Government Confirms No Encumbrance on GRSE Shares Held by President of India

Garden Reach Shipbuilders & Engineers Limited (GRSE) has informed the stock exchanges regarding a statutory disclosure received from its promoter, the President of India acting through the Ministry of Defence, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

In its communication dated April 3, 2026, GRSE stated that it has received the annual declaration for the financial year ended March 31, 2026, confirming the promoter’s shareholding status and compliance with regulatory requirements.

As per the disclosure issued by the Ministry of Defence, the President of India holds 8,53,41,240 equity shares in Garden Reach Shipbuilders & Engineers Limited as of March 31, 2026. The statement further confirms that no encumbrance, directly or indirectly, has been created on these shares during the financial year.

The declaration has been made in accordance with SEBI takeover regulations, which require promoters to disclose any change or creation of encumbrance on their shareholding on an annual basis.

GRSE has submitted the disclosure to both the National Stock Exchange of India Limited (NSE) and BSE Limited for information and record purposes, confirming continued transparency in promoter shareholding structure.