Great Eastern Shipping Co. Ltd. — Proxy Solicitation & Information Statement 2026

Mar 31, 2026

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Our Ref.: S/2026/SEC

March 31, 2026

BSE Limited National Stock Exchange of India Limited 1st Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051

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

BSE Scrip code: 500620 Trading Symbol - GESHIP

Dear Sir,

We wish to inform you that pursuant to Sections 108 and 110 of the Companies Act, 2013 (“the Act”) read with Rules 20 & 22 of the Companies (Management & Administration) Rules, 2014 (“the Rules”) and in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India, the Company is seeking approval of the Members through Postal Ballot by voting through electronic means (“remote e-voting”) for re-appointment of Mrs. Bhavna Doshi as an Independent Director of the Company for a second term from May 12, 2026 to October 25, 2030.

The Notice of Postal Ballot is enclosed herewith.

The Company has fixed Wednesday, March 25, 2026 as the ‘cut-off date’ for the purpose of determining eligibility of shareholders to vote by Postal Ballot. A person whose name is recorded in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories as on the ‘cut-off date’ will be entitled to avail the facility of remote e-voting.

www.greatship.com

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The remote e-voting period shall commence at 09.00 a.m. on Wednesday, April 01, 2026 and end at 05.00 p.m. on Thursday, April 30, 2026.

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 ar Punde Date: 2026.03.31 09:14:00 +05'30'

Anand Punde Company Secretary

Email: anand_punde@greatship.com

www.greatship.com

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THE GREAT EASTERN SHIPPING COMPANY LIMITED

Registered Office: Ocean House, 134/A, Dr. Annie Besant Road,

Worli, Mumbai 400 018. Tel.: 022 6661 3000 / 2492 2100 | Fax: 022 2492 5900 Email: shares@greatship.com | Web: www.greatship.com CIN: L35110MH1948PLC006472

NOTICE OF POSTAL BALLOT

[Pursuant to Section 110 of the Companies Act, 2013 and applicable rules thereunder]

Notice is hereby given pursuant to Section 110 and other applicable provisions of the Companies Act, 2013 read with the rules made thereunder, to transact the following special business by passing resolution through Postal Ballot by way of voting through electronic means (‘ remote e-voting’ ):

1. To consider and, if thought fit, to pass the following resolution as a Special Resolution:

“RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and other applicable provisions, if any, of the Companies Act, 2013 (‘the Act’) read with the Rules framed thereunder and Regulation 17 and other applicable regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Listing Regulations’) [including any statutory modification(s) or re-enactment(s) thereof for the time being in force], Mrs. Bhavna Doshi (DIN: 00400508), who holds office as an Independent Director of the Company upto May 11, 2026 and who is eligible for re-appointment for a second term and in respect of whom the Company has received a notice in writing from a member proposing her candidature for the office of Independent Director of the Company under Section 160 of the Act and who has submitted a declaration that she meets the criteria for independence as provided in the Act and the Listing Regulations, be and is hereby re-appointed as an Independent Director of the Company for a second term from May 12, 2026 to October 25, 2030.”

“RESOLVED FURTHER THAT pursuant to the provisions of Regulation 17(1A) of the Listing Regulations, approval of the members be and is hereby accorded to Mrs. Bhavna Doshi (DIN: 00400508), who will attain the age of 75 years on June 26, 2028, to continue as an Independent Director of the Company until expiry of her second term as aforesaid.”

By Order of the Board For The Great Eastern Shipping Company Limited

Anand Punde Company Secretary

Mumbai, March 16, 2026

Registered Office:

Ocean House, 134/A, Dr. Annie Besant Road, Worli, Mumbai 400 018 Tel: 022 6661 3000 / 2492 2100 Fax: 022 2492 5900 Email: shares@greatship.com Web: www.greatship.com CIN: L35110MH1948PLC006472

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NOTICE OF POSTAL BALLOT

NOTES:

1. An Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 ( ‘ the Act’) setting out material facts relating to the proposed resolution is annexed hereto.

2. The information as required under Regulation 36(3) of the Securities and Exchange Board of India (‘ SEBI ’) (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standards in respect of the Director being re-appointed is annexed hereto.

3. Relevant documents referred to in the accompanying Notice and the Explanatory Statement are open for inspection by the members at the Registered Office of the Company on all working days, except Saturdays, during business hours and also on the website of the Company: www.greatship.com.

4. The Ministry of Corporate Affairs has, vide its circulars dated April 08, 2020, April 13, 2020, May 05, 2020, January 13, 2021, December 08, 2021, December 14, 2021, May 05, 2022, December 28, 2022, September 25, 2023, September 19, 2024 and September 22, 2025 (collectively referred to as ‘ MCA Circulars ’) permitted companies to conduct Postal Ballot by sending the notice in electronic form only. The communication of the assent or dissent of the members would take place through the process of remote e-voting only.

5. In compliance with the MCA Circulars, Notice of Postal Ballot is being sent only through electronic mode to those Members, whose e-mail addresses are registered with the Company / Depositories. Members may note that the Postal Ballot Notice will also be available on the Company’s website - www.greatship.com, websites of the Stock Exchanges i.e. BSE Limited and the National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com respectively, and on the website of National Securities Depository Limited (‘ NSDL ’) at www.evoting.nsdl.com.

6. In accordance with the MCA Circulars, physical copies of the Notice, postal ballot forms and pre-paid Business Reply Envelopes are not being sent to Members for this Postal Ballot. Members are requested to provide their assent or dissent through remote e-voting only.

7. Members seeking any information with regard to the business being transacted through Postal Ballot are requested to write to the Company on or before April 30, 2026 through email (mentioning their name, demat account number/folio number, contact details, etc.) on shares@greatship.com. The same will be replied to by the Company suitably.

8. In compliance with the provisions of Sections 108 and 110 of the Act and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company is pleased to provide voting by electronic means (“ remote e-voting ”) facility to the Members, to enable them to cast their votes electronically. The Company has engaged the services of NSDL to provide remote e-voting facility to its Members.

9. The remote e-voting period commences at 09.00 a.m. on Wednesday, April 01, 2026 and ends at 05:00 p.m. on Thursday, April 30, 2026. The remote e-voting module will be disabled by NSDL for voting thereafter. Voting shall not be allowed beyond the said date and time. Once the vote on a resolution is cast by the Member, he/she shall not be allowed to change it subsequently or cast vote again.

10. A member’s voting rights shall be in proportion to his/her share of the paid-up equity share capital of the Company as on Wednesday, March 25, 2026 (‘cut-off date’). Only those Members whose names are recorded in the Register of Members of the Company or in the Register of Beneficial Owners maintained by the Depositories as on the ‘cut-off date’ will be entitled to cast their votes by remote e-voting. Person who is not a Member of the Company as on the cut-off date should treat this notice for information purposes only.

11. SEBI, vide its Circular dated November 03, 2021 (as amended from time to time), has mandated registration of PAN, postal address, email address, mobile number, bank account details, specimen signature and nomination by holders of physical securities. Members holding shares in physical form are requested to submit the necessary details by sending a duly filled and signed Form ISR-1, ISR-2, ISR-3/SH-13, as may be applicable to the Company or its Registrar and Share Transfer Agent (‘ RTA ’) i.e. KFin Technologies Limited (‘ KFinTech ’).

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NOTICE OF POSTAL BALLOT

Members, holding shares in physical form, may also note that as per the aforesaid Circular, the RTAs shall not process any service requests or complaints received from the holder(s) / claimant(s), till the aforesaid details are received. Further, as per the aforesaid circular, w.e.f. April 01, 2024, payment of dividend on shares in physical form shall be made only through electronic mode after receipt of the aforesaid details/documents.

SEBI, vide its notification dated November 18, 2025, has mandated payment of dividend through electronic mode only for shares held in demat form. Accordingly, the Company will not be issuing payable-at-par warrants or cheques or demand drafts in case of non-availability of bank details or rejection in electronic payments by bank. Members holding shares in demat form are requested to update bank details with their Depository Participants. The payment of dividends shall be made only through electronic mode after receipt of updated Client Master List (CML) copy with the correct bank details from the Members.

1. SEBI, vide its Circular dated January 25, 2022, has clarified that listed companies shall issue the securities only in demat mode while processing investor service requests pertaining to issuance of duplicate shares, transmission, transposition, subdivision/ consolidation of share certificates, etc. In view of the same, Members holding shares in physical form are requested to consider converting their holdings to demat mode.

2. Members, holding shares in electronic form, are requested to register their e-mail address for receiving all communication including Postal Ballot Notices, Annual Reports, Notices, Circulars, etc. from the Company electronically with respective Depository Participants.

3. The Board of Directors of the Company has appointed Ms. Ashwini Inamdar, failing her, Ms. Alifya Sapatwala, Partners, Mehta & Mehta, Company Secretaries, as Scrutinizers for conducting the Postal Ballot and remote e-voting process in a fair and transparent manner.

4. Upon completion of the scrutiny of the votes cast through remote e-voting in a fair and transparent manner, the Scrutinizer will submit her report addressed to Mr. Bharat K. Sheth, Chairman and Managing Director of the Company or any officer of the Company authorized by him. The results of the Postal Ballot will be announced on or before Sunday, May 03, 2026 at the Registered Office of the Company. The said results would be displayed at the Registered Office of the Company. The said results would also be intimated to the National Stock Exchange of India Limited and BSE Limited, where the shares of the Company are listed. Additionally, the results will also be uploaded on the Company’s website - www.greatship.com and on website of NSDL at www.evoting.nsdl.com.

5. The scrutinizer’s decision on the validity of a Postal Ballot by way of remote e-voting will be final and binding.

6. The Resolution, if passed by requisite majority will be deemed to be passed on the last date specified by the Company for remote e-voting i.e. Thursday, April 30, 2026.

7. The process to vote electronically on NSDL e-Voting system consists of “Two Steps” which are mentioned below:

Step 1: Access to NSDL e-Voting system

A) Login method for e-Voting for individual shareholders holding securities in demat mode

In terms of SEBI circular dated December 09, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

Login method for Individual shareholders holding securities in demat mode is given below:

Type of shareholders	Login Method
Individual Shareholders holding securities in demat mode with NSDL	1. For OTP based login: - Click on https://eservices.nsdl.com/SecureWeb/evoting/evotinglogin.jsp. - Enter 8-digit DP ID, 8-digit Client Id, PAN No., Verifcation code and generate OTP.

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NOTICE OF POSTAL BALLOT

Type of shareholders

Login Method

- Enter the OTP received on registered email id/mobile number. - Click on login. - After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider i.e. NSDLand you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period. 2. Members already registered for NSDL IDeAS facility: - Visit e-Services website of NSDL viz.https://eservices.nsdl.comeither on a Personal Computer or on a mobile. - Once home page of e-Services is launched, click on the “Benefcial Owner”icon under“Login”which is available under‘IDeAS’section. - A new screen will prompt and you will have to enter your existing User ID and Password. - Post successful authentication, you will be able to see e-Voting services under Value added services. - Click on“Access to e-Voting”under e-Voting services and you will be able to see e-Voting page. - Click on the company name ore-Voting service provider i.e. NSDLand you will be re-directed to e-Voting website of NSDL for casting your vote during the remote e-Voting period. 3. Members who have not registered for IDeAS facility, may follow the below steps: - To register for IDeAS facility, visit the URL athttps://eservices.nsdl.com. - Click on“Register Online for IDeAS Portal”or click athttps://eservices. nsdl.com/SecureWeb/IdeasDirectReg.jsp - On completion of the registration formality, follow steps provided above. 4. Members may alternatively vote through the e-voting website of NSDL in the following manner: - Visit the following URL at e-Voting website of NSDL:https://www.evoting. nsdl.com/either on a Personal Computer or on a mobile. - Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section. - A new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number held with NSDL), Password/OTP and a Verifcation Code as shown on the screen. - Post successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. - Click on Company name ore-Voting service provider i.e. NSDLand you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Votingperiod

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NOTICE OF POSTAL BALLOT

Type of shareholders	Login Method
	5. Shareholders/Members can also download NSDL Mobile App “NSDL Speede” facility by scanning the QR code mentioned below for seamless voting experience.
Individual Shareholders holding securities in demat mode with CDSL	1. Members who have opted for CDSL Easi / Easiest facility may follow below steps: - Visit the following URL:www.cdslindia.com - Click on ‘Login’ and select ‘MyEasi New’ Tab and then use the existing user id and password. - Post successful login the Easi / Easiest user will be able to see the e-Voting option for eligible companies where the e-voting is in progress as per the information provided by the companies. - On clicking the e-voting option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period. - Additionally, there are also links provided to access the system of all e-Voting Service Providers, so that the user can visit the e-Voting service providers’ website directly. 2. Member who have not registered for Easi/Easiest facility, may follow below steps: - To register for Easi/ Easiest facility visit URL atwww.cdslindia.comand click on ‘Login’ and select ‘MyEasi New’ Tab and then click on registration option. - On completion of the registration formality, follow the steps mentioned above. 3. Members may alternatively vote through the e-voting website of CDSL in the manner specifed below: - Visit the following URL:www.cdslindia.com. - Enter the demat account number and PAN. - Enter OTP received on the mobile number and email registered with the demat account for authentication. - Post successful authentication, member will be able to see the e-Voting option where the e-voting is in progress and also be able to directly access the system of all e-VotingService Providers.

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NOTICE OF POSTAL BALLOT

Type of shareholders

Login Method

Individual Shareholders (holding securities in demat mode) login through their depository participants

1. Members may alternatively log-in using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-Voting facility. 2. Once logged in, members will be able to see e-voting option. On clicking the e-voting icon, members will be redirected to NSDL/CDSL website as applicable, on successful authentication, wherein members can see e-Voting feature. 3. Members may then click on the Company name or e-Voting service provider i.e. NSDL and will be redirected to e-Voting website of NSDL for casting your vote duringthe remote e-Voting period.

Individual Shareholders holding securities in demat mode with NSDL/ CDSL who have forgotten the password:

Members who are unable to retrieve User ID/ Password are advised to use Forgot User ID and Forgot Password option available at abovementioned depository/ depository participants’ website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

Login type	Helpdesk details
Individual Shareholders holding securities in demat mode with NSDL	Members facing any technical issue in login can contact NSDL helpdesk bysendinga request atevoting@nsdl.comor call at 022 - 4886 7000
Individual Shareholders holding securities in demat mode with CDSL	Members facing any technical issue in login can contact CDSL helpdesk by sending a request athelpdesk.evoting@cdslindia.comor contact at toll free no. 1800-21-09911

B) Login Method for e-Voting for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

1. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting. nsdl.com/ either on a Personal Computer or on a Mobile.

2. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section.

3. A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen.

4. Alternatively, if you are registered for NSDL e-services i.e. IDeAS, you can log-in at https://eservices.nsdl. com/ with your existing IDeAS login. Once you log in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.

5. Your User ID details are given below:

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Manner of holding shares i.e. Demat Your User ID is:
(NSDL or CDSL) or Physical
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Manner of holding shares i.e. Demat (NSDL or CDSL) or Physical	Your User ID is:
a) For Members who hold shares in demat account with NSDL.	8 Character DP ID followed by 8 Digit Client ID For example if your DP ID is IN300 and Client ID is 12 thenyour user ID is IN30012**
b) For Members who hold shares in demat account with CDSL.	16 Digit Benefciary ID For example if your Benefciary ID is 12** thenyour user ID is 12**

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NOTICE OF POSTAL BALLOT

Manner of holding shares i.e. Demat (NSDL or CDSL) or Physical	Your User ID is:
c) For Members holding shares in Physical Form.	EVEN Number followed by Folio Number registered with the Company For example if folio number is 001 and EVEN is 101456 then user ID is 101456001

1. Password details for shareholders other than Individual shareholders are given below:

2. a) If you are already registered for e-Voting, then you can use your existing password to login and cast your vote.

3. b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the ‘initial password’ which was communicated to you by NSDL. Once you retrieve your ‘initial password’, you need to enter the ‘initial password’ and the system will force you to change your password.

4. c) How to retrieve your ‘initial password’?

   • (i) If your email ID is registered in your demat account or with the Company, your ‘initial password’ is communicated to you on your email ID. Trace the email sent to you from NSDL in your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8-digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your ‘User ID’ and your ‘initial password’.

   • (ii) If your email ID is not registered with the Company / Depository, please follow steps mentioned below in the process for those shareholders whose email IDs are not registered.

5. If you are unable to retrieve or have not received the “Initial password” or have forgotten your password:

6. (a) Click on “ Forgot User Details/Password ”(If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com.

7. (b) “ Physical User Reset Password ” (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.

8. (c) If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.com mentioning your demat account number/folio number, your PAN, your name and your registered address etc.

9. (d) Members can also use the OTP (One Time Password) based login for casting the votes on the e-Voting system of NSDL.

10. After entering your password, tick on Agree to “Terms and Conditions” by selecting on the check box.

11. Now, you will have to click on “Login” button.

12. After you click on the “Login” button, Home page of e-Voting will open.

Step 2: Cast your vote electronically on NSDL e-Voting system.

1. After successful login at Step 1, you will be able to see all the companies “EVEN” in which you are holding shares and whose voting cycle is in active status.

2. Select “EVEN” of the Company for which you wish to cast your vote during the remote e-Voting.

3. Now you are ready for e-Voting as the Voting page opens.

4. Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on “Submit” and also “Confirm” when prompted.

5. Upon confirmation, the message “Vote cast successfully” will be displayed.

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NOTICE OF POSTAL BALLOT

1. You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.

2. Once you confirm your vote on the resolution(s), you will not be allowed to modify your vote.

General Guidelines for shareholders:

1. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/ JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to info@mehta-mehta. com with a copy marked to evoting@nsdl.com. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) can also upload their Board Resolution / Power of Attorney / Authority Letter etc. by clicking on "Upload Board Resolution / Authority Letter" displayed under "e-Voting" tab in their login.

2. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the “Forgot User Details/Password?” or “Physical User Reset Password?” option available on www.evoting.nsdl.com to reset the password.

3. In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call on : 022 - 4886 7000 or send a request to Ms. Pallavi Mhatre, Asst. Vice President, NSDL at evoting@nsdl.com.

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of email ids for e-voting for the resolution(s) set out in this notice:

1. In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) by email to evoting@nsdl.com.

2. In case shares are held in demat mode, please provide DPID-CLID (16-digit DPID + CLID or 16-digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) to evoting@nsdl.com. If you are an Individual shareholder holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A) i.e. Login method for e-Voting for Individual shareholders holding securities in demat mode.

3. Alternatively, shareholders / members may send a request to evoting@nsdl.com for procuring user id and password for remote e-voting by providing above mentioned documents.

4. Members are requested to note the following contact details for addressing e-voting grievances:

Ms. Pallavi Mhatre

Asst. Vice President National Securities Depository Limited 3rd Floor, Naman Chamber, Plot C-32, G-Block, Bandra Kurla Complex, Bandra East, Mumbai - 400 051 Contact No.: 9769990397 Email ID: pallavid@nsdl.com

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EXPLANATORY STATEMENT

(Pursuant to Section 102 of the Companies Act, 2013)

Mrs. Bhavna Doshi was appointed as an Independent Director of the Company for a term of 3 years w.e.f. May 12, 2023, at the Annual General Meeting held on August 03, 2023. Accordingly, her tenure (first term) expires on May 11, 2026.

Section 149 of the Companies Act, 2013 permits an Independent Director to hold office as an Independent Director for two terms of upto five years each. Accordingly, she is eligible for a second term as an Independent Director, subject to approval of Members by way of a special resolution.

Mrs. Bhavna Doshi, founding partner of Bhavna Doshi Associates LLP, a boutique advisory firm, is former Senior Advisor to KPMG, India and former partner of KPMG member firm in India. She is a Chartered Accountant and holds Master’s degree in Commerce from University of Mumbai.

With specialization in the fields of taxation and corporate restructuring, besides having rich experience in the fields of accounting, assurance and consulting, she has been providing advisory services to diversified business groups, national and multi-national, for over 30 years.

The Members are aware that the Company is India’s largest private sector shipping service provider, with its ships operating in geographies across the world. Shipping is a highly regulated sector worldwide. The regulatory as well as financial reporting, taxation and governance landscape continues to evolve with new challenges and regulatory shifts.

Mrs. Bhavna Doshi’s extensive experience in the areas of accounting, taxation, risk management, corporate governance and regulatory matters has been of immense benefit to the Company. Her invaluable inputs have helped strengthen the Company’s governance practices and processes.

Over the course of her association with the Company, Mrs. Bhavna Doshi has gained rich insights into the working of the Company. She has in turn used these insights, and her own experience, to help guide the Company’s strategy. She has, in her own ways, played invaluable role in helping the Company work towards its goal of becoming one of the highly reputed shipping companies worldwide.

Mrs. Bhavna Doshi has been actively contributing to the deliberations at the Board and Committee meetings with independence of judgment, objective insight and constructive guidance. The Company has benefited immensely from the insights provided by Mrs. Bhavna Doshi during her first term, and it is imperative that she continues to be associated with the Company in the capacity of a Board member.

Mrs. Bhavna Doshi has attended all the 5 Board, 4 Audit Committee and 2 Corporate Social Responsibility Committee meetings held during financial year 2025-26.

Mrs. Bhava Doshi has also been very generous with her time beyond her role in the Board and Committee meetings and is always available for her guidance, whenever the Company requires.

Mrs. Bhavna Doshi has been actively involved in the Company’s Corporate Social Responsibility activities including guiding the CSR initiatives and active participation at the annual CSR events.

Mrs. Bhavna Doshi was one of the speakers at an interactive motivational session with women employees of the Company held during the year.

The Nomination and Remuneration Committee, at its meeting held on March 16, 2026 observed that the performance of Mrs. Bhavna Doshi was noteworthy and of immense value to the Company. Considering the same, the Nomination and Remuneration Committee strongly recommended her re-appointment as an Independent Director for a second term w.e.f. May 12, 2026.

Mrs. Bhavna Doshi has been an Independent Director of Greatship (India) Limited, a wholly owned subsidiary of the Company, since October 26, 2020. As a good governance practice, the Company considers total tenure of an Independent Director with the Great Eastern group for the purpose of calculating the maximum permissible tenure of 10 years prescribed under Section 149 of the Companies Act, 2013. Considering the same, the Nomination and Remuneration Committee has recommended her re-appointment till October 25, 2030, i.e. the date of completion of her tenure of 10 years with the Great Eastern group.

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Based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors, at their meeting held on March 16, 2026, considered and recommended the re-appointment of Mrs. Bhavna Doshi as an Independent Director of the Company for a second term from May 12, 2026 to October 25, 2030.

As per the provisions of Section 149(10) of the Companies Act, 2013, an Independent Director shall be re-appointed on passing of a special resolution by the company. The current term of Mrs. Bhavna Doshi is expiring on May 11, 2026. In view of the same, it is proposed to obtain the approval of the shareholders by way of Postal Ballot.

The Company has received a notice in writing from a member under Section 160 of the Act proposing her candidature for the office of Independent Director of the Company.

As per the provisions of Section 149 of the Act, an Independent Director shall not be liable to retire by rotation.

Mrs. Bhavna Doshi is not disqualified from being re-appointed as a Director in terms of Section 164 of the Act and has given her consent to act as a Director. The Company has also received a declaration from her that she meets with the criteria of independence as prescribed both under sub-section (6) of Section 149 of the Act and under Regulation 16(1)(b) of the Listing Regulations.

In the opinion of the Board, Mrs. Bhavna Doshi is independent of the management and fulfils the conditions for re-appointment as an Independent Director as specified in the Act and the Listing Regulations. She also possesses skills and capabilities as required for the role of Independent Director as specified in the Board Skill Matrix approved by the Board.

Brief resume of Mrs. Bhavna Doshi, nature of her expertise in specific functional areas and other details as stipulated under the Listing Regulations is annexed to the Notice. The same may be treated as justification for the re-appointment of Mrs. Bhavna Doshi as an Independent Director.

The Board considers that her continued association would be of immense value to the Company and it is desirable to continue to avail the services of Mrs. Bhavna Doshi as an Independent Director. Her performance has been consistently found good by the Board.

As per the provisions of Regulation 17(1A) of the Listing Regulations, no listed entity shall appoint a person or continue the directorship of any person as a non-executive director who has attained the age of 75 years unless a Special resolution is passed to that effect. Mrs. Bhavna Doshi will attain the age of 75 years (on June 26, 2028) during her next term. Therefore, it is proposed to pass a Special Resolution as set out in the Notice to enable her to continue her directorship for the term of her re-appointment.

Your Directors commend the resolution for re-appointment of Mrs. Bhavna Doshi for your approval by way of Postal Ballot.

Copy of the draft letter for re-appointment of Mrs. Bhavna Doshi as an Independent Director, setting out the terms and conditions, is available for inspection by Members at Registered Office of the Company and on the website of the Company: www.greatship.com.

Mrs. Bhavna Doshi is interested, financially or otherwise, in the resolution as set out in the Notice with regard to her reappointment. Her relatives may also be deemed to be interested in the resolution as set out in the Notice, to the extent of their shareholding interest, if any, in the Company.

Save and except the above, none of the other Directors or Key Managerial Personnel of the Company or their relatives are, in any way, financially or otherwise, concerned or interested in the aforesaid resolution.

By Order of the Board For The Great Eastern Shipping Company Limited

Anand Punde

Mumbai, March 16, 2026

Company Secretary

Registered Office:

Ocean House, 134/A, Dr. Annie Besant Road, Worli, Mumbai 400 018 Tel: 022 6661 3000 / 2492 2100 Fax: 022 2492 5900 Email: shares@greatship.com Web: www.greatship.com CIN: L35110MH1948PLC006472

10 | THE GREAT EASTERN SHIPPING CO. LTD.

NOTICE OF POSTAL BALLOT

ANNEXURE TO NOTICE

INFORMATION REQUIRED AS PER REGULATION 36(3) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 AND SECRETARIAL STANDARDS IN RESPECT OF DIRECTOR BEING RE-APPOINTED.

Mrs. Bhavna Doshi (age: 72 years) founding partner of Bhavna Doshi Associates LLP, a boutique advisory firm, is former Senior Advisor to KPMG, India and former partner of KPMG member firm in India. With specialization in the fields of taxation and corporate restructuring, besides having rich experience in the fields of accounting, assurance, consulting, she has been providing advisory services to diversified business groups, national and multi-national, for over 30 years. She is a Chartered Accountant and holds Master’s degree in Commerce from University of Mumbai.

She has served as elected member of the Institute of Chartered Accountants of India (ICAI), the regulatory and developmental body of the accountancy profession in India, and has served on its various committees including as Chair of Accounting Standards Board (which was tasked with setting accounting standards), Research, Vision 2021 and others. She has served as a member of the Government Accounting Standards Advisory Board set up by the Comptroller and Auditor General of India. She was a Member of Compliance Committee of International Federation of Accountants, headquartered in New York.

She was President of the Indian Merchants’ Chamber, a leading business chamber headquartered in Mumbai and is actively associated with its activities. She, during her Presidentship, established “IMC Inclusive Innovation Awards” to recognize work of the grass root innovators which meet the criteria of “affordable excellence”. She has served as a member of the Managing Committee of Assocham and of CII Corporate Governance Council.

She is a regular faculty at programs organized by professional institutes and business chambers and also delivers lectures abroad. She is a member of Board of Studies, Commerce of Narsee Monjee College of Commerce and Economics (Autonomous), Mumbai.

Mrs. Bhavna Doshi is the Chairperson of Corporate Social Responsibility Committee and a member of the Audit Committee of the Company.

Mrs. Bhavna Doshi is also on the Board of Directors of following companies:

• Nuvoco Vistas Corporation Limited (listed)

• IndusInd Bank Limited (listed)

• KPIT Technologies Limited (listed)

• Alkyl Amines Chemical Ltd. (listed)

• Greatship (India) Limited (unlisted)

• ICAI Accounting Research Foundation (Section 8 Company)

• Connect Capital Private Limited

Mrs. Bhavna Doshi is the Chairperson/Member of the following committees:

NAME OF THE COMPANY	NAME OF THE COMMITTEE	MEMBER/CHAIRPERSON
Nuvoco Vistas Corporation Limited	Audit Committee	Chairperson
	Nomination and Remuneration Committee	Chairperson
	Risk Management Committee	Member
	Corporate Social ResponsibilityCommittee	Chairperson
IndusInd Bank Limited	Audit Committee	Chairperson
	Finance Committee	Member
	Risk Management Committee	Member
	Special Committee of the Board (for Monitoring of Large Value Frauds)	Member
	Stakeholders’ RelationshipCommittee	Member

THE GREAT EASTERN SHIPPING CO. LTD. | 11

NOTICE OF POSTAL BALLOT

NAME OF THE COMPANY	NAME OF THE COMMITTEE	MEMBER/CHAIRPERSON
KPIT Technologies Limited	Audit Committee	Chairperson
	Enterprise Risk Management Committee	Member
Greatship (India) Limited	Audit Committee	Member
	Nomination and Remuneration Committee	Member
Alkyl Amines Chemical Limited	Audit Committee	Member

Mrs. Bhavna Doshi has ceased to be a director upon completion of term from the following listed entities in the past three years:

years:
Sr. No.	Name of the Company	Date of Cessation
1.	Sun Pharma Advanced Research CompanyLimited	August 12, 2025
2.	Everest Industries Limited	March 31, 2024

Mrs. Bhavna Doshi was paid a total remuneration of Rs. 27.30 lakhs for the financial year 2024-25, which includes sitting fees of Rs. 8 lakhs for attending meetings of the Board of Directors and Committees thereof and commission of Rs. 19.30 lakhs.

Mrs. Bhavna Doshi was paid sitting fees of Rs. 9 lakhs for the financial year 2025-26 for attending meetings of the Board of Directors and Committees thereof. She is also eligible for payment of commission for the financial year 2025-26 as per the Remuneration Policy for the Directors, Key Managerial Personnel and other Employees of the Company.

As on date, Mrs. Bhavna Doshi’s husband, Mr. Gautam Doshi holds 1,192 equity shares in the Company and she is the second holder.

Details of meetings attended by Mrs. Bhavna Doshi during FY 2025-26 are as follows:

Sr. No.	Type of meeting	No. of meetings held	No. of meetings attended	Attendance (%)
1.	Board	5	5	100
2.	Audit Committee	4	4	100
3.	Corporate Social ResponsibilityCommittee	2	2	100

12 | THE GREAT EASTERN SHIPPING CO. LTD.

NOTICE OF POSTAL BALLOT