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Bharat Electronics Limited

BEL.NS

2

exclusion reasons

2 themes

Other (1) Weapons & Military (1)
BEL.NS Current as of March 2026

Bharat Electronics Limited is screened out under 2 exclusion reasons spanning 2 issue categories.

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.

Weapons Military
Since Mar 12, 2026

NBIM exclusion: Sales of weapons to states in armed conflicts, where the weapons are used inways that constitute breaches of the international rules on the conduct of hostilities

Military Contracting
Since Jan 24, 2023

NBIM: Sales of weapons to states in armed conflicts, where the weapons are used in ways that constitute breaches of the international rules on the conduct of hostilities

Research Sources 1 organization
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.