Great Eastern Shipping Company Ltd (GESHIP) — Buyback / Redemption | 31 August 2026(3 announcements)

Great Eastern Shipping Company Ltd announced a buyback of up to 5,882,352 shares at INR 1,530 per share, representing 4.12% of paid-up capital, with a maximum size of INR 900 crore. The Board approved the buyback on August 27, 2026, to be executed via open market purchases over 66 working days, utilizing at least 75% of the size (INR 675 crore) and 40% (INR 360 crore) in the first half. Funds will be sourced from free reserves and securities premium, with promoter holdings frozen at ISIN level. The buyback complies with SEBI regulations and will not impact delisting or capital structure adversely.

Great Eastern Shipping Company Ltd (GESHIP) announced a board-approved buyback of up to 5,882,352 shares at INR 1,530 per share, representing 4.12% of paid-up capital and 7.19% of paid-up capital plus free reserves as of March 31, 2026. The buyback, valued at INR 900 crore, will be executed via open market purchases on stock exchanges over a maximum period of 66 working days, with a minimum utilization of 75% (INR 675 crore) and at least 40% (INR 360 crore) spent in the first half. Funds will be sourced from free reserves and securities premium, with an escrow account of INR 225 crore managed by Mahindra Bank. The company confirmed no insolvency risk, no defaults, and compliance with SEBI and Companies Act regulations. Shareholding will be frozen during the buyback period, and shares will be extinguished post-completion. The filing also includes AGM details, dividend declaration of INR 0.30 per share, and e-voting procedures.

Great Eastern Shipping Company Ltd announced a buyback of up to INR 900 crore of its equity shares at a maximum price of INR 1,530 per share, targeting a minimum of 44.12 lakh shares over 66 working days, funded from free reserves to reduce share count and return excess cash to shareholders.