Bharat Heavy Electricals Limited has announced the appointment of Shri Asit Gopal as Part-time Official Director on its Board, effective February 3, 2026. The appointment follows communication from the Ministry of Heavy Industries dated February 2, 2026, and subsequent approval from BHEL's Board of Directors.

Board Appointment Details

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Gopal has been designated as Part-time Official (Government Nominee) Director, reflecting the government's continued involvement in the state-owned enterprise's governance structure.

Professional Background and Qualifications

Shri Asit Gopal brings extensive experience spanning over three decades in public administration. His diverse portfolio encompasses multiple critical sectors including finance, tribal affairs, vigilance, education, sanitation, and forest management.

His educational credentials include:

• B.Tech in Civil Engineering from IIT Bombay
• Postgraduate qualifications in Wildlife Management
• Postgraduate degree in Public Policy & Management
• MBA degree

Career Highlights

Shri Gopal's distinguished career includes significant leadership positions across various government departments and organizations:

• Extensive service in the Forest Department of Madhya Pradesh
• Additional Secretary (Finance) role
• Director positions in the Ministry of Tribal Affairs and Central Vigilance Commission
• Mission Director of Swachh Bharat Mission (Madhya Pradesh)
• Chairman & Managing Director of the National Scheduled Tribe Finance and Development Corporation
• Commissioner of the National Education Society for Tribal Students (NESTS), overseeing Eklavya Model Residential Schools

Current Responsibilities

Currently, Shri Gopal serves as Special Secretary & Financial Adviser (SS&FA) in the Ministry of Textiles. His role extends beyond textiles, holding additional charge of multiple ministries:

• Ministry of Food Processing Industries
• Ministry of Development of North Eastern Region
• Ministry of Commerce & Industry
• Ministry of Heavy Industry
• Ministry of MSME

Regulatory Compliance

The newly appointed Part-time Official Director has furnished the required declaration confirming that he is not debarred from holding the office of Director pursuant to any SEBI order or order of any other regulatory authority. The company has disclosed that there are no relationships between directors that require disclosure under regulatory requirements.

Bharat Heavy Electricals Limited (BHEL) has announced a senior management change with the superannuation of its Executive Director (CFP) from company services. The disclosure was made to stock exchanges in compliance with regulatory requirements for transparency in corporate governance.

Senior Management Transition

The company informed BSE Limited and National Stock Exchange of India about the retirement of a key executive from its senior management team. The superannuation took effect on 24th January, 2026, marking the end of the executive's tenure with the public sector undertaking.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions, including changes in senior management positions.

The disclosure was signed by Sayed Salahuddin, Manager, Corporate Communication, BHEL, and submitted to both major stock exchanges on 25th January, 2026. The communication emphasized that the information was provided for the record of the exchanges and market participants.

Corporate Communication

BHEL's corporate communication department handled the regulatory filing, ensuring timely disclosure of the management change. The company maintains transparency standards by promptly informing stakeholders about significant organizational developments, including senior management transitions through superannuation.