Mazagon Dock Shipbuilders Ltd

Mazagon Dock Shipbuilders Ltd has informed the stock exchanges about changes in its senior management team due to internal promotions. Shri I. Thomas, previously Director (Technical), has been promoted to a higher level position effective July 1, 2025. Smt. Alice Kurian, General Manager (Technical), and Shri Debasish Hazra, General Manager (Technical), have also been promoted effective July 1, 2025, and January 1, 2026, respectively. These changes are part of internal restructuring and career progression within the company's senior leadership.

Mazagon Dock Shipbuilders Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the company's financial results for the quarter and period ending June 30, 2026. The specific date for the board meeting to consider these financial results will be communicated later. This measure is in accordance with SEBI regulations and the company's code of conduct regarding insider trading.

Mazagon Dock Shipbuilders Ltd has announced a change in its senior management due to an internal promotion. Smt. Dew Nair, previously General Manager (Technical), has been promoted, with the change being effective retrospectively from July 1, 2025. This internal promotion signifies a shift within the company's leadership structure.

Mazagon Dock Shipbuilders Ltd. has announced the appointment of Shri Dinesh Mahur as a Government Nominee Part-Time Official Director. This appointment, effective from April 30, 2026, is based on a letter from the Department of Defence Production, Ministry of Defence. Shri Mahur, who serves as Additional Secretary (DP) in the Department of Defence Production, replaces Shri Rajeev Prakash, whose nomination was withdrawn by the Ministry of Defence. Shri Mahur is an Indian Telecom Service 1992 batch officer with extensive experience across various government ministries.

Mazagon Dock Shipbuilders Ltd's Board of Directors, at its meeting on April 30, 2026, approved the Audited Financial Results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026. Additionally, the Board recommended a final dividend of ₹4.62 per equity share (face value ₹5/- each) for the financial year ended March 31, 2026. The company will announce the Annual General Meeting date and the dividend payment date in due course.

Mazagon Dock Shipbuilders Ltd (MDL) has announced that its Board of Directors will convene on April 30, 2026. The primary agenda for this meeting includes the consideration and approval of the Audited Financial Results (Standalone & Consolidated) for the quarter and financial year ended March 31, 2026. Additionally, the Board will discuss and potentially recommend a Final Dividend for the financial year 2025-26. In compliance with SEBI regulations, the trading window for dealing in MDL Equity Shares is closed for Designated Persons and their immediate relatives from April 1, 2026, to May 2, 2026.

In a significant development for India’s maritime security, INS Taragiri, an indigenously built stealth frigate by Mazagon Dock Shipbuilders Ltd (MDL), was formally commissioned into the Indian Navy at Visakhapatnam on Friday, April 3, 2026. The ship is the third in the series of Project 17A, indicating another leap in India’s indigenous warship design and construction. The 149.02 M long and 17.8 M wide ship, with a displacement of 6400 Tons, is equipped with State-of-the-art stealth features, advanced weapon systems, cutting-edge sensors, and high-tech automation systems. The entry of INS Taragiri into the fleet will substantially enhance India’s surveillance, operational reach, and maritime security across the Indian Ocean Region. The commissioning of the ship, which has 75% indigenisation, underscores the collaborative excellence of the Indian Navy, MDL, and a wide ecosystem of indigenous industries, including a wide network of MSMEs, thus creating numerous employment opportunities both direct and indirect.

Mazagon Dock Shipbuilders Ltd has concluded the acquisition of 3,66,49,271 fully paid ordinary shares in Colombo Dockyard PLC (CDPLC) through a Mandatory offer. This acquisition is part of a Tripartite Agreement with CDPLC and Onomichi Dockyard Co. Ltd. The total shareholding of Mazagon Dock Shipbuilders in CDPLC now stands at 51% as on date, complying with the LODR Regulations, 2015 and the Company Takeovers and Mergers Code 1995 of Sri Lanka.

Mazagon Dock Shipbuilders Ltd has announced that the trading window for dealing in securities of the company by Designated Persons and their immediate relatives will be closed from April 1, 2026 until the end of 48 hours after the declaration of the Financial Results for the quarter ending on March 31, 2026. The date of the Board meeting for the consideration of the Financial Results will be intimated in due course.

Mazagon Dock Shipbuilders Ltd (MDL) has entered into a contract with Shipping Corporation of India Ltd (SCI) for the construction and sale of one 3000 DWT Methanol Dual Fuel Platform Supply Vessel (PSV). The contract value is approximately USD 39 million. The vessel will be constructed and delivered as per the mutually agreed contractual schedule between the parties. This contract is in the ordinary course of business of the Company, but it is being disclosed due to its materiality in terms of Regulation 30 of the SEBI (LODR) Regulations, 2015.