Cochin Shipyard Ltd.

In furtherance to communication dated October 31, 2025 with respect to signing of Letter of Intent (LOI) with Svitzer, Denmark for constructing advance electric ‘TRAnsverse’ tugs in CSL, Cochin Shipyard has informed that CSL has signed shipbuilding contracts with Svitzer on December 05, 2025, for building four 26-metre fully electric ‘TRAnsverse’ (TRAnsverse 2600E) 70 Ton bollard pull tugs in CSL, with an option for up to four additional vessels. The tugs will be constructed according to Svitzer’s specifications to support its global fleet renewal plan and advancement in operations worldwide. The delivery of the tugs is targeted to commence from late 2027. On the basis of the contract value, this order is classified as a Significant order according to the Order Classification parameters of CSL. The association combines Svitzer’s global expertise in advanced and sustainable towage solutions with CSL’s proven shipbuilding capabilities, skilled workforce and local innovation. It supports India’s ambition to become a global maritime manufacturing and skills hub under Maritime India Vision 2030, Maritime Amrit Kaal Vision 2047 and the ‘Make in India’ initiative. None of the promoter/ promoter group/ group companies have any interest in the entity that awarded the order. Further, the said order also does not fall under the purview of related party transactions.

The above information is a part of company’s filings submitted to BSE.