The Great Eastern Shipping Company Limited has officially extinguished 19,89,553 equity shares that were bought back from the open market during October 2026. This action leads to a reduction in the company’s total equity share capital. The extinguishment complies with SEBI’s Buy-Back Regulations and has been duly certified by an independent registrar and depository confirmation.
Equity Share Capital Reduction Following Buyback
The Great Eastern Shipping Company Limited announced the extinguishment of 19,89,553 equity shares of face value Rs. 10/- each. These shares were repurchased by the company from the open market through stock exchanges during the month of October 2026. This corporate action aligns with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018.
Reconciliation of Share Capital
The company provided a reconciliation of its share capital before and after the extinguishment as of October 31, 2026. Prior to the buyback, the paid-up equity share capital stood at 14,27,67,161 shares with a total value of Rs. 1,42,76,71,610. Following the extinguishment of 19,89,553 shares, the paid-up equity share capital is now 13,89,18,667 shares, valued at Rs. 1,38,91,86,670.
A certificate confirming the extinguishment of these shares has been issued by the company’s registrar and secretarial auditors, and a debit confirmation from the National Securities Depository Limited (NSDL) further substantiates the action. The company confirmed that no equity shares in physical form were bought back and extinguished.
Source: BSE
