MAZDOCK

Mazagon Dock Shipbuilders Ltd. responded to an inquiry from BSE Limited regarding a news item on "India, Germany in talks for $8 billion submarine manufacturing deal" published on 08 January 2026. The company confirmed that negotiations for Project P75(I) with the Indian Navy/Ministry of Defence had commenced earlier, as disclosed on 25 August 2025 and 10 September 2025, and are ongoing. They stated they are unaware of any unannounced information that could explain trading movements and confirmed no regulatory or legal proceedings are applicable. No other material developments related to the news report were identified.