Bharat Heavy Electricals Limited (BHEL), a leading power equipment manufacturer, has announced significant changes in its senior management team. The company has appointed two new General Managers following the retirement of two Executive Directors, effective September 25, 2025.

New Appointments

BHEL has appointed two new General Managers:

V Shrinivas Rao

• Position: General Manager & Head of HBG (Heavy Build Group), PS-BG II (Power Sector - Business Group II), Noida
• Experience: 33 years
• Qualifications:
  • BE in Mechanical Engineering
  • M.Tech in Mechanical Engineering
  • PGDM in Financial Management
• Joined BHEL: October 12, 1992

Ajay Kumar

• Position: General Manager & Head of PEM (Project Engineering Management) & CPC (Central Project Control), Noida
• Experience: 35 years
• Qualification: BE in Electrical & Electronics Engineering
• Joined BHEL: August 9, 1990

Both Rao and Kumar will report directly to the Director (Power) in their new roles.

Retirements

These appointments follow the superannuation of two Executive Directors on September 24, 2025:

1. Pankaj Rastogi - Executive Director (HBG), PS-BG II, Noida
2. Praveen Kishore - Executive Director (CPC), PS-HQ, Noida and PS-PEM (Additional Charge)

Company's Disclosure

BHEL made this announcement in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company's Manager of Corporate Communication, Sayed Salahuddin, issued the official statement detailing these management changes.

These strategic appointments and smooth transitions in senior management roles demonstrate BHEL's commitment to maintaining strong leadership and continuity in its operations. The extensive experience of the newly appointed General Managers is expected to contribute significantly to BHEL's ongoing projects and future growth in the power sector.

Bharat Heavy Electricals Limited (BHEL), a leading engineering and manufacturing company, has received a significant show cause notice from the Goods and Services Tax (GST) authorities in Telangana. The notice, issued on September 18, 2025, covers a three-year period from fiscal year 2021-22 to 2023-24, with a total amount in question of ₹586.43 crore.

Breakdown of the Show Cause Notice

The GST show cause notice breaks down the amounts for each fiscal year as follows:

Details of the Notice

The notice was issued under Section 73 of the Central GST Act and Telangana GST Act, 2017 by the Assistant Commissioner (ST) of the Commercial Tax Department, Telangana. According to BHEL's disclosure, the authorities based their notice on the company's GST Annual Returns and Financial Statements.

BHEL's Response

In its communication to the stock exchanges, BHEL stated that the issues raised in the show cause notice appear to be generic in nature and seem 'not tenable.' The company is currently evaluating the issues to prepare a suitable reply to the GST authorities.

Financial Implications

BHEL has indicated that since the case is at the show cause notice stage and no order has been issued yet, the expected financial implications cannot be quantified at this time. The company will likely provide further updates as the situation develops.

Regulatory Compliance

The disclosure of this information by BHEL is in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to inform the stock exchanges about material events that may impact their operations or financial position.

As this matter unfolds, investors and stakeholders will be watching closely to see how BHEL addresses the concerns raised by the GST authorities and what impact, if any, this may have on the company's financial position in the coming months.