Garden Reach Shipbuilders & Engineers Limited Discloses Substantial Shareholding Under SEBI Regulations

Garden Reach Shipbuilders & Engineers Limited has submitted a disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to both the National Stock Exchange of India Limited and BSE Limited. The disclosure, dated April 2, 2026, provides details about the substantial shareholding in the company as of March 31, 2026.

Shareholding Details

The President of India, acting through the Ministry of Defence, holds a significant stake in Garden Reach Shipbuilders and Engineers Limited. According to the disclosure, the shareholding position remained unchanged during the financial year with respect to encumbrances.

Particulars Details Shareholder President of India acting through Ministry of Defence Number of Equity Shares 8,53,41,240 Date of Shareholding 31 March 2026 Encumbrances During FY26 None

Key Information

The disclosure confirms that no encumbrances were created on the shares held by the President of India, either directly or indirectly, during the financial year ended March 31, 2026. This information has been submitted for the records of both stock exchanges.

The communication was addressed to the National Stock Exchange of India Limited (Symbol: GRSE) and BSE Limited (Scrip Code: 542011). The disclosure was signed by an authorized signatory from the Ministry of Defence, New Delhi, with Vikas Khera, Deputy Secretary, as the signatory.

Garden Reach Shipbuilders & Engineers has delivered exceptional financial performance in FY26, achieving its highest-ever revenue and profit. The defense shipbuilding company recorded landmark results with significant growth across all major financial parameters, reflecting robust operational efficiency and strong demand in the maritime defense sector. The Board of Directors approved the audited financial results at its meeting held on 28 Apr 2026.

Record-Breaking Annual Performance

The company's FY26 results demonstrate unprecedented growth momentum across key financial metrics:

Financial Metric: FY26 FY25 Growth (%) Total Income: ₹7,276.54 crore ₹5,410.53 crore +34.49% Revenue: ₹7,002.16 crore ₹5,075.69 crore +37.95% EBITDA: ₹1,069.69 crore ₹756.10 crore +41.47% PAT: ₹747.93 crore ₹527.40 crore +41.81% EPS: ₹65.29 ₹46.04 +41.81%

Strong Q4 Quarter Results

The fourth quarter performance continued the strong momentum with robust growth across all parameters:

Q4 Performance: Q4 FY26 Q4 FY25 Growth (%) Total Income: ₹2,190.37 crore ₹1,756.25 crore +24.72% Revenue: ₹2,119.21 crore ₹1,642.04 crore +29.06% EBITDA: ₹426.45 crore ₹334.92 crore +27.33% PAT: ₹303.20 crore ₹244.25 crore +24.14%

Operational Excellence and Delivery Performance

Commenting on the results, Cmde PR Hari, Chairman and Managing Director, stated that FY26 marks a landmark year for GRSE wherein robust physical performance has been translated into strong financial results. During the year, the company delivered 8 warships, achieving a delivery rate of one ship every one and a half months, representing a credible achievement by industry standards.

Shareholder Returns and Dividend Declaration

Reflecting its strong financial performance and cash generation capabilities, the Board of Directors has recommended a final dividend of ₹6.70 per equity share for FY26, subject to the approval of the shareholders at the ensuing Annual General Meeting. The final dividend would be paid within 30 days from the date of its declaration at the 110th AGM of the Company. This final dividend is in addition to two interim dividends of ₹12.90 per equity share already paid during the financial year.

Dividend Details: Amount Final Dividend Per Share: ₹6.70 Interim Dividends Paid: ₹12.90 Total Dividend FY26: ₹19.60

Financial Ratios and Key Metrics

The company's financial health indicators show strong performance across multiple parameters:

Key Ratios: FY26 FY25 Debt Service Coverage Ratio: 41.56 times 8.72 times Interest Service Coverage Ratio: 63.34 times 69.13 times Net Profit Margin: 10.68% 10.39% Current Ratio: 1.23 times 1.17 times

The comprehensive financial performance across revenue growth, margin expansion, and profitability improvement positions Garden Reach Shipbuilders & Engineers favorably for continued growth in the defense shipbuilding sector.

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