The Great Eastern Shipping Company Limited has issued a comprehensive notice to shareholders regarding the mandatory transfer of unclaimed equity shares to the Investor Education and Protection Fund (IEPF), following regulatory requirements under the Companies Act, 2013.

Regulatory Compliance and Notice Publication

Pursuant to Section 124(6) of the Companies Act, 2013 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the company has initiated the process for transferring shares where dividends have remained unclaimed for seven consecutive years or more.

The company has published notices in leading newspapers to ensure maximum reach to affected shareholders:

Critical Deadlines and Requirements

Shareholders whose shares are liable for IEPF transfer have received individual communications from the company. The notice establishes clear timelines and requirements for claiming outstanding dividends.

Key Dates and Actions Required

Shareholders must submit complete documentation including Investor Service Request (ISR) Forms, full bank mandate details, original cancelled cheque leaf, and self-attested copies of PAN cards for all holders.

Share Transfer Process and Implications

The company has outlined specific procedures for both physical and demat shareholdings. For physical shares, the company will issue duplicate share certificates for dematerialization purposes before transferring to IEPF. Original certificates will be automatically cancelled and deemed non-negotiable.

Contact Information for Assistance

Recovery Process from IEPF

The notice clarifies that both unclaimed dividends and transferred shares, including all accruing benefits, can be claimed back from IEPF Authority by following prescribed procedures under the Rules. However, no claims can be made against the company once the transfer is completed.

The company emphasizes that SEBI norms require KYC-compliant folios for direct bank credit of outstanding payments. Shareholders without registered bank details cannot receive dividend payments, making timely action crucial.

Compliance Documentation

The notice, signed by Company Secretary Anand Punde and dated April 6, 2026, includes reference number GE/SECL/IT/April-26. Complete details of affected shareholders, including names, folio numbers, and DP ID & Client ID information, will be uploaded on the company's website at www.greatship.com .

This comprehensive notification ensures full regulatory compliance while providing shareholders with clear guidance on protecting their investment interests before the mandatory transfer deadline.

The Great Eastern Shipping Company Limited has contracted to sell its 2007-built medium-range tanker Jag Prakash to an unaffiliated third party. The transaction was announced on April 6, 2026, as part of the company's ongoing fleet management strategy.

Transaction Details

The sale agreement covers the medium-range tanker Jag Prakash, with delivery scheduled for Q1 FY27. The following table summarizes the key transaction parameters:

Current Fleet Composition

Including Jag Prakash, the company's current owned fleet stands at 40 vessels with an aggregate capacity of 3.20 million dwt. The fleet composition is detailed below:

Future Fleet Expansion

The company has also contracted to purchase two secondhand vessels to strengthen its fleet. These acquisitions include one Kamsarmax Dry Bulk Carrier and one Medium Range Tanker, with both transactions expected to be completed in Q1 FY27.

Strategic Fleet Management

This transaction reflects Great Eastern Shipping's strategic approach to fleet optimization, involving the disposal of older vessels while simultaneously acquiring newer tonnage. The sale of the 2007-built tanker, combined with the planned acquisition of two secondhand vessels, demonstrates the company's commitment to maintaining a modern and efficient fleet composition.