Mazagon Dock Shipbuilders Ltd

Director appointment

• MoD appoints Shri KM. Ravi Kumar as Non-Official Independent Director for 3 years, effective upon DIN allotment.
• Effective date to be intimated after DIN activation.

Governance and compliance update

• Board reviewed the SEBI Listing Regulations non-compliance notice at 30 July 2026 meeting.
• Company to again write to the Ministry of Defence for appointment of independent directors.
• Board noted powers to appoint directors in government companies vest with the President of India.
• Hence, follow-up with Administrative Ministry will continue.
• No material impact on operations or financials disclosed in this update.

Dividend record date

• Record date fixed as 20 August 2026 for Final Dividend eligibility.
• Dividend, if declared at the AGM, will be paid within 30 days after conclusion.

Order book & milestones

• Corporate Investors Presentation for quarter ended 30 June 2026 uploaded on MDL website.
• Total Order Book as of 30 June 2026: INR 18,218 crore.
• P15B Destroyers: 28,753 Cr, 4 contracted, balance 283 Cr.
• P17A Frigates: 27,257 Cr, 4 contracted, balance 7,587 Cr.
• ICGS/NGOPV/FPV: 2,849 Cr, 21 contracted, balance 2,649 Cr.
• P75 Kalvari Submarines: 29,981 Cr, 6 contracted, balance 1,678 Cr.
• ONGC DSF II & PRP 8 Grade A: 5,465 Cr, 2 contracted, balance 2,774 Cr.
• AIP: 1,758 Cr, 1 contracted, balance 1,542 Cr.
• MoU with NACE India; IIT Madras CSR support; PSE Technology & Innovation Award 2026.
• Keel laying/plate cutting ceremonies for Coast Guard and other vessels (Apr-Jun 2026).

Financial results approved

• Board approved standalone and consolidated unaudited results for quarter ended 30 June 2026.
• Limited Review Reports attached; results uploaded on the company website.
• Standalone: Revenue from operations Rs 277,099 lakh; Total income Rs 308,075 lakh; PBT Rs 68,412 lakh.
• Standalone: Net profit after tax Rs 50,971 lakh; Total comprehensive income Rs 50,964 lakh.
• Consolidated: Revenue from operations Rs 294,270 lakh; Total income Rs 325,588 lakh.
• Consolidated: PBT Rs 68,645 lakh; Net profit after tax Rs 55,046 lakh.

Auditor reports and regulatory notes

• Independent Auditor’s limited review reports issued; conclusion not modified.
• One foreign subsidiary outside India not reviewed; management-certificate provided and conversion performed.
• Consolidated results include Colombo Dockyard PLC; Goa Shipyard Limited equity-accounted as associate.

Group consolidation details

• Colombo Dockyard PLC consolidated as subsidiary; Goa Shipyard Limited equity-accounted as associate.

Event details

• INS Mahendragiri commissioned into the Indian Navy at Visakhapatnam on 11 July 2026.
• MDL-built Nilgiri-class stealth frigate features about 75% indigenous content.
• Ship achieved 21% faster build period versus First-of-Class vessel.
• Delivered five warships and one submarine to Indian Navy in 16 months.
• The project demonstrates Atmanirbhar Bharat and Make in India with domestic defence ecosystem.
• Key combat systems achieved full operational readiness prior to delivery.
• Induction strengthens India's maritime security posture and indigenous shipbuilding capability.