Mazagon Dock Shipbuilders Limited (MAZDOCK) has provided a clarification regarding a news item published on www.business-standard.com on January 8, 2026, titled “India, Germany intalks for$8 billion submarine manufacturing deal”.

The company confirmed that negotiations with the Indian Navy and Ministry of Defence (MoD) concerning the Project P75(I) are ongoing, as previously disclosed on August 25, 2025, and September 10, 2025.

MAZDOCK stated that it is not aware of any information not previously announced to the exchanges that could explain any trading movement. The company also indicated that the material impact of the article on the company is not applicable.