Bharat Heavy Electricals Limited (BHEL) has announced significant changes in its senior management structure following the superannuation of two Executive Directors. The company made this disclosure in compliance with regulatory requirements under SEBI's listing obligations.

Senior Management Changes

The power equipment manufacturer informed stock exchanges about the retirement of two key executives who completed their tenure on March 24, 2026. Both executives held important positions within the organization's operational and corporate structure.

Regulatory Compliance

BHEL submitted the disclosure to both major stock exchanges on March 25, 2026, adhering to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates listed companies to inform exchanges about material events and changes in senior management positions.

The communication was signed by Jaya Mitra, Manager of Corporate Communication, and was digitally authenticated on March 25, 2026. The disclosure ensures transparency regarding leadership transitions within the state-owned power equipment company.

Executive Positions

Shri S Prabhakar served as Executive Director for HPBP (High Pressure Boiler Plant) operations in Trichy, overseeing critical manufacturing activities. Rajesh Kohli held the position of Executive Director at the Corporate Office in New Delhi, managing strategic corporate functions. Both positions represent senior leadership roles within BHEL's organizational hierarchy.

Bharat Heavy Electricals Limited has announced a key leadership transition with the departure of its Director (Human Resources) Shri Krishna Kumar Thakur, effective 19th March, 2026. The change comes as part of a government directive facilitating his appointment to a senior position at NMDC Limited.

Leadership Transition Details

Shri Krishna Kumar Thakur (DIN: 10172666) has relinquished his charge as Director (Human Resources) from BHEL's Board of Directors effective 19th March, 2026 (forenoon). His departure aligns with Ministry of Heavy Industries order no. 1(4)/2019-PE-XI/CPSE.1 dated 18.03.2026, which facilitates his selection as Director (Personnel) in NMDC Limited.

Interim Arrangements

To ensure continuity in operations, BHEL has made immediate arrangements for the Director (Human Resources) position. Shri Tajinder Gupta, Director (Power), has been entrusted with additional charge of the Director (Human Resources) position effective 19th March, 2026 (forenoon), as per MHI order no. 1(4)/2019-PE.XI/CPSE.1(E.19478) dated 18.03.2026.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BHEL has provided all required disclosures including:

• Formal relinquishment letter from Shri Krishna Kumar Thakur
• Ministry of Heavy Industries directive
• Complete regulatory information as per Schedule III requirements

Government Directive

The Ministry of Heavy Industries issued the relieving order on 18.03.2026, directing BHEL to relieve Shri Krishna Kumar Thakur at the earliest to enable him to join NMDC Limited as Director (Personnel). This follows the Ministry of Steel's Order No. S-14013/1/2025 – BLA dated 17.03.2026 regarding his appointment at NMDC Limited.

The transition represents a strategic movement of senior talent within government undertakings, ensuring experienced leadership across key public sector enterprises in the heavy industries and steel sectors.