Great Eastern Shipping Company board declares interim dividend

10 Mar 2016

Great Eastern Shipping Company has informed that the Board of Directors of the Company at its meeting held on March 10, 2016, have declared an interim dividend of Rs 7.5 per share to the equity shareholders of the Company. The interim dividend will be paid to the shareholders on or after March 23, 2016. The Company has also decided to buy-back its Non-Convertible Debentures (NCDs) of face value not exceeding Rs 500 crore from the existing NCD Holders. The Company will approach the NCD Holders and will purchase the NCDs through negotiated deals at such price as may be agreed with them. The interested NCD Holders may also approach the Company in this respect. Further note that, the Company has 2,500 Secured NCDs and 14,500 Unsecured NCDs of face value of Rs 10 lakh each listed on the WDM segment of the National Stock Exchange of India Limited. The meeting of the Board of Directors commenced at 10.30 a.m. and concluded at 1.10 p.m.

The above information is a part of company’s filings submitted to BSE.

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