Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers Limited announced the appointment of Shri Dharminder Kumar as a Part-Time Non-Official Director (Independent Director) on its board, effective October 16, 2026, for a period of three years or until further orders, as communicated in a Ministry of Defence letter No. 11(70)/2021/misc/D(NS) dated October 5, 2026.

Garden Reach Shipbuilders & Engineers Limited announced that Dharminder Kumar and Laish ram Meenabanta Singh have been appointed as Part-time Non-Official Directors (Independent Directors) on the company’s board for a period of three years, or until further orders, as per a letter from the Ministry of Defence dated October 5, 2026, and received on October 6, 2026.

Garden Reach Shipbuilders & Engineers Limited informed the National Stock Exchange of India Limited and BSE Limited that the Comptroller & Auditor General of India has appointed M/s. S K Agrawal and Co., Chartered Accountants LLP, Kolkata as Statutory Auditor for the financial year 2026-27, effective from September 25, 2026.

Garden Reach Shipbuilders & Engineers Limited informed the National Stock Exchange of India Limited and BSE Limited that the trading window for its securities will be closed for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half year ended September 30, 2026, in accordance with the company’s insider trading policy and SEBI regulations.

Garden Reach Shipbuilders & Engineers Limited informed the National Stock Exchange of India Limited and BSE Limited that the trading window for its securities will be closed for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of unaudited financial results for the quarter and half year ended September 30, 2026.

Garden Reach Shipbuilders & Engineers Limited announced that its Board of Directors approved a capital budgetary outlay of Rs 2896 crore for the construction of a Greenfield Shipyard at Raichak to enhance shipbuilding capacity in both the Naval and Commercial segments, according to a regulatory filing with the National Stock Exchange of India Limited and BSE Limited on September 21, 2026.

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.