Appointment of Part-time official official (Nominee) Director
Awaiting price reaction for this filing.
Cochin Shipyard Limited has appointed Shri P.B Nooh IAS as a Part-time Official (Nominee) Director on its Board, effective June 20, 2025, until further orders. The appointment was made by the Ministry of Ports, Shipping & Waterways, Government of India, reflecting the government's stake in the PSU shipbuilder. Shri Nooh is a 2012-batch IAS officer of the Kerala cadre, currently serving as Special Secretary in the Transport Department, Government of Kerala. He also chairs Kerala Transport Development Finance Corporation and Kerala State Civil Supplies Corporation (Supplyco). He is not related to any existing director and is not debarred or disqualified from holding directorship under any SEBI order or Section 164 of the Companies Act, 2013.
This is a routine government nominee director appointment at a public sector undertaking and is unlikely to have any material impact on the stock price or existing shareholders. It reinforces the government's oversight role on the board of the PSU.