Great Eastern Shipping has announced a restructuring of its Board. Mr. K. M. Sheth will step down as Non-Executive Chairman, transitioning to the role of Chairman Emeritus effective November 09, 2025. Mr. Bharat K. Sheth, currently Deputy Chairman and Managing Director, will assume the position of Chairman, while continuing his role as Managing Director. The changes reflect long-term succession planning and recognition of service.
Chairman Transition
Effective November 09, 2025, Mr. K. M. Sheth will step down from his position as Non-Executive Chairman of Great Eastern Shipping, due to age-related reasons. He will transition to the role of Chairman Emeritus of the Company for life.
Mr. Sheth joined the Company in 1952 at the age of 20 and was appointed to the Board in 1970. He served as Chairman & Managing Director from 1992, contributing to the company’s growth into one of India’s largest private sector shipping companies.
New Chairman Appointment
The Board has appointed Mr. Bharat K. Sheth, currently Deputy Chairman and Managing Director, as the new Chairman of the Company, effective November 09, 2025. He will also continue to serve as Managing Director.
Mr. Bharat K. Sheth joined the company in 1981 and was inducted to the Board as an Executive Director on July 01, 1989. He became Managing Director on April 01, 1999.
Family Relationships
Mr. Bharat K. Sheth is the son of Mr. K. M. Sheth and brother of Mr. Ravi K. Sheth, who is a Non-Executive Director of the Company.
Source: BSE
