The Great Eastern Shipping Company Limited has informed the Exchange about General Updates
GESHIP · price
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The Board of Greatship (India) Limited (GIL), a wholly owned subsidiary of Great Eastern Shipping, has approved the voluntary liquidation of Greatship Oilfield Services Limited (GOSL), a step-down wholly owned subsidiary. GOSL was incorporated in July 2015 but has never commenced any business operations. As of March 31, 2025, GOSL had nil revenue and a net worth of just Rs. 17.73 lakhs, making it a non-material, dormant entity. The liquidation is essentially a corporate housekeeping exercise with no sale consideration involved.
Negligible impact on shareholders — the subsidiary being liquidated was inactive with zero revenue and a token net worth, so the move streamlines the group structure without affecting the company's financials or operations.