Annual Report

Ref: CS/SE/62AGM/862 03.09.2026 National Stock Exchange of India Ltd. The BSE Limited Listing Compliance Department Listing Compliance Department Exchange Plaza, Bandra - Kurla Complex, P.J. Towers, 26th Floor, Bandra (East), Dalal Street, MUMBAI - 400 051 MUMBAI - 400 001 Symbol: BEML Scrip Code: 500048 Dear Sir / Madam, Sub: Annual Report for the Financial Year 2025-26. In pursuance to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the 62nd Annual Report of the Company for the Financial Year 2025-26, being sent to shareholders. The same is also available at the website of the Company at https://www.bemlindia.in/investors/. Thanking you, for BEML LIMITED Savitri Yadav Company Secretary & Compliance Officer ICSI Mem.: A21994 Place: Bangalore ಪ(cid:3187)(cid:3467)ನಕ(cid:3278)ೕ(cid:3588)Corporate Office: ’(cid:166)ೆ(cid:307)(cid:172)ೌ(cid:213)ಧ’, ೨೩/೧, ೪(cid:163)ೇಮುಖ(cid:205)ರ(cid:177)ೆ,(cid:195) ಸಂಪಂ(cid:278)(cid:170)ಾಮನಗರ, (cid:166)ೆಂಗಳ(cid:136)ರು - ೫೬೦೦೨೭.ದೂರ(cid:174)ಾ(cid:293)ಸಂ(cid:145)ೆ(cid:205) : +೯೧೮೦೨೨೨೨೩೦೬೫ (cid:165)ಾ(cid:205)ಕ(cid:213)(cid:249)ಂ(cid:145)ೆ(cid:205) : +೯೧೮೦೨೨೧೦೪೦೯೯ BEML Soudha, 23/1, 4th. Main, S R Nagar,Bangalore – 560027,Tel. +91 80 22963142/211, Fax. +91 80 22963142 cs@bemlltd.in @cmdbeml BEML LTD. CIN: L35202KA1964GOI001530, GST NO. 29AAACB8433D1ZU, www.bemlindia.in BEML LIMITED Annual Report 2025-26 VISION Become a market leader, as a diversified Company, supplying quality products and services to Defence & Aerospace, Mining & Construction and Rail & Metro and to emerge as a prominent international player. MISSION Ø Improve competitiveness through collaboration, strategic alliances and joint ventures. Ø Grow profitably by aggressively pursuing business and market opportunities in domestic and international markets. Ø Adoption of state-of-the-art technologies and bring in new products through Transfer of Technology and in-house R&D. Ø Continue in diversified growth in new products and markets. Ø Attract and retain people in a rewarding and inspiring environment by fostering creativity and innovation. Ø Offer technology and cost effective solutions. VALUES - BEML Focus on Customer and Stakeholder : Customer Delight by developing products & services is our primary focus. Value creation for all Stakeholders guides all our actions. I Innovation & Technology : Being a learning organisation, we leverage Innovation and Technology in all our work R Reliability & Quality : We build reliability and quality in our products, processes and people S Speed & Responsiveness : We are agile and respond to needs of all Stakeholders promptly Trust & Teamwork : Facilitate through integrity, trust, respect, transparency to become a socially responsible Corporate Citizen Principles of Transformation 'TCS': T Stands for Truth, Trust & Technology C Stands for Compassion, Creativity & Climate S Stands for Speed, Simplicity & Self-confidence Chairman’s Message Dear Shareholders, critical infrastructure, and create enduring value for society. It gives me immense pleasure to welcome you all to the 62nd Annual General Meeting of BEML Financial Year 2025–26 marks one of the most Limited. defining chapters in BEML's history. It was a year of setting new benchmarks—record revenue, Inspired by the national vision, your company an all-time high order book, unprecedented has aligned its growth strategy with India's long- investments in manufacturing capacity and term aspirations by accelerating indigenization, research & development, and strategic initiatives fostering innovation, and developing world-class that are shaping the Company's next era of products and technologies that will serve future growth. Together, these achievements reflect generations. As the world undergoes profound our commitment to innovation, technological geopolitical, technological, and industrial leadership, manufacturing excellence, and long- transformation, your company remains steadfast term value creation. in its mission to strengthen India's defence preparedness, modernize mobility, build critical Beyond our financial achievements, the year was infrastructure, and create sustainable value for defined by landmark milestones that reinforce all stakeholders. your company's role in shaping India's industrial and technological future. We successfully The world today stands at the crossroads of delivered transformational programmes that profound transformation. Nations are redefining exemplify indigenous engineering, advanced their industrial capabilities, strengthening manufacturing, and our unwavering commitment strategic self-reliance, accelerating technological to national priorities. innovation, and embracing sustainable growth. As India advances towards becoming a global The year 2025-26, was profound with global manufacturing and economic powerhouse, geopolitical instability and supply chain BEML is proud to be contributing to this national disruptions. Escalating conflicts and volatile trade journey by engineering solutions that strengthen dynamics placed severe strain on international defence preparedness, modernize mobility, build commerce. Rising input costs, reduced production volumes has compounded challenges, accelerating sustainability initiatives through leading to underutilized assets and fragile cash green manufacturing and renewable energy flows across sectors. Inflationary pressures, adoption. Together, these priorities will ensure particularly in energy and raw materials, eroded that your company continues to deliver value to margins, while extreme weather events disrupted its stakeholders while contributing meaningfully logistics and industrial output. Taken together, to national growth and global competitiveness. these factors created a turbulent environment In conclusion, 2025–26 was a year of global in which businesses worldwide struggled to volatility—marked by elections, trade disputes, maintain profitability and efficiency. Amidst inflationary pressures, and severe supply chain this turbulence, I am pleased to report that your disruptions—but your company’s resilience, Company delivered a standout performance strategic focus, and commitment to excellence through productivity improvement enhanced enabled it to deliver strong results and position output despite supply chain challenges. itself for sustainable growth. Thank you for your The significant achievement during the year continued trust and support. was the successful design, development, and I would like to take this opportunity to share the manufacture of India's first indigenous Vande key performance highlights of the year, along Bharat Sleeper Train, a defining milestone in the with the future outlook for the Company nation's journey towards self-reliance in next- generation rail mobility. The train was flagged off by the Hon'ble Prime Minister of India, in “The Year Passed” January 2026, marking a new chapter in India's modern transportation ecosystem. Performance Highlights: Looking ahead, we also laid the foundation for To begin with, I would like to acknowledge our ambitious Greenfield Rail Manufacturing the outstanding performance of our Defence Complex—BRAHMA—near Bhopal, Madhya Business Group, which accounted for 35% of Pradesh. The foundation stone was laid by the total sales in FY 2025-26 with the highest-ever Hon'ble Raksha Mantri, Shri Rajnath Singh. turnover for Defence business, reflecting a strong This state-of-the-art facility will significantly 38% year-on-year growth. strengthen your company's manufacturing The Mining & Construction (M&C) Business capabilities and position the Company to address Group remained a key contributor, generating emerging opportunities in high-speed rail, metro around 41% of our total sales during the year systems, and global mobility markets for decades 2025–26. Despite facing global challenges, to come. including delays in the receipt of domestic Employee wellness and safety programs, [Showing first 8,000 characters — download PDF for full document]