Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers Limited informed the National Stock Exchange of India Limited and BSE Limited that the record date for the final dividend, if approved at the 110th Annual General Meeting, is September 18, 2026, with payment expected within 30 days of declaration.

Garden Reach Shipbuilders & Engineers announced the appointments of three new directors to its board, effective October 6, 2025, and June 5, 2026. Joining the board are Capt. P. Sunilkumar, Director (Corporate Planning & Personnel), Shri Niranjan Bhalerao, Director (Finance), and Dr. Vijay N. Zade, Government Nominee Director and Joint Secretary for Naval Systems within the Department of Defence Production. Capt. Sunilkumar brings extensive experience in corporate planning, project management, and naval service, while Shri Bhalerao previously held finance roles at Indian Oil Corporation Limited. Dr. Zade’s expertise lies in government administration and naval systems, and as a Government Company, director appointments and remuneration are determined by the Government of India.

Garden Reach Shipbuilders & Engineers (GRSE) signed two Memorandums of Understanding (MoUs) on September 2, 2026, during the SMM Hamburg Maritime Trade Fair in Germany. One MoU was signed with DNV (Det Norske Veritas) to establish expertise in warship design, shipbuilding, and marine engineering, while another was with Damen Technical Cooperation B.V., Netherlands, to explore the design and construction of dredgers for Indian customers, combining GRSE’s shipbuilding capabilities with Damen’s expertise in trailing suction hopper dredgers and water injection dredgers; there are no financial implications ascertained at present.

Garden Reach Shipbuilders & Engineers Ltd. remains flat at Rs 2603.0, having risen 0.11% over the last week. Garden Reach Shipbuilders & Engineers Limited announced it has received an order from the West Bengal Tourism Development Corporation Limited (WBTDCL) on August 24, 2026, for the procurement of two 100-passenger electric ferries, valued at Rs 45.02 crore. The project is expected to be completed within 18 months, and neither the company’s promoters, promoter group, or group companies have any interest in WBTDCL, nor does the order constitute a related party transaction. Trading volume reached 3.98 lakh shares today, a 44.17% increase compared to the average volume of the last one week. Garden Reach Shipbuilders & Engineers Ltd. rose 1.97% year-over-year, outperforming the 3.32% loss registered by the NIFTY50 index.

Garden Reach Shipbuilders & Engineers Limited announced it has received a Notification of Award (NOA) on July 30, 2026, for the construction of four Platform Supply Vessels for Oil and Natural Gas Corporation Limited (ONGC). The order, valued at Rs 1032.07 Crore including GST, requires the company to complete the project within 48 months and does not involve any related party transactions, according to a regulatory filing.

Garden Reach Shipbuilders & Engineers Limited (GRSE), a Navratna Public Sector Undertaking, announced a revenue of Rs 1814.62 crore and a profit after tax of Rs 172.84 crore for the first quarter of fiscal year 2027, registering growth of 38.53% and 43.83% respectively, compared to the same period last year.

Net profit of Garden Reach Shipbuilders & Engineers rose 43.82% to Rs 172.84 crore in the quarter ended June 2026 as against Rs 120.18 crore during the previous quarter ended June 2025. Sales rose 38.53% to Rs 1814.62 crore in the quarter ended June 2026 as against Rs 1309.87 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1814.621309.87 39 OPM %8.228.54 - PBDT245.03178.37 37 PBT231.53166.72 39 NP172.84120.18 44 Powered by Capital Market - Live

Revenue from operations jumped 38.53% YoY to Rs 1,814.62 crore in Q1 FY27. Profit before tax (PBT) rose 38.88% to Rs 231.53 crore in Q1 FY27 from Rs 166.72 crore in the corresponding quarter last year. Total expenses climbed 38.41% YoY to Rs 1,682.66 crore in Q1 FY27, compared with Rs 1,215.70 crore in Q1 FY26. Cost of materials consumed stood at Rs 1,244.23 crore (up 83.01% YoY), employee benefits expense was Rs 101.35 crore (down 4.34% YoY), and subcontracting charges stood at Rs 81.52 crore (down 65.41% YoY), while finance costs declined 38.15% YoY to Rs 3.76 crore during the quarter. GRSE traces its origins to 1884 and was taken over by the Government of India in 1960. The company delivered India's first indigenous warship, INS Ajay, in 1961 and has since built more than 800 marine platforms, including 118 warships for the Indian Navy, Coast Guard, and friendly foreign nations. The company is also expanding its commercial shipbuilding business. It is currently constructing 12 multi-purpose vessels for a German client and has ventured into green and autonomous vessel development. GRSE said it is the only Indian shipyard specializing in research vessels. Shares of Garden Reach Shipbuilders & Engineers rose 0.20% to Rs 2,617.95 on the BSE.Powered by Capital Market - Live

Garden Reach Shipbuilders& Engineers will hold a meeting of the Board of Directors of the Company on 29 July 2026.

In an exchange filing dated 20 June 2026, the defence shipbuilder said the Government of India approved the Navratna status through an Office Memorandum issued on 19 June 2026. The company said the recognition reflects its strong financial performance, operational efficiency and contribution to national security. Navratna status provides greater financial and operational autonomy to public sector enterprises, enabling them to undertake larger investments and expansion projects without requiring extensive government approvals. GRSE said it delivered eight warships during FY26, including three vessels on a single day - 30 March 2026. These included the Project 17A guided-missile frigate Dunagiri, survey vessel Sanshodhak and anti-submarine warfare shallow water craft Agray. The elevation to Navratna status comes as the Kolkata-based shipbuilder pursues capacity expansion through both brownfield and greenfield projects. Commenting on the development, chairman and managing director Commodore P.R. Hari (Retd.) said the recognition would strengthen its ability to pursue strategic opportunities, enhance self-reliance in defence manufacturing and improve global competitiveness. GRSE traces its origins to 1884 and was taken over by the Government of India in 1960. The company delivered India's first indigenous warship, INS Ajay, in 1961 and has since built more than 800 marine platforms, including 118 warships for the Indian Navy, Coast Guard and friendly foreign nations. The company is also expanding its commercial shipbuilding business. It is currently constructing 12 multi-purpose vessels for a German client and has ventured into green and autonomous vessel development. GRSE said it is the only Indian shipyard specialising in research vessels. The company's standalone net profit surged 24.1% to Rs 303.20 crore in Q4 FY26, compared with Rs 244.25 crore in Q4 FY25. Revenue from operations jumped 29.1% YoY to Rs 2,119.21 crore during the quarter ended 31 March 2026. Powered by Capital Market - Live