Garden Reach Shipbuilders Announces Senior Management Promotions Effective January 1, 2026

Garden reach shipbuilders & Engineers Ltd has announced significant senior management promotions across key operational areas, with all appointments taking effect from January 1, 2026. The defense shipbuilding company disclosed these changes under Regulation 30 of SEBI Listing Regulations, highlighting the elevation of seven experienced professionals to executive leadership positions.

Executive Director Appointments

Two senior officers have been promoted to Executive Director positions, bringing decades of specialized experience to the top management tier.

Position:	Executive Details
M Venkatesh Murthy	Promoted from CGM (CSB) to Executive Director
Experience:	8+ years at GRSE, 11 years at Bharat Earth Movers Limited
Education:	Bachelor of Mechanical Engineering, Master of Engineering Management from University of Mysore
Specialization:	Commercial Shipbuilding, Material Management, Defense Procurement

Position:	Executive Details
Cmde Rajat Manchanda, IN (Retd.)	Promoted from CGM (Planning – SVL & ASWSWC) to Executive Director
Experience:	5+ years at GRSE, 28 years in Indian Navy
Education:	B.Tech Mechanical Engineering (JNU), M.Tech Marine Engineering (Pune University)
Additional Qualifications:	PGDM (Jamnalal Bajaj Institute), Master's Diploma Public Administration (IIPA)

Venkatesh Murthy has been instrumental in steering GRSE's commercial shipbuilding operations, leveraging his expertise in procurement, inventory management, and contract administration. His promotion recognizes his significant contributions to timely project execution and defense procurement processes.

Commander Manchanda currently heads GRSE's Production Planning and Control Department, where he has played a pivotal role in successful delivery of multiple strategic naval and international projects through exceptional leadership and stakeholder coordination.

Chief General Manager Promotion

Position:	Executive Details
Cdr Manoj Kumar Gupta, IN (Retd.)	Promoted from GM to Chief General Manager (CC, HP & IP)
Experience:	11 years at GRSE, 19+ years in Indian Navy
Education:	B.Tech Naval Architecture & Shipbuilding (Cochin University), Diploma Naval Construction (IIT Delhi)
Current Role:	Central Contract Cell, Hull Planning & In-Plant Operations

Commander Gupta's promotion reflects his vast experience across multiple stages of shipbuilding, from core production activities to design department functions and contract management.

General Manager Appointments

Four officers have been elevated to General Manager positions across diverse operational areas:

Officer:	Department	Experience at GRSE
Lt Col Sanjay Anand (Retd.)	Security, Fire & Official Language	16 years
Cdr Harish Kumar, IN (Retd.)	Regional Office, Delhi	15+ years
Manas Kumar Pandey	Main Works Unit	18+ years
Dilip Kumar Jagattar Singh	DEP Ranchi Unit	33+ years

Operational Impact and Leadership Credentials

The promoted executives bring substantial operational expertise across GRSE's key business areas. Lt Col Sanjay Anand has been responsible for company security and firefighting operations, additionally overseeing official language implementation that has earned the company several national awards.

Commander Harish Kumar has managed critical liaison functions with Ministry of Defence, Indian Navy, Indian Army, Indian Coast Guard, and various government organizations from GRSE's Delhi regional office.

Manas Kumar Pandey brings nearly three decades of manufacturing expertise in plate preparation, robotic welding, hull operations, and coating applications. His technical specialization spans CNC plasma operations, equipment installation, and ship hull preparation processes.

Dilip Kumar Jagattar Singh, with over 33 years at GRSE, has comprehensive experience in diesel engine operations and has served as in-charge of the Diesel Engine Plant at Ranchi Unit since March 2014.

Strategic Significance

These promotions reflect GRSE's commitment to recognizing internal talent and promoting experienced professionals who have demonstrated leadership capabilities across critical operational areas. The appointments span commercial shipbuilding, production planning, contract management, security operations, regional coordination, manufacturing, and diesel engine operations, ensuring experienced leadership across all major business functions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.05%	+1.76%	+1.39%	-16.81%	+61.51%	+1,166.92%

Garden Reach Shipbuilders & Engineers (GRSE), a Central Public Sector Enterprise under the Ministry of Defence, has been fined a total of ₹19.54 lakh by the National Stock Exchange (NSE) and BSE Limited for non-compliance with board composition requirements. The fines were imposed due to the absence of required Independent Directors, including a Woman Independent Director, during the quarter ended September 30, 2025.

Non-Compliance Details

Regulation	Non-Compliance Issue
Reg 17(1)	Lack of required Independent Directors, including Woman Independent Director
Reg 18(1)	Non-constitution of Audit Committee
Reg 19(1)/19(2)	Non-constitution of Nomination and Remuneration Committee

Fine Breakdown

Stock Exchange	Fine Amount (including GST)
NSE	₹9,77,040.00
BSE	₹9,77,040.00
Total	₹19,54,080.00

GRSE has responded to the notices by submitting a letter (No. GRSE/BD-69/CG/Q2/2025-26 dated 29 Nov 2025) requesting a waiver of the fines. The company cited that, as a Central Public Sector Enterprise, the appointment of directors, including Independent Directors, is controlled by the Government of India through Presidential Orders and is beyond the company's control.

Key Points:

GRSE is under the administrative control of the Ministry of Defence, with the President of India acting as the Promoter of the Company.
The company has emphasized that the non-compliance has arisen due to the non-appointment of Independent Directors by the Government of India.
GRSE continues to actively pursue the matter with the Government of India through the Ministry of Defence for the timely appointment of the requisite number of Independent Directors.
The company aims to ensure compliance with Corporate Governance norms as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This incident highlights the unique challenges faced by Central Public Sector Enterprises in complying with regulatory requirements, particularly when key governance decisions are controlled by government entities. It also underscores the importance of timely appointments to ensure proper board composition and compliance with listing regulations.