The Great Eastern Shipping Company logo

The Great Eastern Shipping Company MD, chairman, board of directors and AGM

NSE: GESHIPBSE: 500620Transport ServicesSmall Cap

Last close ₹1,496.60down ₹22.00 (1.45%)BSE ₹1,497.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,518.60.

52-week range of traded prices to 23 Oct 2026
₹1,002.55Low, 24 Oct 2025₹1,798.00High, 19 May 2026
Market cap
₹21,367 Cr345th largest listed
P/E
5.7
P/B
1.3
Dividend yield
2.83%
ROE
24.0%
ROCE
16.2%
Debt to equity
0.06
Volume, NSE
6,19,66352.8% delivered

The Great Eastern Shipping Company board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorBharat Kanaiyalal ShethRelated to the promoter
  • Company SecretaryAnand Punde

12 directors9 independent2 executive1 non-executive

  • Bharat Kanaiyalal Sheth · Chairperson and managing directorExecutive · joined Jul 1989 · reappointed Apr 2026 · 2 listed boards · 1 as independent · 1 committee seat
  • Ravi K ShethNon-executive · joined Jan 2006 · reappointed Jan 2006 · 1 listed board
  • Shivakumar GomathinayagamExecutive · joined Nov 2014 · reappointed Nov 2025 · 1 listed board · 1 committee seat
  • Ranjit Vasant PanditIndependent · joined Jun 2019 · reappointed Jun 2024 · 85 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • Raju ShuklaIndependent · joined Jun 2019 · reappointed Jun 2024 · 85 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Thoppil Ninan NinanIndependent · joined May 2022 · reappointed May 2025 · 50 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Uday ShankarIndependent · joined May 2022 · reappointed May 2025 · 50 months as independent · 2 listed boards · 2 as independent
  • Bhavna Gautam DoshiIndependent · joined May 2023 · reappointed May 2026 · 38 months as independent · 5 listed boards · 5 as independent · 6 committee seats, 2 as chair
  • Keki M MistryIndependent · joined Aug 2023 · reappointed Aug 2023 · 35 months as independent · 4 listed boards · 2 as independent · 6 committee seats, 4 as chair
  • Kalpana Jaisingh MorpariaIndependent · joined Nov 2024 · reappointed Nov 2024 · 19 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Amitabh KumarIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 1 listed board · 1 as independent
  • Shiv Shankar MenonIndependent · joined May 2022 · reappointed Aug 2025 · 47 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • Berjis Minoo Desai, left 24 Apr 2026: Others
  • Kanaiyalal Maneklal Sheth, left 9 Nov 2025: Others
  • Shankar Nath Acharya, left 5 Feb 2025: Tenure Completion
  • Rita Bhagwati, left 14 Nov 2024: Tenure Completion
  • Tapas Icot, left 2 Nov 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 May 202612 of 12 present9 independent · 58 days in between
    • 16 Mar 202612 of 13 present9 independent · 45 days in between
    • 29 Jan 202612 of 13 present9 independent

  • Audit Committee

    Chair Keki M Mistry

    Bhavna Gautam Doshi, Raju Shukla, Thoppil Ninan Ninan

    • 13 May 20264 of 4 present4 independent · 103 days in between
    • 29 Jan 20264 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Raju Shukla

    Keki M Mistry, Ranjit Vasant Pandit, Kalpana Jaisingh Morparia

    • 14 May 20264 of 4 present4 independent
    • 16 Mar 20265 of 5 present4 independent · 45 days in between
    • 29 Jan 20264 of 5 present4 independent

  • Stakeholders Relationship Committee

    Chair Kalpana Jaisingh Morparia

    Bharat Kanaiyalal Sheth, Shivakumar Gomathinayagam

    • 13 May 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Bharat Kanaiyalal Sheth

    Shivakumar Gomathinayagam, Thoppil Ninan Ninan, Uday Shankar, Kalpana Jaisingh Morparia, Amitabh Kumar, Shiv Shankar Menon

    • 13 May 20267 of 7 present5 independent · 103 days in between
    • 29 Jan 20267 of 7 present5 independent

  • Corporate Social Responsibility Committee

    Chair Bhavna Gautam Doshi

    Bharat Kanaiyalal Sheth, Raju Shukla

    • 13 May 20262 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

The Great Eastern Shipping Company AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.The Great Eastern Shipping Company dividend history

Annual general meeting, 4 Aug 2026

1,74,613 shareholders on the register on 28 Jul 2026; present: 7 promoters and 58 others; votes counted by Atul Mehta / Mehta & Mehta, Company Secretaries.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026 together with the Auditors’ and Board’s Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 70.04% · promoters 100.00% · institutions 82.96% · other public 14.09%

  2. Re-appointment of Mr. G. Shivakumar as a Director retiring by rotation.
    Ordinary
    98.82% for1.18% against

    Against: promoters 0.00% · institutions 2.23% · other public 0.06%

    Turnout: all 71.75% · promoters 100.00% · institutions 86.86% · other public 14.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Apr 2026, 1 resolution

1,61,585 shareholders on the register on 25 Mar 2026; votes counted by Alifya Sapatwala / Mehta & Mehta Company Secretaries.The company's voting result (opens in a new tab)

  1. 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.
    Special
    90.37% for9.63% against

    Against: promoters 0.00% · institutions 17.97% · other public 0.06%

    Turnout: all 74.01% · promoters 100.00% · institutions 91.15% · other public 16.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 1 Aug 2025, 8 resolutions

2,08,712 shareholders on the register on 25 Jul 2025; present: 8 promoters and 65 others; votes counted by Atul Mehta / Mehta & Mehta Company Secretaries.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2025 together with the Auditors’ and Board’s Report thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.10%

    Turnout: all 71.23% · promoters 99.98% · institutions 90.93% · other public 17.16%

  2. Re-appointment of Mr. Ravi K. Sheth as a Director retiring by rotation.
    OrdinaryPromoters have an interest in it
    98.36% for1.64% against

    Against: promoters 0.00% · institutions 3.22% · other public 0.11%

    Turnout: all 71.56% · promoters 99.98% · institutions 91.78% · other public 17.16%

  3. Re-appointment of Mr. Shivshankar Menon as an Independent Director of the Company for a second term of 5 years with effect from August 02, 2025
    Special
    94.67% for5.33% against

    Against: promoters 0.00% · institutions 10.34% · other public 0.18%

    Turnout: all 72.64% · promoters 99.98% · institutions 94.49% · other public 17.16%

  4. Re-appointment of Mr. Bharat K. Sheth as Managing Director of the Company for a period of 5 years with effect from April 01, 2026.
    SpecialPromoters have an interest in it
    99.54% for0.46% against

    Against: promoters 0.00% · institutions 0.78% · other public 0.79%

    Turnout: all 72.64% · promoters 99.98% · institutions 94.49% · other public 17.16%

  5. Re-appointment of Mr. G. Shivakumar as Executive Director of the Company for a period of 5 years with effect from November 14, 2025.
    Ordinary
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 0.72% · other public 0.13%

    Turnout: all 72.64% · promoters 99.98% · institutions 94.49% · other public 17.16%

  6. Alteration of Article 92(1) of the Articles of Association of the Company
    Special
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 0.82% · other public 0.14%

    Turnout: all 72.64% · promoters 99.98% · institutions 94.49% · other public 17.17%

  7. Appointment of M/s. Mehta & Mehta, Companies Secretaries as Secretarial Auditors of the Company for a term of 5 financial years with effect from April 01, 2025.
    Ordinary
    99.57% for0.43% against

    Against: promoters 0.00% · institutions 0.82% · other public 0.11%

    Turnout: all 72.61% · promoters 99.98% · institutions 94.43% · other public 17.16%

  8. According consent to Ms. Nirja Sheth to hold and continue to hold office or place of profit in the Company for a term of 5 financial years with effect from April 01, 2025
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 72.56% · promoters 99.73% · institutions 94.49% · other public 17.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Mar 2025, 4 resolutions

2,06,277 shareholders on the register on 18 Feb 2025; votes counted by Alifya Sapatwala / Mehta & Mehta Company Secretaries.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Amitabh Kumar as an Independent Director of the Company for a term of five years with effect from January 28, 2025.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.12% · other public 0.12%

    Turnout: all 68.25% · promoters 99.98% · institutions 87.11% · other public 11.28%

  2. Re-appointment of Mr. Shivshankar Menon as an Independent Director of the Company for a second term of five years with effect from May 06, 2025.
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is given
    70.87% for29.13% against

    Against: promoters 0.00% · institutions 57.11% · other public 0.13%

    Turnout: all 68.26% · promoters 99.98% · institutions 87.11% · other public 11.29%

  3. Re-appointment of Mr. T. N. Ninan as an Independent Director of the Company for a second term of five years with effect from May 06, 2025.
    Special
    98.25% for1.75% against

    Against: promoters 0.00% · institutions 3.42% · other public 0.13%

    Turnout: all 68.26% · promoters 99.98% · institutions 87.11% · other public 11.29%

  4. Re-appointment of Mr. Uday Shankar as an Independent Director of the Company for a second term of five years with effect from May 06, 2025.
    Special
    88.44% for11.56% against

    Against: promoters 0.00% · institutions 22.66% · other public 0.14%

    Turnout: all 68.26% · promoters 99.98% · institutions 87.11% · other public 11.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 1 Aug 2024, 5 resolutions

Present: 9 promoters and 43 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2024 together with the Auditors’ and Board’s Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 67.05% · promoters 98.64% · institutions 85.69% · other public 11.14%

  2. Re-appointment of Mr. K. M. Sheth as a Director retiring by rotation.
    SpecialPromoters have an interest in it
    97.19% for2.81% against

    Against: promoters 0.00% · institutions 5.43% · other public 0.02%

    Turnout: all 68.60% · promoters 98.64% · institutions 89.60% · other public 11.14%

  3. Appointment of Ms. Kalpana Morparia as Independent Director of the Company.
    Special
    98.07% for1.93% against

    Against: promoters 0.00% · institutions 3.73% · other public 0.02%

    Turnout: all 68.60% · promoters 98.64% · institutions 89.60% · other public 11.14%

  4. Approval for continuation of Mr. Bharat K. Sheth as a Director of the Company not liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    97.96% for2.04% against

    Against: promoters 0.00% · institutions 3.94% · other public 0.02%

    Turnout: all 68.60% · promoters 98.64% · institutions 89.60% · other public 11.14%

  5. Approval for continuation of Mr. Ravi K. Sheth as a Director of the Company not liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    98.52% for1.48% against

    Against: promoters 0.00% · institutions 2.86% · other public 0.02%

    Turnout: all 68.60% · promoters 98.64% · institutions 89.60% · other public 11.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 May 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Raju Shukla as an Independent Director of the Company for a second term of three years with effect from June 01, 2024.
    Special
    98.25% for1.75% against

    Against: promoters 0.00% · institutions 3.19% · other public 0.07%

    Turnout: all 73.87% · promoters 98.97% · institutions 91.65% · other public 14.53%

  2. Re-appointment of Mr. Ranjit Pandit as an Independent Director of the Company for a second term of three years with effect from June 01, 2024.
    Special
    94.10% for5.90% against

    Against: promoters 0.00% · institutions 10.79% · other public 0.06%

    Turnout: all 73.87% · promoters 98.97% · institutions 91.65% · other public 14.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Sep 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Keki Mistry as an Independent Director of the Company for a term of five years with effect from August 09, 2023.
    Special
    97.64% for2.36% against

    Against: promoters 0.00% · institutions 4.40% · other public 0.06%

    Turnout: all 73.08% · promoters 98.71% · institutions 91.62% · other public 15.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 3 Aug 2023, 5 resolutions

Present: 8 promoters and 56 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2023 together with the Auditors’ and Board’s Report thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.22% · promoters 99.01% · institutions 87.93% · other public 14.99%

  2. Re-appointment of Mr. Berjis Desai as a Director retiring by rotation.
    Ordinary
    84.42% for15.58% against

    Against: promoters 0.00% · institutions 29.08% · other public 0.04%

    Turnout: all 73.01% · promoters 99.01% · institutions 92.14% · other public 14.99%

  3. Appointment of Mrs. Bhavna Doshi as Independent Director of the Company.
    Special
    96.02% for3.98% against

    Against: promoters 0.00% · institutions 7.42% · other public 0.04%

    Turnout: all 73.01% · promoters 99.01% · institutions 92.14% · other public 14.99%

  4. Alteration of Articles of Association of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 73.01% · promoters 99.01% · institutions 92.14% · other public 14.99%

  5. According consent to Mr. Rahul Sheth to hold and continue to hold office or place of profit in the Company as per revised terms of remuneration.
    OrdinaryPromoters have an interest in it
    88.85% for11.15% against

    Against: promoters 0.00% · institutions 20.79% · other public 0.04%

    Turnout: all 72.93% · promoters 98.76% · institutions 92.14% · other public 14.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 4 Aug 2026, 11 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026 together with the Auditors’ and Board’s Report thereon.
    11 for0 against
  • Re-appointment of Mr. G. Shivakumar as a Director retiring by rotation.
    11 for0 against

Mutual fund votes, meeting of 30 Apr 2026, 24 fund houses

  • 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.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Director has failed in her fiduciary duty towards minority shareholders in safeguarding their interest in matter pertaining to governance lapses in another entity.
    • Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundCompliant with law. Governance concern: Director has failed in her fiduciary duty towards minority shareholders in safeguarding their interest in matter pertaining to governance lapses in another entity i.e. discrepancies in derivative accounting.
    • ICICI Prudential Mutual FundThe AMC had voted against the resolution due to lack of comfort in stewardship in one of her previous assignments
    17 for7 against
6 earlier meetings

Mutual fund votes, meeting of 1 Aug 2025, 20 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2025 together with the Auditors’ and Board’s Report thereon.
    20 for0 against
  • Re-appointment of Mr. Ravi K. Sheth as a Director retiring by rotation.
    20 for0 against
  • Re-appointment of Mr. Shivshankar Menon as an Independent Director of the Company for a second term of 5 years with effect from August 02, 2025
    20 for0 against
  • Re-appointment of Mr. Bharat K. Sheth as Managing Director of the Company for a period of 5 years with effect from April 01, 2026.
    19 for0 against
  • Re-appointment of Mr. G. Shivakumar as Executive Director of the Company for a period of 5 years with effect from November 14, 2025.
    20 for0 against
  • Alteration of Article 92(1) of the Articles of Association of the Company
    20 for0 against
  • Appointment of M/s. Mehta & Mehta, Companies Secretaries as Secretarial Auditors of the Company for a term of 5 financial years with effect from April 01, 2025.
    20 for0 against
  • According consent to Ms. Nirja Sheth to hold and continue to hold office or place of profit in the Company for a term of 5 financial years with effect from April 01, 2025
    5 for0 against
2 proposals not matched to one resolution
  • Re-appointment of Mr. Bharat K. Sheth (DIN: 00022102) as Managing Director of the Company for a period of 5 years with effect from April 01, 2026 and including remuneration.
    1 for0 against
  • To Ms. Nirja Sheth, daughter of Mr. Bharat K. Sheth, Deputy Chairman and Managing Director of the Company, to hold and continue to hold office or place of profit in the Company for a term of 5 financial years with effect from April 01, 2025.MoreLess
    15 for0 against

Mutual fund votes, meeting of 26 Mar 2025, 16 fund houses

  • Appointment of Mr. Amitabh Kumar as an Independent Director of the Company for a term of five years with effect from January 28, 2025.
    16 for0 against
  • Re-appointment of Mr. Shivshankar Menon as an Independent Director of the Company for a second term of five years with effect from May 06, 2025.
    16 for0 against
  • Re-appointment of Mr. T. N. Ninan as an Independent Director of the Company for a second term of five years with effect from May 06, 2025.
    16 for0 against
  • Re-appointment of Mr. Uday Shankar as an Independent Director of the Company for a second term of five years with effect from May 06, 2025.
    Against Axis Mutual Fund, Mahindra Manulife Mutual Fund, SBI Mutual Fund, UTI Mutual Fund
    • Axis Mutual Fund, Mahindra Manulife Mutual Fund, SBI Mutual Fund, UTI Mutual FundUday Shankar, 63, is the founder and Director of Bodhi Tree Systems. He has served as President of The Walt Disney Company Asia Pacific and Chairperson of Disney & Star India. He has also served as President of the Federation of Indian Chambers of Commerce and Industry (FICCI). He is serving on the board as an Independent Director since 6 May 2022. He has attended five out of seven (71%) board meetings held in FY24 and two out of four (50%) meetings held till the date of the meeting notice in FY25. We expect directors to attend all board meetings, and at the very least 75% board meetings in a year. Given his low attendance, we do not support the resolution.
    12 for4 against

Mutual fund votes, meeting of 1 Aug 2024, 16 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2024 together with the Auditors’ and Board’s Report thereon.
    16 for0 against
  • Re-appointment of Mr. K. M. Sheth as a Director retiring by rotation.
    Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with law. Governance Concern: Chairman of the Board related to Managing Director of the Company.
    11 for5 against
  • Appointment of Ms. Kalpana Morparia as Independent Director of the Company.
    16 for0 against
  • Approval for continuation of Mr. Bharat K. Sheth as a Director of the Company not liable to retire by rotation.
    Against Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bajaj Finserv Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual FundCompliant with Law. Governance Concern: Remuneration is excessive and skewed in favour of Promoter Director.
    11 for5 against
  • Approval for continuation of Mr. Ravi K. Sheth as a Director of the Company not liable to retire by rotation.
    16 for0 against

Mutual fund votes, meeting of 3 May 2024, 13 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Re-appointment of Mr. Raju Shukla as an Independent Director of the Company for a second term of three years with effect from June 01, 2024.
    12 for0 against
  • Re-appointment of Mr. Ranjit Pandit as an Independent Director of the Company for a second term of three years with effect from June 01, 2024.
    Against Axis Mutual Fund
    • Axis Mutual FundRanjit Pandit, 70, served as the Managing Director of General Atlantic LLC between September 2007 to December 2012 and headed the India Office. He also served as Advisory Director of General Atlantic LLC in 2013. He is also the Former MD and Chairperson of McKinsey & Company in India. He joined McKinsey and Company in 1980 and he is the Co-founder of McKinsey's operations in India. He is currently an investor and philanthropist. He has attended four out of seven (57%) board meetings held in FY24 and thirteen out of eighteen (72%) board meetings held in the last three years. We expect directors to take their responsibilities seriously and attend all board meetings, and at the very least 75% board meetings over a three-year period.
    11 for1 against
1 proposal not matched to one resolution
  • 1. Reappointment of Mr. Raju Shukla as Independent Director for a term of 3 years w.e.f. June 01, 2024 2. Reappointment of Mr. Ranjit Pandit as Independent Director for a term of 3 years w.e.f. June 01, 2024MoreLess
    1 for0 against

Mutual fund votes, meeting of 20 Sep 2023, 7 fund houses

  • Appointment of Mr. Keki Mistry as an Independent Director of the Company for a term of five years with effect from August 09, 2023.
    7 for0 against

Mutual fund votes, meeting of 3 Aug 2023, 8 fund houses

  • Adoption of Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2023 together with the Auditors’ and Board’s Report thereon.
    8 for0 against
  • Re-appointment of Mr. Berjis Desai as a Director retiring by rotation.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Excessive Time Commitments.
    • Nippon India Mutual FundHigh number of Directorships
    6 for2 against
  • Appointment of Mrs. Bhavna Doshi as Independent Director of the Company.
    Against Motilal Oswal Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund
    • Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Excessive Time Commitments
    • Nippon India Mutual FundHigh number of Directorships
    • SBI Mutual FundMs. Bhavna Doshi, 70, is the Founding Partner of Bhavna Doshi & Associates LLP and former partner of KPMG in India. She has over 30 years of experience in taxation and corporate restructuring and is also on the board of Greatship (India) Limited, a wholly owned subsidiary from October 2020, Given their full-time responsibilities, regulations allow whole-time directors of listed companies to be independent directors in a maximum of three listed companies. We believe that her responsibilities as Partner in her own firm are equivalent to a full-time role. Therefore, while compliant with statutory requirements, we believe her high number of directorships on listed companies are not in keeping with the spirit of the regulation. Hence, we do not support the resolution.
    5 for3 against
  • Alteration of Articles of Association of the Company.
    8 for0 against
  • According consent to Mr. Rahul Sheth to hold and continue to hold office or place of profit in the Company as per revised terms of remuneration.
    8 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyEmployees Provident Fund OrganisationSince 13 Apr 2026

    No order passed. The penal interest u/s 7Q and damages u/s 14 B of the E.P.F.& M.P.Act-1952 gets automatically generated on EPFO Employer portal while processing the payment of dues.

    Payment of dues to EPFO which are in arrears under the E.P.F. Scheme for the month of February 2026 on non-payment of Provident Fund contribution for 3 floating staff employees who joined in Febraury 2026.MoreLess
  • Fine or penaltyEmployees Provident Fund OrganisationSince 25 Jun 2026

    No order passed. The penal interest u/s 7Q and damages u/s 14 B of the E.P.F.& M.P.Act-1952 gets automatically generated on EPFO Employer portal while processing the payment of dues.

    Payment of Dues under the E.P.S. Scheme for the period April 2022 to July 2025 delayed due to mismatch of Aadhar Card details in KYC document provided by floating staff employee.
  • Fine or penaltyEmployees Provident Fund OrganisationSince 8 May 2026

    No order passed. The penal interest u/s 7Q and damages u/s 14 B of the E.P.F.& M.P.Act-1952 gets automatically generated on EPFO Employer portal while processing the payment of dues.

    Payment of dues which are in arrears under the E.P.S. Scheme for the month of February 2026 and March 2026 due to non-creation of UAN for 1 floating staff employee.
  • Fine or penaltyEmployees Provident Fund OrganisationSince 12 Jun 2026

    No order passed. The penal interest u/s 7Q and damages u/s 14 B of the E.P.F.& M.P.Act-1952 gets automatically generated on EPFO Employer portal while processing the payment of dues.

    Payment of dues to EPFO which are in arrears under the E.P.S. Scheme for the month of April 2026 on non-payment of Provident Fund contribution for 1 floating staff employee who joined in April 2026 .
  • Tax disputeCustoms, Excise and Service Tax Tribunal, MumbaiSince 30 Sep 2018
    No change in the status since the last disclosure
    At the filing before: Service tax demanded on reverse charge basis in respect of Bareboat Charter payment for jack up rigs by Greatship (India) Limited to Greatship Global Energy Service Pte. Ltd., Singapore (wholly owned subsidiary) considering the same as service of Supply of Tangible Goods for Use. Period – October 2015 to June 2017 Amount – Rs. 114.25 Crs Pre-deposit – Rs. 8.57 CrsMoreLess
  • Tax disputeDeputy Commissioner (Appeals), MVATSince 20 Mar 2020
    No change in the status since the last disclosure
    At the filing before: VAT demanded on time charter of vessels and drilling services rendered by rigs considering the same as deemed sale (transfer of right to use goods). Period – FY 2015-16 Amount – Rs. 81.28 Crs Pre-deposit – Rs. 8.13 CrsMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 2 complaints open, quarter to Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.