In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that during and official delegation visit to Norway, the company has signed following Memorandum of Intent (MoI) and Memorandum of Understandings (MoUs):\r\n\r\n(a) GRSE signed MoI with M/s Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG, Germany for the construction of four (04) follow-on 7,500 DWT Multi-Purpose Vessels. The firm contract for the vessels is expected to be finalized by 31 Aug 2025.\r\n\r\n(b) MoU with M/s Aries Marine, a Dubai based, established and independent engineering and design firm for offshore Platform and vessel design. This MoU aims to facilitate collaboration on identifying and developing offshore orders for platforms designed by Aries and built by GRSE.\r\n\r\n(c) GRSE also signed MoU with a Global Engine Manufacturer on the same day.