Garden Reach Shipbuilders & Engineers Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Garden Reach Shipbuilders & Engineers Limited
Symbol
GRSE
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Additional Disclosure Date
10-Apr-2026
Additional Disclosure Designation
CEO
Additional Disclosure Name Of Signatory
HARI P R
Additional Disclosure Place
KOLKATA
Advertisements As Per Regulation471
Yes
Affirmations
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company.
Aggregate Amount Advanced During Six Months Of Any Loan Or Any Other Form Of Debt To KM Ps Or Any Other Entity Controlled By Them
0
Aggregate Amount Advanced During Six Months Of Any Loan Or Any Other Form Of Debt To Promoter Group Or Any Other Entity Controlled By Them
0
Aggregate Amount Advanced During Six Months Of Any Loan Or Any Other Form Of Debt To Promoter Or Any Other Entity Controlled By Them
0
Aggregate Amount Of Issuance During Six Months Of Any Guarantee Or Comfort To KM Ps Or Any Other Entity Controlled By Them
0
Aggregate Amount Of Issuance During Six Months Of Any Guarantee Or Comfort To Promoter Group Or Any Other Entity Controlled By Them
0
Aggregate Amount Of Issuance During Six Months Of Any Guarantee Or Comfort To Promoter Or Any Other Entity Controlled By Them
0
Aggregate Value Of Security Provided During Six Months Of Security In Connection With Loan Or Any Other Debt Avail By KM Ps Or Any Other Entity Controlled By Them
0
Aggregate Value Of Security Provided During Six Months Of Security In Connection With Loan Or Any Other Debt Avail By Promoter Group Or Any Other Entity Controlled By Them
0
Aggregate Value Of Security Provided During Six Months Of Security In Connection With Loan Or Any Other Debt Avail By Promoter Or Any Other Entity Controlled By Them
0
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Not Applicable
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Balance Outstanding At The End Of Six Months Any Loan Or Any Other Form Of Debt To KM Ps Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Any Loan Or Any Other Form Of Debt To Promoter Group Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Any Loan Or Any Other Form Of Debt To Promoter Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Any Guarantee Or Comfort To KM Ps Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Any Guarantee Or Comfort To Promoter Group Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Any Guarantee Or Comfort To Promoter Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Security In Connection With Loan Or Any Other Debt Avail By KM Ps Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Security In Connection With Loan Or Any Other Debt Avail By Promoter Group Or Any Other Entity Controlled By Them
0
Balance Outstanding At The End Of Six Months Of Security In Connection With Loan Or Any Other Debt Avail By Promoter Or Any Other Entity Controlled By Them
0
Board Composition
No
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance Status
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
10-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Yes
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Details Of Non Compliance Of Board Composition
The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. The appointment of four Independent Directors, including one independent Woman Director, is currently pending with the Government of India. Consequently, the Company is presently unable to comply with the provisions of Board composition under Regulation 17(1) of SEBI (Regulations), 2015.
Details Of Non Compliance Of Plans For Orderly Succession For Appointments
The Company being CPSE, the appointment of Directors is carried out by the Public Enterprises Selection Board (PESB) and formalized through Presidential Orders. Accordingly, the Company does not have a succession plan for its Directors. However, a succession plan is maintained for Senior Management Personnel.
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Notes On Affirmations Explanatory Text Block
The Company have in place the Policy for Determining Material Subsidiaries but as on 31 Mar 2026 there is no subsidiary or associate of the Company.
Disclosure Of Notes To Annexure1Explanatory Text Block
The Company, being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Orders. The appointment of four Independent Directors (IDs), including one Independent Woman Director, is currently pending with the Government of India. As a result, the Company is presently unable to comply with the provisions of Board composition under Regulation 17 of SEBI (LODR) Regulations, 2015. Further, due to non-availability of requisite number of Independent Directors, the Company did not have Audit Committee and Nomination and Remuneration Committee (NRC) throughout the quarter.
Disclosure Of Related Party Transactions On Consolidated Basis
Not Applicable
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://grse.in/annual-returns/
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://grse.in/investor-presentations/
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://grse.in/corporate-announcement/
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://grse.in/policies/Dividend_Distribution_Policy_apr_2025.pdf
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://grse.in/policies/Policy_for_Determination_of_Materiality_of_Event_or_Information.pdf
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://grse.in/shareholders-information/
Disclosure Web Link Of Company At Which Details Of Agreements Entered Into With The Media Companies And Or Their Associates Is Placed
https://grse.in/corporate-announcement/
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://grse.in/ship-building/ https://grse.in/ship-repairs/ https://grse.in/engineering/ https://grse.in/engine/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://grse.in/wp-content/uploads/2022/04/Whistle-Blower-Policy-1.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://grse.in/financial-results/
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://grse.in/wp-content/uploads/2022/04/Policy-for-Determining-Material-Subsidiaries-GRSE.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://grse.in/policies/GRSE-Policy_for_Related_Party_Transactions_25_5_23.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://grse.in/shareholding-pattern-2/
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://grse.in/disclosure-under-regulation/
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://grse.in/disclosure-under-regulation/
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://grse.in/wp-content/uploads/2022/06/Authorisation-of-WTD-and-CS-for-dertermination-of-materiality-of-events.pdf
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://grse.in/corporate-announcement/
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://grse.in/shareholders-information/GRSE_MoA_AoA.pdf
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
https://grse.in/investor-presentations/
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://grse.in/corporate-announcement/
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Yes
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Not Applicable
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE382Z01011
Market Capitalisation As Per Immediate Previous Financial Year
Top 500 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
NOTLISTED
Name Of Signatory
Sandeep Mahapatra
Name Of Signatory Affirmations
Sandeep Mahapatra
Name Of Signatory For Annual Affirmations
Sandeep Mahapatra
Name Of Signatory For Quartely Affirmations
Sandeep Mahapatra
Name Of The Company
Garden Reach Shipbuilders & Engineers Limited
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Not Applicable
Place
KOLKATA
Plans For Orderly Succession For Appointments
No
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
443
Scrip Code
542011
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Not Applicable
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
GRSE
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Any Guarantee Or Comfort Letter Of KM Ps Or Any Other Entity Controlled By Them
Not Applicable
Type Of Any Guarantee Or Comfort Letter Of Promoter Group Or Any Other Entity Controlled By Them
Not Applicable
Type Of Any Guarantee Or Comfort Letter Of Promoter Or Any Other Entity Controlled By Them
Not Applicable
Type Of Company
Equity
Type Of Security Of KM Ps Or Any Other Entity Controlled By Them
Not Applicable
Type Of Security Of Promoter Group Or Any Other Entity Controlled By Them
Not Applicable
Type Of Security Of Promoter Or Any Other Entity Controlled By Them
Not Applicable
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Yes
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
Yes

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

Disclosure Of Notes On Composition Of Board Of Directors Explanatory Text Block
The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Orders. As on 31 Mar 2026, the Company has only one Independent Director (ID), leaving it with improper composition of Board of Directors. The appointment of four Independent Directors, including one independent Woman Director, is currently pending with the Government of India.
The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
No
Chairperson Related to MD / CEO
Yes
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Category 3Date of BirthDisqualifiedStatusSpecial ResolutionInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrHARI P R******08591411Executive DirectorChairpersonMD31-May-1967NoActiveNot Applicable10-Jun-2022591000
2MrSHANTANU BOSE******09631817Executive DirectorNot Applicable10-Apr-1968NoActiveNot Applicable08-Jun-2022601010
3MrSUNILKUMAR PANANGADAN******11193635Executive DirectorNot Applicable20-Oct-1972NoActiveNot Applicable14-Jul-2025601000
4MrNIRANJAN MUKUND BHALERAO******10941391Executive DirectorNot Applicable05-Jul-1971NoActiveNot Applicable06-Oct-2025601010
5MrRAJEEV PRAKASH******08590061Non-Executive - Nominee DirectorNot Applicable21-Oct-1969NoActiveNot Applicable15-Jul-20252000
6MrKAMLESHBHAI SHASHIKANTBHAI MIRANI******11118795Non-Executive - Independent DirectorNot Applicable04-Dec-1971NoActiveNot Applicable21-May-202521-May-2025361111

Committee Disclosures

Entry CompComit100
Date of Appointment
01-Aug-2025
Entry CompComit122
Date of Appointment
01-Jun-2025
Entry CompComit123
Date of Appointment
01-Jun-2025
Entry CompComit124
Date of Appointment
14-Jul-2025
Entry CompComit68
Date of Appointment
01-Jun-2025
Entry CompComit69
Date of Appointment
01-Jun-2025
Entry CompComit70
Date of Appointment
06-Oct-2025
Entry CompComit95
Date of Appointment
01-Jun-2025
Entry CompComit96
Date of Appointment
14-Jul-2025
Entry CompComit97
Date of Appointment
06-Oct-2025
Entry CompComit98
Date of Appointment
01-Jun-2025
Entry CompComit99
Date of Appointment
14-Jul-2025
Date Of Cessation Of Director In Committee
31-Mar-2026
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
No
Composition Of Nomination And Remuneration Committee
No
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Details Of Non Compliance Of Composition Of Audit Committee
The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. Due to the pending appointments of adequate number of Independent Directors on to the Board of the Company by the Government of India, the Company is unable to constitute the Board of Directors with optimum combination of Non-Executive Directors, Independent Directors including Women Independent Director. As a result, the Company is unable to reconstitute the Audit Committee in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. Further, the appointment of requisite number of IDs is pending with the Government of India.
Details Of Non Compliance Of Composition Of Nomination And Remuneration Committee
The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. Due to the pending appointments of adequate number of Independent Directors on to the Board of the Company by the Government of India, the Company is unable to constitute the Board of Directors with optimum combination of Non-Executive Directors, Independent Directors including Women Independent Director. As a result, the Company is unable to reconstitute the Nomination & Remuneration Committee in accordance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. Further, the appointment of requisite number of IDs is pending with the Government of India.
Disclosure Of Notes On Composition Of Committees Explanatory Text Block
During the quarter, due to non-availability of the requisite number of Independent Directors (IDs), the Company did not have Audit Committee and Nomination and Remuneration Committee (NRC). The appointment of the requisite number of IDs by the Government of India is presently awaited.
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://grse.in/board-of-directors-and-committees/Board%20of%20Directors%20and%20its%20Committees.pdf
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Not Applicable
Risk Management Committee
Yes
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
No
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
No
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
No
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
No
Whether The Risk Management Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
11118795
Member Name
KAMLESHBHAI SHASHIKANTBHAI MIRANI
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
09631817
Member Name
SHANTANU BOSE
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
11193635
Member Name
SUNILKUMAR PANANGADAN
Position
Executive Director

Corporate Social Responsibility Committee

Corporate Social Responsibility Committee

Risk Management Committee

Additional Position
Member
Director DIN
99999999
Member Name
BIJAY DAS
Notes
DIN is not available.
Position
Risk Coordinator

Risk Management Committee

Additional Position
Chairperson
Director DIN
09631817
Member Name
SHANTANU BOSE
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
11193635
Member Name
SUNILKUMAR PANANGADAN
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
10941391
Member Name
NIRANJAN MUKUND BHALERAO
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
11118795
Member Name
KAMLESHBHAI SHASHIKANTBHAI MIRANI
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
99999999
Member Name
BHUBNESHWAR MISHRA
Notes
Cdr Bhubneshwar Mishra, IN (Retd.) superannuated on 31 Mar 2026, and accordingly he ceased to be the Chief Risk Officer of the Company w.e.f. 31 Mar 2026. DIN is not available.
Position
Chief Risk Officer

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
11118795
Member Name
KAMLESHBHAI SHASHIKANTBHAI MIRANI
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
09631817
Member Name
SHANTANU BOSE
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
10941391
Member Name
NIRANJAN MUKUND BHALERAO
Position
Executive Director

Stakeholders Relationship Committee

Entry MainD
Details Of Non Compliance Of Meeting Of Audit Committee
Since 27 Dec 2024, due to an insufficient number of IDs on the Board, the Company is unable to reconstitute the Audit Committee. Consequently, no Audit Committee Meeting have been held since that date. Prior to 27 Dec 2024, the Company conducted Audit Committee Meetings at a regular interval in compliance with the applicable regulations. The appointment of IDs is currently pending by the Government of India.
Details Of Non Compliance Of Meeting Of Independent Directors
The Company being a CPSE under the administrative control of Ministry of Defence, the Directors on the Board are appointed through Presidential Order. Currently, there is only one Independent Director on the Board of the Company. As a result, the Company is unable to hold a meeting of Independent Directors. Further, the appointment of requisite number of IDs is pending with the Government of India.
Details Of Non Compliance Of Meeting Of Nomination And Remuneration Committee
Since 11 Dec 2024, due to an insufficient number of NED/ IDs on the Board, the Company is unable to reconstitute the Nomination and Remuneration Committee. Consequently, no Nomination and Remuneration Committee Meeting have been held since that date. Prior to 11 Dec 2024, the Company conducted Nomination and Remuneration Committee Meetings at a regular interval in compliance with the applicable regulations. The appointment of IDs is currently pending by the Government of India.
Disclosure Of Notes On Meeting Of Committees Explanatory Text Block
During the quarter, due to non-availability of the requisite number of Independent Directors (IDs), the Company did not have Audit Committee and Nomination and Remuneration Committee (NRC). The appointment of the requisite number of IDs by the Government of India is presently awaited.
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
No
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
No
Meeting Of Nomination And Remuneration Committee
No
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Not Applicable
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
04-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
1
Total Number Of Directors As On Date Of The Meeting
6
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
84
Number Of Directors Present In Meeting Of Board Of Directors
5
Number Of Independent Directors Attending The Meeting
1
Total Number Of Directors As On Date Of The Meeting
6
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
21-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
23
Number Of Directors Present In Meeting Of Board Of Directors
6
Number Of Independent Directors Attending The Meeting
1
Total Number Of Directors As On Date Of The Meeting
6
Entry MeetingBOD4
Dates Of Meeting If Any In The Relevant Quarter
18-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
24
Number Of Directors Present In Meeting Of Board Of Directors
5
Number Of Independent Directors Attending The Meeting
1
Total Number Of Directors As On Date Of The Meeting
6
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
28-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
2
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Maximum Gap Between Any Two Consecutive Meetings
91
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
18-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
48
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Relevant Quarter
28-Jan-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
https://grse.in/investor-grievance/
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://grse.in/investor-grievance/
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
5
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
5
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Not Applicable
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
During the quarter and in terms of the provisions of Para A(1) of Part A of Schedule III of SEBI (LODR) Regulations, 2015, the Company does not hold any shares or voting rights in unlisted company, aggregating to 5% or more.
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
No
Reason For Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Not Applicable To The Entity
In terms of the provisions of Para B(8) of Part A of Schedule III of (LODR) Regulations, 2015, and as on 31 Dec 2025, there are no such Ongoing Tax Litigations or Disputes, outcome thereof which may have an impact on the Company.
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
No
Entry I_ImpositionOfFineOrPenalty1
Authority
BSE Limited
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
27-Feb-2026
Financial / Operational Impact
At present, there is no immediate monetary impact on the financials of the Company. The Company has submitted a detailed response to the Stock Exchange stating that, as a CPSE under the administrative control of the Ministry of Defence, Government of India, the appointment of Directors, including Independent and Woman Independent Directors, is made by the Government through Presidential Orders. Hence, the Company has no control over the appointment process, and the delay in such appointments is beyond its perview. Accordingly, the Company has requested BSE to reconsider and waive the imposed fine. It is pertinent to note that the Company has from time to time made requests to the administrative Ministry and has been regularly following up with the Government regarding appointment of requisite number of IDs (including Woman ID) on the Board. The response on the same is still awaited from the Government. However, the Company is pursuing the matter with the Government of India for early resolution.
Nature And Details Of The Action Taken Or Order Passed
The BSE Limited (BSE) has imposed a fine of Rs. 9,77,040 for non-compliance with Regulations 17 (1), 18(1) and 19(1)/19(2) of the SEBI (LODR) Regulations, 2015. The non-compliances relate to the composition of the Board, including non-appointment of a Woman Independent Director and non-constitution/re-constitution of the Audit Committee and Nomination & Remuneration Committee.
Violation Details
During the quarter, BSE levied the fine for the quarter ended 31 Dec 2025, on account of non-compliance with the requirements relating to the composition of the Board including the absence of a Woman Independent Director and an inadequate number of Independent Directors, in terms of Regulation 17(1) of the SEBI (LODR) Regulations, 2015. Further, in accordance with Regulation 18(1), every listed entity is required to constitute a qualified and Independent Audit Committee comprising a minimum of three directors, two-thirds of whom shall be Independent. Owing to the insufficiency of Independent Directors, the Company could not reconstitute the Audit Committee. Similarly, as per Regulation 19(1), the Nomination and Remuneration Committee (NRC) must consist of at least three directors, with two-thirds being Independent and all non-executive. The Company was unable to reconstitute the NRC for the same reason.
Entry MainD
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
Yes