Great Eastern Shipping Company has announced the dissolution of its subsidiary, Greatship Oilfield Services Limited (GOSL), following an order from the National Company Law Tribunal (NCLT). This marks the completion of the voluntary liquidation process that was initiated in April 2025.

Corporate Structure and Dissolution Process

GOSL was a wholly owned subsidiary of Greatship (India) Limited (GIL), which itself operates as a wholly owned subsidiary of Great Eastern Shipping Company. The dissolution process commenced in April 2025 when the Board of Greatship (India) Limited approved the voluntary liquidation of GOSL.

Following the NCLT order, GOSL has officially ceased to exist as both a company and a subsidiary of GIL. The tribunal's decision represents the final step in the corporate restructuring process initiated by the company's board earlier this year.

Financial Position at Dissolution

The subsidiary's financial position at the time of dissolution was minimal, reflecting its inactive operational status:

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in conjunction with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The notification confirms that the dissolution does not involve any sale transaction, related party dealings, or scheme of arrangement.

Key regulatory aspects of the dissolution include:

• No consideration received from sale or disposal
• No involvement of external buyers or promoter group entities
• No related party transaction implications
• No scheme of arrangement requirements

Impact on Corporate Structure

With GOSL's dissolution, Great Eastern Shipping Company has streamlined its subsidiary structure by eliminating a non-operational entity. The dissolution removes a subsidiary that contributed no revenue to the group's operations while maintaining minimal net worth of ₹17.73 lakhs.

The completion of this corporate action demonstrates the company's ongoing efforts to optimize its subsidiary structure and eliminate dormant entities that no longer serve operational purposes within the group's business framework.

Great Eastern Shipping Company has announced the acquisition of a used Very Large Gas Carrier (VLGC), marking a significant addition to its maritime fleet. The vessel acquisition demonstrates the company's continued investment in expanding its gas transportation capabilities.

Fleet Expansion Details

The shipping company has committed to purchasing the used VLGC vessel, which will strengthen its position in the liquefied petroleum gas transportation sector. The acquisition aligns with the company's strategic approach to fleet modernization and capacity enhancement.

Timeline and Integration

The newly acquired VLGC is scheduled to join Great Eastern Shipping's operational fleet during the fourth quarter of fiscal year 2026. This timeline allows the company to complete necessary preparations and integration processes before the vessel begins commercial operations.

Strategic Implications

The addition of the Very Large Gas Carrier expands Great Eastern Shipping's capacity in the gas transportation market. VLGC vessels are specifically designed for transporting liquefied petroleum gas and other gas products, representing a specialized segment within the maritime shipping industry.

This strategic move by Great Eastern Shipping Company underscores its commitment to expanding its maritime transportation capacity and reinforces its presence in the gas carrier segment of the shipping industry.