Great Eastern Shipping Company acquired 19,403 equity shares in its ₹900 crore open market buyback on October 9, 2026. The average acquisition price was ₹1,530.00, bringing the cumulative count to 21,79,287 shares.

This activity follows a period of mixed trading earlier in the month. On October 7, the company recorded nil acquisitions, leaving the cumulative count at 20,63,954. Prior to that, on October 1, it had acquired 1,44,121 shares at an average price of ₹1,528.62. On September 29, it bought 1,797 shares at the maximum ceiling price of ₹1,530.00, with no purchases on September 30.

Buyback transaction details

The October 9 transactions were executed through Kotak Securities Limited. The breakdown across exchanges shows significant volume on the National Stock Exchange compared to the Bombay Stock Exchange for this specific day.

The company reported no quantity closures or cancellations for the day, meaning the cumulative total reflects only new acquisitions added to the previous day's standing.

Regulatory compliance and disclosures

The buyback is being executed in compliance with SEBI (Buy-Back of Securities) Regulations, 2018. Details of daily transactions are disclosed to BSE and NSE and are available on the company's website. The cumulative figure as of October 9 represents a steady progression toward the program's completion, with the average price remaining near the upper limit of the authorized range.

Great Eastern Shipping Company has announced a change in its senior management, with Salil Raghavan retiring as Head (HR & Admin) on October 4, 2026, and Savitha Krishnamoorthy appointed in his place effective October 5, 2026.

The development was disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Raghavan will continue to be associated with the company as an advisor following his retirement.

Leadership transition in HR function

The following table summarises the key details of the senior management change as disclosed by the company:

Profile of incoming Head (HR & Admin)

Savitha Krishnamoorthy has been associated with Great Eastern Shipping Company since May 2001 and brings over two decades of experience in the human resources function. Her portfolio spans talent acquisition, talent and performance management, compensation and benefits, and employee and leadership development through learning initiatives, multi-rater (360-degree) feedback, and coaching.

Krishnamoorthy holds a Post Graduate Diploma in Business Administration (Human Resources) from Welingkar Institute of Management, Mumbai, and a Bachelor of Commerce degree from Narsee Monjee College of Commerce, Mumbai. She has also completed the CHRO Leadership Programme from Cornell University. She is accredited to administer a range of psychometric instruments, including MBTI, Hogan, Lumina (Spark), Harrison, Saville Wave, CPI 260, and OPQ.

Krishnamoorthy will be categorised as Senior Management Personnel of the company with effect from October 5, 2026, as per the provisions of Regulation 16(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.