BSECompany Update1 Aug 2026 · 1 Aug 2026, 05:51 pm

Please find enclosed herewith Press Release dated 1st August, 2026

Titagarh Rail Systems Ltd · 532966

✦ AI Summary▲ PositiveOrder Win

Titagarh Rail Systems Ltd's wholly owned subsidiary, Titagarh Naval Systems Ltd, has launched the fifth and final Diving Support Craft A24 (YARD 329) for the Indian Navy, completing a series of five DSCs under the Government of India's Make in India initiative.

Analysis Scores

Earnings Impact0/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment8/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Titagarh Rail Systems Ltd - 532966 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Attachments (1)

📄

d974e5eb-ac9d-4fba-b0ae-7a1e36a3cf0d.pdf

pdf

Download →
View document text
1st August, 2026 BSE Limited (BSE) National Stock Exchange of India Limited (NSE) The Department of Corporate Services Phiroze The Listing Compliance Department Exchange Plaza Jeejeebhoy Towers Dalal Street, Bandra-Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 532966 SYMBOL: TITAGARH Madam/Sir, Sub: Press Releases issued by Titagarh Naval Systems Limited (TNSL), a wholly owned subsidiary of Titagarh Rail Systems Limited (‘the Company’) Ref: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (‘SEBI Listing Regulations’) – Titagarh Naval Systems Limited (a wholly owned subsidiary of Titagarh Rail Systems Limited) Launches Fifth & Final Diving Support Craft A24 (YARD 329) for Indian Navy We enclose a Press Release titled “Titagarh Naval Systems Limited (a wholly owned subsidiary of Titagarh Rail Systems Limited) Launches Fifth & Final Diving Support Craft A24 (YARD 329) for Indian Navy” which is self-explanatory. Please take the above on record. In this regard, the press release issued by TNSL is enclosed herewith. The above information will also be available on the website of the Company at www.titagarh.in Please taken the same on record. Thanking you, yours faithfully, For Titagarh Rail Systems Limited Aditya Purohit Company Secretary & Compliance Officer M. No. ACS 27825 Encl. as above CIN: L27320WB1997PLC084819 Registered Office: Poddar Point, 10th Floor, 113 Park Street, Kolkata – 700016, WB, India Corporate Office: Titagarh Towers, 756, Anandapur, E. M. Bypass, Kolkata - 700107, WB, India Phone: +91 33 4019 0800 | Fax: +91 33 4019 0826 | Email: corp@titagarh.in | Web: www.titagarh.in Titagarh Naval Systems Limited (a wholly owned subsidiary of Titagarh Rail Systems Limited) Completes Series with Launch of Fifth & Final Diving Support Craft A24 (YARD 329) for the Indian Navy Kolkata, 1 August 2026: Titagarh Naval Systems Limited (TNSL), a wholly owned subsidiary of Titagarh Rail Systems Limited, is proud to achieve another milestone in its shipbuilding journey with the launch of the fifth Diving Support Craft A24 (YARD 329) for the Indian Navy. The vessel is the fifth and final ship in a series of five Diving Support Craft (DSCs) being constructed under the Government of India's Make in India initiative. The launch ceremony was graced by Mrs. Kamal Singh, wife of Vice Admiral Gurcharan Singh, AVSM, NM Chief of Personnel who performed the traditional naming and launch of the vessel. The craft was successfully side launched into the Hooghly River at 1505 Hrs on 1st August 2026. Around 200 guests were present to witness this important occasion. Designed as catamaran-type vessels, these Diving Support Crafts are equipped with advanced, indigenously sourced systems to support the Indian Navy’s Command Clearance Diving Teams (CCDTs). They will play a critical role in underwater operations, including inspection, repair, maintenance, and salvage activities within harbour and near-shore environments. Speaking on the occasion, Shri Prithish Chowdhary, Dy. Managing Director, Titagarh Rail Systems Limited, said: "This achievement reflects the strength of Indian manufacturing and engineering, and demonstrates how indigenous capabilities are steadily evolving to deliver complex vessels towards important platforms. At Titagarh, we remain committed to expanding our capabilities across maritime sector, contributing to the nation's vision of self-reliance and the Hon'ble Prime Minister's vision of Viksit Bharat through world-class manufacturing from 'Chip Se Ship Tak'." Speaking on the occasion, Cmde. Hemant Khatri, Managing Director & CEO, Titagarh Naval Systems Limited, said: "The launch of DSC A24 (YARD 329) completes the launch of all five Diving Support Craft being built for the Indian Navy, a proud moment for our team and a significant milestone for naval shipbuilding in Eastern India. As the first private shipyard in West Bengal to build and deliver commissioned vessels for the Indian Navy, we remain focused on delivering reliable, high-quality platforms that strengthen the Navy's operational capabilities while preparing ourselves for more advanced defence shipbuilding programmes in the years ahead." Speaking on the occasion, Vice Admiral Gurcharan Singh, AVSM, NM COP, Indian Navy, said: A ship's launch is a proud milestone that reflects years of planning, hard work and teamwork. The launch of DSC A24, the fifth vessel in this series, is another important step in the project. With nearly 70% indigenous content, it showcases the success of the Government of India's Atmanirbhar Bharat and Make in India initiatives. It also highlights the strong partnership between the Indian Navy and Indian industry in building world-class ships in India. I sincerely thank Titagarh Naval Systems Limited, the Indian Navy, the Indian Register of Shipping, and all the engineers, technicians and workers whose dedication made this achievement possible. In addition to operational deployment, the DSCs will also serve as training platforms for the Indian Navy's diving personnel, enhancing operational readiness and capability development. The launch marks another significant milestone for Titagarh Naval Systems Limited (TNSL), the dedicated shipbuilding and maritime systems company formed following the strategic restructuring of Titagarh Rail Systems Limited. Strengthening its focus on maritime growth, TNSL is also developing a state-of-the-art, 50-acre shipyard at Falta, West Bengal, to cater to both national and international shipbuilding requirements. With a proven track record of delivering complex defence and commercial vessels, TNSL continues to advance India's self-reliance in shipbuilding and remains committed to supporting the nation's maritime ambitions and the vision of Viksit Bharat. About TNSL: Titagarh Naval Systems Limited is poised to mark a significant milestone in India’s maritime sector with the establishment of a state-of-the-art shipyard at Falta, south of Kolkata. To drive this growth, the Board of Directors has, in principle, approved the transfer of the shipbuilding and maritime systems business into a wholly owned subsidiary, Titagarh Naval Systems Limited, with an approximate order book of 500 crores (including taxes). Designed with advanced automation and fully aligned with Industry 4.0 standards, the new facility builds on TRSL’s strong legacy of delivering more than 35 vessels—including coastal research ships for NIOT, the Indian Navy, Coast Guard, and GRSE—and is engineered to handle ships up to 180 meters in length, with an annual capacity of 12-16 vessels. The establishment of Titagarh Naval Systems Limited will enable TRSL to concentrate more sharply on its core railway systems business, while empowering the new company to pursue aggressive growth in shipbuilding by securing contracts for specialized vessels that contribute to the nation’s maritime excellence. Titagarh Naval Systems Limited will also carry forward existing projects, including the Diving Support Craft project. To drive further expansion, Titagarh Naval Systems Limited is actively exploring partnerships with strategic collaborators and investors to accelerate scaling and enhance its capabilities under various Government of India maritime initiatives. Media contacts: Subhranil Roy | M: +91 70032 93353 | E: subhranil.roy@titagarh.in Pritha Paul | M: +91 7687060940 | E: pritha.paul@titagarh.in