Great Eastern Shipping Company Ltd

Great Eastern Shipping Company Business Update

GE Shipping has delivered its 2009 built LR2 Product Tanker, Jag Lokesh, to buyers. The fleet now comprises 40 vessels.

Great Eastern Shipping Company Capacity Expansion

GE Shipping took delivery of a 109,990 dwt LR2 tanker named 'Jag Laxman'. The company's total owned fleet now stands at 41 vessels.

Great Eastern Shipping Company Business Update

Great Eastern Shipping filed its FY2025‑26 Business Responsibility and Sustainability Report, noting a ₹44 Crore CSR commitment. The filing underscores its safety, environmental and stakeholder focus.

Value

₹44.00 Cr

Great Eastern Shipping Company Annual General Meeting

Great Eastern Shipping Co. Ltd. will hold its 78th AGM on 4 Aug 2026 via video conferencing. Remote e‑voting runs from 30 July to 3 Aug 2026.

Great Eastern Shipping Company Merger & Restructuring

GE Shipping will sell its 105,900 dwt tanker ‘Jag Lokesh’ to a party, delivering in Q2 FY27. It also aims to buy an LR2 product tanker then.

Great Eastern Shipping Company Credit Rating

The Great Eastern Shipping announced credit rating updates from CARE Ratings. Ratings for NCDs and bank facilities were reaffirmed or withdrawn.

Great Eastern Shipping Company Capacity Expansion

The Great Eastern Shipping Company contracted to buy a secondhand 110,000 dwt Long Range 2 tanker, financed from internal accruals. The addition expands fleet capacity, supporting growth.

Great Eastern Shipping Company Other Announcement

Great Eastern Shipping Company filed its Annual Secretarial Compliance Report for FY2026. The auditor reported full regulatory compliance with no material deviations or penalties.

Great Eastern Shipping Company Debt & Borrowing: ₹12.38 Cr

Great Eastern Shipping confirmed a ₹12.38 Crore interest payment on its 8.25% NCDs. The timely payment reinforces the company's financial stability and commitment to debenture holders.

Value

₹12.38 Cr

Great Eastern Shipping Company Earnings Call: Key Takeaways

Great Eastern Shipping reported its best-ever quarterly and annual consolidated profit, crossing INR 1,000 crores for FY26. Management declared a record quarterly dividend of INR 11.70 per share.

Great Eastern Shipping Company Earnings Call: Key Takeaways

Great Eastern Shipping reported record standalone PAT for Q4FY26 and FY26. Management declared a highest-ever quarterly dividend of INR 11.70/share amid strong tanker and dry bulk earnings.

Great Eastern Shipping Company Debt & Borrowing: ₹1,116 Cr

The Great Eastern Shipping Company submitted its quarterly security cover certificate for March 2026. Audit confirms compliance with financial covenants for ₹1116.38 Crore in debentures.

Value

₹1,116 Cr

Great Eastern Shipping Company Order Update

Great Eastern Shipping delivered its 2003 built tanker 'Jag Pankhi' to buyers. This transaction reduces the owned fleet to 39 vessels for Q1 FY27.

Execution

Q1 FY27

Great Eastern Shipping Company Dividend

Great Eastern Shipping declared a Rs. 11.70 per share fourth interim dividend for FY26. May 20 is the record date for payment eligibility.

Great Eastern Shipping Company Q4 FY26 Results: Net Profit ₹1,044 Cr, Up 187.6% YoY

Great Eastern Shipping Company Ltd reported revenue from operations of ₹1,511 Cr (+23.6% YoY) and net profit of ₹1,044 Cr (+187.6% YoY) for Q4 FY26.

Key figure

Net profit ₹1,044 Cr · +187.6% YoY

Great Eastern Shipping Company Financial Results

The company approved annual audited financial results and declared a fourth interim dividend of Rs. 11.70 per share. Performance highlights stable growth and shareholder returns.

Value

₹11.70 Cr

Great Eastern Shipping Company Order Update

GE Shipping delivered its tanker 'Jag Prakash' to buyers on May 13, 2026. The transaction reduces its fleet to 40 vessels, including 25 tankers.

Great Eastern Shipping Company Debt & Borrowing: ₹252.2 Cr

The Great Eastern Shipping Company Limited has completed the full redemption of its 8.70% Unsecured Non-Convertible Debentures. The company paid ₹250.00 Crore towards principal redemption and ₹21.75 Crore in interest on May 6, 2026. This marks the successful settlement of the ₹271.75 Crore total obligation on its due date.

Value

₹252.2 Cr

Great Eastern Shipping Company Management Change

The Great Eastern Shipping Company Limited has re-appointed Mrs. Bhavna Doshi as a Non-Executive Independent Director. Approved via postal ballot, her second term runs from May 12, 2026, to October 25, 2030 (53 months). This ensures board continuity and maintains independent governance.

Execution

53 months

Great Eastern Shipping Company Annual General Meeting

The Great Eastern Shipping Company Limited announced the results of a postal ballot. Shareholders approved the re-appointment of Mrs. Bhavna Doshi as an Independent Director for a second term until October 2030 with a 90.37% majority. The resolution was passed as a Special Resolution effective April 30, 2026.

Great Eastern Shipping Company Board Meeting Date

The Great Eastern Shipping Company Limited has scheduled a Board Meeting for May 14, 2026. The board will consider audited standalone and consolidated financial results for the year ended March 2026 and a dividend declaration. The trading window remains closed until May 17, 2026.

Great Eastern Shipping Company Board Meeting Date

Great Eastern Shipping Company Ltd has scheduled a Board meeting on May 14, 2026. The meeting will focus on approving audited standalone and consolidated financial results for the year ended March 31, 2026, and considering a dividend declaration.

Great Eastern Shipping Company Capacity Expansion

The Great Eastern Shipping Company took delivery of a 2014-built Kamsarmax carrier, 'Jag Abhishek', expanding its fleet to 41 vessels. The acquisition was funded through internal accruals. The company also announced plans to buy one tanker and sell two others in Q1 FY27, maintaining nearly 100% capacity utilization.

Great Eastern Shipping Company Management Change

Mr. Berjis Desai has resigned as a Non-Executive, Non-Independent Director of Great Eastern Shipping Company Ltd, effective April 24, 2026. The resignation follows his appointment as a Member of the National Commission for Minorities, New Delhi. He confirmed there are no other material reasons for his departure.

Great Eastern Shipping Company Debt & Borrowing: ₹200 Cr

The Great Eastern Shipping Company Limited submitted its annual disclosure for the centralized database of corporate bonds. The report highlights the redemption of Rs. 200 Crore worth of NCDs on November 10, 2025, and provides detailed listing, credit rating, and interest payment status for its outstanding debenture series.

Value

₹200.0 Cr

Great Eastern Shipping Company Merger & Restructuring

The Great Eastern Shipping Company Limited has contracted to sell its 2003-built Medium Range Tanker 'Jag Pankhi' (46,273 dwt) to an unaffiliated third party. The vessel delivery is expected in Q1 FY27. This sale is part of the company's routine fleet management and asset disposal strategy.

Execution

Q1 FY27

Great Eastern Shipping Company Merger & Restructuring

Great Eastern Shipping Company Ltd (GE Shipping) has contracted to sell its 2003 built Medium Range Tanker 'Jag Pankhi'. The vessel, with a capacity of 46,273 dwt, is scheduled for delivery to an unaffiliated buyer in Q1 FY27. Following this sale and other pending transactions, the company's fleet will comprise 40 vessels.

Execution

Q1 FY27

Great Eastern Shipping Company Debt & Borrowing: ₹1,250 Cr

The Great Eastern Shipping Company Limited submitted its half-yearly debt security disclosure for the period ended March 31, 2026. The report details six NCD series totaling ₹1,250 Crore in issuances. Notably, ₹200 Crore of 8.24% Unsecured NCDs (ISIN: INE017A08250) were redeemed on November 10, 2025.

Value

₹1,250 Cr

Great Eastern Shipping Company Other Announcement

The Great Eastern Shipping Company Limited submitted its quarterly certificate regarding the dematerialization of securities for the period ended March 31, 2026. The company's RTA, KFin Technologies, confirmed that certificates were processed within 15 days and no rematerialization requests were received during the quarter.

Execution

quarter ended March 31, 2026

Great Eastern Shipping Company Merger & Restructuring

The Great Eastern Shipping Company Limited has contracted to sell its 2007-built Medium Range Tanker, 'Jag Prakash' (47,848 dwt), to an unaffiliated third party. The vessel, which contributed 0.0232% to previous year's turnover, is scheduled for delivery in Q1 FY27. This transaction aligns with the company's fleet management strategy.

Execution

Q1 FY27