In terms of Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,we wish to inform you that the Company has entered into a Memorandum of Understanding(MoU) with M/s Centum Electronics Limited, a Bengaluru based Company on 08 Oct 2025.This MoU establishes a collaborative framework between GRSE & Centum Electronics which aimed at the joint research and development (R&D) of Advanced Naval Navigation Systems.The detailed disclosure in this regard along with the press release is enclosed.
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Garden Reach Shipbuilders & Engineers (GRSE) has signed a Memorandum of Understanding with Centum Electronics Limited, a Bengaluru-based company, on 8 October 2025. The MoU sets up a collaborative framework for joint research and development of Advanced Naval Navigation Systems. The partnership brings together GRSE's shipbuilding expertise and Centum's electronics capabilities in the defence technology space. A detailed disclosure and press release have been attached to the filing.
This is a positive strategic development for GRSE, strengthening its position in naval defence technology through a complementary partnership rather than a costly acquisition. For shareholders, it signals the company's focus on innovation in high-value defence segments, though actual revenue impact would depend on the MoU converting into binding orders or contracts.