Cochin Shipyard Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
COCHINSHIP · price
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Cochin Shipyard held its 53rd AGM on September 29, 2025, through video conferencing, chaired by CMD Madhu Sankunny Nair. As of the cut-off date (September 22, 2025), the company had 10,34,693 shareholders on record. Twelve resolutions were transacted, including adoption of audited standalone and consolidated financial statements for FY25, declaration of dividends, ratification of director appointments, and appointment of new directors. Both statutory and C&AG audit reports were clean with no qualifications. A total dividend of ₹9.75 per equity share (face value ₹5) was confirmed/declared for FY 2024-25, comprising two interim dividends of ₹4.00 and ₹3.50, plus a final dividend of ₹2.25. Shareholders raised queries on ESG, CSR, defense projects, order book, and future plans, which were addressed by the CMD. New appointments include directors for Technical, Operations, two IAS nominee directors, and an independent director.
Clean audit reports and a total dividend of ₹9.75 per share for FY25 are positive signals for shareholders. Multiple board appointments, including new functional and government nominee directors, indicate ongoing leadership restructuring at this PSU shipbuilder.