The Great Eastern Shipping Company Limited has informed the Exchange that the first term of Mr. Shivshankar Menon as an Independent Director of the Company will end at the close of business hours on May 05, 2025. Accordingly, he will cease to be a Director on the Board of the Company.
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Mr. Shivshankar Menon, an Independent Director of The Great Eastern Shipping Company, will complete his first three-year term on May 5, 2025. He was originally appointed on May 6, 2022, after shareholder approval at the July 29, 2022 AGM. As a result, he will step down from the Board at the close of business hours on May 5, 2025. The reason given is routine completion of his first term, not resignation. The company has filed the required SEBI disclosure with details under Annexure A.
This is a routine, planned end of a director's term and is unlikely to have any material impact on the stock price or operations. The company may announce a replacement independent director in due course to comply with board composition requirements.