The Great Eastern Shipping Company Limited has informed the Exchange that Record date for the purpose of Dividend is 06-Aug-2025.
GESHIP · price
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The Great Eastern Shipping Company has declared an interim dividend of Rs. 7.20 per share for FY 2025-26, with a record date of August 6, 2025 and payment scheduled on or after August 22, 2025. The Board also approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Additionally, the company will grant a term loan of up to Rs. 425 crores to its wholly owned subsidiary Greatship (India) Limited (GIL) at 7.50% interest for 2.5 years. The purpose is to help GIL prepay its existing External Commercial Borrowing of USD 70.9 million, which the company expects will result in substantial savings at the group level.
Shareholders holding shares as of August 6, 2025 will receive Rs. 7.20 per share as interim dividend. The inter-corporate loan to the subsidiary is a routine group-level treasury move expected to save costs by replacing costlier external borrowing with cheaper internal funding, which is mildly positive for overall group profitability.