Bharat Electronics Limited has announced a board meeting scheduled for February 27, 2026, to consider the declaration of interim dividend for the financial year 2025-26. The defense public sector undertaking informed stock exchanges about this important corporate development through an official notification dated February 18, 2026.

Board Meeting Details

The company has scheduled the board meeting in compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting details are outlined below:

Regulatory Compliance

The notification was issued pursuant to Regulation 29 of the SEBI (LODR) Regulations, 2015, which mandates listed companies to inform stock exchanges about board meetings where material matters are to be considered. The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about the scheduled meeting.

Company Information

Bharat Electronics Limited operates as a Government of India Enterprise under the Ministry of Defence. The company maintains its registered office at Outer Ring Road, Nagavara, Bangalore - 560 045. The official communication was signed by S Sreenivas, Company Secretary, with digital authentication on February 18, 2026.

Stock Exchange Details

The company trades on major Indian stock exchanges with the following identifiers:

The interim dividend consideration represents a significant corporate action that could impact shareholder returns for the current financial year. The board's decision on February 27, 2026, will determine the dividend payout for eligible shareholders of the defense electronics manufacturer.

Bharat Electronics Limited's Board of Directors has approved a significant Joint Venture Agreement with M/s. Safran Electronics and Defence (SED), France for Project HAMMER during their meeting held on February 15, 2026. The operationalisation of the joint venture agreement provisions remains subject to regulatory and administrative approvals from both countries.

Joint Venture Structure and Purpose

The partnership will establish a Private Limited Company under the Companies Act, 2013, with the registered office and principal place of business located in Pune or any other mutually agreed location. The new entity will operate a "Center of Excellence" to function as a Technology cum Teaming Partner for the manufacturing, supply, maintenance and repair of the Guidance Kit (GK) of HAMMER Weapon System.

Financial and Governance Framework

The joint venture will follow a balanced partnership approach with equal participation from both entities. The initial capital structure has been designed to accommodate future expansion based on operational requirements.

Regulatory Compliance and Disclosures

The company has confirmed that the transaction does not fall within related party transactions and that the partnering entities are not related to promoter, promoter group, or group companies in any manner. The joint venture represents a strategic collaboration between the Indian defense manufacturer and the French aerospace and defense company.

The agreement establishes a framework for technology transfer and manufacturing capabilities specifically focused on the HAMMER weapon system's guidance components. While the Indian Air Force and Indian Navy are identified as primary end users, the agreement allows for inclusion of other end users in India through mutual consent.

Strategic Implications

This joint venture represents a significant step in defense manufacturing collaboration between India and France. The Center of Excellence model will enable technology sharing and local manufacturing capabilities for advanced weapon systems, aligning with India's defense manufacturing objectives.

The 50:50 partnership structure ensures balanced control and decision-making between both entities, while the scalable capital structure provides flexibility for future expansion based on project requirements and market opportunities.