Governance Positive

2026-07-09 12:54

- Shri Shailesh Vagerwal has assumed charge as the Chairman & Managing Director (CMD) of Bharat Dynamics Limited (BDL). - The appointment is effective from July 09, 2026. - He brings nearly three decades of diverse experience in the defence manufacturing sector.

Governance Neutral

2026-07-03 13:14

- Shri U. Raja Babu, Government Nominee Director, ceased to be a Director of Bharat Dynamics Limited. - This is effective from July 01, 2026, due to his superannuation from DRDO on June 30, 2026.

Ownership Neutral

2026-06-29 11:44

- Intimation of Trading Window Closure for Insiders, Designated Persons, connected persons, and their immediate relatives. - The window will be closed from July 1, 2026, until 48 hours after the declaration of unaudited financial statements for the quarter ended June 30, 2026, as per SEBI (PIT) Regulations.

Business Update Positive

2026-06-24 13:25

- Order Win: Bharat Dynamics Limited (BDL) won an order from Hindustan Aeronautics Limited (HAL). - Order Value: ₹1347.71 crore (gross). - Details: Includes Helina Launchers & LRUs (₹1109.37 Cr) and CMDS LRUs (₹238.34 Cr). - Completion Timeline: To be executed in a span of 24-60 months.

Governance Neutral

2026-06-19 15:38

- Ministry of Defence approved the appointment of Shri Shailesh Vagerwal as Chairman & Managing Director (CMD) of BDL. - His tenure is till March 31, 2031, or until further orders, whichever is earlier. - The appointment is effective from the date he assumes charge.

Business Update Neutral

2026-06-08 13:37

- Concall Schedule - Bharat Dynamics Limited has scheduled three group meetings with Analysts / Institutional Investors on June 11, 2026: - 10:30 AM - 12:00 PM with Antique Institutional Equities (BDL Corporate office, Hyderabad) - 02:15 PM - 03:30 PM with Dam Capital Advisories Limited (Novotel Hotel, Hyderabad) - 06:00 PM - 07:30 PM with Citi Group Global Market Private Limited (Novotel Hotel, Hyderabad) - No unpublished price sensitive information will be shared in these meetings.

Governance Neutral

2026-06-01 11:19

Bharat Dynamics Limited announced that Cmde. Girish Raghunath Pradhan (Retd.), Executive Director, retired from his position on May 31, 2026, upon attaining the age of superannuation.

Governance Negative

2026-05-29 14:24

CRITICAL RED FLAG DETECTED

Bharat Dynamics Limited (BDL) has been fined Rs. 6,96,200/- each by BSE and NSE for non-compliance with SEBI 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 that director appointments vest with the President of India. The company will remain non-compliant until the Government appoints the requisite directors but states the fine has no financial or operational impact.

Financials Negative

2026-05-28 15:34

CRITICAL RED FLAG DETECTED

Standalone Revenue ₹488.62 Cr vs ₹548.56 Cr (▼10.93% YoY), EBITDA ₹57.96 Cr vs ₹27.31 Cr (▲112.24% YoY), PAT ₹113.18 Cr vs ₹72.92 Cr (▲55.21% YoY). EBITDA Margin 11.86% vs 4.98% (▲688bps). The Board also recommended a final dividend of ₹0.40 per share for the year ended 31 March 2026.

Financials Negative

2026-05-28 15:19

CRITICAL RED FLAG DETECTED

Standalone Revenue for FY26 was ₹2865.56 Cr vs ₹3695.45 Cr (▼22.46% YoY), EBITDA ₹335.20 Cr vs ₹522.87 Cr (▼35.90% YoY), PAT ₹420.34 Cr vs ₹549.65 Cr (▼23.49% YoY). EBITDA Margin contracted by 245bps to 11.70% from 14.15%. A Final Dividend of ₹0.40 per share was recommended. The company is non-compliant with SEBI LODR regulations regarding Board and Audit Committee composition due to a lack of Independent Directors.

Business Update Positive

2026-05-15 14:43

Bharat Dynamics Limited (BDL) announced the foundation stone laying by Hon'ble Raksha Mantri for its new Naval Systems Manufacturing Facility at T. Sirasapalli, AP. The ₹500 crore project, expected to be completed in four years, will focus on advanced underwater weapon systems for the Indian Navy. This expansion aims to boost indigenous defence manufacturing, enhance production capacity, and create approximately 3000 direct and indirect employment opportunities.

Governance Neutral

2026-04-30 19:29

Cmde. A. Madhavarao (Retd.) superannuated as Chairman and Managing Director of Bharat Dynamics Limited on April 30, 2026. Shri D. V. Srinivas Rao, Director (Technical), has been assigned the additional charge of CMD for a period of three months, effective from May 01, 2026, to July 31, 2026, or until a regular incumbent is appointed.

Business Update Positive

2026-04-25 11:40

Bharat Dynamics Limited achieved a major milestone, successfully productionizing and delivering India's first indigenous Wire Guided Heavy Weight Torpedo (WGHWT) to NSTL on April 23, 2026. This strengthens indigenous defence manufacturing under the Aatmanirbhar Bharat initiative.

Governance Neutral

2026-04-23 16:14

Shri Chetan Bansilal Kankariya, Part-time Non-Official Independent Director of Bharat Dynamics Limited, ceased his tenure effective 22 April 2026.

Governance Neutral

2026-04-22 10:13

Shri Chetan Bansilal Kankariya, Part-time Non-Official Independent Director of Bharat Dynamics Limited, has ceased to hold office effective February 22, 2026, upon the completion of his tenure.

Routine Neutral

2026-04-07 17:21

Bharat Dynamics Limited submitted a Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. It confirms securities received for dematerialization were mutilated, cancelled, and substituted in records as registered owner.

Routine Neutral

2026-04-01 12:20

New Filing detected. See link for details.

Ownership Neutral

2026-03-27 11:22

Bharat Dynamics Limited has announced the closure of its trading window for Insiders and Designated Persons from April 1, 2026, until 48 hours after the declaration of audited financial statements for the year ended March 31, 2026, as per SEBI Insider Trading Regulations.

Business Update Positive

2026-03-26 13:29

Bharat Dynamics Limited successfully completed the First-off Production Model of the Advanced Akash Weapon System with upgraded sub-systems, enhancing its performance. Deliveries to the Indian armed forces are expected to commence shortly.

Business Update Positive

2026-03-25 15:45

Bharat Dynamics is establishing two new manufacturing facilities in Ibrahimpatnam and Jhansi to boost capacity, develop new weapon systems, and enhance R&D. These facilities will help fulfill an order book of approximately Rs. 26,000 crore by FY2026-27.

Governance Neutral

2026-03-06 13:06

Cmde. Sujay Kapoor (Retd.) has assumed charge as Director (Production) on the Board of Bharat Dynamics Limited (BDL) with effect from March 06, 2026.

Governance Negative

2026-03-02 12:57

CRITICAL RED FLAG DETECTED

BSE and NSE imposed a fine of Rs. 5,42,800/- each on 27th February 2026 for non-compliance with SEBI LODR Regulation 17(1) regarding Board composition for Q3 FY26. BDL states it will remain non-compliant until the Government appoints Independent Directors.

Governance Neutral

2026-02-24 11:00

Bharat Dynamics Limited announced that Shri Jashwant Lal, Part-time Non-Official Independent Director, ceased to hold office from February 24, 2026, upon completion of his tenure as per SEBI (LODR) Regulations.

Governance Neutral

2026-02-11 20:24

The Ministry of Defence assigned Shri D. V. Srinivas Rao, Director (Technical), the additional charge of Director (Production) for three months from Jan 1, 2026, or until the regular incumbent (Cmde. Sujay Kapoor) joins. Intimation received on Feb 11, 2026.

Governance Neutral

2026-02-05 23:36

Bharat Dynamics Limited announced the Ministry of Defence approved the appointment of Cmde. Sujay Kapoor (Indian Navy) as Director (Production) on the Board for a period of five years, effective from his assumption of charge. The intimation was received on February 5, 2026.

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Bharat Dynamics Limited

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