Garden reach shipbuilders & Engineers Limited has announced major changes in its senior management structure, with four key officials set to leave the company on 01 Apr 2026. The state-owned shipbuilding company disclosed these developments in a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Senior Management Departures

The company has informed stock exchanges about the departure of four senior management personnel, comprising three superannuations and one resignation:

Resignation Details

Cmde Rajiv Sreedharan IN (Retd), who served as Chief General Manager (Design & PS-NWD), submitted his resignation on 26 Feb 2026, citing personal and domestic reasons. In his resignation letter, he requested termination of his fixed-term contract with effect from 31 Mar 2026. Sreedharan had been serving the company on a fixed-term basis since 10 Nov 2022, with his contract having been extended in Nov 2025.

The departing Chief General Manager expressed gratitude for his tenure with the company, stating it was his "singular privilege to be part of team GRSE" and wished the company continued success in the years ahead.

Regulatory Compliance

The announcement was made by Company Secretary and Compliance Officer Sandeep Mahapatra in compliance with applicable provisions of SEBI Listing Regulations. The disclosure ensures transparency regarding changes in the company's senior management structure, which is material information for investors and stakeholders.

Garden Reach Shipbuilders & Engineers Limited, a Government of India undertaking under the Ministry of Defence, has provided the resignation letter as an annexure to maintain complete transparency in its regulatory disclosures.

Garden reach shipbuilders & Engineers Limited has issued a revised notification correcting the effective date of Cmde Indrajit Dasgupta's appointment as Executive Director to 25 March 2026. The company acknowledged that the earlier intimation inadvertently mentioned 23 March 2026 as the effective date.

Date Correction Details

The company informed stock exchanges through a revised communication that Cmde Indrajit Dasgupta, IN (Retd.) has been appointed as Executive Director (ED) with effect from 25 March 2026. This correction was communicated to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Cmde Indrajit Dasgupta brings extensive experience to his new role, combining distinguished military service with shipbuilding industry expertise. His academic credentials include a B.Tech in Electrical Engineering, M.Sc in Defence and Strategic Studies, and a Master of Management Studies.

Prior to joining GRSE, Dasgupta served in the Indian Navy for approximately 35 years. He initially joined Garden Reach Shipbuilders on 01 March 2023 as Project Superintendent (FT) in the CGM (E-8) grade and was subsequently promoted to Chief General Manager.

Current Experience and Responsibilities

In his previous role as Chief General Manager, Dasgupta was responsible for functions pertaining to NSG 30, SR & TU (Senior & Technical Unit). He has accumulated over three years of experience within GRSE, demonstrating his understanding of the company's operations and strategic objectives.

Regulatory Compliance

The revised announcement maintains that all other facts stated in the original intimation remain unchanged. Company Secretary and Compliance Officer Sandeep Mahapatra signed the official communication to stock exchanges, ensuring proper regulatory protocols for senior management changes are maintained.

This correction reflects the company's commitment to accurate regulatory disclosure while maintaining transparency in corporate governance for its defense manufacturing operations.