Cochin Shipyard Ltd

Cochin Shipyard Ltd has been assigned a 'Crisil ESG 59' rating and a 'Crisil Core ESG 66' rating by Crisil ESG Ratings & Analytics Ltd. The company was notified of this rating on October 9, 2026, after office hours, and became aware of it on October 12, 2026, due to intervening holidays. Crisil ESG Ratings independently prepared this report based on publicly available data, and Cochin Shipyard did not engage their services for this rating. The rating reflects the company's performance across Environmental, Social, and Governance parameters.

Cochin Shipyard Limited (CSL) has issued a clarification regarding a media article that reported a significant order for 40 ships from US, Germany, and Norway. CSL stated that all orders received, including export orders, have already been disclosed to the stock exchanges. The company confirmed that it has no further firm orders to report at this time. Any new firm orders will be promptly notified to the stock exchanges as per the company's policy. This clarification comes in response to media reports and subsequent material price movement in the company's shares.

Hooghly Cochin Shipyard Limited (Hooghly-CSL), a wholly owned subsidiary of Cochin Shipyard Limited (CSL), has secured a notable order from Heritage River Journeys Private Limited for the construction of two Luxury River Cruise vessels. This is a repeat order, with the vessels scheduled for delivery by June 2029 and June 2030, respectively. The order value is classified as 'Notable' and falls within the ₹100 to ₹250 Crore range. Neither the promoter nor any group companies have an interest in the awarding entity, and the transaction is not considered a related party transaction.

Cochin Shipyard Limited (CSL) has executed a Share Purchase Agreement to acquire a 23% equity stake in Conoship International Holding B.V. (Conoship), a Netherlands-based ship design and engineering company, for a cash consideration of 2.30 Million Euros. This strategic acquisition aims to enhance CSL's presence in the European coastal and short-sea shipping markets by leveraging Conoship's advanced design solutions. The companies will also explore opportunities in emerging technologies like alternate fuels for vessels. The acquisition is expected to be completed within two months, with necessary regulatory approvals, including from DIPAM, already obtained.

Cochin Shipyard Limited (CSL) has announced the closure of its trading window for dealing in the company's securities. This closure will be effective from October 01, 2026, and will remain in effect until 48 hours after the financial results for the quarter ended September 30, 2026, are publicly disclosed. The measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code for insider trading, affecting all designated persons.

Cochin Shipyard Limited (CSL) has executed a Joint Venture Agreement with Drydocks World Dubai – FZCO (DDW), a DP World Company. The agreement was signed by the CEOs of both entities on the sidelines of the BRICS Summit 2026 in New Delhi. This formalizes the proposed joint venture previously intimated on September 09, 2026. The signing was witnessed by dignitaries including the Union Minister of Ports, Shipping and Waterways and the UAE Assistant Foreign Minister for Advanced Science and Technology.

Cochin Shipyard Ltd has been fined Rs. 9,66,420 each by BSE and NSE for non-compliance with SEBI LODR Regulations regarding the composition of its Board of Directors and committees. The company acknowledged that the appointment of directors is the Government of India's prerogative. Following the appointment of Dr. Vani Ahluwalia as an Independent Director, the company reconstituted its Audit and Nomination Committees. The Board advised filing waiver requests for the fines once full compliance is achieved, noting that the appointment of four additional independent directors is still awaited from the Government.

Cochin Shipyard Ltd announced its Board of Directors has approved a proposal to form a joint venture with Drydocks World Dubai – FZCO (DDW). The JV will be a private limited company incorporated under the Companies Act, 2013, with its registered office in Kochi. The JV's purpose is to own, operate, and manage Cochin Shipyard's International Ship Repair Facility (ISRF) at Willingdon Island, Kochi. This facility will handle dry-docking, maintenance, repair, and overhaul of commercial and naval vessels up to 130 meters in length and 6,000-tonne weight, with plans to add ten workstations. Both CSL and DDW will hold 50% equity in the JVCo. The ISRF will be transferred to the JVCo. on a slump sale basis for a consideration of not less than ₹1,800 Crores, with CSL receiving 50% in cash and 50% in JVCo. shares. This JV aims to leverage complementary strengths, enhance capacity, and align with national maritime vision goals.

Cochin Shipyard Ltd has announced Friday, September 18, 2026, as the record date for determining shareholder entitlement to a final dividend of ₹1.50 per equity share (30%) for the financial year 2025-26. The dividend, subject to approval at the 54th AGM on September 29, 2026, will be disbursed by October 28, 2026, within 30 days of approval. This move signals a distribution of profits to shareholders.

Cochin Shipyard Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as mandated by SEBI regulations. The report, which is part of the company's Annual Report and available on its website, details the company's corporate identity, operational scope, and market reach. Key disclosures include its CIN, incorporation year, registered and corporate addresses, and contact information for queries. The reporting is done on a standalone basis, with assurance provided by Sustainability Actions Private Limited. The report outlines the company's business activities, primarily ship building (61.55% of turnover) and ship repair (38.45%), serving both national and international markets. Exports constitute 25.67% of total turnover. The report also provides initial employee data, including permanent employees categorized by gender.