Bharat Heavy Electricals Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Bharat Heavy Electricals Limited
Symbol
BHEL
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Yes
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
No
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
23-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Not Applicable
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Details Of Non Compliance Of Board Composition
The Board of Directors has an appropriate mix of Functional Directors, Government Nominee Directors and Non-Executive Independent Directors. BHEL's Board structure consists of 16 (sixteen) directors comprising Chairman & Managing Director, 5 (five) Whole-time Directors (Functional Directors), 2 (two) Government Nominees and 8 (eight) Non-Executive Independent Directors (IDs). It is submitted that as on 31.03.2026, BHEL Board consists of 7 (seven) Non-IDs and 1 (One) ID. Based upon actual strength, there is a shortfall of 6 (Six) IDs on the Board of BHEL. The matter of filling up of these vacancies is under process at the end of Government of India.
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Notes On Affirmations Explanatory Text Block
BHEL has an approved Material Subsidiary policy. However, currently BHEL does not have any subsidiaries.
Disclosure Of Notes To Annexure1Explanatory Text Block
The Board of Directors has an appropriate mix of Functional Directors, Government Nominee Directors and Non-Executive Independent Directors. BHEL's Board structure consists of 16 (sixteen) directors comprising Chairman & Managing Director, 5 (five) Whole-time Directors (Functional Directors), 2 (two) Government Nominees and 8 (eight) Non-Executive Independent Directors (IDs). It is submitted that as on 31.03.2026, BHEL Board consists of 7 (seven) Non-IDs and 1 (one) ID. Based upon actual strength,there is a shortfall of 6 (six) IDs on the Board of BHEL. The composition of Audit Committee and Nomination & Remuneration Committee was in terms of SEBI (LODR) Regulations, 2015 up to 27.03.2026. On completion of tenure of two IDs on 27.03.2026, there is only 1 (one) ID on the Board of BHEL. The matter of filling up of these vacancies is under process at the end of Government of India.
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.bhel.com/annual-return
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.bhel.com/audio-or-video-recording-and-transcripts-post-earningsquarterly-calls-0
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.bhel.com/notice-announcement
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.bhel.com/dividend-distribution-policy-bhel-0
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.bhel.com/policy-determination-materiality-events-information
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://www.bhel.com/credit-rating-other-disclosure
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.bhel.com/business-profile
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.bhel.com/whistle-blower-policy
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.bhel.com/financial-information
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.bhel.com/policy-regard-related-party-transactions-0
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.bhel.com/policy-regard-related-party-transactions-0
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.bhel.com/distribution-shareholding-pattern
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.bhel.com/disclosure-under-regulation-46-sebi-lodr-regulations
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.bhel.com/disclosure-under-regulation-46-sebi-lodr-regulations
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://bhel.com/contact-details-key-managerial-personnel-authorized-determining-materiality-event-information
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.bhel.com/notice-announcement
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.bhel.com/sites/default/files/2025-12/MOA_AOA_BHEL_dec253012.pdf
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
https://www.bhel.com/conference-calls-notices https://www.bhel.com/conferences-calls-transcripts-supplementary-information
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.bhel.com/secretarial-compliance-report
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Yes
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Not Applicable
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE257A01026
Market Capitalisation As Per Immediate Previous Financial Year
Top 500 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
NOTLISTED
Name Of Signatory
Yogesh R Chhabra
Name Of Signatory Affirmations
Yogesh R Chhabra
Name Of Signatory For Annual Affirmations
Yogesh R Chhabra
Name Of Signatory For Quartely Affirmations
Yogesh R Chhabra
Name Of The Company
BHARAT HEAVY ELECTRICALS LIMITED
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Not Applicable
Place
New Delhi
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
During the quarter, there is NIL information related to disclosure of Loans/Guarantees/Comfort Letters/Securities etc.
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
BOO133
Scrip Code
500103
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Not Applicable
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
BHEL
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Not Applicable
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Yes
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit7
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit8
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit9
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

Disclosure Of Notes On Composition Of Board Of Directors Explanatory Text Block
1.Shri K S Murthy is Chairman cum Managing Director of BHEL w.e.f. 01-11-2023. 2. Shri Asit Gopal is appointed as Govt Nominee Director w.e.f. 03-02-2026. 5. Shri Ashok Kumar Aseri, Independent Director ceased to be Director on the Board of BHEL consequent to completion of his tenure on 27.03.2026. 6. Shri Aashish Chaturvedi, Independent Director ceased to be Director on the Board of BHEL consequent to completion of his tenure on 27.03.2026. 7. Shri Krishna Kumar Thakur, Director (HR) relinquished his charge from BHELs Board of Directors w.e.f. 19.03.2026 (F/N) consequent to his selection as Director (Personnel) in NMDC Limited. Accordingly, he ceased to be Director on the Board of BHEL w.e.f. 19.03.2026 (F/N). 8. Shri Tajinder Gupta, Director (Power), has been entrusted with the additional charge of the post of Director (HR) w.e.f. 19.03.2026 (F/N).
The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
No
Chairperson Related to MD / CEO
Yes
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Category 3Date of BirthDisqualifiedStatusSpecial ResolutionInitial AppointmentRe-appointmentCessationTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrK S Murthy******09184201Executive DirectorChairpersonMD14-Feb-1967NoActiveNot Applicable01-Nov-20231000
2MrAsit Gopal******08548124Non-Executive - Nominee DirectorNot Applicable01-Jul-1966NoActiveNot Applicable03-Feb-20264000
3MrVijay Mittal******09548096Non-Executive - Nominee DirectorNot Applicable02-Aug-1967NoActiveNot Applicable25-Mar-20222000
4MrRamesh Patlya Mawaskar******10194932Non-Executive - Independent DirectorNot Applicable06-Jul-1969NoActiveNot Applicable08-Jun-202308-Jun-202333.231122
5MrAshok Kumar Aseri******09405164Non-Executive - Independent DirectorNot Applicable01-Jun-1971NoActiveNot Applicable29-Mar-202529-Mar-202527-Mar-202603-Nov-20261121
6MrAashish Chaturvedi******00534621Non-Executive - Independent DirectorNot Applicable16-Nov-1977NoActiveNot Applicable29-Mar-202529-Mar-202527-Mar-202603-Nov-20261110
7MrKrishna Kumar Thakur******10172666Executive DirectorNot Applicable11-Nov-1973NoActiveNot Applicable04-Jul-202319-Mar-20261010
8MrTajinder Gupta******10327530Executive DirectorNot Applicable01-Mar-1967NoActiveNot Applicable20-Sep-20231010
9MsBani Varma******10337787Executive DirectorNot Applicable29-Dec-1967NoActiveNot Applicable09-Oct-20231010
10MrRajesh Kumar Dwivedi******10048893Executive DirectorNot Applicable19-Jan-1968NoActiveNot Applicable19-Jun-20241010
11MrS M Ramanathan******11084884Executive DirectorNot Applicable22-Jan-1967NoActiveNot Applicable30-Apr-20251000

Committee Disclosures

Entry CompComit100
Date of Appointment
09-Oct-2023
Entry CompComit101
Date of Appointment
19-Jun-2024
Entry CompComit102
Date of Appointment
17-May-2025
Entry CompComit103
Date of Appointment
23-Nov-2023
Entry CompComit104
Date of Appointment
26-Mar-2026
Entry CompComit122
Date of Appointment
02-Nov-2024
Entry CompComit123
Date of Appointment
04-Jul-2023
Date Of Cessation Of Director In Committee
19-Mar-2026
Entry CompComit124
Date of Appointment
19-Mar-2026
Entry CompComit125
Date of Appointment
19-Jun-2024
Entry CompComit14
Date of Appointment
13-Jul-2023
Entry CompComit15
Date of Appointment
29-Mar-2025
Date Of Cessation Of Director In Committee
27-Mar-2026
Entry CompComit16
Date of Appointment
01-Oct-2025
Date Of Cessation Of Director In Committee
27-Mar-2026
Entry CompComit41
Date of Appointment
13-Apr-2024
Entry CompComit42
Date of Appointment
25-Mar-2022
Entry CompComit43
Date of Appointment
29-Mar-2025
Date Of Cessation Of Director In Committee
27-Mar-2026
Entry CompComit68
Date of Appointment
29-Mar-2025
Date Of Cessation Of Director In Committee
27-Mar-2026
Entry CompComit69
Date of Appointment
13-Jul-2023
Entry CompComit70
Date of Appointment
02-Nov-2024
Date Of Cessation Of Director In Committee
19-Mar-2026
Entry CompComit71
Date of Appointment
19-Mar-2026
Entry CompComit72
Date of Appointment
09-Oct-2023
Entry CompComit73
Date of Appointment
17-May-2025
Entry CompComit95
Date of Appointment
01-Oct-2025
Entry CompComit96
Date of Appointment
29-Mar-2025
Date Of Cessation Of Director In Committee
27-Mar-2026
Entry CompComit97
Date of Appointment
28-Mar-2026
Entry CompComit98
Date of Appointment
04-Jul-2023
Date Of Cessation Of Director In Committee
19-Mar-2026
Entry CompComit99
Date of Appointment
20-Sep-2023
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
No
Composition Of Nomination And Remuneration Committee
No
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Details Of Non Compliance Of Composition Of Audit Committee
The composition of Audit Committee was in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 up to 27.03.2026. On completion of tenure of 2 (two) Independent Directors (IDs) on 27.03.2026, there is only 1 (one) ID on the Board of BHEL. The matter of filling up of these vacancies of Independent Directors is under process at the end of Government of India.
Details Of Non Compliance Of Composition Of Nomination And Remuneration Committee
The composition of Nomination and Remuneration Committee was in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 up to 27.03.2026. On completion of tenure of 2 (two) IDs on 27.03.2026, there is only 1 (one) Independent Director on the Board of BHEL. The matter of filling up of these vacancies of Independent Directors is under process at the end of Government of India.
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.bhel.com/composition-of-board-level-committees
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
Yes
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
No
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
No
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Risk Management Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
10194932
Member Name
Ramesh Patlya Mawaskar
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
09405164
Member Name
Ashok Kumar Aseri
Notes
Shri Ashok Kumar Aseri ceased to be member of Audit Committee consequent to completion of his tenure on 27.03.2026.
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00534621
Member Name
Aashish Chaturvedi
Notes
Shri Aashish Chaturvedi ceased to be member of Audit Committee consequent to completion of his tenure on 27.03.2026.
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
10194932
Member Name
Ramesh Patlya Mawaskar
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
10172666
Member Name
Krishna Kumar Thakur
Notes
Shri Krishna Kumar Thakur, Director (HR) ceased to be Director on the Board of BHEL w.e.f. 19.03.2026 (F/N).Consequently he ceased to be member of Corporate Social Responsibility Committee.
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
10327530
Member Name
Tajinder Gupta
Notes
Shri Tajinder Gupta, Director (Power), has been entrusted with the additional charge of the post of Director (HR) w.e.f. 19.03.2026 (F/N). Consequently, he became member of Corporate Social Responsibility Committee.
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
10048893
Member Name
Rajesh Kumar Dwivedi
Position
Executive Director

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
10194932
Member Name
Ramesh Patlya Mawaskar
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
09548096
Member Name
Vijay Mittal
Position
Non-Executive - Nominee Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
09405164
Member Name
Ashok Kumar Aseri
Notes
Shri Ashok Kumar Aseri ceased to be member of Nomination and Remuneration Committee consequent to completion of his tenure on 27.03.2026.
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Risk Management Committee

Additional Position
Member
Director DIN
10337787
Member Name
Bani Varma
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
10048893
Member Name
Rajesh Kumar Dwivedi
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
11084884
Member Name
S M Ramanathan
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
99999999
Member Name
Jitendra Das
Notes
Shri Jitendra Das is non-director member in Risk Management Committee.
Position
Chairman Risk Management Steering Committee

Risk Management Committee

Additional Position
Member
Director DIN
99999999
Member Name
Shyamala Venkataraman
Notes
Ms Shyamala Venkataramanhas been appointed as Chief Risk Officer w.e.f 26.03.2026.She is non-director memeber in Risk Management Committee. Ms Aruna Gulati was non-director member of the Committee up to 25.03.2026.
Position
Chief Risk Officer

Risk Management Committee

Additional Position
Chairperson
Director DIN
09548096
Member Name
Vijay Mittal
Position
Non-Executive - Nominee Director

Risk Management Committee

Additional Position
Member
Director DIN
00534621
Member Name
Aashish Chaturvedi
Notes
Shri Aashish Chaturvedi ceased to be member of Risk Management Committee consequent to completion of his tenure on 27.03.2026.
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
10194932
Member Name
Ramesh Patlya Mawaskar
Notes
Shri Ramesh Patlya Mawaskar is new member of Risk Management Committee w.e.f. 28-03-2026.
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
10172666
Member Name
Krishna Kumar Thakur
Notes
Shri Krishna Kumar Thakur, Director (HR) ceased to be Director on the Board of BHEL w.e.f. 19.03.2026 (F/N).Consequently he ceased to be member of Risk Management Committee.
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
10327530
Member Name
Tajinder Gupta
Notes
Shri Tajinder Gupta, Director (Power), has been entrusted with the additional charge of the post of Director (HR) w.e.f. 19.03.2026 (F/N).Consequently, he became member of Risk Management Committee.
Position
Executive Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
09405164
Member Name
Ashok Kumar Aseri
Notes
Shri Ashok Kumar Aseri ceased to be Chairperson of Stakeholders Relationship Committee consequent to completion of his tenure on 27.03.2026.
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
10194932
Member Name
Ramesh Patlya Mawaskar
Notes
Shri Ramesh Patlya Mawaskar was member of Stakeholders Relationship Committee from 13.07.2023 to 01.11.2024, chairperson from 02.11.2024 to 28.03.2025, member from 29.03.2025 to 27.03.2026 and thereafter became chairperson w.e.f. 28.03.2026.
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
10172666
Member Name
Krishna Kumar Thakur
Notes
Shri Krishna Kumar Thakur, Director (HR) ceased to be Director on the Board of BHEL w.e.f. 19.03.2026 (F/N). Consequently he ceased to be member of Stakeholders Relationship Committee.
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
10327530
Member Name
Tajinder Gupta
Notes
Shri Tajinder Gupta, Director (Power), has been entrusted with the additional charge of the post of Director (HR) w.e.f. 19.03.2026 (F/N). Consequently, he became member of Stakeholders Relationship Committee.
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
10337787
Member Name
Bani Varma
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
10048893
Member Name
Rajesh Kumar Dwivedi
Position
Executive Director

Stakeholders Relationship Committee

Stakeholders Relationship Committee

Entry MainD
Disclosure Of Notes On Meeting Of Committees Explanatory Text Block
Maximum gap between two consecutive meetings is coming as 14 days in row number 3 for Audit Committee which is auto calculated. The same may be considered as blank.
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
29-Oct-2025
Number Of Directors Present In Meeting Of Board Of Directors
10
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
10
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
19-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
81
Number Of Directors Present In Meeting Of Board Of Directors
10
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
10
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
04-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
15
Number Of Directors Present In Meeting Of Board Of Directors
11
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
11
Entry MeetingBOD4
Dates Of Meeting If Any In The Relevant Quarter
19-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
42
Number Of Directors Present In Meeting Of Board Of Directors
10
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
10
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Relevant Quarter
04-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Previous Quarter
14-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Previous Quarter
29-Oct-2025
Maximum Gap Between Any Two Consecutive Meetings
14
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
19-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
81
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Relevant Quarter
04-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
15
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit6
Dates Of Meeting Of The Committee In The Relevant Quarter
19-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
42
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit7
Dates Of Meeting Of The Committee In The Relevant Quarter
25-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
6
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
2
Total Number Of Directors As On Date Of The Meeting
7
Entry MeetingComit8
Dates Of Meeting Of The Committee In The Previous Quarter
29-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
5
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
5
Entry MeetingComit9
Dates Of Meeting Of The Committee In The Relevant Quarter
19-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
81
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
5
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
5
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
https://www.bhel.com/contact-details-investor-grievance-redressal
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.bhel.com/contact-details-investor-grievance-redressal
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
1
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
1
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Entry D_AcquisitionShares1
Percentage Of Shares Or Voting Rights Acquired During The Quarter
0
Entry I_AcquisitionShares_PY1
Percentage Of Aggregate Holding Of Shares Or Voting Rights
0.49
Entry I_AcquisitionShares1
Date Of Acquisition
23-Mar-2026
Name Of The Unlisted Company In Which Shares Or Voting Rights Have Been Acquired
Bharat Coal Gasification and Chemicals Limited (BCGCL)
Percentage Of Aggregate Holding Of Shares Or Voting Rights
0.49
Entry MainD
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Not Applicable
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
Yes
Entry I_OngoingTaxLitigationsOrDisputes1
Current Status
Case closed under Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Payable by Public Sector Undertaking Companies) Act, 2025.
Date of Initiation
15-Dec-2016
Opposing Party
Maharashtra Sales Tax Department
Status (Previous Disclosure)
Sales Tax Demand amounting to Rs. 99.37 Cr. against disallowance of Sale in course of Import benefit u/s. 5(2) of CST Act, Pending Concessional Forms, ITC disallowed, consequential Interest & Penalty. Appeal Order received in Dec'25, as per which liability reduced to Rs. 1.36 Cr. For balance liability of Rs. 1.36 Cr., settlement under Amensty Scheme has been applied, resulting in final payment of Rs. 0.29 Cr. for closure of the case.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
Hearing held on 20.01.2026, however case not yet decided.
Date of Initiation
15-May-2013
Opposing Party
Assistant Commissioner, Circle-A, Kota
Status (Previous Disclosure)
Sales Tax demand amounting to Rs. 44.58 Cr. on account of: 1. Inter-State Sales wrongly disallowed, 2. Turnover of other Mfg. Units treated as local sale & wrongly tax charged on the same. 3. Wrongly Tax charged on Turnover mentioned in WCT TDS certificate while the same was already considered in earlier Years. Appeal filed by Deptt. and pending before Rajasthan Tax Board, Ajmer. Last hearing held on 28.11.2024.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
Case heard by CESTAT, Allahabad, order reserved, still not issued by CESTAT.
Date of Initiation
23-Mar-2018
Opposing Party
Commissioner Central Excise & CGST, Noida
Status (Previous Disclosure)
Service Tax demand amounting to Rs. 31.55 Cr. on Freight and Insurance Income. Appeal filed by BHEL and pending before CESTAT, Allahabad.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
Appeal filed for FY 2021-22. For F.Y 2022-23, replies submitted and adjudication under process.
Date of Initiation
18-Sep-2025
Opposing Party
Asst. Commissioner (State Tax), Telangana
Status (Previous Disclosure)
A Show Cause Notice was issued by Tax Authorities for the financial years 2021-22 to 2023-24, involving an amount of Rs. 586 Cr. based on Books of Accounts and GST Returns. Out of three years, i.r.t. SCN for FY 2021-22, Adjudication has been completed and Demand dropped for an amount of Rs.183.77 Cr. out of Rs. 184.55 Cr. For the balance of Rs.0.78 Cr., an appeal shall be filed before Appellate Authorities. FY 2022-23 & 2023-24 will be taken up in similar way.
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
Adjudication has been completed and demand amounting to Rs. 54.83 Cr. dropped out of total demand of Rs. 65.75 Cr. For the balance demand of Rs.10.92 Cr., an appeal shall be filed before Appellate Authorities.
Date of Initiation
30-Sep-2025
Opposing Party
Additional Commissioner of Central Tax, Mysuru Audit
Status (Previous Disclosure)
Show Cause Notices issued by Tax Authorities subsequent to Audit of the FY 2019-20 to 2022-23. Total Amount involved is Rs.65.75 Cr. The Company is in the process of filing detailed reply with facts, figures and justification along with required evidences substantiating its tax position before the concerned authority within the prescribed timelines.
Entry MainD
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
Yes
Entry I_ImpositionOfFineOrPenalty1
Authority
Assistant Commissioner/GSTO, Delhi
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
01-Jan-2026
Financial / Operational Impact
Penalty imposed amounting to Rs. 1,24,386/-. The subject order is under rectification before the Authority.
Nature And Details Of The Action Taken Or Order Passed
Order In Original dt 31-12-2026 passed u/s. 73 of CGST Act 2017
Violation Details
ITC Disallowed in the cases where GST Registration of suppliers cancelled retrospectively or Nil Tax liabilities discharged by the suppliers, However BHEL has not claimed any ITC form the transaction of these parties.
Entry MainD
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
Yes