Garden Reach Shipbuilders & Engineers Share Price

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In terms of Regulation 30 of SEBI (LODR) Regulations 2015 we would like to inform that the Ministry of Defence Government of India vide its letter dated 10 Dec 2024 received on 11 Dec 2024 has nominated Ms. Garima Bhagat as the Part-Time Official Director (Government Nominee Director) on the Board of Directors of the Company replacing Mr. Rajeev Prakash (DIN:08590061) who is a Part-Time Official Director (Government Nominee Director) on the Board of the Company. Accordingly Mr. Rajeev Prakash has relinquished the post of Part-Time Official Director (Government Nominee Director) w.e.f. 11 Dec 2024.Ms. Garima Bhagat will assume directorship of the Company once she acquires her Director Identification Number (DIN) as per the provisions of the Companies Act 2013.

Please refer our letter No. SECY/GRSE/BD-69/29/2024 dated 18 Sep 2024 wherein we have communicated that GRSE bagged Order for Construction and delivery of Additional Four (04) Multi - Purpose Vessels of 7500 DWT each. In terms of Reg 30 of the SEBI LODR 2015 we wish to inform you that the Company has signed Contract for Construction and delivery of Second Ship from series of the four additional vessel 7500 DWT MPV on 04 Dec 2024 at Hamburg Germany. The contracts for the remaining two vessels will be communicated as and when the respective contracts signed.There has been no change in the Financial Implication of the Order/ Contract.

In terms of Reg 30 of SEBI LODR 2015 we hereby inform you that the Company has received notices from NSE and BSE regarding non-compliance with provisions of Reg 17 (1) of the SEBI LODR 2015 pertaining to non availability of required Independent Directors including Woman Independent Director on the Board of the Company during the Quarter ended 30 Sep 2024 and imposition of Fine of Rs. 542800 each by NSE and BSE for such non-compliance.In respect of the aforesaid notice Company has replied that the GRSE is a CPSE. The Directors on the board of the Company are appointed by the Government of India through Presidential Order. The action of appointment of Directors is not in the hands of the Company and also beyond the control of the Company. Accordingly GRSE should not be held liable to pay the fines and the same should be waived off.

Further to our intimation letter no. SECY/GRSE/BD-69/AM/02/24-25 dated 11 Nov 2024 we wish to inform that Conference Call has been held on Friday 15 Nov 2024 at 03:30 PM to discuss the Unaudited Financial Results of the Company for the Quarter and Half Year ended 30 Sep 2024.In this regard and pursuant to Reg 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations 2015 the Transcript of the Analyst/ Conference call for Q2 FY 25 of the Company is enclosed herewith.

This has reference to our letter No. SECY/GRSE/BD-69/CA/36/24-25 dated 04 Oct 2024 on the subject intimation of receipt of acceptance for Design Build Operation and Maintenance of Hybrid Electric Ferries from Transport Department Government of West Bengal - Reg 30In terms of Reg 30 of SEBI LODR 2015 we wish to inform you that the Company has signed Contract on 19 Nov 2024 for Design Build Operation and Maintenance of Hybrid Electric Ferries for total 13 Units under the WBIWTLSD Project Transport Department Government of West Bengal at an approx. value of Rs. 226.18 Crore (excl. GST).We are enclosing herewith copy of the press release on the matter.