Shares of Cochin Shipyard Limited (CSL) witnessed a notable uptick, climbing 2.8% to reach ₹1,794.50 following significant corporate announcements. The company's stock performance was bolstered by news of a dividend declaration and the appointment of a new statutory auditor.

Dividend Declaration

CSL has declared a final dividend of ₹2.25 per equity share. The company has set September 12 as the record date for dividend eligibility. However, this dividend proposal is subject to approval at the upcoming 53rd Annual General Meeting (AGM) scheduled for September 29. If approved, shareholders can expect the dividend payments to be disbursed by October 28.

Stock Performance

The stock opened at ₹1,753.90 and demonstrated strong momentum throughout the trading session, touching an intraday high of ₹1,828.00. Trading volumes were robust, with 26.11 lakh shares changing hands, amounting to ₹469.65 crore in value.

Market Capitalization and 52-Week Range

Cochin Shipyard currently boasts a market capitalization of ₹47,223.00 crore. The stock has shown significant volatility over the past year, with its 52-week range spanning from ₹1,180.20 to ₹2,545.00.

New Statutory Auditor Appointment

In another key development, the Comptroller & Auditor General of India has appointed M/s Babu A Kallivayalil & Co as the statutory auditors for Cochin Shipyard Limited. This appointment ensures continued financial oversight and transparency in the company's operations.

The positive market reaction to these announcements underscores investor confidence in Cochin Shipyard's financial health and corporate governance practices. As the company moves forward with its dividend plans and new auditor appointment, stakeholders will be keenly watching for further developments and their potential impact on the stock's performance.

Cochin Shipyard Limited (CSL), a prominent player in India's shipbuilding and ship repair industry, has announced significant changes to its leadership team. The company has appointed Dr. Harikrishnan S as Director (Operations) and Shri Rajesh Gopalakrishnan as Director (Technical), effective August 27, 2025.

New Appointments and Tenures

Dr. Harikrishnan S, previously serving as Executive Director (Ship Building) at CSL, has been appointed as Director (Operations). His tenure will run until May 31, 2029, which coincides with his superannuation date, unless further orders are issued.

Shri Rajesh Gopalakrishnan, formerly the Executive Director (Ship Repair), has taken on the role of Director (Technical). He has been appointed for a five-year term, effective from August 27, 2025, or until his superannuation, whichever comes earlier.

Approval Process and Handover

These high-level appointments were authorized by the Appointments Committee of the Cabinet through the Ministry of Ports, Shipping and Waterways. The decision was communicated to the company via email on August 27, 2025.

Prior to these appointments, Shri Madhu Sankunny Nair, the Chairman and Managing Director of Cochin Shipyard Limited, was holding additional charge of both the Operations and Technical directorships. He has now transferred these responsibilities to the newly appointed directors.

Experience and Expertise

Both Dr. Harikrishnan S and Shri Rajesh Gopalakrishnan bring nearly three decades of experience with Cochin Shipyard Limited to their new roles.

Dr. Harikrishnan S

• Bachelor of Technology in Mechanical Engineering
• Master of Technology in Production Engineering
• MBA in International Business
• PhD in Mechanical Engineering
• Extensive experience in shipbuilding and ship repair, including design, inspection & quality control, production, procurement, and planning & project management

Shri Rajesh Gopalakrishnan

• Bachelor of Technology in Mechanical Engineering
• Master's degree in Business Administration with a specialization in International Marketing
• Expertise in business strategy, business build, estimation, contract management, procurement, planning, project management, invoicing, and after-sales & customer relations

Additional Responsibilities

Both newly appointed directors also serve on the boards of Hooghly Cochin Shipyard Limited (Hooghly-CSL) and Udupi Cochin Shipyard Limited (Udupi-CSL), which are wholly owned subsidiaries of Cochin Shipyard Limited.

Compliance and Disclosure

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Cochin Shipyard Limited has disclosed that:

• Neither Dr. Harikrishnan S nor Shri Rajesh Gopalakrishnan are related to any existing directors of the company.
• They have not been debarred from holding the office of Director by any SEBI order or other authority.
• They are not disqualified under Section 164 of the Companies Act, 2013.

These strategic appointments are expected to bring fresh perspectives and deep industry knowledge to Cochin Shipyard's leadership team, potentially strengthening the company's position in the shipbuilding and ship repair sectors.