BEML Land Assets Limited has received approval from the President of India through the Ministry of Defence to extend the tenure of Non-Executive Director Shri Anil Jerath. The extension, communicated on February 16, 2026, ensures continuity in the company's board composition during a critical period.

Director Tenure Extension Details

The Ministry of Defence has formally extended Shri Anil Jerath's appointment as Non-Executive Director on the board of BEML Land Assets Limited. The extension covers the period from February 1, 2026 to August 31, 2026, coinciding with his superannuation date from BEML Ltd. where he serves as Director (Finance).

Professional Background and Qualifications

Shri Anil Jerath brings substantial expertise to the board with his extensive professional background. He is a qualified Cost & Management Accountant from the Institute of Cost Accountants of India and originally joined the BEML Land Assets Limited board on February 1, 2024.

His professional journey includes significant roles across multiple sectors:

• Previous Role: Additional Director at Chhattisgarh State Electricity Board (CSEB), Raipur
• Industry Experience: Bharat Aluminium Company Limited (BALCO), Korba
• Current Position: Director (Finance) at BEML LIMITED
• Total Experience: 35 years across Government, Public & Private Sectors

Areas of Expertise

Jerath's extensive experience spans multiple critical areas of financial management and corporate governance. His expertise encompasses comprehensive accounting and financial management, including accounts finalization and audit processes. He has demonstrated proficiency in tax planning and management, alongside analyzing financial viability of new ventures and projects.

Additionally, his skills include:

• Forecasting project finance and fund requirements
• Conceptualizing and implementing financial procedures
• Working capital management
• Internal financial controls implementation
• Target costing methodologies

Regulatory Compliance and Independence

The company has confirmed full compliance with regulatory requirements regarding the director's appointment. BEML Land Assets Limited has affirmed that Shri Anil Jerath is not debarred from holding directorship by virtue of any SEBI order or other regulatory authority.

Furthermore, the company has disclosed that Jerath maintains no inter-se relationships among the directors of the company, ensuring independence in board deliberations and decision-making processes.

Corporate Governance Framework

This extension reflects the company's commitment to maintaining experienced leadership during the transition period. As a Schedule 'C' company under the Ministry of Defence, BEML Land Assets Limited operates within a structured governance framework that requires ministerial approval for key board appointments and extensions.

The formal communication was signed by Company Secretary & Compliance Officer Ravisekhar Rao S V and has been duly communicated to both NSE and BSE as per regulatory requirements under Regulation 30 of SEBI Listing Regulations, 2015.

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.