The Great Eastern Shipping Company Limited has informed the Exchange regarding 'Recommended to the shareholders the appointment of M/s Mehta & Mehta, Company Secretaries as Secretarial Auditors of the Company for a period of 5 consecutive years commencing from FY 2025-26.'.
GESHIP · price
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The Board of Directors of Great Eastern Shipping met on May 9, 2025, and approved audited financial results (standalone and consolidated) for Q4 and FY ended March 31, 2025, with the statutory auditors Deloitte Haskins & Sells LLP issuing an unmodified (clean) opinion. An interim dividend of Rs. 5.40 per equity share was declared, with a record date of May 15, 2025 and payment on or after June 3, 2025. The Board also recommended the re-appointment of Mr. Shivshankar Menon as Independent Director (second term) and re-appointed Mr. Bharat K. Sheth as Deputy Chairman & Managing Director and Mr. G. Shivakumar as Executive Director, each for a 5-year term. Additionally, M/s Mehta & Mehta were recommended as Secretarial Auditors for 5 years from FY 2025-26.
Shareholders will receive a Rs. 5.40 per share interim dividend, and the clean audit opinion along with continuity in leadership (re-appointments of the top management) signals stability. The promoter family's continued presence on the board (Mr. Bharat K. Sheth is the son of the Chairman and brother of another director) is disclosed but is a re-appointment rather than a new governance concern.