BEML LIMITED

CIN:L35202KA1964GOI001530

Government of India, Ministry of Defence

A Miniratna Category-1 Company

SUBSIDIARIES


Vignyan Industries Limited (CIN : U51101KA1963PLC001510)

Vignyan Industries Limited (VIL) is a Subsidiary Unit of BEML Limited. This Unit is a Steel Casting Foundry, which has a combined licensed production capacity of 5000 T Components produced in the range between 2.0 kgs to 2250 kgs, which include all grades of Carbon Steel, Alloy Steel and Manganese Steel. VIL specialises in churning out components for Earth Moving Machinery, Valves, Die Casting Machines, Ropeways, Automobiles and for Railways. Earlier VIL was a Captive Foundry to BEML alone and now it has extended its supplies to important customers like HMT, BHEL, KCPL, HML, Indian Railways and more importantly, VIL has diversified its production into Ductile Iron Castings.

Vision 

Transforming the organization to be a global leader in the manufacture and supply of Ferrous Castings primarily to the earth moving equipment industry and generally to all industries in the automotive sector.

Mission 

To manufacture and supply high quality Castings of high integrity and provide total metallurgical solutions to all our customers, with a thrust on profitability.

Board of Directors

Name Designation
SHRI B. R. VISWANATHA Nominee Director / Chairman of the Board
PROF. S. SADAGOPAN Independent Director
SHRI G. SUDHINDRA Independent Director
DR. S. VENKATESWARAN Independent Director
SHRI R. H. MURALIDHARA Nominee Director

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Annual Report

Company Policies

Information for Investors

Shareholding Pattern:

The latest Shareholding Pattern is as follows:

Category No. of Shares %age to Equity
BEML Limited 2,69,376 96.56
Public Shareholders 9,590 3.44
Total 2,78,966 100.00
Compliance with Corporate Governance:

The latest report is as follows:

Sl.No. Activity CG Guidelines Clause Status of compliance
with the CG guidelines
(Yes / No / NA)
Remarks
1 2 3 4 5
I. Board of Directors      
1. Composition of Board 3.1 Yes --
2. Non-Official Directors 3.1 Yes --
3. Part-time directors compensation and disclosures 3.2 Yes --
4. Number of Board meetings 3.3.1 Yes --
5. Review of compliance of laws 3.3.3 Yes --
6. Code of Conduct 3.4 Yes --
7. Risk management 3.6 Yes --
8. Training for new Board members 3.7 Yes --
II. Audit Committee      
9. Constitution of Audit Committee 4.1 Yes --
10. Audit Committee assigned due role 4.2 Yes --
11. Audit Committee vested adequate powers 4.3 Yes --
12. Meetings of Audit Committee 4.4 Yes --
13. Review of information by Audit Committee 4.5 Yes --
III. Remuneration Committee      
14. Constitution of remuneration Committee 5.1 Yes --
IV. Subsidiary Companies      
15. Board of subsidiary companies 6.1 NA --
16. Review of financial statements of subsidiary by Audit Committee 6.2 NA --
17. Review of performance of subsidiary by Board 6.3 NA --
V. Disclosures      
18. Transactions 7.1 Yes --
19. Accounting Standards 7.2.1 Yes --
20. Consolidated financial statements 7.2.3 NA --
21. Segment-wise profit and loss statement 7.2.4 NA --
22. Board Disclosures - Risk management 7.3 Yes --
23. Remuneration of directors 7.4 Yes --
24. Management Discussion and Analysis 7.5 Yes --
25. Disclosures by Senior management 7.5.2 Yes --
VI. Report and Compliance      
26. Report on Corporate Governance 8.1 Yes --
27. Compliance Certificate 8.2.1 Yes --
28. Chairman’s speech in AGM and annual report 8.2.2 Yes --
29. Holding of AGM, adoption of audited accounts and filing of adopted accounts with the Registrar of Companies within the stipulated time -- Yes --
30. Timely submission of Compliance report 8.3 Yes --
Annual General Meetings:

The three Annual General Meetings were held as under:-

Financial Year Date Time Venue
2016-2017 16.09.2017 1230 hrs Registered office at Tarikere
2015-2016 01.09.2016 1200 hrs Registered office at Tarikere
2014-2015 03.09.2015 1130 hrs Registered office at Tarikere

MoU Performance:
Year Composite Score Rating
2016-2017 40.61 Fair
2015-2016 32.26 Fair
2014-2015 3.76 Fair

Registered Office and Works

Mr. Srinivasulu Reddy S
Head - VIL
B.H.Road, 
Tarikere - 577228, 
Chikmagalur Dist., 
Karnataka, India.

+91 8261 222734/5
+91 8261 2223557
vil@beml.co.in