Mazagon Dock Shipbuilders promotes Devi Nair as GM (Technical)

0 min read     Updated on 16 Jun 2026, 01:55 AM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

Mazagon Dock Shipbuilders Ltd announced the internal promotion of Smt. Devi Nair to General Manager (Technical), effective retrospectively from July 1, 2025. The company disclosed this change in senior management to BSE and NSE on June 15, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015.

powered bylight_fuzz_icon
43079472

*this image is generated using AI for illustrative purposes only.

Mazagon Dock Shipbuilders Ltd has promoted Smt. Devi Nair to the position of General Manager (Technical) effective retrospectively from July 1, 2025. The appointment was made through an internal promotion, a move disclosed to the stock exchanges under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Management Change Details

The company informed BSE Limited and the National Stock Exchange of India Limited about the change in senior management on June 15, 2026. The disclosure was signed by Lalatendu Acharya, Company Secretary and Compliance Officer, on behalf of the company.

Sr. No. Name Designation Date of Change Reason for Change
1. Smt. Devi Nair General Manager (Technical) 01 July 2025 Others - Internal Promotion

Historical Stock Returns for Mazagon Dock Shipbuilders

1 Day5 Days1 Month6 Months1 Year5 Years
+3.44%+4.81%+2.84%+6.00%-19.37%+1,864.44%

How will Smt. Devi Nair's promotion influence Mazagon Dock's technical project execution and delivery timelines?

What strategic initiatives will the new General Manager (Technical) prioritize to enhance the company's shipbuilding capabilities?

Could this leadership change signal a broader restructuring within Mazagon Dock's technical division?

Mazagon Dock Shipbuilders
View Company Insights
View All News
like19
dislike

President of India holds 32.76 crore shares in Mazagon Dock Shipbuilders

0 min read     Updated on 09 Jun 2026, 01:41 AM
scanx
Reviewed by
Anirudha BScanX News Team
AI Summary

The President of India, through the Ministry of Defence, holds 32,76,18,501 equity shares in Mazagon Dock Shipbuilders Limited as of March 31, 2026, with no encumbrances reported during FY26. The disclosure was filed under SEBI regulations on April 2, 2026.

powered bylight_fuzz_icon
42495088

*this image is generated using AI for illustrative purposes only.

The President of India, acting through the Ministry of Defence, holds 32,76,18,501 equity shares in Mazagon Dock Shipbuilders Limited as of March 31, 2026. The disclosure confirms that no encumbrance was created on these shares, directly or indirectly, during the financial year ended March 31, 2026.

The shareholding details were submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The letter, dated April 2, 2026, was signed by Vikas Khera, Deputy Secretary, Ministry of Defence.

Shareholding Details

The following table outlines the shareholding position as of the specified date:

Shareholder Number of Equity Shares Face Value
President of India (through Ministry of Defence) 32,76,18,501 ₹5

The disclosure confirms that the central government maintains its substantial stake in the defence PSU without any pledge or encumbrance during the reviewed period.

Historical Stock Returns for Mazagon Dock Shipbuilders

1 Day5 Days1 Month6 Months1 Year5 Years
+3.44%+4.81%+2.84%+6.00%-19.37%+1,864.44%

Does the government plan to maintain this 100% stake, or are there divestment plans for Mazagon Dock in the upcoming fiscal year?

How will this unencumbered shareholding position impact Mazagon Dock's ability to secure future capital for expansion?

What are the expected capital expenditure requirements for the company in FY2027 given the current ownership structure?

Mazagon Dock Shipbuilders
View Company Insights
View All News
like20
dislike

More News on Mazagon Dock Shipbuilders

1 Year Returns:-19.37%