Mazagon Dock appoints new CFO, declares dividend amid strong turnover

Mazagon Dock Shipbuilders (BSE: MAZDOCK) has announced the appointment of Ruchir Agrawal as its Chief Financial Officer, effective April 8, 2025. Agrawal, also holding the position of Director (Finance), brings extensive financial expertise to the role. Alongside this leadership change, the board has declared a second interim dividend of INR3 per equity share of INR5 each, fully paid-up, for the financial year 2024-25. The record date for determining shareholder eligibility is set for Wednesday, April 16, 2025, with dividend payments to be completed on or before May 7, 2025. The company also released its unaudited financial results, reporting a provisional turnover of approximately INR10,775.34 crores for the fiscal year ended March 31, 2025, compared to INR9466.58 crores in the previous year. Mazagon Dock has provided information on tax implications for shareholders regarding the second interim dividend and tax deduction at source.