Cochin Shipyard’s Board has declared an interim dividend of ₹3.50 per share for FY 2025-26. The company will form a Joint Venture with HBL Engineering to develop electric mobility technology. The board also approved acquiring a 23% equity stake in Conoship International Holding B.V. to gain a foothold in the European market. The record date for the dividend is February 3, 2026.
Interim Dividend Declared
The Board of Directors 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 determining eligible shareholders is set as February 3, 2026, with payment scheduled on or before February 26, 2026.
Joint Venture with HBL Engineering
The Board has approved forming a Joint Venture Company with HBL Engineering Limited. The purpose of the JV is to develop electric mobility technology and energy storage solutions specifically for the marine sector. Details of the joint venture are outlined in Annexure I of the original disclosure.
Acquisition of Conoship International Holding B.V.
The Board has also approved the acquisition of a 23% equity stake in Conoship International Holding B.V. (Netherlands). This acquisition aims to establish a presence in the European market, leveraging Conoship’s ship design capabilities. Further details regarding this acquisition are available in Annexure II.
Financial Performance Update
Cochin Shipyard reported its unaudited financial results for Q3 (Oct-Dec) of FY 2025-26. Key highlights include:
- Total Income: ₹1421.55 crore
- Profit Before Tax: ₹186.02 crore
- Profit After Tax: ₹137.69 crore
These figures reflect both standalone and consolidated results, with a detailed breakdown available in the full financial statement.
Revised Fund Raising Decision
The Board has decided not to proceed with raising funds through the issuance of US$ denominated non-convertible senior unsecured fixed rate notes for up to US$ 50 million. This decision was influenced by significant shifts in economic conditions that have made domestic borrowing more cost-effective.
Source: BSE
