541143

Bharat Dynamics Limited (BDL) has been fined Rs. 6,96,200/- each by BSE and NSE for non-compliance with SEBI LODR Regulations 17(1), 18, and 19 regarding the appointment of Independent Directors for the quarter ended March 31, 2026. BDL will seek a waiver, stating the authority for director appointments vests with the President of India through the Ministry of Defence. The company will remain non-compliant until the Government appoints the requisite directors, but states the fine has no impact on its financial or operational activities.

Standalone Revenue ₹480.20Cr vs ₹1,776.98Cr (▼72.9% YoY), EBITDA ₹55.25Cr vs ₹399.03Cr (▼86.1% YoY), PAT ₹113.18Cr vs ₹272.77Cr (▼58.5% YoY). EBITDA Margin 11.50% vs 22.45% (▼1095bps). The Board recommended a final dividend of ₹0.40 per share for the year ended 31 March 2026.

Standalone Revenue ₹480.20Cr vs ₹1,776.98Cr (▼73.0% YoY), EBITDA ₹55.24Cr vs ₹299.97Cr (▼81.6% YoY), PAT ₹113.18Cr vs ₹272.77Cr (▼58.5% YoY). EBITDA Margin 11.5% vs 16.9% (▼539bps). The Board recommended a Final Dividend of ₹0.40 per share. The company reported a significant governance non-compliance, with the Board lacking requisite Independent Directors, resulting in the suspension of the Audit Committee and other committees.

Bharat Dynamics Limited reported Standalone Revenue of ₹480.20 Cr vs ₹1,776.98 Cr (▼72.9% YoY), EBITDA of ₹55.24 Cr vs ₹299.97 Cr (▼81.6% YoY), and PAT of ₹113.18 Cr vs ₹272.77 Cr (▼58.5% YoY) for the quarter ended 31 March 2026. EBITDA Margin contracted by 538bps from 16.9% to 11.5%. The Board recommended a final dividend of ₹0.40 per share. The company noted non-compliance with SEBI LODR Regulations regarding the composition of its Board of Directors and Audit Committee due to the non-availability of required Independent Directors, leading to the suspension of the Audit Committee.