Mazagon Dock sets Aug 20 record date for FY26 dividend payout
Mazagon Dock Shipbuilders has confirmed August 20, 2026, as the record date for determining eligibility for the FY26 final dividend of ₹4.62 per equity share. This update precedes the 93rd AGM on August 27, where shareholders will also vote on the appointment of Shri Dinesh Mahur as a Government Nominee Director and the re-appointment of Shri Biju George. The dividend, if approved, will be paid within 30 days of the AGM.
*this image is generated using AI for illustrative purposes only.
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:
| Agenda Item | Details | Regulatory Reference |
|---|---|---|
| Final Dividend | ₹4.62 per equity share for FY26 | Section 123, Companies Act |
| Cost Auditor Remuneration | ₹2,50,000 plus taxes to M/s Dhananjay V Joshi & Associates | Section 148(3), Companies Act |
| Director Appointment | Shri Dinesh Mahur as Part-Time Official Director | Regulation 17(1C), SEBI LODR |
| Director Re-appointment | Shri Biju George retires by rotation | Section 152(6), Companies Act |
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.
Historical Stock Returns for Mazagon Dock Shipbuilders
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.76% | +1.57% | +13.78% | +15.67% | -5.29% | +2,144.58% |
How might the appointment of Shri Dinesh Mahur as a Government Nominee Director influence Mazagon Dock's strategic alignment with future Ministry of Defence procurement priorities?
Given the 92.4% payout ratio, will the company maintain this high dividend yield in FY27 while simultaneously funding capital expenditure for its growing defense order book?
What impact could the re-appointment of Shri Biju George have on the execution timeline of upcoming surface combatant deliveries to the Indian Navy?
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