The company said the maximum buyback size represents 7.19% and 6.34% of the aggregate of its fully paid-up equity share capital and free reserves based on the latest audited standalone and consolidated financial statements as on 31 March 2026, respectively.

The company will utilise at least 75% of the maximum buyback size, or Rs 675 crore, for the buyback. Based on the minimum buyback size and the maximum buyback price, the company will purchase an indicative minimum of 44,11,764 equity shares.

As of 30 June 2026, the promoters held a 30.07% stake in the company. The post-buyback shareholding will depend on the actual number of shares repurchased. Based on the indicative maximum buyback, the promoters’ shareholding is expected to increase to approximately 31.37%.

Great Eastern Shipping Company (GE Shipping), along with its subsidiaries is a major player in the Indian shipping and oil drilling services industry.

The company posted a consolidated net profit of Rs 1,308.84 crore in Q1 FY27, registering a 159.43% year-on-year (YoY) increase from the corresponding quarter last year. Revenue from operations surged 66.91% YoY to Rs 2,005.36 crore.