NSEPress Release23 Oct 2026 · 23 Oct 2026, 09:20 pm

Press Release

The Great Eastern Shipping Company Limited · GESHIP

✦ AI Summary▲ PositiveExpansion

The Great Eastern Shipping Company Limited has contracted to buy a secondhand Very Large Gas Carrier of about 82,000 cbm, expected to join the Company’s fleet in Q3 FY27. The proposed vessel will be financed entirely from internal accruals for the expansion of the fleet.

Analysis Scores

Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

The Great Eastern Shipping Company Limited has informed the Exchange regarding a press release dated October 23, 2026, titled "GE Shipping contracts to buy a secondhand Very Large Gas Carrier".

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GESHIP_23102026211611_prtobefiled.pdf

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Our Ref.: S/2026/SECL October 23, 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 BSE Scrip code: 500620 Trading Symbol - GESHIP Dear Sir, We wish to inform you that the Company has contracted to buy a secondhand Very Large Gas Carrier of about 82,000 cbm on October 23, 2026. The 2015 built vessel is expected to join the Company’s fleet in Q3 FY27. A Press Release to be issued in this connection is enclosed. You are requested to take note of the above. Thanking You, Yours faithfully, For The Great Eastern Shipping Company Limited Anand Punde Company Secretary Email ID: anand_punde@greatship.com www.greatship.com PRESS RELEASE GE Shipping contracts to buy a secondhand Very Large Gas Carrier The Great Eastern Shipping Company Limited (GE Shipping) has contracted to buy a secondhand Very Large Gas Carrier of about 82,000 cbm on October 23, 2026. The 2015 built vessel is expected to join the Company’s fleet in Q3 FY27. The proposed vessel will be financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet. The company’s current owned fleet stands at 40 vessels, comprising 25 Tankers (5 Crude Tankers, 16 Product Tankers, 4 LPG Carriers) and 15 Dry Bulk Carriers (2 Capesize, 10 Kamsarmax, 1 Ultramax, 2 Supramax) aggregating 3.24 mn dwt. The Company’s current capacity utilization is close to 100%. In addition, the Company has contracted to purchase two secondhand Kamsarmax dry bulk carriers. These transactions are expected to be completed in Q3 FY27. Furthermore, the Company has entered into a contract for the acquisition of a new-building Suezmax tanker, which is scheduled for delivery in the second half of FY 2028-29. Place: MUMBAI Date: October 23, 2026 -----------------------------------------visit us at www.greatship.com--------------------------------------- For further details, please email us at: corp_comm@greatship.com www.greatship.com