The Great Eastern Shipping Company Limited announced that its share buyback program will commence on September 4, 2026. This buyback, approved by the Board of Directors, allows the company to repurchase its own equity shares up to a maximum amount of ₹900 crore, with individual shares purchased at a price not exceeding ₹1,530. The initiative aims to return capital to shareholders via the open market route.
Buyback Program Launch
The Great Eastern Shipping Company Limited has officially set the date for the commencement of its previously announced share buyback program. In a communication dated September 3, 2026, the company informed stakeholders that the buyback will officially begin on Friday, September 4, 2026.
Program Details
This buyback initiative was approved by the Board of Directors of the Company. The program allows The Great Eastern Shipping Company Limited to repurchase its own fully paid-up equity shares. The total amount allocated for the buyback shall not exceed ₹900,00,00,000 (Rupees Nine Hundred Crores only). Furthermore, the maximum price at which each equity share will be acquired is capped at ₹1,530 (Rupees One Thousand Five Hundred and Thirty only).
Acquisition Route
The shares will be acquired from the company’s shareholders, excluding promoters and promoter group shareholders. The buyback will be conducted through the ‘open market’ route, utilizing the stock exchange mechanism. This is in compliance with the SEBI (Buy-Back of Securities) Regulations, 2018, and the Companies Act, 2013.
Public Announcement
A public announcement regarding the buyback was initially released on August 29, 2026, and subsequently published on August 31, 2026. The commencement date of September 4, 2026, marks the official start of the share repurchase period.
Source: BSE
