BEML Ltd. News

Business Responsibility and Sustainability Reporting (BRSR) of BEML Limited for FY 2023-24.

60th Annual Report of BEML Limited for FY 2023-24.

Closure of register of members and share transfer book for AGM is from 14.09.2024 to 20.09.2024.

Cut-off date for determining the eligibility of shareholders for Remote E-Voting/ E-Voting at AGM & payment of dividend is Friday, 13.09.2024.

We wish to inform that 60th AGM of the Company will be held on Friday, 20th September, 2024, at Hotel Shangri-La, Bangalore.

Markets increased on Wednesday. Zomato approved a deal with Paytm. Coal India pursued lithium acquisitions. Zen Technologies launched a QIP. BEML signed an MoU with the Indian Navy. IREDA considered raising funds. Welspun Enterprises, Alkem Laboratories, India Grid Trust, and Cyient also saw notable activities.

BEML inks MoU with Malaysia''s SMH RAIL Sdn. Bhd. to fulfil global demand for Rail & Metro.

BEML Ltd. and Indian Navy forge strategic partnership to develop advanced Marine application for Defence.

After a robust performance, 30 PSU stocks have entered the bear market, prompting mutual funds and FIIs to reduce stakes. Despite strong government reforms bolstering these stocks, experts indicate current valuations are high and a correction period may be necessary. PSUs with high capital efficiency may continue to attract investors.

The railway sector reported an average 16% drop in net profits and a 24% revenue decline for the quarter ending June 30, 2024. Ten out of thirteen companies saw decreased profits, and all experienced revenue declines. Stocks have fallen by up to 32% from their 52-week highs, raising concerns about performance.

BEML Ltd anticipated significant revenue from its rail, metro, and defence segments. It aimed to boost Vande Bharat and metro train exports by next year. Currently at 4%, BEML sought to push exports to 10% of revenue. The company had reorganized its operations to streamline growth and focused on profitability improvements.

Credit Rating

Information to investors

Financial Results for quarter ended 30.06.2024

Intimation of change in credit rating

During the June quarter, retail investors increased their holdings in PSU stocks while mutual funds and FIIs reduced theirs. Stocks like Bharat Electronics Ltd, HAL, and RITES saw higher retail ownership. Analysts noted potential overvaluation in some sectors but highlighted the overall reasonable valuation of PSUs, driven by strong earnings growth and government reforms.

Q1 Results Today 05 August: In the first quarter earnings season, 109 companies released their financial results. Bharti Airtel was projected to achieve Rs 38,488 crore in revenue for Q1 2024, showing a 2.6% annual rise. Estimated net profits varied between Rs 3,922 crore and Rs 2,068 crore, with challenges noted in the DTH sector and ARPU stabilization.

Union Railways Minister Ashwini Vaishnaw announced that the first Vande Bharat sleeper train is ready and undergoing tests. This train, designed for long-distance travel (700-1000 km), is being developed by BEML with plans to deliver 10 units by the end of FY 2024-25.

BEML LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/08/2024 ,inter alia, to consider and approve Intimation to Stock Exchange regarding the Board Meeting to be held on 05.08.2024 & 06.08.2024.

Railway, defence, and PSU stocks on BSE rose ahead of the Union Budget by the Finance Minister. RailTel up 3%, Cochin Shipyard and DCX Systems gained, while Titagarh Rail, Texmaco Rail mixed. PSU stocks: IRCTC, IRFC, OIL, GMDC, Mazagon Dock, Bharat Forge, LIC, BEML, NTPC, Gujarat Gas, RCF, NMDC Steel. Multibagger returns seen; MRPL declined 3.7%.

Sitharaman’s Budget focuses on capex sectors, defense indigenisation, renewable energy, and rail modernization. Sensex saw 5.7% average post-Budget returns. Best and worst Budget performances in 2021 and 2020. Strategic debt, private sector gains, and picks like UltraTech and NTPC are expected. Samir Arora sees continuity; Viability Gap Funding, and Infrastructure loan push capex.

Stock market analysts foresee potential volatility before the Union Budget, with Nifty expected to consolidate or face a deep correction. Traders advised to be cautious and maintain strict stop-loss strategies. Investors suggested to watch market movements closely and consider booking profits in specific stocks.

Rail stocks soared post interim Budget with Nirmala Sitharaman's increased allocations. RVNL doubled investments, raising market cap by Rs 1.6 lakh crore. Investors eye multibaggers. Analysts foresee gains from capex plans, high-speed rail, and safety upgrades.

Notice to Shareholder

Change in Management

Defence stocks are on fire with a Rs 1.8 lakh crore boom! Investors are eagerly awaiting the Budget for more incentives. Expectations are high for increased allocations and exciting growth prospects. Find out which stocks are the top picks for the big gains.

Apoointment of Ms. Urmi Chaudhury as Company Secretary and Compliance Officer

Compliance certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund

Dalal Street anticipates Finance Minister Nirmala Sitharaman to maintain the capex agenda and fiscal discipline. PSU stocks in railways and defence sectors lead with up to 77% returns in a month. Pre-Budget optimism propels PSU stocks to record highs, despite concerns over stretched valuations. The rally is driven by 'Modi stocks,' linked to capex and infrastructure sectors.

Railway stocks surged as Minister Ashwini Vaishnaw announced 12,500 new coaches, and RVNL partnered with Delhi Metro Rail. IRCON, BEML, Railtel, Texmaco Rail Engineering, and IRFC saw gains.

The NSE Nifty index was trading 52.66 points down at 24249.5

Revised Independent Auditors'' Report for FY 2023-24 based on C&AG Comments

Revised Independent Auditors'' Report for FY 2023-24 based on C&AG Comments

Intimation of loss of share certificate

Intimation for closure of trading window from 1st July, 2024.

Appointment of Shri Debi Prasad Satpathy as Director HR on the Board of BEML Limited

The NSE Nifty index closed 66.7 points up at 23465.6

​Mutual funds sold shares in several PSU stocks in May ahead of the June 4 outcome with GAIL (India), Punjab National Bank (PNB), Power Finance Corporation (PFC), NHPC and Indian Renewable Energy Development Agency (IREDA) witnessing complete exit by individual mutual funds.

Intimation of loss of share certificate under Regulation 39(3) of SEBI Listing Regulations, 2015