President of India holds 32.76 crore shares in Mazagon Dock Shipbuilders

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.94%	+0.50%	-8.35%	-1.95%	-27.72%	+1,678.50%

The Finance Ministry has approved a submarine deal worth ₹70,000 crore, a development that places Mazagon Dock Shipbuilders at the forefront of a major Indian defence procurement initiative. The approval represents one of the significant defence-related financial clearances in recent times.

Deal Overview

The key details of the approved submarine deal are as follows:

Parameter:	Details
Approving Authority:	Finance Ministry
Deal Value:	₹70,000 crore
Company Involved:	Mazagon Dock Shipbuilders
Nature of Deal:	Submarine Procurement

Significance of the Approval

The Finance Ministry's clearance of the ₹70,000 crore submarine deal underscores the continued emphasis on strengthening India's naval defence capabilities through domestic shipbuilding. Mazagon Dock Shipbuilders, a prominent name in India's defence shipbuilding sector, is associated with this high-value contract. The scale of the deal highlights the strategic importance being accorded to underwater naval assets in India's defence planning.