The Great Eastern Shipping Company Limited has successfully taken delivery of a new dry bulk carrier vessel, expanding its maritime fleet operations. The company announced the acquisition through a regulatory filing and press release on April 30, 2026.

Vessel Acquisition Details

The newly acquired vessel 'Jag Abhishek' represents a significant addition to the company's dry bulk carrier segment. The transaction was financed entirely through the company's internal accruals, demonstrating strong cash flow management.

Updated Fleet Composition

Following the delivery of 'Jag Abhishek', the company's owned fleet has expanded to 41 vessels with a total capacity of 3.28 mn dwt. The fleet maintains a diversified portfolio across tanker and dry bulk carrier segments.

Upcoming Fleet Transactions

The company has outlined additional fleet optimization activities scheduled for the next quarter. These transactions involve both acquisition and divestment of Medium Range Tanker vessels.

Planned Transactions for Q1 FY27:

• Acquisition of one secondhand Medium Range Tanker
• Sale of Medium Range Tanker 'Jag Prakash'
• Sale of Medium Range Tanker 'Jag Pankhi'

These strategic fleet movements indicate the company's ongoing efforts to optimize its vessel portfolio and maintain operational efficiency. The transactions are expected to be completed during Q1 FY27, subject to standard closing conditions.

Great Eastern Shipping Company has announced the successful outcome of its postal ballot for the re-appointment of Mrs. Bhavna Doshi as an Independent Director. The special resolution was passed by the company's members with the requisite majority on April 30, 2026, which was the last day for voting. Mrs. Doshi will serve her second term as Independent Director from May 12, 2026, to October 25, 2030.

Voting Results Overview

The postal ballot was conducted through remote e-voting, with the voting period commencing on April 1, 2026, and concluding on April 30, 2026. The remote e-voting facility was provided by National Securities Depository Limited (NSDL). Based on the Scrutinizer's Report submitted by Ms. Alifya Sapatwala, Partner at M/s. Mehta & Mehta, the resolution received strong support from shareholders.

Detailed Voting Breakdown

The special resolution for the re-appointment of Mrs. Bhavna Doshi secured 95,478,583 votes in favour, representing 90.37% of the total valid votes cast. A total of 10,178,545 votes were cast against the resolution, accounting for 9.63% of the valid votes. There were no abstain or invalid votes recorded during the process.

Shareholder Participation

A total of 750 members voted in favour of the resolution, representing 95,478,583 shares, while 170 members voted against the resolution, representing 10,178,545 shares. The record date for determining eligibility to vote was March 25, 2026, with a total of 161,585 shareholders on record. The resolution was passed as the votes cast in favour exceeded three times the votes cast against the resolution, meeting the requirements for a special resolution under the Companies Act, 2013.

Category-wise Voting Pattern

Promoter and Promoter Group cast 42,936,248 votes with 100% in favour. Public Institutions participated with 56,615,825 votes, of which 46,441,219 were in favour (82.03%) and 10,174,606 against (17.97%). Public Non-Institutions cast 6,105,055 votes, with 6,101,116 in favour (99.94%) and 3,939 against (0.06%).