| Purpose | Announcement Date | Book Closure Start Date | Book Closure End Date |
|---|---|---|---|
| BookCloser | 28 Aug 2024 | 14 Sep 2024 | 20 Sep 2024 |
| This is to inform that the 108th Annual General Meeting (AGM) of the Company will be held on Friday 20 Sep 2024 at 1030 Hrs through VC/ OVAM to transact the business as set out in the AGM Notice dated 08 Aug 2024 in accordance with the circulars issued by MCA and SEBI. The deemed venue of the AGM shall be Registered and Corporate Office of the Company. Further in terms of Regulation 42 we wish to inform you that the Register of Members and Share Transfer Books of the Company shall remain closed from 14 Sep 2024 to 20 Sep 2024 (both days inclusive) for the purpose of 108th AGM of the Company and payment of final dividend. The final dividend for financial year 2023-24 if declared at the 108th AGM will be payable within 30 days from the date of declaration to those members whose names appear on the Companys Register of Members/ Beneficial Owners as at the closure of business hours on 13 Sep 2024 (record date). | |||
EBITDA nearly doubled to ₹111.8 crore during the quarter. This is compared to ₹56.3 crore a year ago.
The partnership is expected to improve propulsion efficiency and performance for both defence warships and commercial vessels.
Garden Reach Shipbuilders, Zen Technologies, and Cochin Shipyard saw their stock prices rise between 4% and 6% during Friday’s trade.
These ships are being developed specifically for research and exploration along India’s maritime borders.
SunStone deal is aimed at future cooperation in designing and possibly building expedition cruise vessels ships used for adventure tourism and remote sea travel.
As per its filing, the business also entered into a memorandum of intent with Carsten Rehder Schiffsmakler und Reederei.
Defence stocks witnessed a rally despite a dim market sentiment, adding over 1% in Nifty India Defence index. This marks a third straight session of gains.
Under this MoU, Kongsberg will provide the design framework and technical inputs required to develop the PRV.
The company also stated that it plans to expand its shipbuilding capacity from 24 to 28 ships by the end of FY 2025.
The company said that for FY25, its board of directors recommended a final dividend of ₹4.90 per equity share.
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