Bharat Heavy Electricals Announces 62nd AGM; Re-appoint Directors, Declares Dividend for FY 2025-26

Bharat Heavy Electricals Announces 62nd AGM; Re-appoint Directors, Declares Dividend for FY 2025-26​

Bharat Heavy Electricals Ltd (BHEL) announced that its members will attend the 62nd Annual General Meeting (AGM) on Wednesday, August 5, 2026. The meeting is scheduled at 10 A.M. IST and will be conducted via Video Conferencing/Other Audio-Visual Means.

The AGM agenda includes the adoption of financial statements for the financial year ended March 31, 2026, approval and declaration of a dividend for FY 2025-26, and several appointments and re-appointments.

One of the key resolutions is the declaration of a final dividend of 70% on the Paid-up Equity Share Capital of the Company for FY 2025-26. This translates to Rs. 1.40 per share out of Rs. 2/- each. The company set July 17, 2026, as the Record Date for dividend entitlement, with payment scheduled on or before September 3, 2026.

Director Appointments and Re-appointments​

The AGM is scheduled to address several directorial appointments. Ms. Nigar Fatima Husain (DIN: 11688785) will be appointed as a Director of the Company.

Furthermore, two long-serving directors are proposed for re-appointment: Shri Rajesh Kumar Dwivedi and Shri Serugulathur Mahadevan Ramanathan.

Details regarding the appointees include:


Shri Dwivedi is set to retire by rotation with a tenure extending up to January 31, 2028. Shri Ramanathan's retirement by rotation is scheduled for January 31, 2027. Both directors are eligible and offered themselves for re-appointment at the AGM.

Audit and Financial Matters​

The meeting will include the ratification of remuneration for Cost Auditors for FY 2026-27. The Board had previously approved names for eight Cost Accountants/Firms for this purpose, with a total recommended remuneration set at Rs. 17,36,000. These fees are exclusive of applicable taxes and out-of-pocket expenses, which must be paid extra.

The ratified appointments include:

Shareholder Communication and E-voting​

The company provided comprehensive guidance regarding the deduction of Tax at Source (TDS) on the final dividend. The TDS rate is required to be deducted as per the Income Tax Act, 2025, which varies based on the residential status and category of the shareholder.

Residents with a valid PAN are subject to a TDS rate of 10%, while those without proper documentation face a 20% deduction. Specific provisions for zero or nil TDS were also communicated, including limits on dividend income for resident individual shareholders (up to Rs. 10,000/-) and submission of specific exemption certificates.

The remote e-voting period is scheduled from Sunday, August 2, 2026, at 9:00 A.M. and concludes on Tuesday, August 4, 2026, at 5:00 P.M. All voting rights are calculated based on the paid-up equity share capital as of the cutoff date, July 29, 2026.

Summary of Executive Experience​

Shri Rajesh Kumar Dwivedi possesses thirty-four years of experience across BHEL operations, focusing on Business Strategy, Financial Management, and Corporate Governance. Shri Serugulathur Mahadevan Ramanathan has thirty-eight years of diverse experience in Engineering, Design, R&D, Strategic Management, and Operations across BHEL's manufacturing units.

BHEL Stock Price Movement​

Shares of Bharat Heavy Electricals Limited are riding a bullish trend, edging higher to ₹390.55 as the stock gains 2.35% in live trading as of 12:09 PM. The equity has seen steady activity with a traded volume of 5.40 million shares so far.