The Great Eastern Shipping Company Limited has informed the Exchange regarding Notice of undefined to be held on August 01, 2025
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The Great Eastern Shipping Company has informed the exchanges that its 77th AGM will be held on Friday, August 01, 2025 at 3:00 PM via video conferencing. The cut-off date for voting eligibility is July 25, 2025, with remote e-voting open from July 28 to July 31, 2025. Shareholders will vote on adopting FY25 audited financials, re-appointing Mr. Ravi K. Sheth (Non-Executive Director), and re-appointing Mr. Shivshankar Menon as Independent Director for a second 5-year term — a re-submission after his previous postal ballot reappointment failed with only 70.87% votes in favor (below the 75% required threshold). Other resolutions include re-appointing Mr. Bharat K. Sheth as Managing Director for 5 years (effective April 1, 2026) and Mr. G. Shivakumar as Executive Director for 5 years (effective November 14, 2025). The notice also seeks approval to amend the Articles of Association, appoint M/s. Mehta & Mehta as Secretarial Auditors for 5 years, and allow Ms. Nirja Sheth (daughter of the MD) to hold an office of profit.
Shareholders should note the re-vote on Mr. Menon's Independent Director appointment given its prior failure to meet the 75% threshold — this is a regulatory requirement under SEBI's 'earlier rejected by shareholders' rule. The continued leadership of the Sheth family in management and board positions is up for confirmation, along with a related-party appointment. No material price-moving financials are announced here, though dividend details may surface during the AGM.