As filed · The Great Eastern Shipping Company Limited has informed the Exchange about Board Resolution pertaining to Buyback
Board Resolution pertaining to Buyback. for the buyback of fully paid up equity shares of face value of INR 10/- (Indian Rupees Ten only). Regulations, 2018 (“Buyback Regulations”), as amended (“Buyback”).
A buyback returns cash by retiring shares, so the benefit to a holder depends on the price paid, how many of their shares are accepted, and what the stub is worth afterwards.
Prior statements by this company that CapitSignal has recorded changing.
The company had contracted to buy the vessel in Q1 FY27.
Additionally, the company has contracted to sell one Very Large Gas Carrier 'Jag Vishnu', and this sale transaction is expected to be completed in Q4 FY26.
The company has also contracted to sell one Suezmax Crude Tanker 'Jag Lok', and this transaction is expected to be completed in Q3 FY26.
The company had contracted to buy the vessel in Q1 FY27.
The 2014 Japanese built vessel is expected to join the Company’s fleet by Q1 FY27.
The Great Eastern Shipping Company Limited (GE Shipping) has contracted to buy a secondhand Kamsarmax Dry Bulk Carrier of about 81,094 dwt on March 4, 2026.
