BHARAT HEAVY ELECTRICALS LTD.

Bharat Heavy Electricals Ltd (BHEL) has announced the appointment of auditors for the Financial Year 2026-27. This intimation, made pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, follows a communication from the Comptroller & Auditor General of India. The company has appointed M/s K Venkatachalam Aiyer & Co and M/s K S Dua & Co as Joint Statutory Auditors. Additionally, M/s Sanjay Srivastava & Co, M/s Ganesan and Company, M/s Y C R J & Associates, M/s Sarath & Associates, and M/S Venkatram & Co LLP have been appointed as Branch Auditors. M/S Venkatram & Co LLP is a newly appointed auditor for FY 2026-27.

Bharat Heavy Electricals Ltd (BHEL) has been fined ₹11,03,300 by both BSE and NSE, totaling ₹22,06,600, for non-compliance with SEBI (LODR) Regulations, 2015 for the quarter ending June 2026. The non-compliances relate to the composition of the Board of Directors, Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee. Specifically, the company had fewer than 50% Non-executive/Independent Directors and lacked an independent woman director for part of the quarter. BHEL is seeking a waiver for these fines and is in regular communication with the Government of India for the appointment of requisite Independent Directors, as BHEL is a Government Company and directors are appointed by the Government.

Bharat Heavy Electricals Ltd (BHEL) has informed the stock exchanges about the superannuation of a senior management official. Shri Sumeet Salhotra, General Manager & Head (COC) at the Corporate Office in Noida, retired from the company's services on August 24, 2026. This change in senior management is a routine occurrence and is being disclosed as per SEBI regulations.

Life Insurance Corporation of India (LIC) has filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding its shareholding in Bharat Heavy Electricals Ltd (BHEL). The filing indicates a change in LIC's stake, with its shareholding (shares carrying voting rights) decreasing from 2.007% to 5.607% after an acquisition/sale. The total equity share capital of BHEL remains unchanged at ₹6,96,41,26,710.00. The transaction details, including the mode and date of acquisition/sale, are provided in the disclosure.

Bharat Heavy Electricals Limited (BHEL) has signed a Strategic Collaboration Agreement (SCA) with Norway-based Hystar AS to develop PEM Electrolyser Systems for Green Hydrogen projects. This international partnership aims for phased indigenization and local manufacturing of these systems in India. The collaboration strengthens BHEL's offering in the green hydrogen market, complementing its existing tie-up for alkaline electrolysers. It is expected to enhance BHEL's project execution capabilities for green hydrogen, contribute to the National Green Hydrogen Mission, and support the 'Make in India' initiative.

Bharat Heavy Electricals Limited (BHEL) has received an order from the Office of the Principal Commissioner of Customs, Chennai, imposing a fiscal penalty of ₹3,85,729. The penalty is part of a larger demand for payment of Customs Duty, Interest, Fine, and Penalty totaling ₹9,28,872, due to the wrong availment of Basic Customs Duty under HS Code 9026 instead of 9032. BHEL is currently assessing its right to appeal the order. The company has been directed to pay differential duty of ₹3,55,728.18, interest of ₹1,87,415.15, and the penalty/fine of ₹3,85,729.

Bharat Heavy Electricals Ltd (BHEL) has issued a clarification regarding recent online and social media circulation of news about its successful development of a 1200kV Transformer. BHEL stated that the testing of its 333 MVA 1150/400/33 kV single-phase auto Transformer was successfully completed in May 2011 and commissioned in January 2012. Additionally, the development of its 180 MVA/1200 kV Inhouse Testing Transformer and 500 MVA/765 kV Transformer occurred in 2011 and 2014, respectively. The company emphasized that this news is over a decade old and that BHEL has been a regular supplier of 765 kV Transformers and Reactors since 2014 and has been prepared for 1200 kV requirements since 2011.

Bharat Heavy Electricals Ltd (BHEL) has reported significant order inflows totaling ₹26,745 Crore for the first quarter of FY 2026-27. This includes ₹22,625 Crore from the Power sector, ₹1,767 Crore from Industry, and ₹2,353 Crore from Exports. The company highlights a record executable order book of ₹2,60,255 Crore, providing strong long-term revenue visibility. BHEL is positioning itself for a multi-year growth phase, driven by its expanding order book, improving profitability, and stronger cash generation. Key growth areas include nuclear, coal gasification, and green hydrogen, alongside diversifications in HVDC, defense, and rail mobility. Notable wins in Q1 FY27 include BHEL's largest-ever single export order for Gas Turbine Generator (GTG) packages and significant orders in thermal power, nuclear, transmission, and defense sectors.

Bharat Heavy Electricals Limited (BHEL) announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated financial statements in a meeting held on July 16, 2026. The results were accompanied by a limited review report from the auditors. The filing also noted that financial results for 19 branches were reviewed by branch auditors, contributing to the overall statement.

Bharat Heavy Electricals Ltd (BHEL) has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as per SEBI regulations. The report details the company's corporate identity, operational scope, and market reach. BHEL's business activities primarily include manufacturing of machinery and electrical equipment, and specialized construction activities, accounting for 90% of its turnover. The company operates on a standalone reporting basis and has undergone an assessment for BRSR core by S.R. Asia, obtaining reasonable assurance. BHEL serves a wide range of customers across government and private sectors, with exports contributing approximately 1.35% of its total turnover. The report also outlines the company's extensive operational footprint across India.