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GRSE Declares ₹6.70 Dividend Post-Record Warship Delivery
29 Apr
Summary
- GRSE recommended a final dividend of ₹6.70 per share for FY26.
- The company delivered eight warships during FY26, averaging one ship per 1.5 months.
- GRSE aims to enhance capabilities and diversify its business for future growth.
Garden Reach Shipbuilders & Engineers (GRSE) has proposed a final dividend of ₹6.70 per equity share for the fiscal year 2026. This recommendation is subject to approval by shareholders at the upcoming annual general meeting, with the payment expected within 30 days of its declaration.
FY26 was a significant year for GRSE, marked by strong financial results driven by robust physical performance. The company successfully delivered eight warships during this period, an achievement noted as a ship every one and a half months. The Chairman expressed intent to maintain this momentum through strategic enhancements in capabilities, adoption of new technologies, and calculated business diversification.
