Cochin Shipyard Ltd

Cochin Shipyard Limited (CSL) has announced the closure of its trading window for designated persons. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. The window will be shut from July 01, 2026, until 48 hours after the financial results for the quarter ended June 30, 2026, are publicly disclosed. This measure is standard practice to prevent potential insider trading during periods of sensitive financial information release.

Cochin Shipyard Ltd (CSL) has announced the incorporation of its joint venture company, 'Green Maritime Propulsion Private Limited', with HBL Engineering Limited. The JV, established on June 11, 2026, aims to develop electric mobility technology and energy storage solutions for the maritime sector. CSL holds a 40% stake, subscribing to shares worth ₹3.60 crore, while HBL holds 60% with a ₹5.40 crore investment. This collaboration aligns with the 'Aatmanirbhar Bharat' vision and seeks to capitalize on the growing demand for sustainable maritime technologies.

The Ministry of Ports, Shipping and Waterways has extended the additional charge of Chairman & Managing Director (CMD) entrusted to Shri Jose V J, Director (Finance) of Cochin Shipyard Ltd, for a further period of 3 months effective from May 1, 2026, or until a regular incumbent joins the post, or until further orders, whichever is the earliest. This follows the superannuation of the previous CMD, Shri Madhu Sankunny Nair.

Cochin Shipyard Limited has been fined ₹9,55,800 each by BSE and NSE, totaling ₹19.11 Lacs, for non-compliance with SEBI LODR Regulations during the quarter ended March 31, 2026. The violations include the absence of sufficient independent directors and improper constitution of the audit and nomination & remuneration committees. The company, a Central Public Sector Enterprise, states that the power to appoint directors rests with the Government of India and that it has already requested the government to appoint independent directors. Cochin Shipyard plans to seek a waiver of these fines, arguing that the non-compliance was beyond its management's control. The company expects no financial impact beyond the fines, for which waivers will be sought.

Cochin Shipyard Ltd's board has recommended a final dividend of ₹1.5 per equity share with a face value of ₹5 each for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be paid within 30 days of its declaration at the AGM. The board also approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026.

Cochin Shipyard Ltd's board approved audited financial results for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹1.5 per equity share (face value ₹5), subject to shareholder approval at the AGM. The dividend will be paid within 30 days of declaration at the AGM. The Board meeting concluded at 17:45 hrs on May 15, 2026.

Cochin Shipyard Ltd's board approved audited financial results for the year ended March 31, 2026. The board recommended a final dividend of ₹1.5 per equity share of face value ₹5 each, subject to shareholder approval at the AGM. Consolidated net profit for FY26 stood at ₹716.74 Cr. The board meeting concluded at 17:45 hrs on May 15, 2026.

Cochin Shipyard Ltd has scheduled a Board of Directors meeting on May 15, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The board will also consider recommending a final dividend to equity shareholders for the financial year 2025-26. The trading window closure, which began on April 1, 2026, will end 48 hours after the results are made public.

Udupi Cochin Shipyard Limited (Udupi-CSL), a wholly-owned subsidiary of Cochin Shipyard Ltd, has secured a notable order from Ocean Sparkle Limited, an Adani Group Company, for the construction of four 70 T Bollard Pull ASD Tugs. The tugs will adhere to the Approved Standard Tug Design and Specifications (ASTDS) set by the Ministry of Ports, Shipping & Waterways. Deliveries are scheduled to commence in November 2028 and be completed by June 2029. The order does not involve any related party transactions or promoter interests.

Cochin Shipyard Ltd (CSL) and Deendayal Port Authority (DPA) will jointly develop a state-of-the-art Ship Repair Facility at Vadinar, Gujarat, with a combined investment of ₹1,570 crore. DPA will invest ₹650 crore in civil infrastructure, while CSL will invest ₹920 crore in ship repair infrastructure, including two floating docks. The project, approved by the Cabinet Committee on Economic Affairs, aims to address the critical gap in India's ship repair capabilities for large vessels, reducing dependence on foreign shipyards and creating employment opportunities.