Mazagon Dock Declared Set April 16 as Record Date for 2nd Interim Dividend

The state-owned shipbuilding company Mazagon Dock Shipbuilders Limited (MDL) has set April 16, 2025, as the record date for its 2nd interim dividend for FY25. On April 08, 2025, Mazagon Dock declared an interim dividend of ₹3 per share, which will be paid on May 07, 2025.

Mazagon Dock Interim Dividend Record Date: What Does This Mean For Shareholders?

As Mazagon Dock has set April 16 as the record date for its interim dividend, meaning that April 15, marks the last day to buy Mazgon Dock shares to become eligible for the interim dividend. Further, any shares bought on or after April 16 (record date), won’t be eligible for the interim dividend.

MDL Business Performance

On March 20, 2025, MDL signed a Memorandum of Understanding (MoU) with the State Disaster Management Authority of Goa for the development of an “AI-based Wireless Disaster Detection, Rescue, and Communication System.” This initiative aims to strengthen disaster response and public safety across the state.

In a separate development, the Ministry of Defence signed a ₹1,990 crore contract with MDL for the construction of an Air Independent Propulsion (AIP) Plug, part of the DRDO-AIP system, and its integration into conventional submarines to boost their underwater endurance. The agreement was formalized in New Delhi on December 30, 2024, in the presence of Defence Secretary Shri Rajesh Kumar Singh. MDL takes pride in contributing to this strategic initiative and playing a key role in advancing the #AtmanirbharBharat mission.

Also Read: Mazagon Dock FY25 Revenue Crosses ₹10,000 Crore, Declares 2nd Interim Dividend 

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