Bharat Heavy Electricals Limited — Others, 23-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Bharat Heavy Electricals Limited (BHEL) has received a ruling from the Kigali Court of Appeal in Rwanda, which disallows certain expenses related to offshore income. This decision affects the company's financial exposure, amounting to approximately RWF 272.51 crore (INR 17.22 crore) for FY 2024-25. Additionally, a penalty of RWF 49.27 crore (INR 3.11 crore) has been imposed. BHEL is currently evaluating legal options in response to this order. Investors should be cautious, as this development could indicate financial strain, posing potential risks to shareholder value.