BEML Land Assets Limited has announced important changes to its board composition, involving tenure extensions for key directors and the cessation of a government nominee director. The company communicated these developments to stock exchanges on February 1, 2026, in compliance with SEBI Listing Regulations.

Director Tenure Extensions

The President of India, through the Ministry of Defence, has extended the appointments of two key board members for an additional year. The extensions were formalized through a letter dated January 31, 2025, and became effective from February 1, 2025.

The company noted that the previous tenure of both directors concluded on January 31, 2026. However, approval for new director appointments remains pending from the Administrative Ministry, Ministry of Defence. BEML Land Assets Limited has committed to informing stock exchanges immediately upon receiving communication regarding these appointments.

Government Nominee Director Cessation

In a separate development, Shri Rakesh Kumar, who served as Government Nominee Director, ceased to hold his position effective February 1, 2026. His departure follows his superannuation from the services of the Administrative Ministry, Ministry of Defence on January 31, 2026.

Regulatory Compliance

Both announcements were made under Regulation 30 of the SEBI Listing Regulations, 2015, read with Schedule III. The communications were addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing requirements.

BEML Land Assets Limited operates as a Schedule 'C' company under the Ministry of Defence, Government of India, with CIN L70109KA2021GOI149486. The company secretary Ravisekhar Rao S V signed both communications on behalf of the company, maintaining transparency with stakeholders regarding these board composition changes.

BEML Land Assets Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following the Board of Directors' 27th meeting held on January 23, 2026. The Government of India company under the Ministry of Defence continues to face operational challenges with no revenue generation during the reporting period.

Quarterly Financial Performance

The company reported a net loss of ₹46.04 lakhs for Q3FY26, representing a marginal increase from the ₹44.03 lakhs loss recorded in Q3FY25. The quarterly performance shows consistent operational challenges with zero revenue from operations across all reporting periods.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, BEML Land Assets reported a net loss of ₹373.68 lakhs compared to ₹332.88 lakhs in the corresponding period of the previous year. This represents a deterioration of ₹40.80 lakhs or 12.26% increase in losses year-over-year.

Expense Breakdown

The company's operational expenses for Q3FY26 were distributed across several categories. Employee benefits expense stood at ₹13.35 lakhs, showing an increase from ₹11.70 lakhs in Q3FY25. Finance costs remained the largest expense component at ₹28.46 lakhs, slightly lower than the ₹29.55 lakhs recorded in the previous year's corresponding quarter.

Financial Position and Ratios

The company maintains an equity share capital of ₹4,164.45 lakhs with reserves showing a deficit of ₹4,426.97 lakhs as of December 31, 2025. Key financial ratios indicate operational stress, with the Debt Service Coverage Ratio at (0.21) and Interest Service Coverage Ratio at (0.62) for the quarter. The Debt Equity Ratio stands at (1.01), reflecting the company's challenging financial position.

Regulatory Compliance and Governance

The Board meeting commenced at 11:30 hours and concluded at 13:30 hours on January 23, 2026. The unaudited financial results were prepared in accordance with Indian Accounting Standards and reviewed by the Audit Committee before Board approval. The company has made arrangements to publish the results extract in national and local newspapers as per regulatory requirements. The statutory auditors conducted a limited review of the financials, noting that the company currently does not have the requisite number of Independent Directors as mandated under SEBI regulations and the Companies Act.