Bengaluru: Bharat Dynamics Limited (BDL) has appointed Ankush Munjal, Vandana Agarwal and Pankaj Joshi as Part-Time Non-Official Independent Directors on its Board for a period of three years.
The appointments are effective from August 17, 2026, or until further orders, whichever is earlier. The appointments were approved by the Ministry of Defence, Department of Defence Production.
BDL Appoints Three New Independent Directors
The appointments were made following an Office Memorandum issued by the Ministry of Defence on August 17, 2026. BDL received the approval letter from the Administrative Ministry on August 18, 2026.
The company has informed the stock exchanges about the appointments in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details
- Ankush Munjal – Part-Time Non-Official Independent Director
- Vandana Agarwal – Part-Time Non-Official Independent Director
- Pankaj Joshi – Part-Time Non-Official Independent Director
- Tenure: Three years
- Effective from: August 17, 2026
- Appointing authority: Ministry of Defence, Department of Defence Production
BDL has confirmed that all three directors are not debarred from holding the office of Director by any SEBI order or other statutory authority.
Read also: Bharat Dynamics Q1 FY27 Results: PAT Soars 547% to ₹1,188 Crore, Revenue Surges 131%
Ankush Munjal Brings Over 25 Years of Experience
Ankush Munjal is a qualified Chartered Accountant and Advocate with more than 25 years of professional experience.
His areas of expertise include:
- Corporate finance and banking
- Treasury management
- Regulatory compliance
- Taxation and insolvency
- Audit and risk management
- Legal advisory
His combined experience in financial and legal matters adds significant expertise to the BDL Board.
Vandana Agarwal Has Over 22 Years of Experience
Vandana Agarwal is a practicing Chartered Accountant with more than 22 years of professional experience.
Her areas of expertise include statutory audits, tax audits, internal audits, stock audits, TDS, direct and indirect taxation including GST, accounting, MCA and corporate compliance, consulting and appeals.
Her extensive background in audit, taxation and compliance is relevant to strengthening financial oversight and regulatory practices.
Pankaj Joshi Brings 20 Years of Audit Expertise
Pankaj Joshi is a Commerce graduate from Rajasthan University, Jaipur, and has been a member of the Institute of Chartered Accountants of India (ICAI) since 2007.
He has around 20 years of professional experience in internal and statutory audits of private-sector companies as well as public-sector banks and financial institutions.
His experience in audit and financial oversight is expected to add further professional depth to BDL’s Board.
New Appointments Strengthen Board Expertise
The appointment of the three Independent Directors adds substantial expertise in finance, taxation, audit, legal advisory, risk management and regulatory compliance.
Munjal brings combined legal and financial expertise, while Agarwal and Joshi contribute extensive experience in auditing, taxation and corporate compliance. Their professional backgrounds are expected to support the Board’s oversight and decision-making functions.
About Bharat Dynamics Limited
Bharat Dynamics Limited (BDL) is a leading defence public sector undertaking under the Ministry of Defence, Government of India. The company manufactures guided missile systems, underwater weapons and other defence equipment for the Indian Armed Forces and contributes to India’s efforts towards indigenous defence production and self-reliance.
Read also: Bharat Dynamics Limited Appoints Shailesh Vagerwal as New Chairman and Managing Director
