Garden Reach Shipbuilders & Engineers Limited — Important, 25-04-2025: General Updates

GRSE will enter into a thirty-year lease agreement with Syama Prasad Mookerjee Port, Kolkata, for a land parcel at Timber Pond, Howrah. This non-renewable lease aligns with GRSE's strategy to enhance its infrastructure, catering to the increasing domestic and export demand in shipbuilding and engineering activities. The waterfront access of the leased land is expected to support various initiatives in ship repair and related engineering works. However, initial revenue generation from this initiative is not anticipated. Investors should watch closely as this development strengthens GRSE’s operational capabilities and long-term growth potential.