BEML : Unaudited Financial Results – 30.06.2023

Ref: CS/SE/Q-1/2023-24/367	11.08.2023
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: Outcome of the Board Meeting under Regulations 30 and 33 of the SEBI Listing Regulations, 2015

Ref: Our letter No. CS/SE/2023-24/364 dated 31.07.2023

Please find enclosed herewith statement of Standalone and Consolidated Unaudited Financial Results along with Limited Review Report for the first quarter ended 30.06.2023 in terms of Regulation 33 of the (Listing Obligations and Disclosure Requirements) Regulations, 2015. The said results have been considered and approved by the Board at its 397th meeting held on 11.08.2023. Arrangements have also been made to publish the extract of the results in a national daily (English) and local daily (Kannada) newspapers.

Further, M/s Manish Mishra & Associates, Practicing Company Secretaries, appointed as Secretarial Auditor of the Company w.e.f 11.08.2023 for the period of 3 years i.e. FY 2023- 24, FY 2024-25, and FY 2025-26.

Below is the brief profile of the Secretarial Auditor Firm:

Manish Mishra & Associates is a midsize partnership firm of Company Secretaries having three full time partners. It was established in 2015 by CS Manish Kumar Mishra. Manish Mishra & Associates, Company Secretaries is a Peer Reviewed Unit (Peer Review Cert. No. 3163/2003).

The firm has its head office in Lucknow, Uttar Pradesh and a branch office in Delhi which is being managed by CS Sukhmendra Kumar (Partner).

ಪ್ರಧಾನಕಚೇರಿ Corporate Office:

'ಬೆಮೆಲ್ಸೌಧ', ೨೩/೧, ೪ನೇಮುಖ್ಯರಸ್ತೆ, ಸಂಪ್ಂಗಿರಾಮನಗರ, ಬೆಂಗಳೂರು - ೫೬೦೦೨೭.ದೂರವಾಣಿಸಂಖ್ಯಯ: +೯೧೮೦೨೨೨೨೩೦೬೫

ಫ್ಾಯಕೌೌಂಖ್ಯಯ : +೯೧೮೦೨೨೧೦೪೦೯೯

BEML Soudha, 23/1, 4th. Main, S R Nagar,Bangalore - 560027,Tel. [phone], Fax. [phone]

e-mail:[e-mail]@cmdbeml @BEMLHQ

CIN:L35202KA1964GOI001530, GST NO. 29AAACB8433D1ZU

www.bemlindia.in

The firm has a decent experience in rendering compliance management, due diligence, consulting and advisory services to its clients. The firm also has a decent experience in conducting Secretarial Audits of PSUs, NBFC & other companies.

Meeting of the Board of Director commenced at 10:30 AM and Concluded at 02:05 PM.

Please bring this to the notice of all concerned.

Yours faithfully

For BEML LIMITED

Digitally signed

Jai Gopalby Jai Gopal

Mahajan

Mahajan Date: 2023.08.11 14:10:38 +05'30'

Jai Gopal Mahajan

Company Secretary & Compliance Officer

Encl: As above

ಪ್ರಧಾನಕಚೇರಿ Corporate Office:

'ಬೆಮೆಲ್ಸೌಧ', ೨೩/೧, ೪ನೇಮುಖ್ಯರಸ್ತೆ, ಸಂಪ್ಂಗಿರಾಮನಗರ, ಬೆಂಗಳೂರು - ೫೬೦೦೨೭.ದೂರವಾಣಿಸಂಖ್ಯಯ: +೯೧೮೦೨೨೨೨೩೦೬೫

ಫ್ಾಯಕೌೌಂಖ್ಯಯ : +೯೧೮೦೨೨೧೦೪೦೯೯

BEML Soudha, 23/1, 4th. Main, S R Nagar,Bangalore - 560027,Tel. [phone], Fax. [phone]

e-mail:[e-mail]@cmdbeml @BEMLHQ

CIN:L35202KA1964GOI001530, GST NO. 29AAACB8433D1ZU

www.bemlindia.in

Independent Auditor's Limited Review Report on Unaudited Standalone Financial Results of BEML Limited pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) for the Quarter/Period ended 30th June 2023

TO THE BOARD OF DIRECTORS OF BEML LIMITED

1. We have reviewed the accompanying statement of unaudited standalone financial results of BEML Limited ("the company") for the Quarter/Period ended 30th June 2023 ("the statements") being prepared and submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) including relevant circulars issued by the SEBI from time to time.
2. This statement, which is the responsibility of the Company's Management approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, as amended, read with the relevant rules issued there under and other recognized accounting practices and policies generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
   Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of
   India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended including the manner in which it is to be disclosed, or that it contains any material misstatement.