The Great Eastern Shipping Company Limited — Others, 08-07-2025: Shareholders meeting

The Great Eastern Shipping Company Limited has announced a board meeting to consider the financial results for the quarter and half-year. The 77th Annual General Meeting will be held through video conferencing to transact key business including adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025. Board is recommending re-appointment of Mr. Ravi K. Sheth as director liable to retire by rotation, and re-appointment of Mr. Shivshankar Menon as Independent Director for a second term. Re-appointments of Mr. Bharat K. Sheth as Managing Director and Mr. G. Shivakumar as Executive Director for five years are proposed, with modest remuneration increases. The company appointed M/s. Mehta & Mehta as Secretarial Auditors for five years. Ms. Nirja Sheth, daughter of Managing Director, is approved to continue in an office or place of profit with a proposed salary ceiling of ₹45 lakhs p.a. over five years. The Company’s CSR activities continue to focus on education, health, and livelihood, impacting over six lakh people across 16 states and 4 union territories with contributions exceeding ₹34.9 crores. Environmental initiatives include efforts on emission reductions, ballast water management, and waste management complying with international maritime protocols. The Board and Audit Committee composition reflects a majority of independent directors with expertise in shipping, finance, and governance. The company maintains a strong financial position with total revenue around ₹4713 crores, net profit over ₹2166 crores and a robust balance sheet featuring low debt and high cash reserves. Shareholder engagement activities and e-voting processes for resolutions are detailed, supporting transparency and governance.