Announced Tue, 31 Mar · 15:54 IST

In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the SEBI Listing Regulations ), we inform changes in the Senior Management of the Company.The detailed disclosure in this regard is enclosed.

Management Changes View source PDF

GRSE · price

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Price reaction · full curve 14 horizons · vs prior close
+14.4%1-day move
₹1971.00
prior close
₹2065.00
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.4+7.6+7.6+12.0+14.4+14.7+16.9+26.3+28.1+28.3+46.0+41.5+31.9+38.6
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AI summary

Garden Reach Shipbuilders & Engineers (GRSE) has informed the exchanges of four changes in its Senior Management effective 31 March 2026. Three senior officers — Cdr Bhubaneshwar Mishra (CGM, Tech & Projects), Mr. Sujoy Chakravorty (CGM, Material) and Col Sanjay Anand (GM, Security, Fire & OL) — will retire (superannuate) on 31 March 2026 and step down the next day. Separately, Cmde Rajiv Sreedharan IN (Retd), CGM (Design & PS-NWD), has resigned on personal and domestic grounds with effect from 31 March 2026; his resignation letter dated 26 February 2026 has been attached. The combined impact is a simultaneous exit of four senior-level officers across technical, materials, security and design functions.

Likely market impact

The announcement is routine personnel transition — three retirements on due date and one personal-ground resignation — and is unlikely to move the stock on its own. Investors should watch for the company's succession plan, as losing four senior officers at once could create short-term gaps in project execution, procurement and design functions at GRSE.