BHEL Schedules Board Meeting on January 19, 2026 to Consider Q3 FY26 Results

Bharat Heavy Electricals Limited (BHEL) has announced that its board of directors will meet on January 19, 2026, to consider and approve the company's unaudited financial results for the third quarter of fiscal year 2026.

Board Meeting and Regulatory Compliance

The scheduled board meeting has been announced in compliance with Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The meeting will focus on reviewing and approving the quarterly financial performance for the period ending December 31, 2025.

Meeting Details:	Information
Date:	January 19, 2026
Purpose:	Approve Q3 FY26 Unaudited Results
Quarter Period:	October-December 2025
Regulation:	SEBI Regulation 29
Trading Window Closure:	Until January 21, 2026

Trading Window Restrictions

As part of the regulatory requirements, BHEL has announced that the trading window for designated persons will remain closed until January 21, 2026. This measure ensures compliance with insider trading regulations during the period of financial result consideration and approval.

Corporate Governance Framework

The announcement was made by Dr. Yogesh R Chhabra, Company Secretary of BHEL, addressing both BSE Limited and National Stock Exchange of India Limited. This communication demonstrates the company's adherence to transparency requirements and proper disclosure practices mandated for listed companies.

Regulatory Details:	Information
Company Secretary:	Dr. Yogesh R Chhabra
CIN:	L74899DL1964GOI004281
Stock Exchanges:	BSE and NSE
Government Undertaking:	Yes

Market Significance

As a prominent player in the capital goods and electrical equipment sector, BHEL's quarterly results are closely monitored by investors and analysts. The third quarter results will provide insights into the state-owned company's operational performance and financial health during the October-December 2025 period, reflecting broader trends in infrastructure development and power generation projects in India.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.22%	+7.34%	+9.29%	+16.68%	+38.09%	+670.43%

Bharat Heavy Electricals Limited has received substantial tax relief from the Telangana Commercial Tax Department, which has dropped a significant GST demand of ₹183.77 crore along with interest and penalty for FY22. This development provides major relief to the state-owned engineering company and resolves a substantial tax dispute.

Regulatory Disclosure Details

The company filed a regulatory disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 with BSE and NSE on January 2, 2026. The adjudication order was dated December 31, 2025, and received by the company on January 1, 2026, under Section 73 of CGST Act/TGST Act, 2017.

Parameter:	Details
Communication Type:	Adjudication Order
Authority:	Assistant Commissioner (ST), Commercial Tax Department, Telangana
Order Date:	December 31, 2025
Receipt Date:	January 1, 2026
Applicable Period:	FY 2021-22

Tax Demand Resolution

The adjudication order addressed a show-cause notice that had raised a total demand of ₹184.55 crore for the financial year 2021-22. The tax authority ruled in BHEL's favour after accepting that the exports in question had already been completed, despite being flagged for being beyond the prescribed timeline.

Parameter:	Amount
Original Total Demand:	₹184.55 crore
Amount Dropped:	₹183.77 crore
Residual Demand:	₹1.43 crore

Outstanding Amount Breakdown

A minimal residual demand of ₹1.43 crore remains outstanding, comprising multiple components. The company has indicated it will file an appeal against this balance amount before the Appellate Authorities.

Component:	Amount
Tax:	₹0.78 crore
Interest:	₹0.58 crore
Penalty:	₹0.07 crore
Total Residual:	₹1.43 crore

Financial Impact Assessment

BHEL has stated there is no expected financial implication from the remaining demand, as the case is strong on merits. The company considers the export compliance matter resolved, with exports having been completed as required. This tax relief removes a significant financial overhang for the state-owned engineering major and provides clarity on a substantial compliance matter that had been pending resolution.