Please refer the attachment

SEC/48/2017-63 August 14, 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: Comments of the Board of Directors of the Company w.r.t the fine imposed by the Stock Exchanges for non-appointment of independent directors and consequent non-compliances under the SEBI LODR Regulations 1. This is with reference to the fine imposed by BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) (“Stock Exchanges”) aggregating to Rs. 9,55,800 each (including GST @ 18%) for non-compliance with Regulation 17(1) (Composition of Board of Directors – absence of sufficient number of Independent Directors) and Regulations 18 and 19 (Non-compliance with the constitution of Audit Committee and Nomination and Remuneration Committee) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) during the quarter ended March 31, 2026. 2. Pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the Stock Exchanges have advised the Company that the above matter shall be placed before the Board of Directors of the Company and the comments made by the Board shall be duly disseminated on the Exchange portal. 3. Accordingly, the aforesaid matter was placed before the Board of Directors of the Company at their meeting held on August 14, 2026. The Board took note of the same and acknowledged the fact that the power to appoint Directors on the Board of the Company vests with the Government of India. The Board noted that the Ministry of Ports, Shipping & Waterways, Government of India vide their letter No. SY-11012/1/2016-CSL dated May 20, 2025, appointed Dr. Seema Suri as an independent director on the Board of CSL. The appointment of the remaining five independent directors is awaited from the Government of India and constant efforts are being made to meet the compliance requirements. The Audit Committee and the Nomination and Remuneration Committee could be re-constituted in line with the SEBI LODR Regulations only after sufficient number of independent directors are appointed by the Government of India. 4. The Board advised to continue following up the matter with the Administrative Ministry and also to file appropriate waiver requests with the Stock Exchanges, once compliance is achieved, as per the extant Policy for Exemption of Fines. 5. The above is for your information and record please. Thanking you, For Cochin Shipyard Limited