Amid a global surge in defense spending driven by Germany’s defense bill and the EU’s rearmament plan, Bharat Dynamics Limited's stock rose by 8.5%, reinforcing its role in India’s defense sector. This event highlights concerns over its role in producing advanced missile systems and defense technologies, which can contribute to militarization and potentially support authoritarian policies.

Bharat Dynamics Limited has been named in the Dirty List by Burma Campaign UK for its alleged business engagements with the Burmese military, a regime accused of human rights violations and environmental destruction.

A recent fact‐finding mission linked several businesses to the Myanmar military, which has been accused of serious human rights violations. Bharat Dynamics Limited did not respond to inquiries regarding these allegations, raising concerns over the company’s ethical responsibilities and accountability in its business practices.

Bharat Dynamics Limited has issued a comprehensive Anti-Corruption & Anti-Bribery (ACAB) Policy that explicitly prohibits the use of company funds for political contributions and outlines strict guidelines to prevent bribery and corruption in its operations. The policy also clearly defines lobbying activities, ensuring that any such efforts comply with ethical standards, thereby distancing the company from practices that could potentially support authoritarian influences.

An investigative report indicates that Bharat Dynamics Limited has supplied arms worth between US $5-10 million to the Myanmar military and received over US $7 million in payments since the coup. These arms transfers, involving advanced missile systems, contribute to financial support for an authoritarian regime and raise serious concerns about the company’s role in enabling repressive military actions.