Mazagon Dock Shipbuilders Ltd

As per the official notification, he will serve in this role until his superannuation on 30 September 2029, or until further notice. The change in leadership also marks the cessation of Biju George's additional charge as CMD, effective 21 April 2025. Capt (Retd) Jagmohan brings over 25 years of distinguished service in the Indian Navy, with extensive expertise in naval design, project management, and business development. A naval architect by training from Cochin University of Science & Technology, he also holds postgraduate degrees and an M.Tech in Naval Construction and Ocean Engineering from IIT Delhi and IIT Kharagpur, respectively. Before joining MDL, Capt (Retd) Jagmohan held senior roles at Goa Shipyard Ltd. and Garden Reach Shipbuilders & Engineers Ltd. (GRSE), Kolkata. At GRSE, he served as Head of Design, leading the development and execution of complex warship projects for the Indian Navy and Indian Coast Guard, including advanced stealth frigates and anti-submarine warfare corvettes. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's consolidated net profit surged 28.8% to Rs 807.04 crore on a 33.1% jump in revenue from operations to Rs 3,143.62 crore in Q3 FY25 over Q3 FY24. Shares of Mazagon Dock Shipbuilders rose 0.54% to Rs 2,779.95 on the BSE.Powered by Capital Market - Live

The Board of Mazagon Dock Shipbuilders at its meeting held on 08 April 2025 has approved the appointment of Ruchir Agrawal, Director (Finance) (DIN: 10166533) as Chief Financial Officer of the Company. Powered by Capital Market - Live

Mazagon Dock Shipbuilders has fixed 16 April 2025 as record date for 2nd interim dividend of Rs 3 per equity share of Rs 5 each fully paid up for FY 2024-25. The dividend will be paid on or before 07 May 2025. Powered by Capital Market - Live

Meanwhile, the company's board approved the appointment of Ruchir Agrawal, director (finance) as chief financial officer (CFO) of the company. Further, the board declared 2nd interim dividend of Rs 3 per share of Rs 5 each fully paid up for FY25. The company has fixed Wednesday, 16 April 2025 as the record date. The payment of dividend shall be completed on or before 07 May 2025. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's consolidated net profit surged 28.8% to Rs 807.04 crore on a 33.1% jump in revenue from operations to Rs 3,143.62 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Mazagon Dock Shipbuilders announced that the Board of Directors of the Company at its meeting held on 8 April 2025, inter alia, have recommended the second interim dividend of Rs 3 per equity Share (i.e. 60%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Through OFS, Government of India proposes to sell up to 1,14,10,366 equity shares, representing a 4.01% stake, with an option to sell additional 2% stake or 80,67,600 equity shares in case of over subscription. With the promoter exercising the oversubscription option to the extent of up to 47,69,988 equity shares (representing 1.18% stake), the total OFS size (base size + green shoe) aggregated to 1,61,80,354 shares, representing 4.01% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 4,085.53 crore. The Government of India held 84.83% stake in Mazagon Dock Shipbuilders as of 31st December 2024. The OFS opened on 4 April 2025, which is the T-day where only retail investors can bid for the shares. On 7 April 2025, which is T+1 day, the OFS will be accessible for retail investors, employees, and for non retail investors those who choose to carry forward their un-allotted bids from T-day. On Day 1 (T-day), as of 11:18 IST, the OFS received subscription for 4,54,487 shares. It was subscribed 4.42% on the base of non retail offer size of 1,02,69,329 shares. On Day 2 (T-day), as of 15:30 IST, the OFS received subscription for 60,34,199 shares. It was subscribed 37.29% on the base retail offer size of 1,61,80,354 shares. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's consolidated net profit surged 28.75% to Rs 807.04 crore on a 33.06% jump in revenue from operations to Rs 3,143.62 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Through OFS, Government of India proposes to sell up to 1,14,10,366 equity shares, representing a 2.83% stake, with an option to sell additional 2% stake or 80,67,600 equity shares in case of over subscription. The floor price of the offer has been set at Rs 2,525 apiece, a 7.69% discount to the stock's closing price of Rs 2,735.41 recorded on Thursday, 3 April 2025. The Government of India held 84.83% stake in Mazagon Dock Shipbuilders as of 31st December 2024. A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, while 10% for retail investors. The OFS opened on 4 April 2025, which is the T-day where only retail investors can bid for the shares. On 7 April 2025, which is T+1 day, the OFS will be accessible for retail investors, employees, and for non retail investors those who choose to carry forward their un-allotted bids from T-day. On Day 1 (T-day), as of 11:18 IST, the OFS received subscription for 4,54,487 shares. It was subscribed 0.03% on the base of non retail offer size of 1,14,10,366 shares. Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. The company's consolidated net profit surged 28.75% to Rs 807.04 crore on a 33.06% jump in revenue from operations to Rs 3,143.62 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Mazagon Dock Shipbuilders will hold a meeting of the Board of Directors of the Company on 8 April 2025.Powered by Capital Market - Live

Mazagon Dock Shipbuilders announced that pursuant to orders conveyed by Ministry of Defence dated 24 March 2025, Cmde Shailesh Bhalachandra Jamgaonkar, IN (Retd.) (DIN-11017821), has been appointed as Director (Submarine & Heavy Engineering) on the Board of the Company w.e.f the date of his assumption of charge of the post today i.e. 25 March 2025 till the date of his superannuation i.e. 30 April 2027 or until further orders, whichever is earlier. As a result, Cdr. Vasudev Puranik, IN (Retd.), Director (Corporate Planning & Personnel) (DIN-09623387) ceases to hold the additional charge of the post of Director (Submarine & Heavy Engineering) of the Company w.e.f 25 March 2025.Powered by Capital Market - Live

Mazagon Dock Shipbuilders has signed an MOU with the State Disaster Management Authority, Goa for an 'Al-based Wireless Disaster Detection, Rescue & Communication System' on 20 March 2025. The aim is to enhance Disaster Management and Public Safety in Goa.Powered by Capital Market - Live