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- Cochin Shipyard Limited received notices from BSE and NSE for non-compliance with SEBI LODR Regulations regarding the composition of the Board of Directors (absence of sufficient Independent Directors) and the constitution of audit and nomination/remuneration committees for the quarter ended June 30, 2026. - Fines of ₹9,66,420 each (including GST) were imposed by both BSE and NSE. - The company stated that the non-compliances were not due to their negligence, but due to delays by the Government of India (being a PSU) in appointing Independent Directors. - Dr. Vani Ahluwalia was recently appointed as a Non-official (Independent) Director on August 17, 2026, which helped constitute the audit and nomination/remuneration committees. - CSL intends to forward requests for a waiver of the imposed fines to the stock exchanges.

- Cochin Shipyard Limited announced the appointment of Dr. Vani Ahluwalia as a Non-official (Independent) Director on its Board. - The appointment, made by the Ministry of Ports, Shipping and Waterways, is for a period of three years from August 17, 2026. - Dr. Ahluwalia is not related to existing Directors and is not debarred or disqualified.

- Cochin Shipyard received fines of ₹9,55,800 each from BSE and NSE for non-compliance with SEBI LODR regulations regarding board composition (insufficient independent directors) and non-constitution of Audit and Nomination & Remuneration Committees for the quarter ended March 31, 2026. - The Board noted that the power to appoint directors vests with the Government of India, and the appointment of the remaining five independent directors is awaited. - The company will continue to follow up with the Administrative Ministry and file waiver requests once compliance is achieved.

- Q1 FY27 Consolidated Revenue ₹1094.21Cr vs ₹1068.59Cr (▲2.40% YoY) - EBITDA ₹193.18Cr vs ₹241.36Cr (▼19.96% YoY) - PAT ₹151.45Cr vs ₹187.83Cr (▼19.37% YoY) - EBITDA Margin 17.65% vs 22.58% (▼493bps) - The company is unable to constitute an Audit Committee due to the absence of the requisite number of independent directors, indicating non-compliance with SEBI LODR Regulations. - Significant delays and uncertainties exist for two passenger vessel contracts (SH.0023 and SH.0024) with expired delivery dates (April 2023, Oct 2023). Liquidated damages total approximately ₹215.7 Cr, and financial impact from vessel ageing, berthing costs, and bank guarantee revalidation is yet to be determined.

- Q1 FY27 Consolidated Operating Revenue ₹1,094.2 Cr vs ₹1,068.6 Cr (▲2.4% YoY) - EBITDA ₹193.2 Cr vs ₹241.4 Cr (▼20.0% YoY) - PAT ₹151.5 Cr vs ₹187.8 Cr (▼19.4% YoY) - EBITDA Margin 17.7% vs 22.6% (▼490bps) - The company's Audit Committee is not constituted due to the absence of requisite independent directors, a non-compliance with SEBI LODR Regulations. - Significant delays in the construction of two passenger vessels for the Andaman & Nicobar Administration, with delivery dates expired (April & October 2023). Construction is suspended, and there is an inability to determine the full financial impact due to vessel ageing, berthing space occupation, and pending renewal of bank guarantees amounting to ₹1,12,412 lakhs. - Delay in completion of the Caisson Gate project by a subsidiary, with the delivery date expired in March 2023 and no progress reported since, leading to increased project costs.