Marine Electricals secures orders worth ₹44.22 crores

Marine Electricals (India) Limited has secured new orders worth a total of ₹44.22 crores, excluding taxes, from three major clients. The orders, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, were received on June 10, 2026. The company stated that none of the promoters or promoter groups have any interest in these orders, and they do not fall within the ambit of related party transactions.

Order Breakdown

The order book includes supplies for diverse marine electrical and navigation systems, with delivery timelines varying between 4 and 14 months depending on the complexity of the equipment.

Client	Product/Service	Delivery Timeline
Garden Reach Shipbuilders & Engineers Ltd	Electrical Turnkey Package	4-5 months
Udupi Cochin Shipyard Limited	Switchboard and electrical equipment	4-5 months
Material Organisation (Vizag)	Integrated Bridge System	12-14 months

Scope of Supply

The orders encompass three key segments of the company's operations. The Electrical Turnkey Package involves comprehensive end-to-end electrical solutions for marine applications. The Switchboard Supply order includes the provision of switchboard equipment integral to marine electrical systems. The Integrated Bridge System order covers advanced navigation and control systems for marine vessels.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.83%	-2.44%	+4.18%	+19.96%	+5.64%	+240.14%

Marine Electricals (India) Limited has completed the divestment of a 70% stake in its subsidiary, MEL Shipyard Private Limited, effective June 9, 2026. The transaction concludes the transfer of shares to Mr. Vinay Uchil and Mr. Venkatesh Uchil. As a result of this sale, MEL Shipyard has ceased to be a wholly owned subsidiary and has transitioned into an associate company of Marine Electricals (India) Limited.

The company initially informed the exchanges regarding this proposed divestment on February 11, 2026. The completion of the share transfer alters the corporate structure, reducing the parent company's holding significantly. MEL Shipyard Private Limited was formerly known as Xanatech Synergies Private Limited.

Transaction Details

The filing submitted to the National Stock Exchange of India Limited confirmed the finalization of the deal. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. Additional details regarding the transaction were previously disclosed in the earlier intimation referenced by the company.

Entity	Status Change	Effective Date
MEL Shipyard Private Limited	Wholly owned subsidiary to Associate Company	June 9, 2026
Marine Electricals (India) Limited	Stake reduced to 30%	June 9, 2026