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The Great Eastern Shipping Company Limited announced that its board of directors has approved a buyback of up to 58,82,352 fully paid-up equity shares, representing 4.12% of its total paid-up equity share capital, through an open market route. The maximum buyback price is Rs 1,530 per share, with a maximum aggregate amount not exceeding Rs 900 crore. The company will utilize at least Rs 675 crore for the buyback, which would allow for the purchase of a minimum of 44,11,764 shares. Promoters and persons in control of the company will not participate in the buyback.

The Great Eastern Shipping Company Limited will consider a proposal to buy back fully paid-up equity shares at a board meeting on August 27, 2026, in accordance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended; the trading window for the company`s securities will be closed from August 25, 2026, to August 29, 2026.

Great Eastern Shipping Company has contracted to buy a secondhand Kamsarmax Dry Bulk carrier of about 81,886 dwt on 07 August 2026. The 2015 built vessel is expected to join the Company`s fleet in Q3 FY27.The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.The Company`s current owned fleet stands at 40 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.24 mn dwt. The Company`s current capacity utilization is close to 100%.

Net profit of Great Eastern Shipping Company rose 159.43% to Rs 1308.84 crore in the quarter ended June 2026 as against Rs 504.50 crore during the previous quarter ended June 2025. Sales rose 66.91% to Rs 2005.36 crore in the quarter ended June 2026 as against Rs 1201.47 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales2005.361201.47 67 OPM %66.7153.50 - PBDT1598.64733.31 118 PBT1364.78535.96 155 NP1308.84504.50 159 Powered by Capital Market - Live News

Great Eastern Shipping Company announced that the Board of Directors of the Company at its meeting held on 3 August 2026, inter alia, have recommended the interim dividend of Rs 14.4 per equity Share (i.e. 144%) , subject to the approval of the shareholders.