Great Eastern Shipping extends ₹425 crore loan to subsidiary Greatship

The Great Eastern Shipping Company Limited (GESHIP) announced on September 18, 2025, that it has formalized a loan agreement to provide a term loan of ₹425 crore to Greatship (India) Limited (GIL), its wholly-owned subsidiary. This unsecured loan aims to facilitate GIL's prepayment of its existing External Commercial Borrowing facility, which currently has an outstanding balance of $70.9 million.

The loan carries an annual interest rate of 7.50%, payable quarterly, and has a term of 2.5 years, with GIL retaining the option for prepayment. The transaction is conducted on an arm's length basis and does not involve any special rights regarding director appointments, share subscriptions, or restrictions on capital structure changes for the lender.

As a wholly-owned subsidiary, GIL is 100% held by The Great Eastern Shipping Company, and the company confirmed that promoters and promoter groups have no additional interest in this transaction. This disclosure was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.