Mazagon Dock Shipbuilders Limited (MDL) has signed a contract with Acquisition wing of Ministry of Defence for Construction and Delivery of six (06) Next generation Offshore Patrol Vessels (NGOPVs) for Indian Coast Guard (ICG) on 20 December 2023. Significant terms and conditions of order(s)/contract(s) awarded in brief: Not Applicable; SEBI had granted exemption to the Company (MDL) with regard to the compliance with the `requirements of regulation 30 of the SEBIJ LODR Regulations (continued disclosure) regarding contracts /documents /information which are classified as secret and confidential /sensitive by the MoD. Nature of order(s)/contract(s): Design, build and deliver the vessels after completion.

Time period by which the order(s)/contract(s) is to be executed: 1st vessel delivery is TO + 41 months and delivery of subsequent vessels at intervals of Five (05) months, where TO is the date of release of advance payment by the Buyer to the Seller. Broad consideration or size of the order(s)/contract(s): Approx. INR 16,000 million.