BSECompany Update5 Oct 2026 · 5 Oct 2026, 05:12 pm
Intimation of receipt of first milestone payment of Shipbuilding Financial Assistance (SBFA) under the Shipbuilding Financial Assistance Scheme (SBFAS) - details enclosed.
Artson Ltd · 522134
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Artson Ltd has received the first milestone payment of Rs. 2,46,18,405 under the Shipbuilding Financial Assistance Scheme (SBFAS) from the Director General of Shipping, Ministry of Ports, Shipping and Waterways, Government of India. This payment is related to the Construction and Supply of the Floating Dry Dock (FDD) to M/s. Sadhav Offshore Engineering Private Limited. The receipt of the SBFA will have a positive impact on the Company's cash flow.
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Artson Ltd - 522134 - Intimation Of Receipt Of First Milestone Payment Of Shipbuilding Financial Assistance (SBFA) Under The Shipbuilding Financial Assistance Scheme (SBFAS).
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5th October 2026
Corporate Relationship Dept.,
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai - 400001, MH.
Dear Sir / Madam,
Sub: Intimation of receipt of first milestone payment of Shipbuilding Financial Assistance
(SBFA) under the Shipbuilding Financial Assistance Scheme (SBFAS).
Ref: Security Code: 522134
With reference to the captioned subject, we wish to inform that the Company has received an
amount of Rs. 2,46,18,405/- (Rupees Two Crores Forty-Six Lakhs Eighteen Thousand Four
Hundred and Five only) as 30% of overall Shipbuilding Financial Assistance (SBFA) for keel
laying milestone completion under the revised Shipbuilding Financial Assistance Scheme
(SBFAS) from Director General of Shipping (DG Shipping), Ministry of Ports, Shipping and
Waterways (MoPSW), Government of India (GOI).
This payment is related to the Construction and Supply of the Floating Dry Dock (FDD) to M/s.
Sadhav Offshore Engineering Private Limited. The newly revised SBFAS enabled stage-wise
release of SBFA and therefore, the Company claimed and received the first milestone
payment which was achieved over a year back.
The receipt of the aforesaid SBFA will have a positive impact on the Company's cash flow.
The Company is actively scaling its Shipbuilding Business Unit and strengthening its presence
in the shipbuilding sector, including through opportunities relating to small boats, marine
products and green boats. In line with the steps being undertaken by the Company to drive
growth in the Shipbuilding space, the timely release of SBFA is an encouraging indication of
Government support to the sector and reinforces the Company’s initiatives in this direction.
This is for your information and records.
For Artson Limited
(Formerly Artson Engineering Limited)
Sd/-
Deepak Tibrewal
Company Secretary & Compliance Officer
FCS 8925
Registered Office: Corporate Office:
14th Floor, Cignus, Plot No. 71A, Ground Floor, Mithona Towers-1,
Kailash Nagar, Mayur Nagar Passpoli, 1-7-80 to 87, Prenderghast Road,
Powai, Mumbai - 400087, Maharashtra, India. Secunderabad - 500003, Telangana, India.
Tel: +91 22 66255600 Tel: +91 40 66018175