The Great Eastern Shipping Company Limited announced that its Board of Directors, in a meeting held on November 06, 2026, has approved the unaudited financial results for the quarter and half year ended September 30, 2026. Concurrently, the Board also declared a second interim dividend of ₹14.40 per equity share for the financial year 2026-27. The record date for this dividend has been fixed as November 13, 2026, with payments expected on or after December 01, 2026.
Financial Results and Dividend Declaration
The Great Eastern Shipping Company Limited (GESC) has made a significant announcement following a Board of Directors meeting held on November 06, 2026. The Board reviewed and approved the company’s unaudited financial results, both consolidated and standalone, for the quarter and half year concluding on September 30, 2026. These results, along with the Limited Review Report and Security Cover Certificate, have been formally attached to the announcement.
Second Interim Dividend Declared
In a move beneficial to its shareholders, the company declared a second interim dividend of ₹14.40 per equity share (face value ₹10) for the financial year 2026-27. This follows a previously declared first interim dividend of the same amount, bringing the total interim dividends for the year to ₹28.80 per equity share. The ‘Record Date’ for determining eligible shareholders for this dividend is set for November 13, 2026. The dividend will be disbursed to shareholders on or after December 01, 2026.
Fleet Updates and Share Buyback
The announcement also touched upon recent operational activities. During and subsequent to the quarter, the company reported sales of one vessel and purchases of several new and secondhand vessels, including bulk carriers and a Suezmax tanker. Furthermore, the Board had previously approved a proposal for a share buyback program of up to ₹900 crore. As of September 30, 2026, the company had bought back 1,858,941 equity shares for ₹262.72 crore, with an additional 2,418,253 shares bought back subsequently, bringing the total buyback to 4,277,194 shares utilizing ₹627.42 crore. Approximately 3,848,494 of these shares have been extinguished, reducing the paid-up equity share capital to ₹138.92 crore.
Auditor Review and Disclosures
The financial results have undergone a Limited Review by the statutory auditors, Deloitte Haskins & Sells LLP, and were approved by the Audit Committee and the Board of Directors. Additional disclosures include information regarding the company’s secured and unsecured redeemable non-convertible debentures, detailing the security cover and compliance with covenants. The full results are available on the websites of BSE, NSE, and the company itself.
Source: BSE
