The Great Eastern Shipping Company Limited has scheduled its 78th Annual General Meeting for August 04, 2026, at 03.00 p.m. IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with the Companies Act, 2013 and relevant circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The company will transact business related to the financial year 2025-26 during this session.

The Notice of the AGM and the Annual Report for FY 2025-26 will be sent electronically to members with registered email addresses. Members without registered emails will receive a letter containing a web-link to access the Annual Report. These documents will also be available on the company's website, the websites of BSE Limited and National Stock Exchange of India Limited, and the NSDL e-voting platform.

Members can attend the AGM via the VC/OAVM facility available on the NSDL e-voting platform. All business will be transacted through electronic voting. Individual members holding shares in demat mode may cast votes through remote e-voting via the websites of NSDL, CDSL, or Depository Participants. Other members can utilize the remote e-voting facility at the NSDL website. E-voting will also be available during the AGM for attendees who have not voted remotely.

The company has outlined procedures for members to register or update their email addresses. Physical shareholders must send a request to the company or its Registrar and Transfer Agent, KFin Technologies Ltd., via post or email. Demat shareholders must update their details with their respective Depository Participants. Instructions for attending the meeting and voting, including User IDs and Passwords, will be communicated to members via email.

Regarding dividend distribution, the company has mandated the registration of PAN, KYC details, bank account details, and nomination for physical shareholders in accordance with SEBI circulars dated November 03, 2021. These members must submit a duly filled Form ISR-1 and relevant forms to the company or KFin Technologies Limited. Demat shareholders are required to update their bank details with their Depository Participants.

The Great Eastern Shipping Company Limited has contracted to sell its 2009-built Long Range 2 (LR2) tanker Jag Lokesh to an unaffiliated third party, with delivery scheduled for Q2 FY27. The vessel, with a deadweight tonnage (dwt) of approximately 105,900, is part of the company's strategy to manage its asset portfolio. The transaction aligns with the firm's ongoing efforts to optimize fleet composition and operational efficiency.

Fleet Composition Post-Divestment

Following the divestment, the company's owned fleet stands at 40 vessels, comprising 25 tankers and 15 dry bulk carriers. The tanker segment includes 5 crude tankers, 16 product tankers, and 4 LPG carriers, while the dry bulk segment consists of 2 Capesize, 10 Kamsarmax, 1 Ultramax, and 2 Supramax vessels. The aggregate capacity of the fleet is 3.24 million dwt, with current capacity utilization reported to be close to 100%.

Simultaneous Fleet Acquisition

In a parallel development, Great Eastern Shipping Company has contracted to acquire a secondhand LR2 product tanker built in 2015. This purchase transaction is also expected to be completed in Q2 FY27, indicating a simultaneous replacement and expansion strategy within the LR2 segment. The move reflects the company's focus on modernizing its fleet while maintaining its overall tonnage capacity.

Regulatory Disclosure

The exchange filing was submitted to BSE Limited and National Stock Exchange of India Limited on July 7, 2026. The disclosure confirms that the buyer for Jag Lokesh is unaffiliated, ensuring an arm's length transaction. The company's current operational metrics indicate high utilization of existing assets, supporting the rationale for fleet optimization.