Bharat Dynamics Executive Director retires on superannuation

0 min read Updated on 02 Jun 2026, 04:28 AM

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Shriram SScanX News Team

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Bharat Dynamics Limited announced the retirement of Cmde. Girish Raghunath Pradhan from the position of Executive Director effective May 31, 2026, due to superannuation. The company disclosed this information to the exchanges on June 1, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015.

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Bharat Dynamics Limited announced that Cmde. Girish Raghunath Pradhan has retired from his position as Executive Director. The retirement, effective May 31, 2026, occurred upon the executive attaining the age of superannuation. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Cmde. Girish Raghunath Pradhan (Retd.) served as Executive Director until his retirement date. The company confirmed the development through its regulatory filing submitted on June 1, 2026. The notification was addressed to the compliance departments of both the National Stock Exchange of India Ltd and BSE Limited.

Detail	Information
Person Retiring	Cmde. Girish Raghunath Pradhan (Retd.)
Position	Executive Director
Retirement Date	May 31, 2026
Reason	Attainment of superannuation age
Regulation	Regulation 30 of SEBI (LODR) Regulations, 2015

Historical Stock Returns for Bharat Dynamics

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.73%	-4.31%	-10.05%	-17.26%	-37.93%	+566.49%

Who has been appointed to succeed Cmde. Girish Raghunath Pradhan as Executive Director?

How will this leadership transition impact Bharat Dynamics' ongoing strategic initiatives?

What is the timeline for the company to announce the new Executive Director to the stock exchanges?

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Bharat Dynamics fined for non-compliance with SEBI norms

1 min read Updated on 30 May 2026, 06:29 AM

Reviewed by

Riya DScanX News Team

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Bharat Dynamics Limited was fined ₹6,96,200 each by BSE Limited and the National Stock Exchange of India Limited for non-compliance with SEBI regulations during Q4FY26. The penalties relate to the composition of the Board of Directors, as the company lacks the authority to appoint directors, a power held by the President of India through the Ministry of Defence. Bharat Dynamics stated the fines have no financial or operational impact and will seek a waiver, noting it will remain non-compliant until the Government appoints the requisite Independent Directors.

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Bharat Dynamics Limited was fined ₹6,96,200 each by BSE Limited and the National Stock Exchange of India Limited for non-compliance with specific SEBI regulations during the quarter ended March 31, 2026. The penalties, inclusive of GST, were imposed for violations under Regulation 17(1), 18, and 19 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The company stated that these fines do not impact its financial, operational, or other activities.

The non-compliance stems from the composition of the Board of Directors. Bharat Dynamics clarified that the authority for appointing directors rests with the President of India, acting through the Ministry of Defence. Consequently, the Board of Bharat Dynamics has no role in the appointment process, leading to the current regulatory breach.

Exchange	Fine Amount	Reason for Fine
BSE Limited	₹6,96,200	Non-compliance under Regulation 17(1), 18 and 19 SEBI LODR
National Stock Exchange of India Limited	₹6,96,200	Non-compliance under Regulation 17(1), 18 and 19 SEBI LODR

Bharat Dynamics intends to seek a waiver of the fines levied by both exchanges. The company will cite the impossibility of compliance as the basis for this request, referencing the exchange policy for exemption of fines. The defence ministry enterprise emphasized that it will continue to be non-compliant with the aforementioned regulations until the requisite number of Independent Directors are appointed by the Government.

The intimation regarding the penalty and the proposed waiver was submitted to the exchanges on May 29, 2026, under Regulation 30 of SEBI LODR. N. Nagaraja, Company Secretary, signed the disclosure on behalf of Bharat Dynamics.

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