Bharat dynamics has submitted its initial disclosure to stock exchanges confirming that it does not qualify as a large corporate under SEBI's debt securities framework for the financial year 2026-27. The defence public sector undertaking made this disclosure on April 8, 2026, as part of its regulatory compliance obligations.

Regulatory Compliance Status

The company confirmed that it does not meet the applicability criteria for large corporates as defined under Chapter XII of SEBI operational circular no. SEBI/HO/DDHS/P/CIR/2021/613 dated April 13, 2022. This circular pertains to fund raising by way of issuance of debt securities by large corporates.

Financial Position Details

Bharat Dynamics Limited provided key financial information as part of its disclosure requirements:

The company reported nil outstanding borrowings as on March 31, 2026, which is a significant factor in determining its status under the SEBI framework. With no outstanding borrowings, the company falls outside the scope of regulations applicable to large corporates for debt securities issuance.

Disclosure Framework

Under SEBI's operational circular, entities identified as large corporates are required to raise a certain percentage of their incremental borrowings through debt securities. The framework aims to deepen the corporate bond market and reduce dependence on bank financing for large borrowers.

Corporate Information

Bharat Dynamics Limited operates as a Government of India enterprise under the Ministry of Defence. The disclosure was signed by N. Nagaraja, Company Secretary, and G. Gayatri Prasad, Director (Finance) and CFO, confirming the company's compliance with regulatory requirements.

The submission to both NSE and BSE demonstrates the company's commitment to maintaining transparency and adhering to regulatory guidelines, even when the specific framework does not apply to its current financial structure.

Bharat Dynamics Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The defense public sector undertaking filed the mandatory certificate for the quarter ended March 31, 2026, confirming adherence to dematerialization procedures.

Regulatory Compliance Details

The certificate was submitted on April 7, 2026, to both the National Stock Exchange of India Limited and BSE Limited under reference number BDL/CS/2026/SE-15. The submission addresses Regulation 74(5) requirements, which mandate quarterly reporting on securities dematerialization processes.

Dematerialization Process Confirmation

The company confirmed that securities received for dematerialization during the quarter were processed in accordance with regulatory guidelines. The certificate states that securities were mutilated and cancelled after due verification, with depository names substituted in records as registered owners within stipulated timeframes.

Key aspects of the compliance include:

• Securities received from depository participants were confirmed to depositories
• Certificates were mutilated and cancelled after verification
• Depository names substituted as registered owners in company records
• All processes completed within regulatory timeframes

Registrar Confirmation

Alankit Assignments Ltd, serving as the company's Registrar and Share Transfer Agent, provided supporting confirmation dated April 3, 2026. The registrar verified that securities received during the quarter ended March 31, 2026, were properly processed and confirmed to depositories.

Corporate Information

Bharat Dynamics Limited operates as a Government of India Enterprise under the Ministry of Defence. The company maintains its corporate office at Plot No. 38-39, TSFC Building, Financial District, Nanakramguda, Hyderabad, with registered office at Kanchanbagh, Hyderabad. The certificate was signed by N Nagaraja, Company Secretary, with digital signature authentication on April 7, 2026.

The submission demonstrates the company's continued compliance with SEBI regulations governing depository operations and securities dematerialization processes, ensuring transparency in share transfer and ownership record maintenance.