Cochin Shipyard’s Board of Directors has approved an interim dividend of ₹3.50 per equity share. Additionally, they greenlit a joint venture with HBL Engineering for electric mobility solutions and the acquisition of a 23% stake in Conoship International Holding B.V. to establish a European foothold. These decisions aim to enhance growth and sustainability in both domestic and international markets.
Interim Dividend Declared
The Board has declared an interim dividend of ₹3.50 per equity share (70% on the face value of ₹5), for the financial year 2025-26. The record date for the dividend is February 03, 2026, and payment will be made on or before February 26, 2026.
Joint Venture for Electric Mobility
A joint venture company will be formed with HBL Engineering Limited to develop electric mobility technology and energy storage solutions for marine applications. HBL will hold 60% and Cochin Shipyard 40% of the JV.
European Acquisition Approved
The Board has approved the acquisition of a 23% equity stake in Conoship International Holding B.V. (Netherlands). This acquisition will provide Cochin Shipyard with a footprint in the European market and access to European ship design capabilities.
Unaudited Financial Results
The Board reviewed and approved the unaudited standalone and consolidated financial results for Q3 2025-26. Total Income on a consolidated basis stood at ₹1,421.55 Crores.
Construction Suspension Update
The construction of two passenger vessels remains suspended, pending approvals for transfer/reallocation and finalization of commercial terms. The Company is unable to proceed with the remaining construction activities. The Administration proposed the transfer/reallocation of the vessels in view of a significant decline in sea-borne passenger traffic.
Source: BSE
