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.

Great Eastern Shipping Company acquired 1,44,121 equity shares in its ₹900 crore open market share buyback on October 1, 2026. The company purchased shares at an average price of ₹1,528.62 through its designated broker, Kotak Securities Limited.

This activity follows a pause in purchases on September 30, 2026, where the company recorded nil acquisitions. Prior to that, on September 29, 2026, the company had bought 1,797 shares at the maximum ceiling price of ₹1,530.00.

Cumulative buyback status

As of October 1, 2026, the total number of equity shares bought back since the commencement of the program stands at 20,03,062. There were no quantity closures or cancellations reported for the day, leaving the cumulative count updated solely by the new acquisitions.

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.