BHEL Promotes 16 Senior Officials to Executive Director Positions

Bharat Heavy Electricals Limited (BHEL) has announced a major leadership restructuring with the promotion of 16 senior officials to Executive Director positions, effective December 10, 2025. The promotions were disclosed to stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Leadership Strengthening Initiative

The newly promoted Executive Directors represent senior management personnel positioned one level below the Board of Directors. Their appointments follow BHEL's established service rules and mark a significant expansion of the company's executive leadership team.

Promoted Executive Directors

The comprehensive list of promoted officials showcases the depth of experience within BHEL's talent pool:

Name	Years of Service	Date of Joining	Educational Qualification
K G Vijayalakshmi	37 Years	30/12/1987	B.Com, ICWA, CS
Arvind Kumar Gupta	34 Years	01-07-1991	BE
H Malathi	33 Years	28-07-1992	ICWA
Venkataraman	37 Years	01-09-1988	BE
Ranjan Kumar	35 Years	12-02-1990	BE, PG Diploma
Pradeep Kumar Upadhyay	33 Years	03/02/1992	BE, PG Diploma
Nishit Babyloni	33 Years	09-07-1992	BE, MBA, LLB
Sunil Diwakar	35 Years	08/08/1990	B.Tech
Gaurav Garg	35 Years	08/08/1990	BE
Sanjay Guha	14 Years	05-04-2011	BE
Uday Shankar	35 Years	09-08-1990	BE
Ajay Kumar	35 Years	09/08/1990	BE
Yatindra Mohan	34 Years	20-08-1991	BE
N Ramesh Kumar	35 Years	09/08/1990	BE, PG Diploma
Rizwan Faisal Siddiqui	36 Years	30/01/1989	BE, M.Tech

Experience and Qualifications

The promoted executives bring substantial experience to their new roles, with service periods ranging from 14 to 37 years. The majority of the appointees joined BHEL during the late 1980s and early 1990s, demonstrating the company's commitment to nurturing long-term talent development.

Educational qualifications among the new Executive Directors span various disciplines including engineering (BE, B.Tech), commerce (B.Com), professional certifications (ICWA, CS), and advanced degrees (MBA, M.Tech, LLB, PG Diploma). This diverse academic background reflects BHEL's multifaceted business operations across different sectors.

Regulatory Compliance

The announcement was made through official communication to both BSE Limited and National Stock Exchange of India Limited, ensuring full compliance with regulatory disclosure requirements. The promotion effective date of December 10, 2025, aligns with BHEL's structured approach to leadership transitions and succession planning within the government undertaking framework.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.25%	-3.30%	-4.65%	+11.55%	+13.83%	+747.16%

Bharat Heavy Electricals Limited (BHEL), a Government of India undertaking, has been fined by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for non-compliance with board composition regulations. The fines, totaling Rs 10.86 lakh, were imposed due to the company's failure to maintain the required number of independent directors on its board.

Regulatory Non-Compliance

BHEL received notices dated November 28, 2025, from both BSE and NSE, each imposing a fine of Rs 5,42,800 (inclusive of GST). The penalties were levied for non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015, which pertains to the composition of the Board of Directors.

Reason for Non-Compliance

The company failed to maintain the required 50% independent directors on its board for the quarter ending September 2025. As a result, BHEL's board composition fell short of the regulatory requirements set by the Securities and Exchange Board of India (SEBI).

BHEL's Response

In response to the fines, BHEL has stated its intention to seek a waiver of the penalties imposed by the stock exchanges. The company cited the following reasons for its non-compliance:

As a Government Company, BHEL's directors, including independent directors, are appointed by the Government of India.
BHEL has been regularly communicating with the Government of India regarding the appointment of the requisite number of independent directors.

Steps Towards Compliance

BHEL has assured stakeholders that it is actively working with the Government of India to ensure the appointment of the required number of independent directors. This step aims to bring the company into compliance with SEBI regulations and avoid future penalties.

Financial Impact

The total fine imposed on BHEL is significant, as detailed in the table below:

Exchange	Fine Amount (including GST)
BSE	Rs 5,42,800
NSE	Rs 5,42,800
Total	Rs 10,85,600

Implications for Investors

While BHEL is seeking a waiver of the fines, this incident highlights the importance of corporate governance and regulatory compliance for listed companies. Investors should monitor the situation closely, as the resolution of this issue may impact BHEL's governance structure and potentially its stock performance.

BHEL's management has emphasized its commitment to resolving the non-compliance issue promptly. The company's ability to secure the necessary appointments and maintain regulatory compliance will be crucial for its reputation and relationship with regulatory bodies going forward.