Bharat Dynamics Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the National Stock Exchange of India Ltd and BSE Limited on September 3, 2026. The filing, pursuant to Regulation 34(2)(f) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, details the company’s operational scope and expansion strategy.

The Hyderabad-based public sector undertaking, under the Ministry of Defence, continues to serve as the Prime Production Agency for the Integrated Guided Missile Development Programme (IGMDP). Incorporated in July 1970, the company manufactures guided missile systems, underwater weapons, and airborne products for the Indian Armed Forces. It also provides product life cycle support and refurbishment services for vintage missiles.

Expansion and Manufacturing Footprint

Bharat Dynamics currently operates three manufacturing units: two in Telangana (Hyderabad and Bhanur) and one in Andhra Pradesh (Visakhapatnam). As part of its expansion plan, the company is setting up additional facilities at Ibrahimpatnam near Hyderabad, Amravati in Maharashtra, and Jhansi in Uttar Pradesh.

Operational Evolution

The company has evolved from a missile manufacturer to a weapon system integrator, offering complete solutions to the armed forces. It collaborates with the Defence Research and Development Organisation (DRDO) and foreign original equipment manufacturers (OEMs) for the supply of various missiles and allied equipment.

What the Numbers Show

The filing highlights a strategic shift towards geographic diversification in manufacturing capacity. While existing operations are concentrated in South India (Telangana and Andhra Pradesh), the new facilities in Maharashtra and Uttar Pradesh indicate a move to broaden the supply chain footprint across different regions, potentially reducing logistical dependencies on a single geographic cluster.

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.