Outcome of Board Meeting

SEC/48/2017-63 November 10, 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: Outcome of the Board Meeting held on November 10, 2026 1. Further to the intimation dated November 04, 2026 and in terms of Regulation 30 and Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations), we wish to inform that, the Board of Directors of the Company at their meeting held today, November 10, 2026 has, inter-alia: (a) Approved the standalone and consolidated unaudited financial results of the Company for the quarter and half year ended September 30, 2026. (b) Declared an interim dividend of Rs. 3/- per equity share of Rs. 5/- each fully paid- up (60%) for the financial year 2026-27. (c) Fixed Monday, November 16, 2026 as the Record Date for the aforesaid interim dividend. The aforesaid interim dividend shall be paid to the eligible shareholders on or before December 09, 2026. 2. Further, pursuant to Regulation 33 of the SEBI LODR Regulations, please find enclosed herewith the following: (a) Statement of unaudited financial results of the Company for the quarter and half year ended September 30, 2026; and (b) Limited Review Report on the aforesaid Financial Results. 3. The meeting of the Board of Directors commenced at 11:30 hrs. and concluded at 13:00 hrs. 4. The above is for your information and records, please. Thanking you, For Cochin Shipyard Limited A. CA BABU l<ALLNAYALIL&Co. ----CHARTERED ACCOUNTANTS---- IND I A Kallivayalil Tower, NH 66, Cheranallur, Kochi, Ernakulam, Kerala-68203LJ. Ph: +91 88Li86Li50l3, 98Li60 35333, 85908 91903, +91 Li8Li 2363119 Email: office@bakauditors.com I babu@bakauditors.com I www.bakca.in Offices at: Kochi I Mumbai I Delhi NCR I Chennai I Kottayam I Thiruvananthapuram INDEPENDENT AUDITOR'S REVIEW REPORT ON THE UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 OF COCHIN SHIPYARD LIMITED PURSUANT TO THE REGULATION 33 AND REGULATION 52 READ WITH REGULATION 63 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED. The Board of Directors, Cochin Shipyard Limited Introduction 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Cochin Shipyard Limited ("the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), and its share of the net (loss) after tax and total comprehensive (loss) of its joint venture for the quarter and half year ended September 30, 2026 ("the Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the LODR Regulations"). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the I ·Iolding Company's Board· of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard ("Ind AS") 34 "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, as Pagel of 7 A. CA BABU l(ALLNAYALILf?Co. ---CHARTERED ACCOUNTANTS--- IND I A amended, read with relevant rules thereunder and other accounting principles generally accepted in India and in compliance with the Regulation 33 and Regulation 52 read with Regulation 63 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. Scope of Review 3. We conducted our review of the Statement in accordance with the Standards on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the LODR Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: i. Hooghly Cochin Shipyard Limited - Subsidiary Company ii. Udupi Cochin Shipyard Limited-Subsidiary Company iii. Green Maritime Propulsion Private Limited - Joint Venture Company Conclusion 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review/ audit reports of the other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Page 2 of 7 A. CA BABU l<ALLNAYALILl?Co. ---CHARTERED ACCOUNTANTS--- IND I A Regulation 33 and Regulation 52 read with Regulation 63 of the LODR Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Emphasis of Matter 6.1 Suspension of Construction of Two Passenger Vessels and Related Uncertainties In 2016, the Holding Company entered into a contract with the Administration of a Union Territory of India for the construction of two passenger vessels at a total contract value of Rs.81,900 lakhs (excluding taxes and foreign exchange variation). The vessels were launched in January 2020 and August 2022, respectively. As at the reporting date, approximately 55% of the construction work, up to the fourth stage, has been completed and payments aggregating to Rs.66,504 lakhs have been received from the Administration. The fifth and final stage is linked to delivery of the vessels. Subsequently, the said Administration of a Union Territory has expressed its intention to take delivery of one vessel, while the other vessel is proposed to be taken over by another Administration of a Union Territory, both subject to certain reconfigurations. However, the scope of modifications and related commercial terms, including reimbursement of costs, are yet to be finalised between the parties. Pending receipt of the necessary approvals and finalisation of the commercial arrangements, further construction activities remain suspended. Accordingly, the Holding Company expressed its inability to determine the financial impact, if any, arising from factors such as ageing of the vessels due to prolonged inactivity, occupation of berthing space and costs of bank guarantees amounting to Rs.1,12,412 lakhs furnished to the Administration, which remain pending for renewal as at March 31, 2026. The comparative figures for the previous quarter ended June 30, 2026, are identical to those of the current reporting period. (Refer Note No.5 to the unaudited consolidated financial results). Page 3 of 7 A. CA BABU l<ALLNAYALIL&Co. ---CHARTERED ACCOUNTANTS--- IND IA 6.2 Lease Accounting by Hooghly Cochin Shipyard Limited (HCSL) HCSL is following Ind AS - 116 for accounting [Showing first 8,000 characters — download PDF for full document]