BEML Limited has announced the cessation of Shri Bipin Kumar Gupta as Independent Director on the company's Board, effective 10.02.2026. The development was communicated to stock exchanges through a regulatory filing submitted by the company's management.

Director Cessation Details

The cessation occurred in accordance with the terms of the original appointment order issued by the Government of India. The relevant details of the directorship change are outlined below:

Regulatory Compliance

The announcement was made through a formal communication to both major stock exchanges where BEML shares are listed. Company Secretary & Compliance Officer Urmi Chaudhury signed the regulatory filing, ensuring adherence to listing compliance requirements.

Stock Exchange Communication:

• NSE Symbol: BEML
• BSE Scrip Code: 500048
• Filing Reference: CS/SEBI(DP)/745
• Filing Date: 10.02.2026

The cessation appears to be a routine completion of the director's term, as it aligns exactly with the three-year period from his original appointment date in 2023. This type of directorship change is common in government-appointed positions and reflects the structured governance framework followed by public sector enterprises.

Corporate Governance Impact

The departure of an Independent Director represents a change in the company's Board composition. Independent Directors play a crucial role in corporate governance by providing objective oversight and ensuring that the interests of all stakeholders are protected. BEML will need to consider the appointment of a replacement to maintain its Board structure and comply with regulatory requirements for Independent Director representation.

BEML Limited has submitted its investor information statement to stock exchanges, detailing key financial highlights for the period ended December 31, 2025. The comprehensive disclosure provides insights into the company's order book position, inventory levels, borrowings, and working capital status.

Order Book Performance

The company's order book dynamics during the third quarter showed mixed results. BEML began the quarter with an order book of ₹16,342 crores and secured new orders worth ₹1,053 crores during the period. The company executed orders valued at ₹1,046 crores during the quarter.

Inventory Analysis

BEML's inventory position showed a notable decrease compared to the previous year. Total inventory stood at ₹2,543.37 crores as on December 31, 2025, representing a reduction from ₹2,679.37 crores in the corresponding period of the previous year.

Financial Position Updates

The company's borrowing position increased substantially during the period. Total borrowings reached ₹930.83 crores as on December 31, 2025, compared to ₹641.63 crores in the previous year. The entire borrowing amount consists of cash credit and short-term loans, with no unsecured short-term loans reported.

Working Capital Management

Trade receivables increased to ₹1,796.34 crores from ₹1,479.84 crores in the previous year, indicating higher outstanding amounts from customers. Net working capital decreased marginally to ₹2,764.64 crores from ₹2,829.38 crores, reflecting the company's working capital management during the period.

The investor information statement was signed by Urmi Chaudhury, Company Secretary and Compliance Officer, and submitted to both NSE and BSE on February 6, 2026. This disclosure provides stakeholders with essential financial metrics to assess the company's operational and financial performance during the reported period.