Mazagon Dock Shipbuilders Limited — Others, 22-01-2025: Rumour Verification - Regulation 30(11)

Mazagon Dock Shipbuilders Ltd. has provided a clarification regarding recent media reports about a contract with JNPA for an Electric Water Taxi. The company stated that no contract is currently signed; however, discussions are in preliminary stages regarding a Solar Cell Powered Boat built by Mazagon Dock. This update highlights the company's ongoing engagement in innovative projects, which could position it well in the sustainable transport sector. For investors, while this news may signal a potential opportunity in renewable solutions, the absence of a signed contract introduces some uncertainty, leading to a cautious outlook.