Garden Reach Shipbuilders & Engineers Share Price

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Please refer our letter No. SECY/GRSE/BD-69/CA/04/25-26 dated 09 Apr 2025 wherein we have communicated about the Receipt of Letter of Award for Construction and Delivery of two Coastal Research Vessels (CRV) for the Geological Survey of India (GSI). In terms of Reg 30 of SEBI (LODR) 2015 we wish to inform you that the company has signed the Contract for Construction of two CRVs for the GSI on 11 Jun 2025.There has been no change in the Financial Implications of the Order/ Contract.Press Release in this Regard is enclosed.

In terms of Regulation 30 we wish to inform you that during an official delegation visit to Sweden and Denmark the Company has entered into the Memorandum of Understandings with:(a) M/s Berg Propulsion Sweden(b) M/s SunStone DenmarkThe details are attached herewith

In terms of Regulation 30 of SEBI (LODR) Regulations 2015 we wish to inform you that during and official delegation visit to Norway the company has signed following Memorandum of Intent (MoI) and Memorandum of Understandings (MoUs):(a) GRSE signed MoI with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany for the construction of four (04) follow-on 7500 DWT Multi-Purpose Vessels. The firm contract for the vessels is expected to be finalized by 31 Aug 2025.(b) MoU with M/s Aries Marine a Dubai based established and independent engineering and design firm for offshore Platform and vessel design. This MoU aims to facilitate collaboration on identifying and developing offshore orders for platforms designed by Aries and built by GRSE.(c) GRSE also signed MoU with a Global Engine Manufacturer on the same day.

This has reference to Notices issued by NSE and BSE on 04 Jun 2025 seeking clarification in relation to news / article published in Medial Publication and Rumour Verification.In this regard we would like to submit that the information mentioned in the article/ news regarding signing of a MoU with M/s Kongsberg Norway is affirmative. The Company has entered into a non-binding MoU with M/s Kongsberg to receive design expertise for indigenous construction of a Polar Research Vessel. This represents a general understanding and has been signed in ordinary course of business.We further submit that the said MoU does not involve any financial commitment or obligation and does not have any financial impact on the Company. Accordingly it does not constitute a material event under Regulation 30 of SEBI (LODR) Regulations 2015.The detail responses on the clarification sought by Stock exchanges is attached herewith.

The Exchange has sought clarification from Garden Reach Shipbuilders & Engineers Ltd on June 4 2025 with reference to news appeared in www.moneycontrol.com dated June 4 2025 quoting Garden Reach Shipbuilders shares hit record high as it signs MoU for Indias first polar research ship <BR><BR>The reply is awaited.