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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: Dr. Yogesh R Chhabra, Company Secretary, 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: Business Responsibility & Sustainability Report for FY 2025-26 Pursuant to Regulation 34 (2)(f) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed copy of the Business Responsibility and Sustainability Report of BHEL for the financial year 2025-26. No. AA/SCY/AGM 62 Date: 10.07.2026 (Dr. Yogesh R Chhabra) Company Secretary 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 Board Report Annexure-V to the Board's Report Business Responsibility & Sustainability Report SECTION A: GENERAL DISCLOSURES I. Details of the listed entity 1. Corporate Identity Number (CIN) of the Listed Entity L74899DL1964GOI004281 2. Name of the Listed Entity BHARAT HEAVY ELECTRICALS LIMITED 3. Date of incorporation 13 November 1964 4. Registered office address BHEL House, Siri Fort, New Delhi – 110049 5. Corporate address BHEL House, Siri Fort, New Delhi – 110049 6. E-mail shareholderquery@bhel.in 7. Telephone 011-66337598 8. Website www.bhel.com 9. Financial year for which reporting is being done FY 2025-26 10. Name of the Stock Exchange(s) where shares are BSE LIMITED (BSE) AND NATIONAL STOCK EXCHANGE OF listed INDIA LIMITED (NSE) 11. Paid-up Capital D696.41 Crore 12. Name and contact details (telephone, email address) Ravi Prakash Singh (Sr. DGM– Corporate Strategic of the person who may be contacted in case of any Management), queries on the BRSR report email: ravips@bhel.in, Phone: 011-66337392 13. Reporting boundary-Are the disclosures under this Standalone basis report made on a standalone basis (i.e. only for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together) 14. Whether the company has undertaken assessment or Yes, certificate enclosed assurance of the BRSR core 15. Name of assessment or assurance provider S.R. Asia 16. Type of assessment or assurance obtained Reasonable assurance II. Products/services 17. Details of business activities (accounting for 90% of the turnover): S. No. Description of Main Activity Description of Business Activity % of Turnover of the entity 1 Manufacturing Manufacture of machinery and equipment n.e.c. 57% 2 Manufacturing Manufacture of electrical equipment 27% 3 Construction Specialised construction activities 16% ANNUAL REPORT 2025-26 95 18. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover): S. No. Product/Service NIC % of total contributed Code turnover 1. Manufacture of steam or other vapour generating boilers and hot water boilers 25131 32% other than central heating boilers 2. Construction and maintenance of power plants 42201 20% 3. Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 28110 16% 4. Manufacture of electric power distribution transformers, arc-welding transformers, 27102 9% fluorescent ballasts, transmission and distribution voltage regulators 5. Manufacture of electricity distribution and control apparatus (electrical apparatus 27104 8% for switching or protecting electrical circuits (e.g. switches, fuses, voltage limiters, surge suppressors, junction boxes etc.) for a voltage exceeding 1000 volts; similar apparatus (including relays, sockets etc.) for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors.) 6. Manufacture of electric motors (except internal combustion engine starting 27103 3% motors) 7. Construction/erection and maintenance of power, telecommunication and 42202 3% transmission lines NIC Code list link: https://www.ncs.gov.in/Documents/NIC_Sector.pdf III. Operations 19. Number of locations where plants and/or operations/offices of the entity are situated: (Status as on March 31, 2026) Location Number of plants Number of offices Total National 16 29 45 International 0 0 0 The company has 16 manufacturing units (or plants), 2 repair units, 4 regional offices, 8 service centres, and 15 regional marketing centres. For plant names and their locations, refer ‘Pan India Presence’. 20. Markets served by the entity: a. Number of locations Locations Number National (No. of States) 28 (States), 8 (Union Territories) International (No. of Countries) 94 b. What is the contribution of exports as a percentage of the total turnover of the entity? Exports contribute to ~ 1.35 % of total turnover (Revenue from Operations) c. A brief on types of customers BHEL customers span across Government, Government ministries, Government-owned entities, Semi-Government agencies, CPSEs, State PSUs, State electricity boards, Independent Power Producers (IPP) and Private companies. 96 Bharat Heavy Electricals Limited Board Report IV. Employees Definition of ‘Employees’, ‘workers’, ‘permanent employee’, ‘permanent worker’, ‘employee other than permanent’ and ‘worker other than permanent’ is in line with “Guidance note for business responsibility and sustainability reporting format”. As per the interpretation of the definition, ‘Employees’ include ‘Employees’ as well as ‘Workers’ in ‘Permanent’ and ‘other than Permanent’ category in below data points. 21. Details as at the end of Financial Year: a. Employees and workers (including differently abled): S. Particulars Total Male Female No. (A) No. (B) % (B/A) No. (C) % (C / A) EMPLOYEES 1. Permanent (D) 27284 25693 94.17% 1591 5.83% 2. Other than Permanent (E) * 22740 20673 90.91% 2067 9.09% 3. Total employees (D + E) 50024 46366 92.69% 3658 7.31% WORKERS 4. Permanent (F) 12500 12200 97.60% 300 2.40% 5. Other than Permanent (G)* 22581 20524 90.89% 2057 9.11% 6. Total workers (F + G) 35081 32724 93.28% 2357 6.72% b. Differently abled Employees and workers: S. No. Particulars Total Male Female (A) No. (B) % (B/A) No. (C) % (C / A) DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) 816 792 97.06% 24 2.94% 2. Other than Permanent (E)* 72 55 76.39% 17 23.61% 3. Total employees (D + E) 888 847 95.38% 41 4.62% DIFFERENTLY ABLED WORKERS 4. Permanent (F) 343 340 99.13% 3 0.87% 5. Other t han Permanent (G)* 72 55 76.39% 17 23.61% 6. Total workers (F + G) 415 395 95.18% 20 4.82% *BHEL awards job/ works contracts to contractors at its various Units/ Divisions/ Departments/ Sites as per organizational needs. The number of workers with contractors varies from time to time. 22. Participation/ Inclusion/ Representation of women (Status as on March 31, 2026). Total (A) No. and percentage of Females No. (B) % (B/A) Board of Directors 8 1 12.50% Key Management Personnel (KMP) 6 1 16.67% 23. Turnover rate for permanent employees and workers Turnover rate for the year is defined as ‘Number of persons who have left the employment of the entity in the year*100/ Average number of persons employed in the category’. ANNUAL REPORT 2025-26 97 Category FY 2025-26 FY 2024-25 FY 2023-24 Male Female Total Male Female Total Male Female Total Permanent 3.05% 3.90% 3.10% 3.60% 4.76% 3.67% 3.34% 4.59% 3.42% employees Permanent workers 2.52% 4.67% 2.58% 2.73% 3.30% 2.75% 2.55% 4.43% 2.60% V. Holding, Subsidiary and Associate Companies (including joint ventures) 24. (a) Names of holding / subsidiary / associate companies / joint ventures S. Name of the holding / Indicate whether % of shares Does the entity indicated at column A, No. subsidiary/ associate Holding/ Subsidiary/ held by [Showing first 8,000 characters — download PDF for full document]