BEML Limited , a prominent player in India's defense and aerospace sector, has taken a significant step towards bolstering its position in the industry. The company has entered into a strategic partnership with two other major players to support a crucial defense initiative.

Tripartite Memorandum of Understanding

BEML Limited signed a tripartite Memorandum of Understanding (MoU) with Bharat Forge Limited and Data Patterns (India) Limited. The signing ceremony took place in Pune, marking the beginning of a collaborative effort to support the Advanced Medium Combat Aircraft (AMCA) programme.

AMCA Programme and Expression of Interest

The partnership aims to jointly participate in the Expression of Interest (EoI) floated by the Aeronautical Development Agency (ADA) for the AMCA programme. This move demonstrates BEML's commitment to contributing to India's defense capabilities and aerospace advancements.

Strategic Implications

The collaboration between these three companies is expected to bring together their respective expertise and resources:

1. BEML Limited: Known for its capabilities in defense and aerospace manufacturing.
2. Bharat Forge Limited: A leader in metal forming with significant defense sector experience.
3. Data Patterns (India) Limited: Specializes in defense and aerospace electronics.

This strategic alliance is poised to enhance India's indigenous defense manufacturing capabilities, aligning with the country's push for self-reliance in the defense sector.

Official Disclosure

The company officially disclosed this development to the National Stock Exchange of India Ltd. and the BSE Limited, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BEML stated that this partnership is in the normal course of business, indicating its alignment with the company's strategic objectives.

The MoU signing represents a significant move for BEML in the defense and aerospace sector, potentially opening up new opportunities for growth and technological advancement in support of India's defense initiatives.

BEML Ltd (formerly Bharat Earth Movers Limited) and 56 other companies have announced their dividend record dates, with significant corporate updates for BEML including a new director appointment.

Dividend Announcement

BEML Ltd, along with 56 other companies, has set Monday, September 22 as the record date for dividend eligibility. This makes today the last trading day for investors to purchase shares and qualify for the upcoming payouts. BEML is offering a final dividend of Rs 1.20 per share.

Among the notable dividend announcements:

The dividend amounts across all 57 companies range from Rs 0.01 per share (Fischer Medical Ventures) to Rs 160.00 per share (Maharashtra Scooters). The companies span various sectors including defense, rail, mining, pharmaceuticals, textiles, and engineering.

Investors should note that under T+1 settlement norms, shares must be purchased one day prior to the record date to be eligible for dividend payments.

BEML Appoints New Director of Defence Business

In a separate development, BEML Limited has announced a significant change in its leadership. According to the company's latest LODR (Listing Obligations and Disclosure Requirements) filing, Shri Sachin Dighde has been appointed as the Director (Defence Business) of BEML.

Key points about the new appointment:

• Shri Sachin Dighde assumed charge of the post on September 18.
• He has been assigned the Director Identification Number (DIN) 11306396.
• Prior to joining BEML, Shri Dighde served as Chief of Rolling Stock at the Ministry of Railways.
• He brings over three decades of expertise in managing complex engineering operations and strategic projects in the government sector.

The appointment was made pursuant to Article 97 of the Articles of Association of the Company, with the President of India appointing Shri Dighde to the position.

BEML has confirmed that Shri Dighde is not debarred from holding the office of director by any SEBI order or other authority. The company also stated that he does not have any inter-se relationship with other Directors of the Company.

This appointment could potentially strengthen BEML's position in the defense business sector, leveraging Shri Dighde's extensive experience in government operations and strategic project management.