MAZDOCK : CLARIFIES ON GREENFIELD SHIPBUILDING CLUSTER NEWS REPORT

• Clarification issued after a material price movement in the share price on 02 November 2026 • News article dated 31 October 2026 on scouting partners for proposed shipbuilding hubs was based on an interaction with the Chairman & Managing Director • Article broadly reflects the company's plans for Greenfield Shipbuilding Industrial Clusters at Dighi, Maharashtra and Dugarajapatnam, Andhra Pradesh • Company is exploring potential partnerships, investment opportunities and financing arrangements for the proposed clusters • Specific project structure, investment requirements and commercial aspects remain under consideration and evaluation, subject to requisite approvals Impact: Neutral (Clarification confirms intent but discloses no order value, partner names or investment outlay; execution hinges on approvals)

Mazagon Dock Shipbuilders Limited

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