Annual Report of Cochin Shipyard Limited for the financial year 2025-26 including the Notice for the 54th AGM.

SEC/48/2017-63 September 04, 2026 The Manager The Manager Compliance Department Compliance Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower Exchange Plaza Dalal Street Bandra – Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code/Symbol: 540678/COCHINSHIP Dear Sir/Madam, Subject: Annual Report of Cochin Shipyard Limited for the financial year 2025-26 including the Notice for the 54th AGM 1. Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the Annual Report of the Company for the financial year 2025-26 including the Notice for the 54th Annual General Meeting (AGM). 2. The Annual Report including the AGM Notice is being hosted on the Company's website at www.cochinshipyard.in and on the website of e-voting Agency, Central Depository Services (India) Limited (CDSL) at www.evotingindia.com. 3. The above is for your information and record please. Thanking you, For Cochin Shipyard Limited Engineering 02-51 52-176 India’s Maritime Corporate Overview Statutory Reports 02 About Us 52 Directors’ Report Ambitions 06 Our Geographic Footprint 92 Report on Corporate Governance 08 Key Milestones reached in 122 Management Discussion and FY 2025-26 Analysis Report 10 Chairman’s Message 138 Business Responsibility and 16 Our Performance at a Glance Sustainability Report Maritime strength has long been a cornerstone of Scan QR Code or click the link 18 Our Portfolio economic resilience, strategic security and global below to visit our website: 24 Our Operational Excellence www.cochinshipyard.in 177-401 connectivity. As India’s maritime aspirations gather 28 Infra Project Highlights momentum, the need for world-class engineering, future- 32 USHUS 34 Our People ready infrastructure and sustainable innovation has Financial Statements 38 Environment never been greater. Meeting these evolving expectations 42 Social demands more than the ability to build vessels, it calls for 46 Governance 177 Independent Auditors’ Report (Standalone) the vision to create enduring capabilities that shape the 47 Board of Directors 195 Comments of the C&AG future of the maritime ecosystem. 50 Awards and Accolades (Standalone) 51 Corporate Information 196 Standalone Financial Statements At Cochin Shipyard Limited, this Our journey is guided by a long-term Inside 286 Independent Auditors’ Report philosophy defines the way we perspective, one that embraces (Consolidated) grow, innovate and create value. innovation as a catalyst for progress, 297 Comments of the C&AG Through advanced shipbuilding and sustainability as a responsibility and (Consolidated) repair capabilities, pioneering green operational excellence as a defining the Report 298 Consolidated Financial technologies, indigenous engineering strength. As India’s maritime landscape Statements expertise and continuous investments evolves, we remain committed to in modern infrastructure, we are engineering solutions that not only strengthening the foundations of support today’s priorities but also 402-416 a globally competitive maritime enable the ambitions of tomorrow, industry. Every vessel delivered, every creating lasting value for the nation, strategic collaboration forged and our stakeholders and the global Notice every technological milestone achieved maritime community. reflects our commitment to enhancing national capabilities while responding 402 54th Annual General Meeting to the changing needs of customers across defence, commercial and Forward-looking Statements offshore sectors. Some information in this report may contain forward-looking statements which include statements regarding Company’s expected financial position and results of operations, business plans and prospects and so on and are generally identified by forward-looking words such as ‘believe’, ‘plan’, ‘anticipate’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’ or other similar words. Forward-looking statements are dependent on assumptions or basis underlying such statements. We have chosen these assumptions or basis in good faith, and we believe that they are reasonable in all material respects. However, we caution that actual results, performances or achievements could differ materially from those expressed or implied in such forward-looking statements. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS About Us Fortifying the Nation’s Maritime Backbone We, at Cochin Shipyard, have contributed to the maritime legacy for over five decades, emerging as one of India’s leading shipbuilding and ship repair companies. Backed by our world-class and state-of-the-art Our Vision Our Mission Our Objectives infrastructure, our proficient and skilled workforce, we design, build, Emerge as an internationally To build and repair ships To sustain and enhance repair and upgrade a diverse range of vessels for defence, commercial and preferred shipyard to construct and offshore structures to shipbuilding and ship offshore sectors, at a robust scale, thereby, delivering complex projects world-class Merchant and international standards and repair activities through Naval ships, offshore vessels provide value-added quality technology up-gradation and that are precision-engineered and reliable. and structures. engineering services. capacity augmentation. Over the course of our trajectory, we 1972 5 Be the market leader in India Sustain corporate growth in To continuously endeavour to for ship repairs, including competitive environment. expand/diversify activities of the have successfully delivered notable conversions and upgradation. shipyard including setting up landmark projects, including India’s Year of Incorporation Dedicated Ship Repair To adopt and undertake practices new facilities. first Indigenous Aircraft Carrier, Units To be admired for our towards becoming a responsible Indian Naval Ship (INS) Vikrant, while achievements, respected for corporate citizen. To carry out research and exporting vessels to clients across 3 IND AAA/Stable our ethics and trusted for development in existing and Europe, North America and the Middle CARE AAA/Stable our service excellence by our emerging technologies in East. With global alliances and strategic valued customers. shipbuilding processes. partnerships with leading international Business Verticals Credit Rating maritime and technology companies, our To move towards international global footprint is further strengthened, benchmarking, benchmark with positioning us at the forefront of 2 the best shipbuilding standards India’s maritime sector. Moreover, we followed in India. have pioneered sustainable solutions Wholly-owned To motivate employees through hybrid and electric vessels, Subsidiaries through improved specific reaffirming our commitment to training programmes. environmental stewardship. To adopt best practices for clean As a Schedule A Central Public Sector Certifications and safe environment. Enterprise under the Ministry of Ports, Shipping and Waterways, we prioritise ISO 9001:2015 Ride the down time with extensive research, indigenisation aggressive bidding and secure and seamless clean energy transition, orders to maximise capacity. thereby, supporting India’s long-term ISO 14001:2015 maritime ambitions under Maritime To ensure positive customer- India Vision 2030 and Maritime Amrit ISO 27001:2022 oriented initiatives. Kaal Vision 2047. To build a responsible corporate ISO 45001:2018 citizen image through CSR and sustainability projects ISO 50001:2018 and compliance to corporate governance principles. GreenCo Gold 02 COCHIN SHIPYARD LIMITED Annual Report 2025-26 03 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Key Highlights of FY 2025-26 Financial Highlights Sustainability H [Showing first 8,000 characters — download PDF for full document]