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.
The Ministry of Defence has appointed Shri Rajeev Prakash (DIN: 08590061) as Part-Time Official Director (Government Nominee Director) on the board of GRSE, replacing Dr. Garima Bhagat, effective 15 Jul 2025. Dr. Garima Bhagat has relinquished the office on the same date. Shri Rajeev Prakash is a 1995-batch IP&TAFS officer currently serving as Joint Secretary (Naval System) in the Department of Defence Production and has finance-related government experience. Notably, he previously held this same GRSE board position from 23 Jun 2022 to 10 Dec 2024, making this a return appointment. He holds no equity shares in GRSE and has no inter-se relationship with other directors.
This is a routine government nominee director rotation common in defence PSUs and is unlikely to materially affect the stock price or operations. Shareholders should note no management or strategic change is implied, as the appointee serves as a non-executive government representative.