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 K2 Cranes & Components Pvt Ltd on 28 Jan 2026. This MoU was signed for the design, development, and manufacture of marine, defence and shipyard cranes and associated equipment.In this regard, the copy of the press release is enclosed.
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Garden Reach Shipbuilders & Engineers (GRSE) has signed a Memorandum of Understanding with K2 Cranes & Components Pvt Ltd on 28 January 2026. The MoU covers the joint design, development, and manufacture of marine, defence, and shipyard cranes along with associated equipment. This collaboration aligns with GRSE's core shipbuilding and defence engineering business. No financial details, investment size, or revenue share have been disclosed in the announcement.
This partnership strengthens GRSE's capability in marine and defence-grade cranes, a niche segment that complements its shipbuilding operations. It could support future order wins in defence shipbuilding but is early-stage with no immediate revenue impact until a formal agreement or contract emerges.