Garden Reach Shipbuilders & Engineers Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF Explain this filing

GRSE · price

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Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹1913.00

prior close

₹1917.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%-1.7% vs market

Aerospace & Defense peers, median of 19sector+0.0%-1.7% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 1.7 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-1.4

15m

-1.7

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-0.0-1.7+0.0-1.7

Next day

+0.4+1.1-0.7+2.6-2.1

-4.4-1.2-3.2-1.5-2.9

-5.8+0.0-5.8-0.9-4.9

-8.3-1.2-7.1-2.6-5.7

-5.8-1.8-4.0+1.2-7.0

+0.2+3.0-2.8+7.6-7.5

15d

+44.7+7.6+37.1+18.4+26.3

+54.8+10.4+44.4+26.7+28.1

+55.4+15.2+40.2+31.4+24.0

+37.7+10.9+26.9+16.6+21.1

UpDownMarket · Nifty Smallcap 250Sector · Aerospace & Defense peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.