Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers Ltd announced its 110th Annual General Meeting (AGM) will be held on September 25, 2026. The company proposes a final dividend of ₹6.70 per equity share for FY2025-26, in addition to interim dividends totaling ₹12.90 per share, making a total dividend of ₹19.60 per share. The record date for dividend entitlement is September 18, 2026, and payment will be made within 30 days of declaration if approved at the AGM. The Register of Members and Share Transfer Books will be closed from September 19 to September 25, 2026.

Garden Reach Shipbuilders & Engineers Ltd will hold its 110th Annual General Meeting (AGM) on Friday, September 25, 2026, at 10:30 AM via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting will transact businesses including the adoption of audited financial statements for FY2025-26, confirmation of interim dividends, declaration of a final dividend of ₹6.70 per equity share (total ₹19.60 for FY25-26), re-appointment of a director, and fixing of statutory auditors' remuneration. The company also announced that its Register of Members and Share Transfer Books will be closed from September 19 to September 25, 2026, for the AGM and dividend payment. The record date for dividend eligibility is September 18, 2026.

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has announced its 110th Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 10:30 AM IST. The meeting will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The AGM notice, dated July 29, 2026, outlines the businesses to be transacted. The company also submitted its Annual Report for FY 2025-26, which includes financial highlights, operational performance, and corporate information. Notably, GRSE achieved 'Navratna' status on June 19, 2026, enhancing its autonomy for strategic investments. The report details the company's significant contributions to India's maritime security, including the delivery of 118 warships and over 800 platforms.

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) has entered into two Memorandums of Understanding (MoUs). The first is with DNV (Det Norske Veritas) to enhance expertise in warship design, shipbuilding, and marine engineering, leveraging DNV's global capabilities in classification, certification, digitalization, and sustainability. The second MoU is with Damen Technical Cooperation B.V., Netherlands, to establish a framework for the design and construction of dredgers for the Indian market, combining GRSE's shipbuilding capacity with Damen's expertise in Trailing Suction Hopper Dredgers (TSHD) and Water Injection Dredgers (WID). Both MoUs currently have no ascertained financial implications. These partnerships aim to strengthen GRSE's technological capabilities and contribute to India's maritime and defense shipbuilding sectors.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has announced receiving an order from West Bengal Tourism Development Corporation Limited (WBTDCL) for the procurement of two 100-passenger electric ferries. The contract is valued at ₹45.02 crore and is to be executed within 18 months from the signing date. This order falls under the 'Procurement of Electric Ferry' category and is from a domestic entity. GRSE confirmed that neither its promoters nor group companies have any interest in WBTDCL, and the transaction does not constitute a related party transaction.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) is undertaking significant capacity expansion initiatives at its Raichak, Timber Pond, Shalimar, and Damodar facilities. The total capital expenditure for these projects is ₹2670 crore, aimed at strengthening indigenous shipbuilding capabilities, supporting future growth, and enhancing the ability to execute larger and more complex projects. The expansion includes developing Raichak as a shipbuilding hub with an investment of over ₹2,500 crore, rejuvenating the Timber Pond facility for medium-sized shipbuilding and repairs for nearly ₹100 crore, and upgrading the Damodar facility for vessel repairs and construction of small crafts with around ₹70 crore. These initiatives align with the 'Aatmanirbhar Bharat' and 'Make in India' vision.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has received a Letter of Intent (LOI) from Syama Prasad Mookerjee Port for the construction of one 15 T Bollard Pull Electric Battery Propulsion Tug, including shore charging infrastructure. The total value of the contract is ₹37,94,48,131, inclusive of GST and taxes. The LOI was received on August 3, 2026. This development signifies a new order win for GRSE in the specialized vessel construction segment, particularly focusing on eco-friendly propulsion technology.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) has received a Notification of Award (NOA) from Oil and Natural Gas Corporation Limited (ONGC) for the construction of four Platform Supply Vessels (PSVs). The total value of the contract is ₹1032.07 Crore, including GST. The project is to be executed within 48 months from the date of the NOA. This significant order from a domestic entity, ONGC, underscores GRSE's capabilities in shipbuilding and is expected to contribute positively to its order book and future revenue streams. The company confirmed that neither promoters nor group companies have any interest in ONGC, and the transaction does not fall under related party transactions.

Garden Reach Shipbuilders & Engineers Ltd (GRSE) announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported a revenue of ₹1814.62 Cr, a significant increase of 38.53% compared to Q1 FY26. Profit After Tax (PAT) also saw a substantial rise of 43.83% to ₹172.84 Cr. Total income grew by 38.47% to ₹1914.18 Cr. The company attributes this growth to its strategic focus on aggressive business development, marketing, and bidding, alongside expansion plans for building technologically advanced platforms. GRSE also highlighted its recent elevation to Navratna status as a key achievement.

Garden Reach Shipbuilders & Engineers Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results in a meeting held on July 29, 2026. The company also submitted the Limited Review Report from its Statutory Auditors. The financial results will be published in English, Hindi, and local daily newspapers.