BEML Limited has announced the departure of two Independent Directors from its Board. Shri Vikas Kakatkar and Shri Siva Makutam have concluded their tenures effective from the closing hours of April 16, 2026. This transition follows the terms outlined in their original appointment order issued by the Government of India in April 2025.
Board Composition Changes
BEML Limited has formally confirmed that Shri Vikas Kakatkar and Shri Siva Makutam have ceased to serve as Independent Directors on the company’s Board. Their departure is effective as of the closing hours on April 16, 2026.
Basis for Departure
The conclusion of these directorships aligns with the specific terms stipulated in the appointment order, Ref No. 8(6)/2021-D (BEML), which was issued by the Government of India on April 17, 2025. With this development, the board structure at BEML undergoes a planned transition as per the mandate of the appointing authority.
Source: BSE
