Great Eastern Shipping Company has successfully completed the delivery of its Very Large Gas Carrier Jag Vishnu to buyers, marking the conclusion of a significant vessel transaction. The vessel was contracted for sale in Q3 FY26, representing a strategic fleet management decision by the maritime company.

Vessel Transaction Details

The delivered vessel, Jag Vishnu, is a Very Large Gas Carrier that was originally built in 2002. The completion of this delivery represents the successful transfer of the asset from Great Eastern Shipping Company's fleet to the acquiring parties.

Updated Fleet Composition

Following this transaction, Great Eastern Shipping's current owned fleet stands at 40 vessels, comprising 26 Tankers and 14 Dry Bulk Carriers with a total capacity of 3.20 mn dwt. The fleet composition demonstrates the company's diversified maritime operations across multiple vessel categories.

Future Fleet Expansion

The company has contracted to purchase one secondhand Kamsarmax Dry Bulk Carrier, with the purchase transaction expected to be completed by Q1 FY27. This acquisition indicates Great Eastern Shipping's continued investment in expanding its dry bulk carrier segment while optimizing its overall fleet composition through strategic asset management.

Great Eastern Shipping Company Limited has announced the resignation of its Head of Internal Audit, marking a significant change in the company's key managerial personnel. The disclosure was made in compliance with regulatory requirements under SEBI listing obligations.

Resignation Details

Mr. Ankit Dahanukar, who served as Head (Internal Audit), formally submitted his resignation on March 17, 2026, through an email communication to the company's management. The resignation letter cited his intention to pursue further career goals as the primary reason for leaving the organization.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was formally communicated to both major stock exchanges where the company's shares are listed.

The disclosure included comprehensive details as required under the SEBI Master Circular dated November 11, 2024, ensuring full transparency regarding the personnel change. Company Secretary Anand Punde signed the official communication on March 18, 2026.

Employee's Service Record

In his resignation email, Mr. Dahanukar expressed gratitude for the opportunities and support received during his tenure with the company. He described his eight-year journey as "wonderful" and acknowledged the valuable experiences and professional relationships built during this period.

The departing executive specifically requested relief from company services effective May 16, 2026, providing the organization with adequate transition time. His resignation reflects a personal career decision rather than any organizational issues.

Stock Exchange Notification

The formal disclosure was submitted to both BSE Limited (Scrip code: 500620) and National Stock Exchange of India Limited (Trading Symbol: GESHIP). This ensures that all stakeholders and investors are informed about the key personnel change in accordance with regulatory requirements.

The company emphasized that Mr. Dahanukar will be relieved from services in due course, indicating a structured transition process for the Internal Audit function.

Source: None/Company/INE017A01032/8610b526-c36f-42cf-ad51-2fd948294b36.pdf