Bharat Dynamics Limited has announced a key board change with the cessation of an Independent Director's tenure. The defense public sector undertaking has informed stock exchanges about this corporate governance development in compliance with regulatory requirements.

Director Tenure Completion

Shri Jashwant Lal, who served as Part-time Non-Official Independent Director, ceased to hold his office effective February 24, 2026. His tenure concluded upon completion of the term specified in his original appointment order.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (LODR) Regulations, 2015. The announcement was made through official communication to both major stock exchanges where the company's shares are listed.

The notification was signed by N. Nagaraja, Company Secretary, and digitally authenticated on February 24, 2026. This ensures proper documentation and transparency regarding the board composition change.

Corporate Structure

Bharat Dynamics Limited operates as a Government of India Enterprise under the Ministry of Defence. The company maintains its corporate office in Hyderabad's Financial District and registered office at Kanchanbagh, Hyderabad. The completion of the Independent Director's tenure represents a routine board transition following the standard three-year appointment cycle for independent directors in public sector enterprises.

Bharat Dynamics Limited has announced the extension of additional charge of Director (Production) to Shri D. V. Srinivas Rao, continuing the interim leadership arrangement in the company's production division.

Ministry Approval and Timeline

The Ministry of Defence, Government of India, through letter No. DDP M0001(11)/1/2025-D(BDL) dated February 4, 2026, has conveyed the approval of the Appointment Committee of the Cabinet (ACC) for this extension. The company received intimation of this appointment on February 11, 2026.

Appointment Details

Shri D. V. Srinivas Rao, who currently serves as Director (Technical), will continue to hold the additional charge of Director (Production) for a further period of three months with effect from January 1, 2026. The arrangement will continue until the joining of the regular incumbent, Cmde. Sujay Kapoor, or for the specified three-month period, whichever is earlier.

Regulatory Compliance

This announcement was made in continuation of the company's previous general update (Ref: BDL/CS/2026/SE-05) dated February 5, 2026. The communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with regulatory disclosure requirements under Regulation 30.

Administrative Framework

The approval demonstrates the structured approach to interim leadership appointments in defense public sector undertakings. The Ministry of Defence's letter was circulated to various stakeholders including the Department of Public Enterprises, Public Enterprises Selection Board, Ministry of Corporate Affairs, and all members of BDL's Board of Directors, ensuring comprehensive communication across the administrative hierarchy.