The Great Eastern Shipping Company informs about outcome of board meeting

28 Jan 2025 Evaluate

The Great Eastern Shipping Company has informed that the Board of Directors at their meeting held today, January 28, 2025 has Considered and approved unaudited financial results (Provisional) for the quarter ended December 31, 2024. Copy of the results together with the Limited Review Report and Security Cover Certificate for the quarter ended December 31, 2024 are attached. The results will be published in the newspapers as required; Declared an interim dividend of Rs. 8.10 per share to the equity shareholders of the Company. The ‘Record Date’ fixed for the purpose of ascertaining the shareholders eligible for receiving interim dividend is February 03, 2025. The interim dividend will be paid to the shareholders on or after February 20, 2025; Appointed Amitabh Kumar as an Additional and Independent Director of the Company for a tenure of 5 years with effect from January 28, 2025. The company has enclosed brief profile of Amitabh Kumar as ‘Annexure A’. The company has affirmed that Amitabh Kumar is not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority. He is not related to any Director of the Company; Recommended to the shareholders, the re-appointment of Shivshankar Menon, T. N. Ninan and Uday Shankar as Independent Directors of the Company for a second term of 5 years with effect from May 06, 2025; authorised Borrowing Committee to consider and approve early redemption of the 8.05% Secured Non-Convertible Debenture aggregating to Rs. 150 crores (ISIN: INE017A07567), on such terms as may be agreed with the Debenture holders. The meeting of the Board of Directors commenced at 10.00 am. and concluded at 2.10 pm.

The above information is a part of company’s filings submitted to BSE.

GE Shipping Share Price

908.45 -2.50 (-0.27%)
14-Feb-2025 10:39 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 158.00
GE Shipping 908.45
Dredging Corp 625.95
Seamec 874.20
Transworld Shipping 276.75
View more..
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
Loading...
Hold on