Great Eastern Shipping announces leadership change, interim dividend

The Great Eastern Shipping Company Limited announced on November 7, 2025, that K. M. Sheth, non-executive chairman, will step down from the board effective November 9, 2025, due to age-related reasons. Sheth, who joined the company in 1952, was appointed to the board in 1970 and became chairman and managing director in 1992. In recognition of his service, the board has appointed him 'chairman emeritus' for life, an honorary position without remuneration.

Concurrently, Bharat K. Sheth, deputy chairman and managing director, has been appointed chairman of the company, effective November 9, 2025. He will be re-designated as chairman and managing director from the same date. Bharat K. Sheth joined the company in 1981, obtaining a bachelor of science (economics) from St. Andrews University, Scotland. He was inducted onto the board as an executive director on July 1, 1989, and became managing director on April 1, 1999, before being re-designated deputy chairman and managing director on August 12, 2005. He is the son of K. M. Sheth and brother of Ravi K. Sheth, non-executive director.

The board also considered and approved the unaudited financial results for the quarter and half year ended September 30, 2025. Additionally, a second interim dividend for FY 2025-26 of INR 7.20 per share has been declared. The record date for this dividend is November 13, 2025, with payment scheduled on or after December 2, 2025.