The Great Eastern Shipping Company Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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The Great Eastern Shipping Company has informed the stock exchanges that shareholders at the AGM held on August 1, 2025 approved an amendment to its Articles of Association. The specific change substitutes Article 92(1) so that Mr. Bharat K. Sheth, as long as he continues to be a Director of the Company, shall not be liable to retirement by rotation. In effect, this secures Mr. Sheth's board position permanently, exempting him from the periodic re-election process that applies to other directors. A copy of the altered Articles of Association was enclosed with the filing. The amendment was signed and submitted by Company Secretary Anand Punde.
For shareholders, this change strengthens the continuity of a key director (Mr. Bharat K. Sheth, from the promoter Sheth family) on the board by removing the need for periodic shareholder re-approval through rotation. It is a governance-related change that locks in promoter influence on the board and may be viewed by some investors as reducing shareholder voting rights on director continuity.