Cochin Shipyard has fixed September 18, 2026, as the record date for determining shareholder eligibility for its final dividend of ₹1.50 per equity share for FY26.

The dividend represents a payout ratio of 30% on the face value of ₹5 per share. The company will disburse the payment to eligible members by October 28, 2026, subject to applicable tax deductions at source.

Approval Process

The dividend is scheduled for formal approval at the company’s 54th Annual General Meeting, set for September 29, 2026. Disbursement will occur within 30 days of this approval, in compliance with regulatory timelines.

Regulatory Compliance

The disclosure was made pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on September 4, 2026, by Syamkamal N, Company Secretary.

Cochin Shipyard submitted its Business Responsibility and Sustainability Report (BRSR) for FY26, detailing progress on green shipping initiatives and renewable energy infrastructure. The report underscores a strategic pivot toward low-emission vessels and operational decarbonization.

Green Shipping Initiatives

The company delivered India's first indigenously built Hydrogen Fuel Cell Catamaran Vessel to the Inland Waterways Authority of India. It also handed over two Autonomous Electric Vessels to ASKO Maritime AS in Norway. These vessels are powered by 1,846 kWh capacity batteries.

Further deliveries include 20 out of 23 Hybrid Electric Catamaran Hull Vessels for the Kochi Water Metro Project and three Hybrid Electric Catamaran Passenger Vessels for the Inland Waterways Authority of India. The company is currently constructing vessels for European clients, including Zero Emission Feeder Container Vessels and 70T Bollard Pull Electric TRAnverse Tugs.

Renewable Energy Transition

Cochin Shipyard plans to expand its rooftop solar installation capacity to 4,000 kWp by December 2028, up from the current installed capacity of 2,422 kWp. To enhance green power utilization, the company is implementing a Battery Energy Storage System (BESS) in phases. The first phase is targeted for completion by December 2027.

Upon commissioning, the BESS project is expected to help the company meet approximately 60-70% of its energy requirements through green sources. This replaces an earlier plan for a 14 MW wind-solar hybrid plant, which was shelved due to high costs, land constraints, and lower-than-required wind speeds affecting the Capacity Utilization Factor.

Environmental Metrics

Total energy consumption fell to 172,383.87 GJ in FY26 from 180,403.16 GJ in FY25. Renewable energy consumption rose significantly to 44,765.63 GJ, compared to 23,078.04 GJ in the previous year. Conversely, non-renewable energy consumption dropped to 127,618.24 GJ from 157,325.12 GJ.

Greenhouse gas emissions showed a mixed trend. Scope 1 emissions increased to 3,998.03 metric tonnes of CO2 equivalent from 2,687.63 metric tonnes. However, Scope 2 emissions declined to 21,252.00 metric tonnes from 28,736.33 metric tonnes. Total waste generated rose to 18,846.73 metric tonnes from 12,805.64 metric tonnes, with 6,373.66 metric tonnes recycled.

Governance and Safety

The company reported one fatality among workers in FY26, compared to none in FY25. The Lost Time Injury Frequency Rate for workers stood at 8.92 per million person-hours worked, up from 5.49 in FY25. Employee turnover rates remained stable at 3.89% for permanent employees.

Cochin Shipyard received penalties of ₹32,20,220 each from BSE and NSE for non-compliance with board composition regulations. The company noted that these non-compliances were due to delays in government appointments of independent directors and has sought waivers.