Garden Reach Shipbuilders & Engineers Limited has informed the Exchange regarding Change in Director(s) of the company.
GRSE · price
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Awaiting price reaction for this filing.
GRSE has informed the exchanges that DIG Subrato Ghosh, ICG (Retd.), Director (Personnel), will cease to hold office on the board effective 01 May 2025. He was appointed on 20 Jun 2023 for a term lasting until his superannuation or further orders from the Ministry of Defence. He is superannuating on 30 Apr 2025, triggering this cessation. No replacement appointment has been announced in this filing. The change is part of the regular government-directed board rotation cycle for this defence PSU.
This is a routine, planned superannuation with no governance red flags. Shareholders should expect a successor to be appointed by the Ministry of Defence in due course; near-term impact on the stock is expected to be neutral.