Integrated Filing-Governance



General information about company

Scrip Code 543237
NSE Symbol MAZDOCK
MSEI Symbol NOTLISTED
ISIN INE249Z01020
Name of the entity Mazagon Dock Shipbuilders 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? Yes
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? Yes
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? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity No loans (direct/ indirect) were granted to KMPs, Promoter or Promoter group and Directors or entities controlled by them during the period ended 31 March 2026.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 500 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID COMM00986
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 tenure of Independent Directors is as per the letter of appointment received from MoD. Being a Govt. Company, power to appoint Directors is vested with the President of India acting through the MoD, Govt. of India and not in the control of the Company. Efforts are being made with our Administrative Ministry, Govt of India, MoD, DDP for early appointment of Independent Directors.
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. JAGMOHAN 08630668 Executive Director Chairperson MD 23-Sep-1969 No Active NA 21-Apr-2025 1 0 0 0
2 Mr. BIJU GEORGE 09343562 Executive Director Not Applicable 15-Feb-1969 No Active NA 27-Oct-2021 1 0 2 0
3 Mr. VASUDEV RANGANATH PURANIK 09623387 Executive Director Not Applicable 13-Dec-1966 No Active NA 09-Jun-2022 1 0 1 0
4 Mr. RUCHIR AGRAWAL 10166533 Executive Director Not Applicable 31-Jan-1970 No Active NA 07-Mar-2025 1 0 1 0
5 Mr. SHAILESH BHALACHANDRA JAMGAONKAR 11017821 Executive Director Not Applicable 03-Apr-1967 No Active NA 25-Mar-2025 1 0 0 0
6 Mr. RAJEEV PRAKASH 08590061 Non-Executive - Nominee Director Not Applicable 21-Oct-1969 No Active NA 10-Dec-2024 2 0 0 0
7 Mr. DATTAPRASAD PRABHAKAR KHOLKAR 10054086 Non-Executive - Independent Director Not Applicable 05-Nov-1961 No Active NA 23-Feb-2023 22-Feb-2026 36 1 1 1 1 Tenure Completion
8 Mr. CHANDU SAMBASIVA RAO 02296283 Non-Executive - Independent Director Not Applicable 01-May-1964 No Active NA 22-Feb-2024 23-Jan-2026 23.02 1 1 1 0 Others
9 Mr. VIVEK ATUL BHUSKUTE 09417992 Non-Executive - Independent Director Not Applicable 26-Jan-1974 No Active NA 21-Apr-2025 21-Apr-2025 11.09 1 1 1 0
10 Mrs. VENI THAPAR 01811724 Non-Executive - Independent Director Not Applicable 11-Jan-1971 No Active NA 21-Apr-2025 21-Apr-2025 11.09 3 3 4 2
11 Mr. KEDAR NATH GUPTA 06460508 Non-Executive - Independent Director Not Applicable 17-Nov-1964 No Active NA 21-May-2025 21-May-2025 10.09 1 1 1 1



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory Member w.e.f. 29-05-2025 and Chairperson w.e.f. 23-02-2026.Chairperson w.e.f. 24-12-2024 till 22-02-2026.



Audit Committee Details
Whether the Audit 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 01811724 VENI THAPAR Non-Executive - Independent Director Chairperson 29-May-2025 Textual Information(1)
2 10054086 DATTAPRASAD PRABHAKAR KHOLKAR Non-Executive - Independent Director Chairperson 10-Oct-2023 22-Feb-2026 Textual Information(2)
3 09417992 VIVEK ATUL BHUSKUTE Non-Executive - Independent Director Member 23-Feb-2026
4 09343562 BIJU GEORGE Executive Director Member 29-May-2024



Text Block
Textual Information(1) Member w.e.f. 29-05-2025 and Chairperson w.e.f. 23-02-2026
Textual Information(2) Chairperson w.e.f. 24-12-2024 till 22-02-2026



Nomination and remuneration committee
Whether the Nomination and remuneration 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 06460508 KEDAR NATH GUPTA Non-Executive - Independent Director Chairperson 29-May-2025 Textual Information(1)
2 02296283 CHANDU SAMBASIVA RAO Non-Executive - Independent Director Member 24-Dec-2024 23-Jan-2026 Textual Information(2)
3 09417992 VIVEK ATUL BHUSKUTE Non-Executive - Independent Director Member 29-May-2025
4 01811724 VENI THAPAR Non-Executive - Independent Director Member 05-Feb-2026

Text Block
Textual Information(1) Chairperson w.e.f. 09-01-2026
Textual Information(2) Chairperson w.e.f. 24-12-2024 till 09-01-2026






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 06460508 KEDAR NATH GUPTA Non-Executive - Independent Director Chairperson 29-May-2025
2 02296283 CHANDU SAMBASIVA RAO Non-Executive - Independent Director Member 24-Dec-2024 23-Jan-2026 Textual Information(1)
3 09343562 BIJU GEORGE Executive Director Member 30-May-2022
4 09623387 VASUDEV RANGANATH PURANIK Executive Director Member 01-Mar-2025
5 10166533 RUCHIR AGRAWAL Executive Director Member 07-Mar-2025



Text Block
Textual Information(1) Chairperson from 24-12-2024 till 29-05-2025



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 01811724 VENI THAPAR ID Chairperson 29-May-2025
2 09343562 BIJU GEORGE ED Member 28-Dec-2021 Textual Information(1)
3 09623387 VASUDEV RANGANATH PURANIK ED Member 30-Jul-2022
4 10166533 RUCHIR AGRAWAL ED Member 07-Mar-2025
5 11017821 SHAILESH BHALACHANDRA JAMGAONKAR ED Member 25-Mar-2025
6 99999999 B K Sinha General Manager Member 12-Feb-2024 Textual Information(2)



Text Block
Textual Information(1) Chairperson w.e.f. 01-03-2025 till 29-05-2025
Textual Information(2) The member in the Risk Management Committee is a Senior Executive (Below board level) and does not hold DIN.



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 27-Oct-2025 Yes 11
2 09-Jan-2026 73 Yes 11 11 5
3 05-Feb-2026 26 Yes 10 9 4



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
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 Audit Committee 27-Oct-2025 Yes 3 3 2 0
2 Audit Committee 19-Nov-2025 22 Yes 3 3 2 0
3 Audit Committee 05-Feb-2026 77 Yes 3 3 2 0
4 Nomination and remuneration committee 27-Oct-2025 Yes 3 3 3 0
5 Nomination and remuneration committee 09-Jan-2026 73 Yes 3 3 3 0
6 Nomination and remuneration committee 05-Feb-2026 26 Yes 2 2 2 0
7 Stakeholders Relationship Committee 09-Jan-2026 Yes 5 5 2 0
8 Risk Management Committee 24-Mar-2026 73 Yes 5 5 1 1



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 Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
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: Being a Govt. Company, power to appoint Directors is vested with the President of India acting through the MoD, Govt. of India and not in the control of the Company. Efforts are being made with our Administrative Ministry, Govt of India, MoD, DDP for early appointment of Independent Directors.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Lalatendu Acharya
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://mazagondock.in/
1.2 Memorandum of Association and Articles of Association Yes https://mazagondock.in/images/pdf/Memorandum%20of%20Association%20and%20Articles%20of%20Association%20of%20Mazagon%20Dock%20Shipbuilders%20limited_25032025.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://mazagondock.in/English/leadership
2 Terms and conditions of appointment of independent directors Yes https://mazagondock.in/images/pdf/T&C%20of%20appointment%20of%20Part%20Time%20Non%20Official%20Directors.pdf
3 Composition of various committees of board of directors Yes https://mazagondock.in/images/pdf/Committee%20Composition%20w.e.f.%2021.04.2026.pdf
4 Code of conduct of board of directors and senior management personnel Yes https://mazagondock.in/images/pdf/mdl-code-of-conduct-for-director-and-senior-mngt.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://mazagondock.in/images/pdf/whistle-blower-policy.pdf
6 Criteria of making payments to non-executive directors Yes https://mazagondock.in/images/pdf/T&C%20of%20appointment%20of%20Part%20Time%20Non%20Official%20Directors.pdf
7 Policy on dealing with related party transactions Yes https://mazagondock.in/images/pdf/related-party-transaction-policy.pdf
8 Policy for determining material subsidiaries NA
9 Details of familiarization programmes imparted to independent directors Yes https://mazagondock.in/images/pdf/Director%20Familiarization%20Training%20Program.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://mazagondock.in/images/pdf/Investor%20Grievance%20Redressal%20Mechanism.pdf
11 Email address for grievance redressal and other relevant details Yes https://mazagondock.in/images/pdf/Investor%20Grievance%20Redressal%20Mechanism.pdf
12 Financial results Yes https://mazagondock.in/English/Pages/Financial
13 Shareholding pattern Yes https://mazagondock.in/English/Pages/Quarterly-Reports
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://mazagondock.in/English/pages/Intimation-to-Stock-Exchanges
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://mazagondock.in/English/pages/Audio
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://mazagondock.in/English/pages/Newspaper-publications
18 Credit rating or revision in credit rating obtained Yes https://mazagondock.in/images/pdf/MazagonDockShipbuildersLimited_RatingLetter-32315.cleaned.pdf
19 Separate audited financial statements of each subsidiary of the listed entity NA
20 Secretarial compliance report Yes https://mazagondock.in/English/pages/Intimation-to-Stock-Exchanges
21 Materiality policy as per regulation 30 (4) Yes https://mazagondock.in/images/pdf/Materiality_policy_on_stock_exchange_disclosure_updated_29022024.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://mazagondock.in/images/pdf/Contact%20Details%20of%20KMPs%20as%20per%20Reg.%2030(5).pdf
23 Disclosures under regulation 30(8) Yes https://mazagondock.in/English/pages/Intimation-to-Stock-Exchanges
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://mazagondock.in/images/pdf/Dividend-Distribution-Policy-19052022.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://mazagondock.in/English/pages/Annual-Return
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://mazagondock.in/English/investor
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://mazagondock.in/English/investor
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 Our Company is a Government Company under section 2(45) of the Companies Act, 2013, the power to appoint Directors on our Board is vested with the President of India acting through the Ministry of Defence (Administrative Ministry). As on 31 March 2026, MDL had 9 Directors in total [5 Executive Directors and 1 Govt. Nominee Director and 3 Independent Directors]
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) Yes
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) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
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) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
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) Yes
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) Yes
39 Meeting of independent directors 25(3) & (4) Yes
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) Yes
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 NA
Any other information to be provided



Annexure II
1 Name of signatory Lalatendu Acharya
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
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(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
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(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
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(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. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Lalatendu Acharya
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 24-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 3
No. of investor complaints disposed off during the Quarter 2
No. of investor complaints those remaining unresolved at the end of the Quarter 1


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
1 Colombo Dockyard PLC (CDPLC) 19-Jan-2026 0 41.7300 41.7300
2 Colombo Dockyard PLC (CDPLC) 25-Mar-2026 41.7300 9.2700 51.00


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 The company being a government company, the decision to appoint directors on the board of the company including the independent directors vests with the President of India, acting through Ministry of Defence. The company shall apply for waiver on achieving compliance.
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 Bombay Stock Exchange Non-Compliance with respect to the Regulations 17(1) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 pertaining to the composition of Board of Directorsfor an amount of Rs. 5,42,800/- 27-Feb-2026 Board Composition - Failure to maintain 50% of the Board as Independent Directors No Impact
2 National Stock Exchange Non-Compliance with respect to the Regulations 17(1) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 pertaining to the composition of Board of Directors for an amount of Rs. 5,42,800/- 27-Feb-2026 Board Composition - Failure to maintain 50% of the Board as Independent Directors No Impact


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
1 Dy. Commissioner Sales Tax Unit-25 Business Audit Division-4, Mumbai 14-May-2013 Appeal filed for year 2005-06 with Maharashtra Sales Tax Tribunal. The Matter is pending till date. The disputed tax amount is Rs. 416.41 Lakhs. Authority levied VAT on cost plus contract and leavied Penalty u/s 29(3) under MVAT Act No change and hence the status is same as previous quarter disclosure.
2 Dy. Commissioner Sales Tax Unit-25 Business Audit Division-4, Mumbai 24-Sep-2013 Appeal filed for year 2006-07 with Maharashtra Sales Tax Tribunal. The Matter is pending till date. The disputed tax amount is Rs. 3873.94 Lakhs under MVAT Act. Authorities disallowed ITC U/R 53(6). No change and hence the status is same as previous quarter disclosure.
3 Dy. Commissioner Sales Tax Unit-25 Business Audit Division-4, Mumbai 07-Aug-2014 Appeal filed for year 2007-08 with Maharashtra Sales Tax Tribunal. The Matter is pending till date. Total Disputed amount of Rs. 4107.11 lakhs under MVAT Act. Authorities disallowed ITC U/R 53(6). No change and hence the status is same as previous quarter disclosure.
4 Dy. Commissioner Sales Tax Unit-711 Business Audit Division-4, Mumbai 26-Jun-2013 Appeal filed for year 2008-09 with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 1,173.45 Lakhs. Order is passed based on Disallwance of ITC U/R 53(6) of MVAT Act No change and hence the status is same as previous quarter disclosure.
5 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 29-Jul-2013 Appeal filed for year 2009-10 with Maharashtra Sales Tax Tribunal. The Matter is pending till date. The disputed tax amount is Rs. 92.88 Lakhs under MVAT Act. Authorities disallowed setoff and charged VAT on Cost plus contract. No change and hence the status is same as previous quarter disclosure.
6 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 07-May-2014 Appeal filed for year 2010-11 with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 47.99 Lakhs. Disputed amount with regard to VAT on Cost plus contract and disallowance of Set-off. No change and hence the status is same as previous quarter disclosure.
7 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 22-Jul-2014 Appeal filed for year 2011-12 with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 739.89 Lakhs. Disputed amount with regard to VAT on Cost plus contract and disallowance of Set-off. No change and hence the status is same as previous quarter disclosure.
8 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 13-May-2015 Appeal filed for year 2012-13 with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 542.63 Lakhs. Demand arised due to disallowance of Set-off under MVAT. No change and hence the status is same as previous quarter disclosure.
9 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 17-Nov-2016 Appeal filed for year 2013-14 with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 2678.57 Lakhs due to disallowances of ITC U/R 53(6). No change and hence the status is same as previous quarter disclosure.
10 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 31-Jul-2017 Appeal filed for year 2014-15 with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 272.94 Lakhs. Disputed amount is towards ITC mismatch No change and hence the status is same as previous quarter disclosure.
11 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 19-Dec-2017 Appeal filed for year 2015-16 with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 1190.90 Lakhs due to ITC mismatch. No change and hence the status is same as previous quarter disclosure.
12 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 23-Sep-2019 Appeal filed for year 2016-17 with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 760.25 Lakhs towards ITC mismatch No change and hence the status is same as previous quarter disclosure.
13 Dy. Commissioner Sales Tax E-642, Business Audit Division-4, Mumbai 22-Jan-2020 Appeal filed for year 2017-18 (Q1) with Joint Commissioner (Appeals), Sales Tax, Maharashtra. The Matter is pending till date. The disputed tax amount is Rs. 241.15 Lakhs due to ITC mismatch. No change and hence the status is same as previous quarter disclosure.
14 Assistant Commissioner of Sales Tax (Assessment)38 E-ward, Unit-I, Bombay 11-Dec-1984 In this regard, judgement for F.Y. 1980-81, 1981-82 & 1992-93 has been received. The year wise order details are as under; a) FY 1980-81:- MSTT has levied tax of Rs 22.17 Lakhs against the disputed amount of Rs 397.57 Lakhs which has been applied for payment of Rs 3.84 Lakhs under Amnesty Scheme 2025. However, aggrieved by the order, Revenue Department has filed rectification & reference appeal against the said order. b)FY 1981-82:- MSTT has levied tax of Rs 23.87 Lakhs against the disputed amount of Rs 479.74 Lakhs which has been settled by payment Rs 6.33 Lakhs under Amnesty Scheme 2025. c) FY 1992-93:- MSTT has levied tax of Rs 410.28 Lakhs against the disputed amount of Rs 2128.01 Lakhs.Upfront mistake was noticed in order and hence MDL has filed rectification application against the said order. Hence the revised disputed amount in MSTT stand to Rs 99,140.77 Lakhs. In this regard, judgement for F.Y. 1980-81, 1981-82 & 1992-93 has been received. The year wise order details are as under; a) FY 1980-81:- MSTT has levied tax of Rs 22.17 Lakhs against the disputed amount of Rs 397.57 Lakhs which has been applied for payment of Rs 3.84 Lakhs under Amnesty Scheme 2025. However, aggrieved by the order, Revenue Department has filed rectification & reference appeal against the said order. b)FY 1981-82:- MSTT has levied tax of Rs 23.87 Lakhs against the disputed amount of Rs 479.74 Lakhs which has been settled by payment Rs 6.33 Lakhs under Amnesty Scheme 2025. However, aggrieved by the order, Revenue Department has filed rectification & reference appeal against the said order. c) FY 1992-93:- MSTT has levied tax of Rs 410.28 Lakhs against the disputed amount of Rs 2128.01 Lakhs.Upfront mistake was noticed in order and hence MDL has filed rectification application against the said order. Hence the revised disputed amount in MSTT stand to Rs 99620.51 Lakhs.
15 Dy. Commisssioner of Commercial Taxes, Vanijya Therige Bhavan, Mangalore 575001 12-Nov-1992 Matter disputed under Karnataka Sales Tax Act from years 1989-90 to 1996-97. Pending before Karnataka Sales Tax Appellate Tribunal. Total Disputed Amount of Rs. 316.40 lakhs. The Dy. Commissioner of Commercial Taxes Mangalore, had levied Taxes & Penalty Interest under CST Act for classifying the stock trasfer of offshore platforms as Inter state sales not covered under C Form. No change and hence the status is same as previous quarter disclosure.
16 Assistant Commissioner of Service Tax, Mumbai 07-May-2008 Total amount under dispute is Rs. 69.21 Lakhs. Service tax case pertains to refund of resultant excess service tax paid due to Advance ruling on import of services for P75 Project. MDL has filed an appeal with CESTAT seeking refund of excess service tax paid. The case is yet to come for hearing. No change and hence the status is same as previous quarter disclosure.
17 Bombay High Court, MVAX/31/2018 by Additional Commissioner of Sales Tax 03-Nov-2018 Total Disputed amount of Rs. 7563 Lakhs. The subject appeal has been filed by the Commissioner of Sales Tax against the order dated 27.04.2018 passed by the Second Bench of Maharashtra Sales Tax Tribunal in favour of MDL in respect of tax issues pertaining to medium refit cum upgradation of INS Shalki & INS Shankul. MDL's contention in respect of medium refit-cum-upgradation contract of INS Shalki & Shankul is that it is a sale in the course of import and cannot be subjected to tax. In order to avoid payment of any interest and penalty MDL has paid tax under composition @ 8% amounting to Rs. 7563 Lakhs. The Financial claim/ impact in the appeal would be Rs. 7563 Lakhs The Appeal has been admitted by the Bombay High Court vide its order dated 21.02.2019. The Appeal is yet to be listed for hearing. No change and hence the status is same as previous quarter disclosure.
18 Bombay High Court, CEXA/226/2008 by The Commissioner of Service tax 12-Nov-2008 Total Disputed amount of Rs. 4713.08 Lakhs. Service Tax Authorities raised a demand in respect of repairs and maintenance services for ships/submarines rendered by MDL during 2001-2004 on the ground that these fall under the head “Port Services”. MDL filed an Appeal before Commissioner (Appeals) and thereafter before CESTAT. CESTAT vide order dtd.21.04.2008 set aside the demand made by Service Tax Authority. Service Tax Authority have filed this present Appeal before the Bombay High Court against the CESTAT’s order. MDL has filed Affidavit in Reply on 24.12.2024 and the matter yet to listed further. No change and hence the status is same as previous quarter disclosure.
19 The Office Of Commissioner Of Customs JNPT 28-Apr-2025 Appeal filed on 2025-26 with commissioner of custom JNPT. The matter is pending till date. Dispute amount is Rs. 6.17 Lakhs. The matter is pending till date. Office of the Commissioner of Customs (Import) issued the order-in Original dtd 20.12.2024 for short duty payment of amount Rs. 6.17 Lakhs. No change and hence the status is same as previous quarter disclosure.
20 The Office Of Commissioner Of Customs JNPT 28-Apr-2025 Appeal filled on 2025-26 with commissioner of custom JNPT. The matter is pending till date. Dispute amount is Rs. 43.23 Lakhs. Office of the Commissioner of Customs (Import) issued the order – in-Original dtd 22.01.2025 for short duty payment of amount Rs. 43.23 Lakhs. No change and hence the status is same as previous quarter disclosure.