Bharat Heavy Electricals Limited has announced a significant administrative change with the appointment of Bigshare Services Private Limited as its new Registrar and Share Transfer Agent (RTA), effective January 1, 2026. The transition marks the end of Alankit Assignments Limited's tenure as the company's RTA following the completion of their contract period on December 31, 2025.

Regulatory Compliance and Communication

The company formally communicated this change to both BSE Limited and National Stock Exchange of India Limited through their respective listing platforms. Dr. Yogesh R Chhabra, Company Secretary of BHEL, issued the notification under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.

New RTA Contact Details

Shareholders have been provided with comprehensive contact information for the new registrar and share transfer agent:

Transition Process and Documentation

The company has indicated that a tripartite agreement between BHEL, the outgoing RTA Alankit Assignments Limited, and the incoming RTA Bigshare Services Private Limited is currently under process. This agreement, required under Regulation 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be communicated to stakeholders upon completion.

Impact on Shareholders

All equity share-related matters for BHEL shareholders will now be exclusively handled by Bigshare Services Private Limited. The company has emphasized that shareholders should direct all future correspondence regarding their equity holdings to the new RTA's contact details provided above. This includes matters related to share transfers, dividend payments, and other shareholder services.

The transition represents a routine administrative change aimed at ensuring continued efficient shareholder services for BHEL's investor base.

Bharat Heavy Electricals Limited (BHEL) has received a GST demand order from authorities in Gujarat, as disclosed in a regulatory filing. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Demand Details

The demand order originates from the Enforcement Division-5 in Gujarat and relates to a dispute concerning input tax credit availment and utilization. The financial implications of this order are structured across three components:

All amounts are in lakhs

Nature of Dispute

The GST demand order has been issued under Section 74 of the GST Act and specifically addresses issues related to input tax credit (ITC) availment and utilization by BHEL. The authorities have identified what they consider to be aberrations or non-compliances in the company's GST ITC practices.

Company Response and Next Steps

BHEL has indicated that the order is currently appealable under GST regulations. The company's immediate response includes:

• Evaluation of the impugned order for potential legal challenges
• Assessment of grounds for filing an appeal against the demand
• Review of the disputed input tax credit claims and supporting documentation

The company has stated that it is actively evaluating the order to determine the appropriate course of action, including the possibility of filing an appeal against the GST authorities' decision.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 read with Sub Para 20 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency regarding material developments that could impact the company's operations or financial position.

The communication was digitally signed by Sayed Salahuddin, Manager of Corporate Communication at BHEL, and submitted to both BSE Limited and National Stock Exchange of India Limited as required under listing regulations.