Garden Reach Shipbuilders & Engineers Limited has announced a senior management change with the superannuation of one of its key executives. The defense shipbuilding company informed stock exchanges about this development as part of its regulatory compliance obligations.

Senior Management Transition

The company has announced that Shri Dilip Kumar Jagattar Singh, General Manager (DEP Ranchi Unit), is superannuating on February 28, 2026. Following his superannuation, Singh will cease to hold office in the company with effect from March 1, 2026.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this information to both the National Stock Exchange of India Limited and BSE Limited as part of its mandatory disclosure requirements.

The communication was signed by Sandeep Mahapatra, Company Secretary and Compliance Officer, who holds ICSI Membership No. ACS 10992. The official intimation was digitally signed and dated February 28, 2026.

About the Company

Garden Reach Shipbuilders & Engineers Limited operates as a Government of India undertaking under the Ministry of Defence. The company is incorporated with CIN NO.: L35111WB1934GOI007891 and plays a significant role in India's defense shipbuilding sector.

Garden reach shipbuilders & Engineers Ltd (GRSE) has signed a strategic Memorandum of Understanding with Hindustan Shipyard Limited (HSL) on February 09, 2026, marking a significant step towards strengthening India's shipbuilding capabilities through collaborative participation. The partnership aims to form a consortium for submitting bids in accordance with the terms and conditions of the tender issued by the Shipping Corporation of India Limited (SCI).

Strategic Partnership Details

The MoU signing ceremony took place on Monday, February 09, 2026, with key officials from both organizations participating in the formal agreement. The partnership represents a strategic move to undertake a large-scale, nationally significant shipbuilding programme.

Key Officials and Execution

The MoU was formally signed by Cdr Shantanu Bose, IN (Retd.), Director (Shipbuilding), GRSE and Capt Ganti Venkateswarlu, IN (Retd.), Officiating Chairman & Managing Director, HSL. The signing ceremony was conducted in the presence of senior officials from both GRSE and HSL, emphasizing the strategic importance of this collaboration.

Programme Objectives and Impact

The partnership envisages the construction of advanced maritime platforms and is expected to contribute significantly to multiple strategic objectives:

• Enhancement of the country's maritime infrastructure
• Advancement of technological self-reliance in shipbuilding
• Strengthening long-term operational capabilities
• Reinforcement of the national vision of indigenous maritime capability

This collaboration is designed to leverage the complementary strengths of both shipyards, combining their expertise and capabilities to deliver on the requirements of the national shipbuilding programme.

GRSE's Strategic Position

Garden Reach Shipbuilders & Engineers Ltd operates as a Defence Public Sector Undertaking under the administrative control of Ministry of Defence and holds the status of a Schedule 'A' Mini Ratna Category I company. The company's journey dates back to 1884, beginning as a small workshop for vessel repairs before being taken over by the Government of India in 1960.

GRSE holds several notable distinctions in India's shipbuilding sector:

• First shipyard of independent India to build a warship for Indian Navy (INS Ajay in 1961)
• Built over 800 platforms, including 115 warships for Indian Navy, Indian Coast Guard, and friendly foreign countries
• Only Indian shipbuilder with four distinct shipyards as infrastructure advantage
• Capability to undertake concurrent construction of 28 ships

Recent Recognition and Capabilities

The company has received multiple prestigious awards, including the Defence Minister's Award 2025 for Excellence in Financial Performance and the Defence Minister's Award 2022 for designing the most silent ship for Indian Navy for ASW operation. GRSE has been recognized as the Best Performing Defence Shipyard of India for four consecutive years.

The shipyard's modern infrastructure includes state-of-the-art Next Generation VR Lab and latest software that aid in-house design capabilities, supported by a strong team of highly skilled design engineers. Beyond shipbuilding and ship repair, GRSE has diversified into engineering business with products including pre-fabricated steel bridges, deck machinery items, and marine diesel engines.