Receipt of first SBFA milestone payment of Rs. 2,46,18,405 under the revised SBFAS

Artson received Rs. 2,46,18,405, being 30% of overall Shipbuilding Financial Assistance for keel laying milestone of a Floating Dry Dock for Sadhav Offshore Engineering, under revised SBFAS, from DG Shipping, MoPSW.

Mon 5 Oct 2026

Amount Received

Rs. 2,46,18,405

Share of Overall SBFA

30% of overall Shipbuilding Financial Assistance (SBFA)

Milestone

keel laying milestone of a Floating Dry Dock

Paying Authority / Scheme

DG Shipping, MoPSW, under revised SBFAS

Stated Impact

positive impact on the company's cash flow

What the company informed the exchanges

• Artson Limited has received Rs. 2,46,18,405 (Rupees Two Crores Forty-Six Lakhs Eighteen Thousand Four Hundred and Five).
• This is 30% of the overall Shipbuilding Financial Assistance (SBFA) for keel laying milestone completion.
• The payment is under the revised Shipbuilding Financial Assistance Scheme (SBFAS).
• It comes from the Director General of Shipping (DG Shipping), Ministry of Ports, Shipping and Waterways (MoPSW), Government of India.
• The payment relates to the Construction and Supply of the Floating Dry Dock (FDD) to M/s Sadhav Offshore Engineering Private Limited.

Reading the numbers

• The amount received is Rs. 2,46,18,405, described in the update as 30% of the overall SBFA for this milestone.
• The company states the milestone was achieved over a year back, and that the newly revised SBFAS enabled stage-wise release of SBFA, which is why it claimed and received this first milestone payment.

What the company says it means

• The receipt of this SBFA will have a positive impact on the Company's cash flow.
• Artson says it is actively scaling its Shipbuilding Business Unit and strengthening its presence in the shipbuilding sector, including through opportunities relating to small boats, marine products and green boats.
• It describes the timely release of SBFA as an encouraging indication of Government support to the sector, and says this reinforces its initiatives in this direction.

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