The Great Eastern Shipping Company Limited’s Board of Directors convened on November 06, 2026, to discuss and approve key financial and corporate actions. The board declared a second interim dividend of ₹14.40 per equity share for FY 2026-27 and reviewed the unaudited financial results for the quarter and half-year ended September 30, 2026. Additionally, a proposal for a share buyback of up to ₹900 crore was approved, with approximately 4.27 million shares bought back.
Financial Performance and Dividend Announcement
The Board of Directors of The Great Eastern Shipping Company Limited, in their meeting held on November 06, 2026, have approved the unaudited financial results (Provisional) for the quarter and half-year ended September 30, 2026. Copies of these results, along with the Limited Review Report and Security Cover Certificate, have been attached.
Furthermore, the board has declared a second interim dividend of ₹14.40 per equity share for the Financial Year 2026-27. The ‘Record Date’ for determining eligible shareholders for this dividend has been fixed as November 13, 2026, with payments expected on or after December 01, 2026. This follows a first interim dividend of ₹14.40 per share declared earlier in the year, bringing the total interim dividends for the year to ₹28.80 per equity share.
Share Buyback and Fleet Updates
During the quarter ended September 30, 2026, the company’s Board approved a proposal for a share buyback of up to ₹900 crore. As of the reporting date, the company had bought back 1,858,941 equity shares for ₹262.72 crores. Subsequent to the quarter, an additional 2,418,253 shares were bought back, bringing the total buyback to 4,277,194 equity shares utilizing ₹627.42 crores.
The company also reported changes to its fleet, including the sale of the 2009-built tanker ‘Jag Lokesh’ and the delivery of new tankers such as ‘Jag Laxman’. Several new contracts for vessel acquisitions were also announced, indicating strategic fleet expansion and modernization.
Auditor’s Review and Disclosures
The financial results underwent a Limited Review by the statutory auditors, Deloitte Haskins & Sells LLP. The auditor’s report confirms that based on their review, the consolidated and standalone financial statements have been prepared in accordance with applicable accounting standards and regulations, and do not contain any material misstatement. Additional disclosures regarding debentures, security cover, and financial covenants are also provided as per SEBI regulations.
Source: BSE
