COCHINSHIP

- Cochin Shipyard Limited received notices from BSE and NSE imposing a fine of ₹9,66,420 each (including GST) for non-compliance with SEBI LODR Regulations. - The non-compliance pertained to the absence of sufficient Independent Directors and issues with the constitution of the audit and nomination & remuneration committees during the quarter ended June 30, 2026. - The company has appointed Dr. Vani Ahluwalia as a Non-official (Independent) Director to rectify the board and committee composition. - The company plans to file requests for waiver of the imposed fines.

- Cochin Shipyard Limited appointed Dr. Vani Ahluwalia as a Non-official (Independent) Director on its Board for a period of three years from August 17, 2026. This appointment was made by the Ministry of Ports, Shipping and Waterways, Government of India.

- Stock Exchanges (BSE and NSE) imposed a fine of ₹9,55,800 each (including GST) on Cochin Shipyard Limited. - The fine is for non-compliance with SEBI LODR Regulations 17(1), 18, and 19 regarding the composition of the Board of Directors (absence of sufficient independent directors) and the constitution of the Audit Committee and Nomination and Remuneration Committee. - The Board noted that the power to appoint Directors vests with the Government of India and efforts are being made to meet compliance requirements. One independent director has been appointed, and five more are awaited.

- Q1 FY27 Consolidated Revenue ₹1094.21 Cr vs ₹1068.59 Cr (▲2.40% YoY) - EBITDA ₹193.18 Cr vs ₹241.36 Cr (▼19.96% YoY) - PAT ₹151.45 Cr vs ₹187.83 Cr (▼19.37% YoY) - EBITDA Margin 17.65% vs 22.59% (▼494bps) - The company reported an inability to constitute an Audit Committee due to the absence of the requisite number of independent directors, which is non-compliant with SEBI LODR Regulations. - Significant delays and uncertainties persist regarding the construction of two passenger vessels for the Andaman & Nicobar Administration, with expired delivery dates and ongoing reallocation discussions requiring technical modifications and cost re-evaluation. - Other issues include discrepancies in lease accounting and delayed lease rent payments for Hooghly Cochin Shipyard Limited, and delays in the Caisson Gate project leading to increased costs.

- Shri Subramanian K K has been promoted to General Manager (Employee Relations) (E7 Level). - He has been appointed as Senior Management Personnel of Cochin Shipyard Limited effective August 11, 2026.

- Ministry of Ports, Shipping and Waterways approved the extension of additional charge of Chairman & Managing Director to Shri Jose V J, Director (Finance). - The extension is for 7 months, effective August 1, 2026, or until a regular incumbent is appointed, whichever is earlier.

- The Ministry of Ports, Shipping and Waterways appointed Shri Mukesh Mangal ITS and Smt. Anupama T. V. IAS as Part-time Official (Nominee) Directors, effective July 17, 2026. - Shri Venkatesapathy S IAS and Shri P.B Nooh IAS ceased to be Directors on the same date.

- Promoter (President of India, through Ministry of Ports, Shipping and Waterways) announced an Offer for Sale (OFS) of Cochin Shipyard Limited shares (face value ₹5). - Base Offer Size: 66,29,636 Equity Shares (2.52% of paid-up capital). The oversubscription option for an additional 66,29,636 shares (2.52%) has been exercised. - Total Offer Size: Up to 1,32,59,272 Equity Shares (5.04% of paid-up capital). - Non-Retail Investors bid on July 7, 2026, and Retail Investors/Employees bid on July 8, 2026. - 10% of the total offer (1,325,928 shares) is reserved for the Retail category, and 26,308 shares (0.20% of Offer Shares) for eligible employees.

- Promoter (President of India) to sell up to 66,29,636 equity shares (2.52%) of Cochin Shipyard Ltd. via Offer for Sale. - Oversubscription option for additional 2.52% shares. - OFS dates: July 7-8, 2026. - Floor Price: ₹1400.00 per share.

- The trading window for dealing in the Company's securities will be closed for all Designated Persons from July 01, 2026. - It will remain closed till 48 hours after the financial results for the quarter ended June 30, 2026, are made public.

- Cochin Shipyard Limited (CSL) announced the incorporation of its Joint Venture Company (JVC), "Green Maritime Propulsion Private Limited", on June 11, 2026. - The JVC is formed with HBL Engineering Limited (HBL) to develop electric mobility technology and energy storage solutions in the maritime space. - CSL has subscribed to 36 lakh equity shares for ₹3.60 crore, representing 40% of the JVC's equity share capital. - The collaboration aims to leverage complementary strengths for indigenous capabilities and products for the maritime sector.

Cochin Shipyard Limited announced the extension of the additional charge of the post of Chairman & Managing Director to Shri Jose V J, Director (Finance). This extension is for a further period of 3 months, effective May 01, 2026, or until a regular incumbent joins the post, or until further orders, whichever is earliest.

Cochin Shipyard Limited has been fined Rs. 9,55,800 each by BSE and NSE for non-compliance with SEBI LODR Regulations 17(1), 18, and 19. The non-compliance relates to the composition of its Board (absence of sufficient independent directors) and the constitution of the audit and nomination & remuneration committees for the quarter ended March 31, 2026. The company attributes the delay to the Government of India's director appointment process and plans to request waivers for the fines.

Cochin Shipyard Limited reported consolidated Q4 FY26 Revenue of ₹1,484.28 Cr vs ₹1,757.65 Cr (▼15.55% YoY), EBITDA of ₹309.76 Cr vs ₹265.78 Cr (▲16.55% YoY), and PAT of ₹276.48 Cr vs ₹287.19 Cr (▼3.73% YoY). EBITDA Margin expanded from 15.12% to 20.87% (▲575bps). For the full year FY26, revenue increased 4.19% YoY to ₹5,021.87 Cr, but PAT declined 13.36% YoY to ₹716.74 Cr. A final dividend of Rs. 1.50 per share was recommended. The company highlighted a governance issue regarding the non-compliance of Board composition due to a lack of requisite independent directors. Additionally, there are significant delays and uncertainties in two passenger vessel shipbuilding contracts, with construction activities suspended and financial impact yet to be determined.

Consolidated Revenue ₹1484.28 Cr vs ₹1757.65 Cr (▼15.55% YoY), EBITDA ₹309.76 Cr vs ₹265.78 Cr (▲16.55% YoY), PAT ₹276.48 Cr vs ₹287.19 Cr (▼3.73% YoY). EBITDA Margin 20.87% vs 15.12% (▲575bps). The Board recommended a final dividend of Rs. 1.5 per equity share. The company noted issues with two shipbuilding contracts with the A&N Administration, where delivery dates expired, and discussions are ongoing for reallocation/modification of vessels.

Consolidated Revenue ₹1641.33 Cr vs ₹1914.79 Cr (▼14.3% YoY), EBITDA ₹466.82 Cr vs ₹422.92 Cr (▲10.4% YoY), PAT ₹276.48 Cr vs ₹287.19 Cr (▼3.7% YoY). EBITDA Margin 28.4% vs 22.1% (▲635bps). The Board recommended a final dividend of ₹1.5 per equity share.