In terms of Regulation 30 and other applicable provisions of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its Meeting held on Friday, 25 Apr 2025 was apprised that GRSE will enter into a thirty-year lease agreement (non-renewable) with Syama Prasad Mookerjee Port, Kolkata (SMPK) for a land parcel at Timber Pond, Howrah.The revenue generation from this initiative is not anticipated at this stage. The detailed disclosure is enclosed for your information and record.
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The Board of Directors of Garden Reach Shipbuilders & Engineers (GRSE), at its meeting on April 25, 2025, was informed about a 30-year non-renewable lease agreement the company plans to enter into with Syama Prasad Mookerjee Port, Kolkata (SMPK). The lease covers a land parcel at Timber Pond in Howrah. The company has clarified that no revenue generation is anticipated from this initiative at this stage. The detailed disclosure has been filed with the stock exchanges under SEBI LODR Regulation 30.
Neutral for shareholders in the near term — the lease secures long-term land access for future use but is not expected to generate any immediate revenue, so it is unlikely to move the stock price meaningfully.