Integrated Filing-Governance



General information about company

Scrip Code 542011
NSE Symbol GRSE
MSEI Symbol NOTLISTED
ISIN INE382Z01011
Name of the entity Garden Reach Shipbuilders & Engineers Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity During the quarter and in terms of the provisions of Para A(1) of Part A of Schedule III of SEBI (LODR) Regulations, 2015, the Company does not hold any shares or voting rights in unlisted company, aggregating to 5% or more.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? No
Reason For Part E Of Annexure I Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Not Applicable To The Entity In terms of the provisions of Para B(8) of Part A of Schedule III of (LODR) Regulations, 2015, and as on 31 Dec 2025, there are no such Ongoing Tax Litigations or Disputes, outcome thereof which may have an impact on the Company.
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID 443
Reason For No SCORE ID
Type of Submission Original
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Orders. As on 31 Mar 2026, the Company has only one Independent Director (ID), leaving it with improper composition of Board of Directors. The appointment of four Independent Directors, including one independent Woman Director, is currently pending with the Government of India.
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO Yes Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. HARI P R 08591411 Executive Director Chairperson MD 31-May-1967 No Active NA 10-Jun-2022 59 1 0 0 0
2 Mr. SHANTANU BOSE 09631817 Executive Director Not Applicable 10-Apr-1968 No Active NA 08-Jun-2022 60 1 0 1 0
3 Mr. SUNILKUMAR PANANGADAN 11193635 Executive Director Not Applicable 20-Oct-1972 No Active NA 14-Jul-2025 60 1 0 0 0
4 Mr. NIRANJAN MUKUND BHALERAO 10941391 Executive Director Not Applicable 05-Jul-1971 No Active NA 06-Oct-2025 60 1 0 1 0
5 Mr. RAJEEV PRAKASH 08590061 Non-Executive - Nominee Director Not Applicable 21-Oct-1969 No Active NA 15-Jul-2025 2 0 0 0
6 Mr. KAMLESHBHAI SHASHIKANTBHAI MIRANI 11118795 Non-Executive - Independent Director Not Applicable 04-Dec-1971 No Active NA 21-May-2025 21-May-2025 36 1 1 1 1



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory .During the quarter, due to non-availability of the requisite number of Independent Directors (IDs), the Company did not have Audit Committee and Nomination and Remuneration Committee (NRC). The appointment of the requisite number of IDs by the Government of India is presently awaited.



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson No
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson No
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 11118795 KAMLESHBHAI SHASHIKANTBHAI MIRANI Non-Executive - Independent Director Chairperson 01-Jun-2025
2 09631817 SHANTANU BOSE Executive Director Member 01-Jun-2025
3 10941391 NIRANJAN MUKUND BHALERAO Executive Director Member 06-Oct-2025



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 09631817 SHANTANU BOSE ED Chairperson 01-Jun-2025
2 11193635 SUNILKUMAR PANANGADAN ED Member 14-Jul-2025
3 10941391 NIRANJAN MUKUND BHALERAO ED Member 06-Oct-2025
4 11118795 KAMLESHBHAI SHASHIKANTBHAI MIRANI ID Member 01-Jun-2025
5 99999999 BHUBNESHWAR MISHRA Chief Risk Officer Member 14-Jul-2025 31-Mar-2026 Textual Information(1)
6 99999999 BIJAY DAS Risk Coordinator Member 01-Aug-2025 Textual Information(2)



Text Block
Textual Information(1) Cdr Bhubneshwar Mishra, IN (Retd.) superannuated on 31 Mar 2026, and accordingly he ceased to be the Chief Risk Officer of the Company w.e.f. 31 Mar 2026. DIN is not available.
Textual Information(2) DIN is not available.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 04-Nov-2025 Yes 6 6 1
2 28-Jan-2026 84 Yes 6 5 1
3 21-Feb-2026 23 Yes 6 6 1
4 18-Mar-2026 24 Yes 6 5 1



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory During the quarter, due to non-availability of the requisite number of Independent Directors (IDs), the Company did not have Audit Committee and Nomination and Remuneration Committee (NRC). The appointment of the requisite number of IDs by the Government of India is presently awaited.
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Risk Management Committee 28-Oct-2025 Yes 4 4 1 2
2 Stakeholders Relationship Committee 28-Jan-2026 Yes 3 3 1 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 No
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee No
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee No
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here: The Company, being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Orders. The appointment of four Independent Directors (IDs), including one Independent Woman Director, is currently pending with the Government of India. As a result, the Company is presently unable to comply with the provisions of Board composition under Regulation 17 of SEBI (LODR) Regulations, 2015. Further, due to non-availability of requisite number of Independent Directors, the Company did not have Audit Committee and Nomination and Remuneration Committee (NRC) throughout the quarter.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Sandeep Mahapatra
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://grse.in/ship-building/ https://grse.in/ship-repairs/ https://grse.in/engineering/ https://grse.in/engine/
1.2 Memorandum of Association and Articles of Association Yes https://grse.in/shareholders-information/GRSE_MoA_AoA.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://grse.in/board-of-directors-and-cvo/
2 Terms and conditions of appointment of independent directors Yes https://grse.in/wp-content/uploads/2022/04/Terms-and-Conditions-of-Appt-of-Non-Executive-Directors.pdf
3 Composition of various committees of board of directors Yes https://grse.in/board-of-directors-and-committees/Board%20of%20Directors%20and%20its%20Committees.pdf
4 Code of conduct of board of directors and senior management personnel Yes https://grse.in/policies/Code%20of%20Conduct%20and%20Ethics%20-%202026.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://grse.in/wp-content/uploads/2022/04/Whistle-Blower-Policy-1.pdf
6 Criteria of making payments to non-executive directors Yes https://grse.in/wp-content/uploads/2022/04/Terms-and-Conditions-of-Appt-of-Non-Executive-Directors.pdf
7 Policy on dealing with related party transactions Yes https://grse.in/policies/GRSE-Policy_for_Related_Party_Transactions_25_5_23.pdf
8 Policy for determining material subsidiaries Yes https://grse.in/wp-content/uploads/2022/04/Policy-for-Determining-Material-Subsidiaries-GRSE.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://grse.in/board-of-directors-and-committees/Familiarisation%20Programme%20-%202024-25_02.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://grse.in/investor-grievance/
11 Email address for grievance redressal and other relevant details Yes https://grse.in/investor-grievance/
12 Financial results Yes https://grse.in/financial-results/
13 Shareholding pattern Yes https://grse.in/shareholding-pattern-2/
14 Details of agreements entered into with the media companies and/or their associates Yes https://grse.in/corporate-announcement/
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://grse.in/investor-presentations/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://grse.in/investor-presentations/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://grse.in/corporate-announcement/
18 Credit rating or revision in credit rating obtained Yes https://grse.in/shareholders-information/
19 Separate audited financial statements of each subsidiary of the listed entity NA
20 Secretarial compliance report Yes https://grse.in/corporate-announcement/
21 Materiality policy as per regulation 30 (4) Yes https://grse.in/policies/Policy_for_Determination_of_Materiality_of_Event_or_Information.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://grse.in/wp-content/uploads/2022/06/Authorisation-of-WTD-and-CS-for-dertermination-of-materiality-of-events.pdf
23 Disclosures under regulation 30(8) Yes https://grse.in/corporate-announcement/
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://grse.in/policies/Dividend_Distribution_Policy_apr_2025.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://grse.in/annual-returns/
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://grse.in/disclosure-under-regulation/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://grse.in/disclosure-under-regulation/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) No The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. The appointment of four Independent Directors, including one independent Woman Director, is currently pending with the Government of India. Consequently, the Company is presently unable to comply with the provisions of Board composition under Regulation 17(1) of SEBI (Regulations), 2015.
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) No The Company being CPSE, the appointment of Directors is carried out by the Public Enterprises Selection Board (PESB) and formalized through Presidential Orders. Accordingly, the Company does not have a succession plan for its Directors. However, a succession plan is maintained for Senior Management Personnel.
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) No Ministry of Corporate Affairs vide its notification dated 5th June 2015 has exempted the Government Companies from the requirement of performance evaluation of Directors under the Companies Act, 2013, as the evaluation of Independent Directors is undertaken by the respective administrative Ministry.
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) No The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. Due to the pending appointments of adequate number of Independent Directors on to the Board of the Company by the Government of India, the Company is unable to constitute the Board of Directors with optimum combination of Non-Executive Directors, Independent Directors including Women Independent Director. As a result, the Company is unable to reconstitute the Audit Committee in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. Further, the appointment of requisite number of IDs is pending with the Government of India.
16 Meeting of Audit Committee 18(2) No Since 27 Dec 2024, due to an insufficient number of IDs on the Board, the Company is unable to reconstitute the Audit Committee. Consequently, no Audit Committee Meeting have been held since that date. Prior to 27 Dec 2024, the Company conducted Audit Committee Meetings at a regular interval in compliance with the applicable regulations. The appointment of IDs is currently pending by the Government of India.
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) No The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. Due to the pending appointments of adequate number of Independent Directors on to the Board of the Company by the Government of India, the Company is unable to constitute the Board of Directors with optimum combination of Non-Executive Directors, Independent Directors including Women Independent Director. As a result, the Company is unable to reconstitute the Nomination & Remuneration Committee in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. Further, the appointment of requisite number of IDs is pending with the Government of India.
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) NA
20 Meeting of Nomination and Remuneration Committee 19(3A) No Since 11 Dec 2024, due to an insufficient number of NED/ IDs on the Board, the Company is unable to reconstitute the Nomination and Remuneration Committee. Consequently, no Nomination and Remuneration Committee Meeting have been held since that date. Prior to 11 Dec 2024, the Company conducted Nomination and Remuneration Committee Meetings at a regular interval in compliance with the applicable regulations. The appointment of IDs is currently pending by the Government of India.
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) NA
32 Approval for material related party transactions 23(4) NA
33 Disclosure of related party transactions on consolidated basis 23(9) NA
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) NA
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) NA
39 Meeting of independent directors 25(3) & (4) No The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. Currently, there is only one Independent Director on the Board of the Company. As a result, the Company is unable to hold a meeting of Independent Directors. Further, the appointment of requisite number of IDs is pending with the Government of India.
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided Textual Information(1)



Text Block
Textual Information(1) The Company have in place the Policy for Determining Material Subsidiaries but as on 31 Mar 2026 there is no subsidiary or associate of the Company.



Annexure II
1 Name of signatory Sandeep Mahapatra
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them NA 0 0
Promoter Group or any other entity controlled by them NA 0 0
Directors (including relatives) or any other entity controlled by them NA 0 0
KMPs or any other entity controlled by them NA 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them NA 0 0
Promoter Group or any other entity controlled by them NA 0 0
Directors (including relatives) or any other entity controlled by them NA 0 0
KMPs or any other entity controlled by them NA 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes
Name HARI P R
Designation CEO
Place KOLKATA
Date 10-Apr-2026



Signatory Details
Name of signatory Sandeep Mahapatra
Designation of person Company Secretary and Compliance Officer
Place KOLKATA
Date 10-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 5
No. of investor complaints disposed off during the Quarter 5
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 BSE Limited The BSE Limited (BSE) has imposed a fine of Rs. 9,77,040 for non-compliance with Regulations 17 (1), 18(1) and 19(1)/19(2) of the SEBI (LODR) Regulations, 2015. The non-compliances relate to the composition of the Board, including non-appointment of a Woman Independent Director and non-constitution/re-constitution of the Audit Committee and Nomination & Remuneration Committee. 27-Feb-2026 During the quarter, BSE levied the fine for the quarter ended 31 Dec 2025, on account of non-compliance with the requirements relating to the composition of the Board including the absence of a Woman Independent Director and an inadequate number of Independent Directors, in terms of Regulation 17(1) of the SEBI (LODR) Regulations, 2015. Further, in accordance with Regulation 18(1), every listed entity is required to constitute a qualified and Independent Audit Committee comprising a minimum of three directors, two-thirds of whom shall be Independent. Owing to the insufficiency of Independent Directors, the Company could not reconstitute the Audit Committee. Similarly, as per Regulation 19(1), the Nomination and Remuneration Committee (NRC) must consist of at least three directors, with two-thirds being Independent and all non-executive. The Company was unable to reconstitute the NRC for the same reason. At present, there is no immediate monetary impact on the financials of the Company. The Company has submitted a detailed response to the Stock Exchange stating that, as a CPSE under the administrative control of the Ministry of Defence, Government of India, the appointment of Directors, including Independent and Woman Independent Directors, is made by the Government through Presidential Orders. Hence, the Company has no control over the appointment process, and the delay in such appointments is beyond its perview. Accordingly, the Company has requested BSE to reconsider and waive the imposed fine. It is pertinent to note that the Company has from time to time made requests to the administrative Ministry and has been regularly following up with the Government regarding appointment of requisite number of IDs (including Woman ID) on the Board. The response on the same is still awaited from the Government. However, the Company is pursuing the matter with the Government of India for early resolution.


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute