Great Eastern Shipping Co. Ltd. — Capital/Financing Update 2025

Jul 31, 2025

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Our Ref.: S/2025/JMT July 31, 2025

BSE Limited

1[st] 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

BSE Scrip code: 500620

Trading Symbol – GESHIP

Dear Sir/Madam,

This is to inform you that the Board of Directors at their meeting held today, i.e. July 31, 2025 have:

1. Considered and approved unaudited financial results (Provisional) for the quarter ended June 30, 2025.

Copy of the results together with the Limited Review Report and Security Cover Certificate for the quarter ended June 30, 2025 are attached.

The results will be published in the newspapers as required.

1. Declared an interim dividend for FY 2025-26 of Rs. 7.20 per share to the equity shareholders of the Company.

The ‘Record Date’ fixed for the purpose of ascertaining the shareholders eligible for receiving interim dividend is August 06, 2025. The interim dividend will be paid to the shareholders on or after August 22, 2025.

1. Approved granting a term loan upto Rs. 425 crores to Greatship (India) Limited (‘GIL’), a wholly owned subsidiary of the Company.

GIL has current outstanding External Commercial Borrowing facility (‘ECB’) of USD 70.9 Mn, repayable in installments upto March 2028. Considering the overall liquidity position at group level, the Board of Directors of the Company have approved granting term loan upto Rs. 425 crores to GIL to enable it to prepay the

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ECB. It is estimated that the above proposal will result in substantial savings at a group level.

The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in relation to point 3. above are enclosed as “Annexure A”.

The meeting of the Board of Directors commenced at 02.00 p.m. and concluded at 04.40 p.m.

You are requested to take note of the above.

Thanking You, Yours faithfully,

For The Great Eastern Shipping Company Limited

Anand Digitally signed by Anand Prabhak Prabhakar Punde Date: 2025.07.31 ar Punde 18:19:24 +05'30'

Anand Punde Company Secretary Email ID: anand_punde@greatship.com

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Annexure A

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Details required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:

Sr. No.	Particulars	Details
a.	Name(s) of parties with whom the agreement is entered;	The loan agreement will be entered into with Greatship (India) Limited, a wholly owned subsidiary of the Company (‘GIL’).
b.	Purpose of entering into the agreement;	For the purpose of granting an inter-corporate loan to GIL for prepayment of its existing External Commercial Borrowing facility (current outstanding USD 70.9 Mn)
c.	Size of agreement;	Upto Rs. 425 crores
d.	Shareholding, if any, in the entity with whom the agreement is executed;	The Company holds 100% shares in GIL.
e.	Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.;	Broad terms of the loan are as follows: 1. Rate of interest: 7.50% per annum, payable quarterly. 2. Term of loan: 2.5 years, with prepayment option with GIL The terms of the loan will not contain any terms pertaining to right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure.
f.	Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship;	GIL is a wholly owned subsidiary of the Company. The promoters/promoter group are not interested in the transaction.
g.	Whether the transaction would fall within related party	Yes, the transaction is being done at an arm’s length basis.

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	transactions? If yes, whether the same is done at “arm’s length”;
h.	In case of issuance of shares to the parties, details of issue price, class of shares issued;	Not Applicable
i.	In case of loan agreements, details of lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed from a party become material on a cumulative basis;	Lender:The Great Eastern Shipping Company Limited Borrower: Greatship (India) Limited Nature of loan:Unsecured loan Amount of loan to be granted: upto Rs. 425 crores Date of execution of loan agreement: The loan agreement will be executed in due course. Security provided, if any: Nil
j.	Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc.;	Not Applicable
k.	In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement;	Not Applicable

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iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof.

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