Great Eastern Shipping Co. Ltd. — Board/Management Information 2022

May 6, 2022

Our Ref.: S/2022/JMT

May 06, 2022

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BSE Limited

1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI – 400 001

National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C/1, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051

This is to inform you that the Board of Directors at their meeting held today, i.e. May 6, 2022 have approved the audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2022.

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Regulations), we enclose herewith the following:

• (i) Audited Financial Results (Standalone and Consolidated) for the year ended March 31, 2022, and

• (ii) Auditors' Report on the Audited Financial Results (Standalone and Consolidated).

Pursuant to the provisions of Regulation 33(3)(d) of the Regulations, we hereby declare that the Statutory Auditors of the Company, Deloitte Haskins & Sells LLP (Registration No.: 117366W/W-100018) have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company (Standalone & Consolidated) for the year ended on March 31, 2022.

The Board has approved 2[nd] interim dividend of Rs. 5.40/- per share for the financial year ended March 31, 2022 to the equity shareholders of the Company. The ‘Record Date’ fixed for the purpose of ascertaining the shareholders eligible for receiving interim dividend is May 18, 2022. The interim dividend will be paid to the shareholders on or after May 27, 2022.

www.greatship.com

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The Board has also approved the issue of Non-convertible Debentures upto an amount not exceeding Rs. 1000 crore by way of private placement during a period of one year.

We further wish to inform that the Board has appointed Mr. Shivshankar Menon, Mr. T.N. Ninan and Mr. Uday Shankar as Additional and Independent Directors w.e.f. May 06, 2022 for a tenure of 3 years.

We enclose herewith brief profiles of Mr. Shivshankar Menon, Mr. T. N. Ninan and Mr. Uday Shankar as Annexure ‘A’,’ B’ and ‘C’ respectively.

We hereby affirm that Mr. Shivshankar Menon, Mr. T. N. Ninan and Mr. Uday Shankar are not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority. They are not related to any Director of the Company.

The meeting of the Board of Directors commenced at 10.15 a.m. and concluded at 3.20 p.m.

You are requested to take note of the above.

Thanking You, Yours faithfully, For The Great Eastern Shipping Co. Ltd.

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Jayesh M. Trivedi President (Secl. & Legal) & Company Secretary Email ID: jayesh_trivedi@greatship.com

www.greatship.com

Annexure ‘A’

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SHIVSHANKAR MENON

Ambassador Shivshankar Menon is currently visiting professor at Ashoka University, India, and Chair of the Ashoka Centre for China Studies.

He was previously National Security Advisor to the Prime Minister of India, Jan 2010May 2014; Foreign Secretary of India, October 2006-July 2009; and has served as the Indian Ambassador or High Commissioner to China, Pakistan, Sri Lanka and Israel.

In 2016 he published Choices; Inside the Making of Indian Foreign Policy . His book on India and Asian Geopolitics; The Past, Present (Brookings Press USA, & Penguin Random House India) was released in April 2021.

He has been a Fisher Family Fellow at the Kennedy School, Harvard University, and Richard Wilhelm Fellow at MIT in 2015. He was chosen one of the “ Top 100 Global Thinkers” by Foreign Policy magazine in 2010.

He is also Chairman, Advisory Board, Institute of Chinese Studies, New Delhi; Distinguished Fellow of the Centre for Social and Economic Progress, India; Distinguished Visiting Research Fellow at the National University of Singapore; Member, Board of Trustees, International Crisis Group; and, a Distinguished Fellow, Asia Society Policy Institute, New York.

www.greatship.com

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Annexure ‘B’

T. N. NINAN

Mr. T. N. Ninan is widely considered to be a pioneering editor and trend-setter in Indian business journalism. In the course of a career spanning five decades, he brought about transformative change in different publications that he led as the editor. Over the years he has been involved with a number of non-profit organisations.

Mr. Ninan was the editor of Business Standard from 1993 to 2009, and from 1996 to 2009 its publisher as well. He was the chairman of the company’s board of directors from 2009 till 2020. Earlier, Mr. Ninan was the editor of The Economic Times; and, in the 1980s, the executive editor at India Today.

Mr. Ninan writes a widely-read weekly opinion column, Weekend Ruminations, in Business Standard; the column is translated and published in different vernacular publications. His book, The Turn of the Tortoise ( 2015), offered a critical assessment of India’s economic prospects. He has also been a television commentator on economic and business issues.

Since 2016, Mr. Ninan has been chairman of the board of trustees of Independent and Public-Spirited Media Foundation, the largest charitable funder of independent news websites. He is an independent director of The Press Trust of India Ltd, India’s leading wire service. He is a past president of the Editors Guild of India.

Mr. Ninan is a recipient of professional awards, including two for lifetime achievement.

www.greatship.com

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Annexure ‘C’

UDAY SHANKAR

Mr. Uday Shankar, director at Marigold Park, is a highly successful and globally recognized Indian executive who created one of the biggest media and entertainment businesses in the Asia-Pacific region. In his new avatar, Mr. Shankar is a technology entrepreneur and is partnering with James Murdoch to set up technologyled enterprises. He currently also serves as the Immediate Past President of the Federation of Indian Chambers of Commerce and Industry (FICCI), India’s premier industry association, and was formerly the President of the Indian Broadcasting Foundation (IBF).

Mr. Shankar has served in several leadership roles including as Chairman and Chief Executive Officer of Star India, President of 21st Century Fox Asia, and more recently President of The Walt Disney Company Asia Pacific & Chairman of Disney & Star India.

Under his leadership, Star transformed into the region’s leading company placed distinctively at the intersection of media, entertainment and technology. He is credited with leading the streaming and OTT revolution in India and in the APAC region. Hotstar is now a leading global OTT. Star Sports transformed into Asia's leading sports network during his tenure. He also led the company’s strong foray into regional and local language content, building a comprehensive consumer offering across entertainment and sports. Mr. Shankar started his career in news and is widely regarded as the pioneer of television news revolution in India with the launch of Aaj Tak, Star News and what’s now known as India Today TV.

Mr. Shankar has been a key contributor to shaping the Indian media and entertainment sector, championing important reforms such as digitization of the distribution ecosystem and self-regulation of content.

www.greatship.com

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Mr. Shankar serves on the boards of global non-profit Malaria No More, and on the boards of Kotak Mahindra Bank and Business Standard. He also serves as an Advisor to the board of US-India Strategic Partnership Forum (USISPF).

Mr. Shankar has been awarded numerous business and industry honours. He was conferred the honorary doctorate degree by Bennett University (The Times of India Group). He was recognized by Forbes India as the “Best CEO (MNC)”, named “Entrepreneur of the Year (Entrepreneurial CEO)” by EY , and has featured in Indian Express’ “100 Most Powerful Indians” and in India Today’s “50 Most Powerful People in India”.

Mr. Shankar has completed his Master’s in Philosophy and Bachelor of Arts (B.A.) Honours from Jawaharlal Nehru University.

www.greatship.com