5420112025-01-012025-03-315420112025-03-315420112025-01-012025-03-31CompositionOfBoardOfDirectors15420112025-03-31CompositionOfBoardOfDirectors15420112025-01-012025-03-31CompositionOfBoardOfDirectors25420112025-03-31CompositionOfBoardOfDirectors25420112025-01-012025-03-31CompositionOfBoardOfDirectors35420112025-03-31CompositionOfBoardOfDirectors35420112025-01-012025-03-31CompositionOfBoardOfDirectors45420112025-03-31CompositionOfBoardOfDirectors45420112025-01-012025-03-31CompositionOfBoardOfDirectors55420112025-03-31CompositionOfBoardOfDirectors55420112025-01-012025-03-31CompositionOfBoardOfDirectors65420112025-03-31CompositionOfBoardOfDirectors65420112025-01-012025-03-31CompositionOfCommittees685420112025-03-31CompositionOfCommittees685420112025-01-012025-03-31CompositionOfCommittees695420112025-03-31CompositionOfCommittees695420112025-01-012025-03-31CompositionOfCommittees705420112025-03-31CompositionOfCommittees705420112025-01-012025-03-31CompositionOfCommittees955420112025-03-31CompositionOfCommittees955420112025-01-012025-03-31CompositionOfCommittees965420112025-03-31CompositionOfCommittees965420112025-01-012025-03-31CompositionOfCommittees975420112025-03-31CompositionOfCommittees975420112025-01-012025-03-31CompositionOfCommittees985420112025-03-31CompositionOfCommittees985420112025-01-012025-03-31CompositionOfCommittees995420112025-03-31CompositionOfCommittees995420112025-01-012025-03-31CompositionOfCommittees1005420112025-03-31CompositionOfCommittees1005420112025-01-012025-03-31CompositionOfCommittees1225420112025-03-31CompositionOfCommittees1225420112025-01-012025-03-31CompositionOfCommittees1235420112025-03-31CompositionOfCommittees1235420112025-01-012025-03-31CompositionOfCommittees1245420112025-03-31CompositionOfCommittees1245420112025-03-31MeetingOfBoardOfDirectors15420112025-01-012025-03-31MeetingOfBoardOfDirectors15420112025-03-31MeetingOfBoardOfDirectors25420112025-01-012025-03-31MeetingOfBoardOfDirectors25420112025-03-31MeetingOfBoardOfDirectors35420112025-01-012025-03-31MeetingOfBoardOfDirectors35420112025-03-31MeetingOfBoardOfDirectors45420112025-01-012025-03-31MeetingOfBoardOfDirectors45420112025-03-31MeetingOfBoardOfDirectors55420112025-01-012025-03-31MeetingOfBoardOfDirectors55420112025-01-012025-03-31MeetingOfCommittees15420112025-03-31MeetingOfCommittees15420112025-01-012025-03-31MeetingOfCommittees25420112025-03-31MeetingOfCommittees25420112025-01-012025-03-31MeetingOfCommittees35420112025-03-31MeetingOfCommittees35420112025-01-012025-03-31MeetingOfCommittees45420112025-03-31MeetingOfCommittees45420112025-01-012025-03-31MeetingOfCommittees55420112025-03-31MeetingOfCommittees55420112025-01-012025-03-31MeetingOfCommittees65420112025-03-31MeetingOfCommittees65420112025-01-012025-03-31MeetingOfCommittees75420112025-03-31MeetingOfCommittees75420112024-12-315420112025-03-31ImpositionOfFineOrPenaltyDomain15420112025-03-31ImpositionOfFineOrPenaltyDomain2iso4217:INRxbrli:pure542011GRSENOTLISTEDINE382Z01011Garden Reach Shipbuilders & Engineers Limited2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseDuring the quarter and in terms of the provisions of Para A(1) of Part A of Schedule III of LODR, the Company do not holds any shares or voting rights of an unlisted company, aggregating to 5% or more.truefalseIn terms of the provisions of Para B(8) of Part A of Schedule III of LODR, as on 31 Mar 2025 there are no such Ongoing Tax Litigations or Disputes, outcome thereof which may have an impact on the listed entity.truetrueTop 500 listed entitiestrue443OriginalThe 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 2025, the Company has only one Independent Director (ID), leaving it no proper composition of Board of Directors. The appointment of four Independent Directors, including one independent Woman Director, is currently pending with the Government of India.truetrueMrHARI P R08591411Executive DirectorChairpersonMD1967-05-31falseActiveNA2022-06-10591000MrRAMESH KUMAR DASHABRPD2042D08511344Executive DirectorNot Applicable1965-05-02falseActiveNA2020-07-01591010MrSHANTANU BOSE09631817Executive DirectorNot Applicable1968-04-10falseActiveNA2022-06-08601000MrSUBRATO GHOSHAAQPG9238E10205285Executive DirectorNot Applicable1965-04-03falseActiveNA2023-06-20221010MsGARIMA BHAGAT10881164Non-Executive - Nominee DirectorNot Applicable1973-01-28falseActiveNA2024-12-231000MrSANJEEB MOHANTYAMOPM9386P09559883Non-Executive - Independent DirectorNot Applicable1963-07-19falseActiveNA2022-04-06361111The Govt. of India (GoI) withdrew the nomination of Mr. Rajeev Prakash as Government Nominee Director (GND) w.e.f. 11 Dec 2024. Although a new GND was appointed effective from 23 Dec 2024, the number of Non-Executive Director (NED) / Independent Directors (IDs) on the Board was reduced to two in the interim. Subsequently, with the cessation of Mr. Sanjay Panse, ID, from 27 Dec 2024, the total number of IDs on the Board further reduced to one, thereby falling below the statutory requirement. As a result, the Company is currently unable to reconstitute the Audit Committee and Nomination and Remuneration Committee (NRC) in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. It may be noted that the Company had a duly constituted Audit Committee upto 26 Dec 2024, and the same has not been place since 27 Dec 2024. Similarly, the NRC with properly constituted upto 10 Dec 2024, and has not been place since 11 Dec 2024. The appointment of the requisite number of IDs is currently pending by the GoI. falsefalsetruetruetrueStakeholders Relationship Committee09559883SANJEEB MOHANTYNon-Executive - Independent DirectorChairperson2022-04-25Stakeholders Relationship Committee08511344RAMESH KUMAR DASHExecutive DirectorMember2022-02-11Stakeholders Relationship Committee10205285SUBRATO GHOSHExecutive DirectorMember2023-06-28Risk Management Committee08511344RAMESH KUMAR DASHExecutive DirectorChairperson2022-06-20Risk Management Committee09559883SANJEEB MOHANTYNon-Executive - Independent DirectorMember2024-12-27Risk Management Committee09631817SHANTANU BOSEExecutive DirectorMember2022-06-20Risk Management Committee10205285SUBRATO GHOSHExecutive DirectorMember2023-06-28Risk Management Committee99999999SUNILKUMAR PANANGADANChief Risk OfficerMember2023-06-23DIN not applicabe Risk Management Committee99999999MADHUMITA KHASNOBISRisk CoordinatorMember2023-04-17DIN not applicabe Corporate Social Responsibility Committee09559883SANJEEB MOHANTYNon-Executive - Independent DirectorChairperson2022-06-06Corporate Social Responsibility Committee09631817SHANTANU BOSEExecutive DirectorMember2022-06-20Corporate Social Responsibility Committee10205285SUBRATO GHOSHExecutive DirectorMember2023-06-282024-10-28true7622024-11-1315true7622024-12-1632true6622025-02-0348true6612025-03-1135true651Audit Committee2024-10-27true3320Audit Committee2024-11-1316true3320Nomination and remuneration committee2024-11-12true3220Risk Management Committee2024-12-1633true4412Corporate Social Responsibility Committee2024-11-12true3311Corporate Social Responsibility Committee2025-02-0382true3311Stakeholders Relationship Committee2025-02-03true3310falsefalsefalsetrueYestruetruetrueThe 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.Sandeep MahapatraCompany Secretary and Compliance OfficerYeshttps://grse.in/ship-building/ https://grse.in/ship-repairs/ https://grse.in/engineering/ https://grse.in/engine/Yeshttps://grse.in/shareholders-information/GRSE_MoA_AoA.pdfYeshttps://grse.in/board-of-directors-and-cvo/Yeshttps://grse.in/wp-content/uploads/2022/04/Terms-and-Conditions-of-Appt-of-Non-Executive-Directors.pdfYeshttps://grse.in/board-of-directors-and-committees/BoardofDirectorsanditsCommittees.pdfYeshttps://grse.in/policies/Code_of_Conduct_and_Ethics%20_apr_2025.pdfYeshttps://grse.in/wp-content/uploads/2022/04/Whistle-Blower-Policy-1.pdfYeshttps://grse.in/wp-content/uploads/2022/04/Terms-and-Conditions-of-Appt-of-Non-Executive-Directors.pdfYeshttps://grse.in/policies/GRSE_Policy_for_Related_Party_Transactions.pdfYeshttps://grse.in/wp-content/uploads/2022/04/Policy-for-Determining-Material-Subsidiaries-GRSE.pdfYeshttps://grse.in/board-of-directors-and-committees/Familiarisation_Programme_2023-24.pdfYeshttps://grse.in/investor-grievance/Yeshttps://grse.in/investor-grievance/Yeshttps://grse.in/financial-results/Yeshttps://grse.in/shareholding-pattern-2/Yeshttps://grse.in/corporate-announcement/Yeshttps://grse.in/investor-presentations/Yeshttps://grse.in/investor-presentations/NAYeshttps://grse.in/corporate-announcement/Yeshttps://grse.in/shareholders-information/NAYeshttps://grse.in/corporate-announcement/Yeshttps://grse.in/policies/Policy_for_Determination_of_Materiality_of_Event_or_Information.pdfYeshttps://grse.in/wp-content/uploads/2022/06/Authorisation-of-WTD-and-CS-for-dertermination-of-materiality-of-events.pdfYeshttps://grse.in/corporate-announcement/NAYeshttps://grse.in/wp-content/uploads/2022/04/GRSE-Dividend-Distribution-Policy.pdfYeshttps://grse.in/annual-returns/NAYeshttps://grse.in/disclosure-under-Regulation-46/Yeshttps://grse.in/disclosure-under-Regulation-46/YesNoThe 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.YesYesYesNoThe 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.YesYesYesYesYesNoMinistry 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.YesYesNoThe Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. Following the completion of tenure of Mr. Sanjay Panse, Independent Director, with effect from 27 Dec 2024, the number of IDs has been reduced to one, thereby falling below the statutory requirement. 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. It may be noted that the Company had a duly constituted Audit Committee with a regular Chairperson upto 26 Dec 2024. However, there has been no Audit Committee in place since 27 Dec 2024. Further, the appointment of requisite number of IDs is pending with the Government of India.NoSince 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.YesNoThe Govt. of India withdrew the nomination of Mr. Rajeev Prakash as Government Nominee Director w.e.f. 11 Dec 2024. Consequently, the number of Non-Executive Director (NED) / Independent Directors (IDs) on the Board was reduced to two. Subsequently, with the cessation of Mr. Sanjay Panse, ID, from 27 Dec 2024, the total number of IDs on the Board further reduced to one, thereby falling below the statutory requirement. As a result, the Company is currently unable to reconstitute the Nomination and Remuneration Committee in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. It may be noted that the Company had a duly constituted Nomination and Remuneration Committee with a regular Chairperson upto 10 Dec 2024. However, there has been no Nomination and Remuneration in place since 11 Dec 2024. Further, the appointment of requisite number of IDs is currently pending with the Government of India.YesNoSince 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.YesYesYesYesYesYesYesYesYesYesNANAYesNANANAYesNAYesYesYesYesNAYesYesYesNAYesSandeep MahapatraCompany Secretary and Compliance OfficerYesThe Company have in place the Policy for Determining Material Subsidiaries but there is no subsidiary of the Company.Sandeep MahapatraCompany Secretary and Compliance OfficerfalseSandeep MahapatraCompany Secretary and Compliance OfficerKolkata2025-04-2304400National Stock Exchange of IndiaNSE has imposed fine of Rs. 5,52,240 for non-compliance of Reg 17(1) and 18(1) of SEBI (LODR) Regulations, 2015 pertaining to the Composition of the Board including failure to appoint woman independent director and Constitution of an Audit Committee, respectively.2025-03-17During the quarter, NSE has imposed a fine for the quarter ended December 2024, for non-compliance with the requirement pertaining to composition of the Board including at least one-Woman Independent Director. The number of Independent Directors were less than the minimum required statutory limit in terms of the Regulation 17(1) of the SEBI (LODR) Regulations. Further, the Company did not have a Woman Independent Directors in its Board. Additionally, in accordance with the Regulation 18(1), every listed entity shall constitute a qualified and independent Audit Committee having minimum of 3 directors, two-thirds of whom shall be independent directors. However, the Company was unable to reconstitute the Audit Committee due to an inadequate number of Independent Directors on the Board.At present, there is no immediate monetary impact on the financials of the Company. The Company has filed a detailed response to the Stock Exchange citing that the Company being CPSE under the administrative control of Ministry of Defence, Government of India, the Directors of the Company are appointed by the Government of India through Presidential Order. The action for appointment of Independent Directors including Independent Woman Director on to the Board of CPSEs is not in the hands of the Company and also beyond the control of the Company. Accordingly, GRSE should not be held liable to pay the fines and the same should be waived-off. 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.BSE LimitedBSE has imposed fine of Rs. 5,52,240 for non-compliance of Reg 17(1) and 18(1) of SEBI (LODR) Regulations, 2015 pertaining to the Composition of the Board including failure to appoint woman independent director and constitution of an Audit Committee, respectively.2025-03-17During the quarter, BSE has imposed a fine for the quarter ended December 2024, for non-compliance with the requirement pertaining to composition of the Board including at least one-Woman Independent Director. The number of Independent Directors were less than the minimum required statutory limit in terms of the Regulation 17(1) of the SEBI (LODR) Regulations. Further, the Company did not have a Woman Independent Directors in its Board. Additionally, in accordance with the Regulation 18(1), every listed entity shall constitute a qualified and independent Audit Committee having minimum of 3 directors, two-thirds of whom shall be independent directors. However, the Company was unable to reconstitute the Audit Committee due to an inadequate number of Independent Directors on the Board.At present, there is no immediate monetary impact on the financials of the Company. The Company has filed a detailed response to the Stock Exchange citing that the Company being CPSE under the administrative control of Ministry of Defence, Government of India, the Directors of the Company are appointed by the Government of India through Presidential Order. The action for appointment of Independent Directors including Independent Woman Director on to the Board of CPSEs is not in the hands of the Company and also beyond the control of the Company. Accordingly, GRSE should not be held liable to pay the fines and the same should be waived-off. 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.00000000Nil00Nil00Nil00Nil00Nil00Nil00Nil00Nil00All 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.trueRamesh Kumar DashCFOKolkata2025-04-22