Bharat Electronics Limited has announced a key senior management transition with the upcoming superannuation of its Chief Technology Officer. The defense electronics manufacturer has informed stock exchanges about this planned leadership change in accordance with regulatory disclosure requirements.

Senior Management Transition Details

The company has provided formal notification regarding the retirement of a senior executive from its technology leadership team. This announcement comes as part of the natural succession planning process within the organization.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30(2) of SEBI (LODR) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events including changes in senior management. The company has simultaneously notified both the National Stock Exchange of India Limited and BSE Limited about this development.

Company Background

Bharat Electronics Limited operates as a Government of India enterprise under the Ministry of Defence. The company maintains its registered office at Outer Ring Road, Nagavara, Bangalore, and specializes in defense electronics and related technologies. As a public sector undertaking, the company follows structured succession planning and retirement policies in line with government guidelines.

Communication Timeline

The formal communication to stock exchanges was dated February 28, 2026, providing advance notice of the leadership transition. This proactive disclosure demonstrates the company's commitment to maintaining transparency with stakeholders and ensuring smooth management transitions. The notification was signed by S Sreenivas, Company Secretary, on behalf of Bharat Electronics Limited.

Bharat Electronics Limited has declared an interim dividend of ₹1.95 per equity share for the financial year 2025-26 and has now fixed March 5, 2026 as the record date for dividend payment eligibility. The Board of Directors approved this dividend declaration during their meeting held on February 27, 2026, representing 195% dividend on shares of ₹1 each fully paid-up.

Board Meeting and Dividend Declaration

The company's Board of Directors convened on February 27, 2026, with the meeting commencing at 5:45 PM and concluding at 6:15 PM. During this meeting, the Board formally declared the interim dividend as part of their commitment to rewarding shareholders and distributing profits for the current financial year.

Record Date and Eligibility

In compliance with Regulation 42(2) of SEBI (LODR) Regulations, 2015, the company has fixed Thursday, March 5, 2026 as the record date for the purpose of interim dividend payment on equity shares. Shareholders whose names appear in the company's records on this date will be eligible to receive the interim dividend payment.

Payment Timeline and Process

The interim dividend will be paid to eligible shareholders within 30 days from the date of declaration. This timeline ensures prompt distribution of returns to the company's investor base, demonstrating BEL's efficient dividend payment process and shareholder-friendly approach.

Regulatory Compliance

The dividend declaration and record date notification have been communicated to both the National Stock Exchange of India Limited and BSE Limited under appropriate SEBI regulations, ensuring full regulatory compliance. The company has provided all necessary details to the stock exchanges, including the Board meeting timeline, dividend specifics, and record date information, maintaining transparency in corporate governance practices.

This interim dividend announcement reflects Bharat Electronics Limited's strong financial position and its continued commitment to creating value for shareholders while maintaining its leadership position in the defense electronics sector.