Unaudited Financial Results for the quarter ended 30 June 2026

Re S R BHARAT DYNAMICS LIMITED BHARAT DYNAMICS LIMITED (A Govt. of India Enterprise, Ministry of Defence) CIN :- L24292TG1970G0I001353 Corporate Office: - Plot No. 38-39, TSFC Building, Near ICICI Towers, Financial District, Nanakramguda, Hyderabad-500032 Registered Office: - Kanchanbagh, Hyderabad-500058 Tel: 040-23456145; Fax: 040-23456110 E-mail: investors@bdl-india.in; Website: https://bdl-india.in Ref: BDL/CS/2026/SE-38 Date: 14/08/2026 To, To, Compliance Department Compliance Department The National Stock Exchange of India Ltd BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Tower, Bandra-Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400051 Mumbai- 400001 Scrip Code / Symbol:541143 /BDL Sub: Unaudited Financial Results for the quarter ended 30.06.2026 —Reg 1. Pursuant to Regulations 33 of SEBI (LODR) Regulations, 2015, please find enclosed Unaudited Financial Results for quarter ended 30.06.2025 along with the Limited Review Report. The said results have been approved by the Board at its meeting held on 14 August 2026. 2. Arrangements have also been made to publish the extract of the financial results in a national daily (English) and Local daily (Telugu) and (Hindi) newspapers. 3. The Board meeting commenced at 11:00 AM and concluded at b4"~30PM. For Bharat Dynamics Limited N. Nagaraja Company Secretary Annexure Il ARG SEAIHE e 3 (TR FEE T3 T AT FAE, FAT— 4E00 oLl BHARAT DYNAMICS LIMITED (A Government of India Enterprise) Ministry of Defence Kanchanbagh, Hyderabad - 500 058. Corporate Office: Plot No.38-39, TSFC Building, Gachibowli, Financial District, Hyderabad-500032 (CIN: L24292TG1970GOI001353) E-mail:bdlcompsecy@bdl-india.in, Website:https://bdl-india.in, Ph: 040-23456145 Fax: 040-23456110 Statement of standalone unaudited financial results for the quarter ended 30th June 2026 Particulars 30.06. " 31032026 | 30062025 31.03.2026| (Unaudited) || {Refer note 4)_"_(Unaudited) (Audited) Revenue from operations i Salesfincome from operations 56,573.95 48,862.34 23,109.26 2,41,535.96 il Other operating income 650.08 (841.90) 1,683.64 2,643.22 Total Revenue from operations 57,224.03 48,020.44 24,792.90 2,44,179.18 2 |Other income 10,343.86 1191645 8,686.24 42,376.95 3 |Totalincome (1+2) 67,567.89 59,936.89 33,479.14 2,86,556.13 O EXPENSES ) (a) Cost of miaterials consumed 18,789.82 54,350.98 20,653.40 1,99,555.04 (b) Changes in inventories of finished goods and work-in-progress 8,950.10 (36,294.54) (14,730.02) (77,305.65) (c) Employee benefits expense 13,637.47 10,351.30 13,196.97 53,557.17 (d) Finance cost 63.77 66.79 69.62 338.72 (e) Depreciation and amortisation expense 2,024.97 1,984.62 1,766.14 7,592.86 (f) Other expenses 753871 14,088.33 10,209.72 46,035.97 Total expenses 51,004.84 44,547.48 31,165.83 2,29,774.11 5 |Profit (Loss) before exceptional items & tax (3-4) 16,563.05 15,389.41 2,313.31 56,782.02 6 |Exceptional items - - - - 7 |Profit/ (Loss) before tax (5+ 6) 16,563.05 15,389.41 2,313.31 56,782.02 8 |Tax expense (including deferred tax). 4,683.94 4,071.20 478.33 14,748.26 9 |Profit/(Loss) for the period (7 - 8) 11,879.11 11,318.21 1,834.98 42,033.76 10 |Other comprehensive income / (Loss) (net of tax) (170.62) (128.53) 381.48 46.06 11 |Total comprehensive income / (Loss) for the period (9+10) 11,708.49 11,189.68 2,216.46 42,079.82 o Paid-up equity share capital 18,328.12 18,328.12 18,328.12 18,328.12 (Face value of Z 5/- each) 13 |Other equity excluding revaluation reserves - - - 4,05,768.81 14__|{Earnings per share Basic and diluted (%) (not annualised) 3.24 3.09 0.50 1147 See accompanying notes to the financial results. The unaudited Financial results are prepared in accordance with applicable accounting standards i.e. Ind AS, as prescribed under section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 as amended. Ministry of Corporate Affairs (MCA) vide G.S.R. No. 463 (E) dated 5th June 2015 as amended vide notification No. 1/2/ 2014-CL-V dated 23 February 2018 has exempted the Government companies engaged in defence production from the requirement of Segment Reporting. A Final dividend of Z 0.40 per equity share of ¥ 5 each for the financial year 2025-26 has been recommended by the Board of Directors at the meeting held on 28 May 2026, in addition to Interim Dividend of ¥ 4.50 per equity share, subject to approval of the shareholders in the ensuing Annual General Meeting of the company. The figures of quarter ended 31 March 2026 are the balancing figures between the audited figures of the full financial year 31 March 2026 and the unaudited figures up to 31 December 2025. As required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (As amended), M/s Tej Raj & Pal, Chartered Accountants have conducted a limited review of the above financial results for the quarter and period ended 30 June 2026. Reconstitution of Audit Committee of the Board of Directors of the Company could not be completed following expiration of the tenure of Independent Directors, as requisite quorum as mandated under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 was not met. Since the Company is a government company, appointment and reappointment of directors fall under the purview of the Government of India, which is currently under process. Consequently, in the absence of a duly constituted Audit Committee, the Board of Directors have reviewed and approved the above statement of financial results at their meeting held on 14 August 2026. Inventories include ¥ 8327.07 lakh (Z 8327.07 lakh as of 31 March, 2026) which are non-moving for more than 5 years, procured by the company based on firm orders/LOIl that were subsequently short closed by the customer which is backed by advances of ¥ 36,234.42 lakhs received against these contracts. Although the company’s accounting policy requires provision for redundancy to be made in respect of inventory not moved for more than 5 years, no provision for redundancy were considered necessary, in view of advances received against these firm orders/LOI being in excess of the assets acquired including these inventories and expenditures incurred thereon. The Company has invested in Advanced Materials (Defence) Testing Foundation and Electronic Warfare (Defence) Testing Foundation which are not-for-profit companies registered under Section 8 of the Companies Act, 2013. These entities are not considered for preparation of consolidated financial statements as the company does not have rights to variable returns from its involvement, other than equity investment. The previous period figures have been regrouped and reclassified wherever necessary to make them comparable with current period figures. For and on behalf of Board of Directors Place : Hyderabad Shailesh Vagerwal Date: 14 August 2026 Chairman and Managing Director DIN: 11362136 TEJ RAJ & PAL Chartered Accountants INDEPENDENT AUDITORS' LIMITED REVIEW REPORT ON THE UNAUDITED STANDALONE FINANCIAL RESULTS OF BHARAT DYNAMICS LIMITED FOR THE QUARTER ENDED 30 JUNE 2026 PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (AS AMENDED) The Board of Directors, Bharat Dynamics Limited Hyderabad 1. We have reviewed the accompanying statement of unaudited standalone financial results for the quarter ended 30 June 2026 (‘the Statement’) of Bharat Dynamics Limited (‘the Company’), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations.and Disclosure Requirements) Regulations, 2015 (as amended) (‘the Listing Regulations’), including relevant circulars issued by the SEBI from time to time. The Statement, which, i the responsibility of the Company’s Management and approved by the Company's Board of Directors, has been prepared in accordancewith the [Showing first 8,000 characters — download PDF for full document]