Change in Auditors

भारत हेवी इले(cid:304)(cid:387)(cid:332)क(cid:676) िलिमटेड Bharat Heavy Electricals Limited (भारत सरकार का उप(cid:354)म / A Government of India Undertaking) CIN: L74899DL1964GOI004281 From: Miriam Vandana, Sr. Manager (CS), BHEL, BHEL House, Siri Fort, New Delhi – 110049 To: 1. BSE Limited, Mumbai 2. Na(cid:415)onal Stock Exchange of India Ltd., Mumbai Sub: In(cid:415)ma(cid:415)on of Appointment of Auditors for FY 2026-27 Pursuant to Regula(cid:415)on 30 of SEBI (Lis(cid:415)ng Obliga(cid:415)ons & Disclosure Requirements) Regula(cid:415)ons, 2015, it is informed that the office of Comptroller & Auditor General of India has issued communica(cid:415)on No. CA. V/COY/ CENTRAL GOVERNMENT, BHEL (8) / 219 dated 08.09.2026 regarding appointment of Auditors of the Company u/s 139 (5) of the Companies Act, 2013 for the FY 2026-27, as per details below: - Joint Statutory Auditors 1. M/s K Venkatachalam Aiyer & Co, New Delhi 2. M/s K S Dua & Co, Haldwani Branch Auditors 1. M/s Sanjay Srivastava & Co, Bhopal 2. M/s Ganesan and Company, Chennai 3. M/s Y C R J & Associates, Bengaluru 4. M/s Sarath & Associates, Hyderabad 5. M/S Venkatram & Co LLP, Chennai (newly appointed from FY 2026-27) Brief profiles as submi(cid:425)ed by the aforemen(cid:415)oned newly appointed auditors for the FY 2026-27 are annexed. No. AA/SCY/SEs Date: 08.09.2026 (Miriam Vandana) Sr. Manager (CS) shareholderquery@bhel.in पंजीकृत काया(cid:330)लय : बीएचईएल हाउस, िसरी फोट(cid:330), नई िद(cid:671)ी - 110049 | फोन : 011-66337598 | ईमेल : contactus@bhel.in Registered Office: BHEL HOUSE, Siri Fort, New Delhi - 110049 | Phone: 011-66337598 | E-mail: contactus@bhel.in ~ www.bhel.com ~ BHELOfficial £t BHEL_lndia 0 BHEL_lndia ~ bhel.india (m company/bhel S. Venkatram & Co LLP Chartered accountants Contact us at: 218, TTK Road, Alwarpet Chennai - 600018. admin@svcollp.in Tel: 044-2499 2155 "We Go Beyond Auditing" We have a credible roster ABOUT S.VENKATRAM & CO LLP FIRM BACKGROUND of Professionals and a Founded in the year 1943 in Our Team satisfied client base. Kumbakonam, Tamil Nadu, M/s. S. The Firm has Ten (10) partners (9 FCA Venkatram & Co. LLP., is a Firm of partners and one ACA partner), Eleven Chartered Accountants spread (11) Chartered Accountants, Seven (7) across Tamil Nadu, Karnataka and lawyers and around 125 professional Andhra Pradesh. staff, all of whom are full-time. Since it's inception by it's founding The Partners and other professional partner Mr. S. Venkatraman, the staff come from diverse career Firm has grown steadily into a backgrounds bringing with them a multi-disciplinary practice. variety of experience and learning. Our team of well qualified and experienced professionals bring entrepreneurial energy to work together with shared values for greater standards of service with a high degree of professionalism and responsiveness. 4 Partners of Firm are DISA Qualified and our Professionals also hold certification in Ind AS, GST, FAFD, Concurrent Audit of Bank and FEMA from ICAI. Areas of expertise Over the past 70+ years, the firm has evolved from a small-town establishment into a well-recognized mid- sized chartered accountancy firm, serving a pan-India clientele. Backed by a team of elite professionals, we offer a comprehensive range of services, consistently upholding the highest standards of quality, integrity, and professionalism. Our growth is a testament to our unwavering commitment to excellence and our adaptability to the changing dynamics of the profession. Our key areas of practice include: AUDIT TAXATION • Statutory Audit • Direct Tax Advisory • Bank Audit • Transfer Pricing Advisory • Internal Audit • Indirect Tax Advisory • Concurrent Audit • Tax Litigations • Due Diligence • Tax Planning • Forensic Audit • Tax Compliance • Tax Audit Allied Services • Incorporation of Companies / LLP's • Register of Companies (ROC) Compliance • Regulations Accounting Related Services • Corporate & Transaction Advisory • Enterprise Risk Services • Management Consulting • Business Valuations • Mergers & Acquisitions • Investigation into Fraudulent Practices • IPO Listing Services • FEMA and RBI Advisory • Representation before Tax and Regulatory Authorities • Succession Planning and Family Business Advisory KEY HIGHLIGHTS Our Services The Firm has successfully represented in some very challenging litigations and dispute resolution matters involving complex issues of law. The Firm has a total clientele of about 2,500 which includes Indian Companies, Multinationals, Trans-nationals and Overseas Corporate Bodies. The names of the clients have not been furnished due to professional Auredasonis. The Firm is empanelled in India with the Comptroller and Auditor General of India (CAG), Securities Exchange Board of India (SEBI), Insurance Regulatory Development Authority of India (IRDAI) and the Reserve Bank of India (RBI) and in USA with the Public Company Accounting Oversight Board (PCAOB) since 2012. The Firm’s focus on maintaining a quality- driven culture is demonstrated by its continuous investment in learning and development. KEY HIGHLIGHTS The Firm adheres to the rigorous and scientific attitude of a professional service organization and at the same time endows to achieve its development goals and high- quality sustainable advancement associated with chartered accountant firms. The experience acquired by the Firm in its multi-disciplinary practice and by its extensive research resources have in turn helped it to equip itself to handle complex commercial transactions, which require diverse knowledge and skill in the field of accounting, auditing law and business strategy. The aim of the Firm is to provide value-added services to esteemed clients and in that regard, it remains dedicated to developing a host of comprehensive services that allows it to be a respected and skill/knowledge-based firm that will remain at the forefront of professional firms and meet clients’ diversified needs in today’s new era. The Firm has a client-centric service module available both at the origin and at destination while having a flexible and a transparent fee structure, which includes: • Delivery of services of the highest quality, which are capable of meeting the most exacting standards. • Solution-oriented and emphasizes on a practical understanding of issues to find solutions to address them. • While keeping abreast with the latest accounting and legal matters including interpretational issues, we recommend such practices only if they are supported by the prevailing statutory, legal and regulatory framework. • Extensive experience in dealing with a broad spectrum of regulators and a variety of regulatory issues • Provides timely communications to clients regarding professional developments, and insights regarding matters that may affect businesses. • High degree of Partner involvement and availability in all assignments. • Proactive in our approach and are available to our clients at all times. Ind AS Expertise • At S. Venkatram & Co., LLP, we bring deep expertise in the implementation, interpretation, and ongoing compliance of Indian Accounting Standards (Ind AS) across a wide range of industries. Our team has successfully supported clients through every phase of the Ind-AS journey from initial impact assessment and transition planning to post-implementation reviews and continuous advisory support. • Ind AS Transition Support – Assistance in first- time adoption (Ind AS 101), GAAP-to-Ind AS reconciliations, and preparation of opening balance sheets. • Advisory & Implementation – Guidance on accounting policies, exemptions, and complex issues under Ind AS 109, 115, 116, and 103. • Ind AS Financial Statements – Preparation and review of standalone and consolidated Ind AS- compliant financial statements. • Audit & Review – Conducting statutory audits and limited reviews under the Ind AS framework for listed and unlisted entities. Ind AS INDUSTRY Experience Our professionals have successful [Showing first 8,000 characters — download PDF for full document]