Garden Reach Shipbuilders & Engineers Ltd has fixed September 18, 2026 as the record date for its final dividend for FY26. The payout will be made to shareholders on record by that date.

The company confirmed the date in a filing with stock exchanges on September 14, 2026. This follows the intimation of its 110th Annual General Meeting earlier this month.

Dividend Payment Terms

In compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the final dividend will be payable within 30 days from the date of declaration. This applies only if the dividend is approved at the upcoming AGM.

Eligibility is restricted to members whose names appear in the Company's Register of Members or Beneficial Owners at the closure of business hours on September 18, 2026. The filing was signed by Sandeep Mahapatra, Company Secretary and Compliance Officer.

Garden Reach Shipbuilders & Engineers Limited has completed the dispatch of its 110th Annual General Meeting (AGM) notice. The meeting is scheduled for September 25, 2026, via video conferencing to approve a final dividend of ₹6.70 per share and alterations to the Articles of Association for Navratna status.

The company confirmed the dispatch was completed on September 3, 2026. Notices were sent electronically to members with registered email addresses. For those without registered emails, letters with web-links have been sent separately. The documents are also available on the company website and stock exchange portals.

Dividend and Record Date Details

The Board recommended a final dividend of ₹6.70 per equity share for FY26. The total dividend for the year stands at ₹19.60 per equity share, including interim payouts of ₹5.75 and ₹7.15.

Shareholders on record as of September 18, 2026 will be eligible. The register of members will remain closed from September 19, 2026, to September 25, 2026. If approved, the dividend will be payable within 30 days of declaration.

Voting Timeline and Logistics

Remote e-voting commences at 9:00 am on Sunday, September 20, 2026, and ends at 5:00 pm on Thursday, September 24, 2026. National Securities Depository Limited (NSDL) facilitates the process. M/s. A. K. Labh & Co., Company Secretaries, has been appointed as the scrutinizer.

Members can also vote electronically during the AGM held on September 25. Those who have already cast remote votes cannot vote again during the meeting.

Board Appointments and Governance

Shareholders will consider the confirmation of two new directors:

• Shri Niranjan Mukund Bhalerao as Whole-time Director designated as Director (Finance), effective from October 6, 2025.
• Dr. Vijay Namdeorao Zade as Government Nominee Director, effective from June 5, 2026.

Additionally, Capt. Sunilkumar Panangadan retires by rotation and seeks reappointment.

Navratna Status and AoA Alteration

The Department of Public Enterprises granted Navratna Status to Garden Reach Shipbuilders & Engineers Limited on June 19, 2026. This status provides enhanced operational autonomy. To implement these powers, the company seeks shareholder approval to alter specific Articles of Association:

What the Numbers Show

The total dividend payout of ₹19.60 per share reflects the board’s confidence in cash generation capabilities for FY26. As a Government of India undertaking under the Ministry of Defence, consistent dividend payouts reflect stable operational performance despite the capital-intensive nature of shipbuilding. The recent grant of Navratna status further signals improved strategic autonomy, potentially accelerating decision-making for new projects and modernization efforts.