Mazagon Dock Shipbuilders has appointed K.M. Ravi Kumar as a Non-Official (Independent) Director on its Board. The Ministry of Defence issued the appointment letter on August 21, 2026, confirming a tenure of three years.

The appointment is effective from the date of notification or until further orders, whichever occurs earlier. However, since Kumar’s Director Identification Number (DIN) activation application is currently under process, the effective date will be intimated once the DIN is allotted.

Regulatory Disclosure

The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing was submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Limited.

Further disclosures regarding the director’s information, as required by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, will be provided after the effective date of his appointment.

Lalatendu Acharya, Company Secretary and Compliance Officer, signed the disclosure letter dated August 24, 2026.

mazagon dock shipbuilders has fixed Thursday, August 20, 2026, as the record date to determine shareholders eligible for the final dividend for FY26. This announcement clarifies the entitlement timeline ahead of the company’s 93rd Annual General Meeting (AGM) scheduled for August 27, 2026. The record date ensures that only those holding shares on this specific day will receive the proposed dividend of ₹4.62 per equity share, subject to shareholder approval at the AGM.

The disclosure was made in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the filing, if the final dividend is declared at the AGM, it will be paid within a stipulated period of 30 days from the conclusion of the meeting. This aligns with the previously communicated payment deadline of September 26, 2026. The company emphasized that the dividend is contingent upon the approval of the financial statements and the dividend resolution by the shareholders during the virtual meeting.

Dividend Entitlement and Tax Compliance

Shareholders must ensure their PAN and residential status are updated with their Depository Participants or via email to rta@alankit.com before the record date. This step is critical to ensure correct Tax Deducted at Source (TDS) deduction under the Income Tax Act, 1961. The final dividend of ₹4.62 per equity share represents a significant return on the face value of ₹5 per share. Unclaimed dividends remain liable for transfer to the Investors Education and Protection Fund (IEPF) after seven years, as per Section 124 of the Companies Act, 2013.

AGM Agenda and Governance Updates

The 93rd AGM will be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) starting at 11:00 a.m. (IST). Remote e-voting, facilitated by National Securities Depository Limited (NSDL), commenced on August 24, 2026, and concludes on August 26, 2026. Ms. Ragini Chokshi & Co. serves as the scrutinizer for the e-voting process.

Key agenda items include:

Shri Dinesh Mahur, Additional Secretary (DP) at the Ministry of Defence, is set to join as a Government Nominee Director effective April 30, 2026. He will not be liable to retire by rotation. Simultaneously, Shri Biju George, Director (Operations), seeks re-appointment after retiring by rotation. His extensive experience includes overseeing the delivery of eight surface combatants to the Indian Navy.

What the Numbers Show

The fixation of the record date prior to the AGM highlights the company’s adherence to strict regulatory timelines for public sector undertakings. While the dividend amount remains subject to ratification, the pre-announcement of the record date provides clarity on the cutoff for ownership. The 92.4% payout ratio on the face value underscores the management’s commitment to returning capital to shareholders, even as the company navigates significant defense order inflows. The simultaneous appointment of a government nominee director reflects ongoing alignment with Ministry of Defence governance structures.