Announced Thu, 30 Apr · 18:07 IST

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

Management Changes View source PDF

GRSE · price

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Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹2946.00
prior close
₹2956.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.9-4.2-3.5-4.6-0.9+2.5+5.1+3.3-0.2-2.7-9.0-9.0-5.9
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AI summary

Garden Reach Shipbuilders & Engineers has announced a change in its Board of Directors. Shri Dinesh Mahur, Additional Secretary in the Department of Defence Production, Ministry of Defence, has been appointed as Part-Time Official Director (Government Nominee Director) effective 27 April 2026. He replaces Shri Rajeev Prakash who has relinquished the position. Shri Mahur holds a DIN of 10862645 and brings extensive government experience, having served in various ministries including Home Affairs, Prasar Bharti, and Mines before joining the Ministry of Defence. He is an engineering graduate from NIT Allahabad and holds PGDM in Public Policy and Management. He has no equity shares in the company and no relationship with other directors.

Likely market impact

This is a routine government nominee change with no direct impact on company operations or financial performance. The replacement of a government nominee director is standard practice for PSU-related appointments and typically has neutral to minimal impact on stock price.