Mazagon Dock Shipbuilders Limited has informed the Exchange regarding 1) approval of the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended 31 March 2025; 2) recommendation of Final Dividend of Rs. 2.71 per equity share of Rs. 5 each fully paid up for the Financial Year 2024-25; 3) appointment of Shri. Lalatendu Acharya as the Company Secretary and Compliance Officer of the Company w.e.f 01 June 2025 in place of Smt. Madhavi Kulkarni.
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Awaiting price reaction for this filing.
Mazagon Dock Shipbuilders has submitted its audited financial results (both standalone and consolidated) for the quarter and full year ending 31 March 2025 to the exchange. The Board has recommended a final dividend of Rs. 2.71 per equity share on shares with a face value of Rs. 5, implying a healthy dividend yield for shareholders. Separately, Shri Lalatendu Acharya has been appointed as the new Company Secretary and Compliance Officer from 1 June 2025, replacing Smt. Madhavi Kulkarni. Detailed financial numbers have not been disclosed in this filing and would be available in the results document.
The declared dividend of Rs. 2.71 per share is a positive signal for income-focused investors, though the actual financial performance needs to be reviewed from the detailed results. The Company Secretary change is a routine administrative update and unlikely to affect stock price.