Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

BEML LIMITED

Meeting Details

The 62nd Annual General Meeting of BEML Limited was held on 29th September 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM) from 11:30 A.M to 12:55 P.M.

Proposed Resolutions and Implications

The AGM considered 12 resolutions covering both ordinary and special business:

Ordinary Business (Resolutions 1-5):

1. Adoption of Audited Financial Statements (Standalone and Consolidated) for FY ended 31st March 2026

2. Declaration of Final Dividend on equity shares for financial year 2025-26

3. Reappointment of Shri Shantanu Roy (DIN: 10053283) as Director retiring by rotation

4. Reappointment of Shri Rajeev Kumar Gupta (DIN: 10803828) as Director retiring by rotation

5. Fixation of remuneration of Statutory Auditors for FY 2026-27

Special Business (Resolutions 6-12):

6. Ratification of remuneration to Cost Auditors for FY 2026-27

7. Appointment of M/s. M P Sanghavi & Associates LLP as Secretarial Auditors

8. Appointment of Shri Sachin Dighde (DIN: 11306396) as Director (Defence Business)

9. Appointment of Shri Dinesh Mahur (DIN: 10862645) as Government Nominee Director

10. Appointment of Smt. Promila Kundara (DIN: 11904770) as Independent Director

11. Appointment of Shri Shankar Lal Agrawal (DIN: 11899309) as Independent Director

12. Appointment of Shri Karunakaran Nambiar K. (DIN: 09511983) as Independent Director

Voting Process and Methods

The voting process included:

  • Remote e-voting was open from Friday, 25 September 2026 at 9:00 a.m. to Monday, 28th September 2026 at 5.00 p.m.
  • Electronic voting system was provided at the AGM for shareholders who had not voted through remote e-voting
  • Cut-off date for determining voting eligibility was 22nd September 2026
  • E-voting services were provided by Central Depository Services (India) Limited (CDSL)
  • Remote e-voting and E-voting at AGM was unblocked after conclusion of AGM on 29th September 2026 at 1:30 P.M.

Key Voting Outcomes

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,25,06,349 (95.70%)
  • Votes against: 28,09,560 (4.30%)

Resolution 2 - Dividend Declaration:

  • Total votes cast: 6,53,17,354
  • Votes in favor: 6,27,36,127 (96.05%)
  • Votes against: 25,81,227 (3.95%)

Resolution 3 - Reappointment of Shantanu Roy:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,25,22,230 (95.72%)
  • Votes against: 27,93,679 (4.28%)

Resolution 4 - Reappointment of Rajeev Kumar Gupta:

  • Total votes cast: 4,53,15,803
  • Votes in favor: 4,10,50,006 (90.56%)
  • Votes against: 42,65,797 (9.44%)

Resolution 5 - Statutory Auditors Remuneration:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,53,15,354 (100.00%)
  • Votes against: 555 (0.00%)

Resolution 6 - Cost Auditors Remuneration:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,27,34,399 (96.05%)
  • Votes against: 25,81,510 (3.95%)

Resolution 7 - Secretarial Auditors Appointment:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,53,14,727 (100.00%)
  • Votes against: 1,182 (0.00%)

Resolution 8 - Sachin Dighde Appointment:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,03,26,407 (92.36%)
  • Votes against: 49,89,502 (7.64%)

Resolution 9 - Dinesh Mahur Appointment:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 5,89,34,671 (90.23%)
  • Votes against: 63,81,238 (9.77%)

Resolution 10 - Promila Kundara Appointment:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,05,94,764 (92.77%)
  • Votes against: 47,21,145 (7.23%)

Resolution 11 - Shankar Lal Agrawal Appointment:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,05,94,754 (92.77%)
  • Votes against: 47,21,155 (7.23%)

Resolution 12 - Karunakaran Nambiar Appointment:

  • Total votes cast: 6,53,15,909
  • Votes in favor: 6,25,05,080 (95.70%)
  • Votes against: 28,10,829 (4.30%)

Participation Breakdown

Voting participation included both remote e-voting and electronic voting at the AGM, with detailed member count and vote breakdowns provided for each resolution category.

Scrutinizer's Role and Findings

M/s. M.P Sanghavi & Associates LLP, represented by Partner CS Pushpal Ramesh Sanghavi, was appointed as scrutinizer. Their responsibilities included:

  • Scrutinizing remote e-voting and voting through electronic means
  • Ascertaining requisite majority for resolutions
  • Preparing consolidated scrutinizer's report in Form No. MGT-13

The scrutinizer confirmed that all resolutions were passed with requisite majority and handed over relevant records to the Company Secretary.

Compliance Confirmation

The voting process complied with:

  • Section 108 & 109 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI Listing Regulations 2015
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/164 dated 24th September 2025
  • MCA General Circular No. 03/2025 dated 22nd September 2025

Witnesses

Vote unblocking was witnessed by:

1. Mr. Sarthak Vishe

2. Ms. Dhara Haria

Both witnesses were not employees of the company and resided in Mumbai.