Great Eastern Shipping to liquidate subsidiary GESL

Great Eastern Shipping Company has announced the liquidation of its wholly-owned subsidiary, Great Eastern Services Limited (GESL), following board approval on March 7, 2025. GESL, incorporated on June 23, 2020, has not commenced any business operations since its inception. As of March 31, 2024, GESL reported nil revenue and a net worth of INR 839,000. The company disclosed this information in compliance with SEBI regulations, including Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123. The board meeting to approve the liquidation was held earlier today.