Mazagon Dock Shipbuilders Limited — Others, 13-12-2024: Rumour Verification - Regulation 30(11)

Mazagon Dock Shipbuilders Ltd. has clarified that recent media reports concerning six submarines under Project P751 are unconfirmed and have not been validated by the Indian Navy or the Ministry of Defence. This statement seeks to address potential misinformation surrounding the project.

The absence of verified information may lead to a neutral impact on investor sentiment, as stakeholders await official updates on the project. Investors should monitor developments closely, considering the strategic significance of the project for the company’s future operations and revenue streams.