Cochin Shipyard Limited (CSL) has initiated a 100-day special outreach program called 'Saksham Niveshak' to help shareholders update their records and claim unpaid dividends. The campaign, running from July 28 to November 6, 2025, aims to prevent the transfer of unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF).

Key Objectives of the Campaign

The 'Saksham Niveshak' initiative focuses on two primary goals:

1. Updating shareholder KYC details, including:

   • Bank account mandates
   • Nominee registration
   • Contact information (email, mobile number, address)

2. Facilitating the claim of unpaid or unclaimed dividends

Background and Importance

The campaign was launched in response to a letter from the Investor Education and Protection Fund Authority, Ministry of Corporate Affairs, dated July 16, 2025. It underscores the importance of maintaining up-to-date shareholder records and preventing the transfer of unclaimed assets to the IEPF.

Action Required from Shareholders

Shareholders with unclaimed dividends are advised to take prompt action by contacting:

• MUFG Intime India Private Limited (CSL's registrar)
• Utilizing the SWAYAM portal

Critical Advisory

Cochin Shipyard has issued a crucial reminder: dividends unclaimed for seven consecutive years, along with the corresponding shares, are liable to be transferred to the IEPF. This emphasizes the urgency for shareholders to review and update their records.

Campaign Duration

The 'Saksham Niveshak' campaign will run for 100 days, from July 28 to November 6, 2025, providing ample time for shareholders to take necessary actions.

Importance of Compliance

By launching this initiative, Cochin Shipyard demonstrates its commitment to shareholder welfare and regulatory compliance. The campaign serves as a proactive measure to ensure that shareholders retain their rightful assets and remain compliant with statutory requirements.

Shareholders are strongly encouraged to participate in the 'Saksham Niveshak' campaign to safeguard their investments and ensure smooth communication with the company.

Cochin Shipyard Limited (CSL), India's premier shipbuilding and ship repair company, has announced its financial results for the first quarter, showcasing robust performance despite facing regulatory hurdles.

Financial Highlights

CSL reported impressive consolidated financial results:

The company's revenue from operations saw a significant year-on-year increase of 38.5%, rising from Rs. 771.47 crore to Rs. 1068.59 crore. This growth was primarily driven by strong performances in both the shipbuilding and ship repair segments.

Segment-wise Performance

• Shipbuilding: Revenue decreased to Rs. 438.97 crore from Rs. 526.70 crore in the previous year.
• Ship Repair: Showed substantial growth, with revenue rising to Rs. 629.62 crore from Rs. 244.78 crore in the previous year.

Regulatory Challenges and Board Composition

Despite the strong financial performance, CSL faces regulatory challenges related to its board composition. The company received fines totaling Rs. 14,04,200 each from the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for non-compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations during the quarter ended March 31, 2025.

The violations included:

• Lack of independent directors, including a woman director
• Insufficient board meeting quorum
• Non-compliance with committee constitution requirements for Audit, Nomination and Remuneration, Stakeholders Relationship, and Risk Management Committees

CSL's Board of Directors noted that the appointment of directors is controlled by the Government of India. The Ministry of Ports, Shipping & Waterways appointed Dr. Seema Suri as an independent director on May 20, 2025, following which the company re-constituted two committees on June 1, 2025.

Ongoing Efforts and Future Outlook

The company has filed waiver requests with the stock exchanges, citing that the non-compliances were beyond management control. The appointment of five additional independent directors remains pending from the Government of India.

Madhu S Nair, Chairman and Managing Director of Cochin Shipyard Limited, commented on the results, stating, "Our strong Q1 performance demonstrates the resilience of our business model and the dedication of our team. We are actively working with the relevant authorities to address the board composition issues and ensure full compliance with regulatory requirements."

CSL continues to maintain a robust order book and is focusing on expanding its capabilities in both shipbuilding and ship repair segments. The company's recent investments in major projects such as the International Ship Repair Facility and New Dry Dock are expected to enhance its operational capacity and competitiveness in the coming quarters.

As Cochin Shipyard navigates through these regulatory challenges, its strong financial performance and ongoing expansion efforts position it well for continued growth in the maritime sector.