With reference to the earlier announcement dated April 03, 2025 regarding Notice of Offer for sale of shares by Promoter, The President of India, acting through and represented by the Ministry of Defence, Government of India, the promoter of Mazagon Dock Shipbuilders Ltd (the \Promoter\ and the \Seller\) has now informed BSE as under :

\We refer to the Notice dated April 03, 2025 (\Notice\) sent by the Seller to the Stock Exchanges wherein, the President of India, acting through the Ministry of Defence, Government of India (the \Seller\), being the promoter of the Company (the \Seller\) proposed to sell up to 1,14,10,366 Equity Shares of the Company, (representing 2.83% of the total paid up equity share capital of the Company) (\Base Offer Size\), on April 4, 2025, (\T day\) (for non-Retail Investors only) and on April 7, 2025 (\T+1 day\) (for Retail Investors, Employees and for non-Retail Investors who choose to carry forward their un-allotted bids from T day) with an option to additionally sell 80,67,600 Equity Shares (representing 2.00% of the total issued and paid up equity share capital of the Company) (the \Oversubscription Option\), and in the event that the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will represent 4.83% of the total paid-up Equity Share capital of the Company and will collectively be referred to as the \Offer Shares\ while in the event that such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as \Offer Shares\) , through the separate designated window of BSE Limited (\BSE\) and National Stock Exchange of India Limited (\NSE\ and together with BSE, the \Stock Exchanges\) and such offer hereinafter referred as the \Offer\).

In this connection, we wish to exercise the Oversubscription Option to the extent of 47,69,988 Equity Shares (representing 1.18% of the total paid-up equity share capital of the Company) in addition to 1,14,10,366 Equity Shares of the Company, (representing 2.83% of the total paid-up equity share capital of the Company) forming part of the Base Offer Size. Accordingly, the total Offer Size will be up to 1,61,80,354 Equity Shares (representing 4.01% of the total paid up equity share capital of the Company) of which 16,18,036 i.e. 10% of the Offer, would be available for Retail Category on T+1 day, i.e. April 7, 2025, subject to receipt of valid bids, as part of the Offer. Additionally, 50,000 Equity Shares will also be offered to the Employees.

All capitalised terms not defined in this intimation letter shall have the same meanings as ascribed to them in the Notice\.