Great Eastern Shipping Board Restructuring – Sheth Transitions to Chairman Emeritus

November 7, 2025

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

Finolex Industries Board Approves Unaudited Results for Q2 2026

InvestyWise News

November 7, 2025

Finolex Industries’ Board has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. Key highlights include revenue from operations of ₹828.43 crore for the quarter. The Board meeting, which approved these results, concluded on November 7, 2025. The company has re-aligned its internal reporting to focus on the manufacture and sale of Pipes and Fittings.

Financial Performance Overview

Finolex Industries announced its unaudited financial results for the second quarter of the financial year 2026, ending September 30, 2025. The Board of Directors officially approved these results at a meeting held on November 7, 2025. The review was completed by Walker Chandiok & Co LLP, Chartered Accountants.

Key Financial Metrics

The following table summarizes the key financial figures from the standalone results:

Revenue from operations for the quarter reached ₹828.43 crore.

Total income stood at ₹911.05 crore.

Profit before tax was ₹59.96 crore.

Profit for the period reached ₹40.67 crore.

Operational Focus

Finolex Industries has streamlined its internal reporting, emphasizing its core business of manufacturing and selling Pipes and Fittings. This strategic shift aligns with Ind AS 108, focusing on resource allocation and performance assessment.

Consolidated Results Highlights

Key figures from the consolidated results show the company’s share of net profit after tax reached ₹7.39 crore and total comprehensive income amounted to ₹7.39 crore for the quarter. The interim financial results for some associates have been reviewed by other auditors.

Assets and Liabilities

Total assets reached ₹6,776.53 crore, with total equity amounting to ₹5,913.40 crore. Liabilities include non-current liabilities of ₹265.39 crore and current liabilities of ₹597.74 crore.

Source: BSE

The Great Eastern Shipping Interim Dividend Declared; Unaudited Results Approved

InvestyWise News

November 7, 2025

The Board of Directors of The Great Eastern Shipping Company has approved the unaudited financial results for the quarter and half year ended September 30, 2025. A ₹7.20 per share interim dividend for FY 2025-26 has been declared, with a record date of November 13, 2025. The dividend will be paid on or after December 02, 2025.

Unaudited Financial Results Approved

The Board of Directors of The Great Eastern Shipping Company has approved the unaudited financial results (Provisional) for the quarter and half year ended September 30, 2025. A copy of the results, along with the Limited Review Report and Security Cover Certificate, has been attached. The company will publish the results in the newspapers as required.

Interim Dividend Declared

The Board has declared a 2nd interim dividend for FY 2025-26 of ₹7.20 per share to the equity shareholders of the Company.

Record Date and Payment Details

The ‘Record Date’ for determining shareholders eligible for the interim dividend is November 13, 2025. The interim dividend will be paid to the shareholders on or after December 02, 2025.

Source: BSE

The Great Eastern Shipping Company Approves Unaudited Results and Interim Dividend

InvestyWise News

November 7, 2025

The Board of Directors of The Great Eastern Shipping Company has approved the unaudited financial results for the quarter and half-year ended September 30, 2025. A ₹7.20 per share interim dividend for FY 2025-26 was declared. The record date for determining shareholders’ eligibility is November 13, 2025, with payment scheduled on or after December 02, 2025.

Financial Results Approved

The Board of Directors has approved the unaudited financial results (Provisional) for the quarter (Q2) and half-year ended September 30, 2025. The Limited Review Report and Security Cover Certificate for the same period are attached.

The company will publish the results in the newspapers as required.

Interim Dividend Declared

The Board has declared a 2nd interim dividend for FY 2025-26 of ₹7.20 per share to the equity shareholders of the Company.

The record date for determining shareholders eligible to receive the interim dividend is November 13, 2025. The interim dividend is expected to be paid to the shareholders on or after December 02, 2025.

Source: BSE

Shipping Corporation of India Reports Q2 FY26 Results, Declares Interim Dividend of ₹3 Per Share

InvestyWise News

November 7, 2025

The Shipping Corporation of India (SCI) has announced its financial results for Q2 FY26, reporting a profit of ₹189.16 million. The Board has declared an interim dividend of ₹3 per equity share, with November 19, 2025, set as the record date. The company is currently undergoing a strategic disinvestment process and is managing a demerged entity, SCI Land and Assets Limited (SCILAL).

Financial Performance Highlights

The Shipping Corporation of India (SCI) reported a profit for the period of ₹189.16 million for Q2 FY26. Total income reached ₹143.61 million, compared to total expenses of ₹123.55 million. The earnings per share stood at ₹4.06.

Interim Dividend Announcement

The Board of Directors has declared an interim dividend of ₹3 per equity share (face value of ₹10 each) for the financial year 2025-26. The record date for determining shareholders’ eligibility for the dividend is set for Wednesday, November 19, 2025. Payment will be made within 30 days of declaration.

Segmental Performance

Segment-wise, the Liner segment reported a profit before tax and interest of ₹11.04 million, the Bulk Carrier segment reported ₹2.11 million, the Tanker segment generated ₹180.06 million, and Technical & Offshore reported ₹1.88 million.

Strategic Disinvestment and Demerger

SCI is currently undergoing a strategic disinvestment process led by the Department of Investment and Public Asset Management (DIPAM). Additionally, 192 non-core assets have been transferred to SCI Land and Assets Limited (SCILAL) as part of a demerger scheme, with SCI leasing these assets back in the interim.

Source: BSE

The Great Eastern Shipping Co. Declares Interim Dividend and Approves Financial Results

InvestyWise News

November 7, 2025

The Great Eastern Shipping Company has announced its unaudited financial results and declared a ₹7.20 per share interim dividend for FY 2025-26. The Board approved results for the quarter and half-year ending September 30, 2025. The record date for the dividend is November 13, 2025, with payment on or after December 2, 2025.

Financial Performance Approved

The Board of Directors of The Great Eastern Shipping Company has approved the unaudited financial results (provisional) for Q2 FY26 and H1 FY26, ending September 30, 2025.

Interim Dividend Declaration

The company declared a second interim dividend of ₹7.20 per equity share for the financial year 2025-26.

Important Dates:

Record Date: November 13, 2025
Dividend Payment: On or after December 02, 2025

Fleet Update

Sales:

Contracted to sell its 2005-built Suezmax Crude Oil Carrier, Jag Lok, in Q3 FY26.
Subsequent to quarter-end, sale of 2005-built Medium Range Product Carrier, Jag Pooja, also in Q3 FY26.

Purchases:

Took delivery of a 2015-built Kamsarmax Dry Bulk Carrier, renamed Jag Amol.
Contracted to buy a secondhand Suezmax Crude Oil Carrier built in 2010, renamed Jag Laadki (delivery after quarter-end).
Contracted to buy a secondhand Kamsarmax Dry Bulk Carrier built in 2016, renamed Jag Anjali (delivery after quarter-end).
Subsequent to quarter-end, contracted to buy a secondhand Ultramax Dry Bulk Carrier built in 2019 (delivery in Q4 FY26).

Consolidated Financial Highlights (H1 FY26)

Key figures from the consolidated unaudited results:

Total Income: ₹2718.66 crores
Profit Before Tax: ₹1136.64 crores
Profit for the Period: ₹1085.91 crores
Total Comprehensive Income: ₹1145.27 crores
Basic EPS: ₹76.06

Standalone Financial Highlights (H1 FY26)

Key figures from the standalone unaudited results:

Total Income: ₹1866.19 crores
Profit Before Tax: ₹901.48 crores
Profit for the Period: ₹848.03 crores
Total Comprehensive Income: ₹847.55 crores
Basic EPS: ₹59.40

Source: BSE

The Great Eastern Shipping Co. Declares Interim Dividend and Approves Financial Results

InvestyWise News

November 7, 2025

The Great Eastern Shipping Company’s Board of Directors has approved the unaudited financial results for Q2 FY26, ending September 30, 2025. The board also declared a second interim dividend of ₹7.20 per share. The record date for determining shareholders eligible for the dividend is November 13, 2025, with payment to be made on or after December 2, 2025. Additionally, there were changes to the company’s fleet during and subsequent to the quarter.

Financial Performance Approved

The Board of Directors has approved the unaudited financial results (provisional) for Q2 FY26 and the half-year ended September 30, 2025.

Interim Dividend Announcement

A second interim dividend for FY26 of ₹7.20 per share has been declared for equity shareholders. The ‘Record Date’ to ascertain shareholders’ eligibility is November 13, 2025. The dividend will be paid on or after December 2, 2025.

Fleet Changes

The following changes were made to the fleet during and after the quarter:

Sales:

The company contracted to sell its 2005-built Suezmax Crude Oil Carrier named Jag Lok. Delivery is scheduled for Q3 FY26.

Subsequent to the end of Q2, the company contracted to sell its 2005-built Medium Range Product Carrier Jag Pooja. Delivery is scheduled for Q3 FY26.

Purchases:

The company took delivery of a Kamsarmax Dry Bulk Carrier built in 2015, renamed Jag Amol.

It contracted to buy a secondhand Suezmax Crude Oil Carrier built in 2010, renamed Jag Laadki, and took delivery following the end of the quarter.

A contract was signed to purchase a secondhand Kamsarmax Dry Bulk Carrier built in 2016, renamed Jag Anjali, with delivery after the quarter ended.

After Q2, the company contracted to purchase a secondhand Ultramax Dry Bulk Carrier built in 2019. Delivery is expected in Q4 FY26.

Auditor Review

The Audit Committee reviewed these results, and the Board of Directors approved them at their meeting on November 7, 2025. The company’s auditors conducted a limited review of the results for Q2 and the half-year ended September 30, 2025.

Financial Highlights (Consolidated)

Total Income: ₹2,718.66 crores

Profit Before Tax: ₹1,136.64 crores

Profit for the period: ₹1,085.91 crores

Earnings per share (Basic): ₹76.06

Earnings per share (Diluted): ₹75.91

Source: BSE

ICICI Prudential October 2025 Performance Update

InvestyWise News

November 7, 2025

ICICI Prudential Life Insurance announces its performance update for October 2025. The company reported a 2.7% year-on-year increase in RWRP and a 2.9% year-on-year growth in APE. New business premium saw a substantial rise of 6.5% year-on-year, with new business sum assured increasing by 23.1%. The company maintains a strong focus on balancing growth, profitability, and risk prudence.

Premium Growth Overview

ICICI Prudential Life Insurance has released its performance figures for October 2025, showcasing positive momentum in key metrics:

RWRP (Retail Weighted Received Premium): Increased by 2.7% year-on-year to ₹6.01 billion.
APE (Annualized Premium Equivalent): Grew by 2.9% year-on-year to ₹7.34 billion.
Retail APE: Reached ₹6.01 billion.

New Business Performance

The company demonstrated robust growth in its new business segment:

New Business Premium: Increased by 6.5% year-on-year, reaching ₹17.73 billion.
New Business Sum Assured: Showed a significant increase of 23.1% year-on-year, amounting to ₹1,119.90 billion.

H1-FY2026 Snapshot

A review of H1-FY2026 performance highlights:

APE: ₹42.86 billion.
VNB Margin: 24.5%.
Assets Under Management: ₹3,214.94 billion.
Solvency Ratio: 213.2%.

Channel-Wise Growth

Analyzing channel performance for H1-FY2026:

Agency: Contributes 24.9%.
Direct: Contributes 14.3%.
Banca: Contributes 30.2%.
PD: Contributes 12.7%.

Product Mix

Product mix highlights for H1-FY2026:

Linked: 48%.
Non-Linked: 22%.
Protection: 19%.
Group Funds: 6%.
Annuity: 5%.

Persistency Ratios

The company maintains healthy persistency ratios across its policies:

13th Month Persistency: 85.3%.
25th Month Persistency: 83.1%.

Source: BSE

Finolex Industries Board Approves Unaudited Financial Results for Q2 2026

InvestyWise News

November 7, 2025

Finolex Industries’ Board has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The standalone revenue from operations stood at ₹828.43 Crore for the quarter. The company reported a standalone profit of ₹51.44 Crore for the quarter. Key financial figures and operational highlights were reviewed at a board meeting held on November 7, 2025.

Q2 Financial Performance

Finolex Industries announced its unaudited standalone financial results for Q2 2026. Key highlights include:

Revenue from Operations: ₹828.43 Crore
Total Income: ₹911.05 Crore
Profit Before Tax: ₹59.96 Crore
Profit for the period: ₹40.67 Crore

These figures reflect the company’s financial performance for the three-month period ending September 30, 2025.

H1 Financial Results

The company also released the unaudited standalone results for the half-year period. The highlights are:

Revenue from Operations: ₹1,968.92 Crore
Total Income: ₹2,106.44 Crore
Profit Before Tax: ₹282.33 Crore
Profit for the period: ₹221.71 Crore

Key Approvals

The Board of Directors officially approved these results at a meeting held on November 7, 2025. The results have undergone a limited review by the statutory auditors.

Source: BSE

Waaree Energies Acquires 76% Stake in Racemosa Energy

InvestyWise News

November 7, 2025

Waaree Energies has acquired a 76% stake in Racemosa Energy (India) Private Limited. The aggregate consideration for this acquisition is ₹53.20 crores. This acquisition makes Racemosa Energy (India) Private Limited a step-down subsidiary of Waaree Energies, effective November 7, 2025. The company has confirmed that the transaction is not related to any promoter or promoter group companies.

Acquisition Announcement

Waaree Energies Ltd. announced on November 7, 2025, the acquisition of a majority stake in Racemosa Energy (India) Private Limited.

Details of the Acquisition

Waaree Power Private Limited (WPPL), a subsidiary of Waaree Energies, has acquired a 76% equity stake in Racemosa Energy (India) Private Limited for an aggregate consideration of ₹53.20 crores. As a result of this transaction, Racemosa Energy (India) Private Limited has become a step-down subsidiary of Waaree Energies, effective immediately.

Transaction Details

The company has clarified that this transaction is not a related party transaction. No promoter or promoter group company has any interest in this transaction, and no government or regulatory approvals were required.

Source: BSE

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