹2,441.79 crore, down from ₹3,345.05 crore in FY25. The reduction in revenue was attributed to shifts in delivery timelines for Surface-to-Air Missiles and associated Ground Support Equipment.

Despite the revenue moderation, the company maintained a robust order book position of approximately ₹26,176 crore as of March 31, 2026. New orders worth about ₹5,909 crore were received during the year, covering Anti-Tank Guided Missiles, Unified Launchers, and upgraded variants of the Akash Missile system.

Board Appointments

The AGM will also address several special business items regarding board composition. Shareholders will be asked to ratify the remuneration of the Cost Auditor, M/s. Narasimha Murthy & Co., at ₹2 lakh plus applicable taxes for the financial year 2026-27.

Furthermore, the meeting will approve the appointments of the following directors:

• Cmde. Sujay Kapoor as Director (Production), effective March 6, 2026.
• Shri Shailesh Vagerwal as Chairman and Managing Director, effective July 9, 2026.
• Shri Ankush Munjal, Smt. Vandana Agarwal, and Shri Pankaj Joshi as Independent Directors, effective August 17, 2026.

Shri Devulapally Venkata Srinivas Rao, Director (Technical), retires by rotation and offers himself for reappointment.

Bharat Dynamics announced the retirement of two senior executives on August 31, 2026, citing superannuation. The departures include Executive Director L. Kishan and General Manager Yalamanchili Ushasri.

The Ministry of Defence enterprise disclosed the change in senior management personnel pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The notification was issued by Company Secretary N. Nagaraja on September 1, 2026.

Management Changes

The following officials retired upon attaining the age of superannuation:

• L. Kishan: Executive Director (Unit head Bhanur)
• Yalamanchili Ushasri: General Manager (SAM)

The company notified both the National Stock Exchange of India Ltd and BSE Limited regarding these administrative changes. No financial metrics or operational updates were included in this specific disclosure.