The Ordinary Resolution under Section 293(1)(d)
of the Companies Act, 1956 authorising the
Board of Directors to borrow upto Rs.5,000
crore has been approved by the Members of
the Company with requisite majority by means
of a Postal Ballot.
Great Eastern Shipping Company Ltd (GE
Shipping) has informed BSE that the shareholders
at the Annual General Meeting (AGM) of the
Company held on July 26, 2007, have approved
of alteration of Article no. 117A of the
Articles of Association by deleting the
words 'Mr. S J Mulji' and inserting the
words 'Mr. Bharat K Sheth and Mr. Ravi K
Sheth'. The said alteration was subject
to the approval of the Central Government.
The Company has now received the approval
of the Central Government for the same.
November
7, 2007
Notice
of Postal Ballot
The Company has informed BSE that the members
of the Company, will consider to approve,
by way of Postal Ballot, the ordinary resolution
to borrow from time to time, any sum or
sums of money for the purposes of the Company
upon such terms and conditions and with
or without security as the Board of Directors
may, in its discretion, think fit, notwithstanding
that the money or monies to be so borrowed
by the Company (apart from the temporary
loans obtained or to be obtained from time
to time from the Company's bankers in the
ordinary course of business) together with
the sums already borrowed may exceed the
aggregate of the paid up capital of the
Company and its free reserves that is to
say, reserves not set apart for any specific
purpose, provided however, that the sums
so borrowed and remaining outstanding on
account of principal shall not, at any time
exceed Rs 5,000 crores (Rupees Five Thousand
Crores only), subject to necessary provisions
& approvals.
The Board of Directors of the Company at
its meeting held on October 19, 2007, has
appointed Dr. K R Chandratre, Practising
Company Secretary as Scrutinizer for conducting
Postal Ballot process in a fair & transparent
manner.
The Postal Ballot form duly completed should
reach the Scrutinizer on or before December
07, 2007. The Scrutinizer will submit his
report to Mr. K M Sheth, Executive Chairman
after completion of the scrutiny and the
results of the Postal Ballot will be announced
on December 12, 2007.
October
11, 2007
The
Board of Directors of the Company have fixed
October 26, 2007 as Record Date for the purpose
of ascertaining the shareholders eligible
for receiving the interim dividend.
The
Board of Directors of the Company to meet
on Friday, October 19, 2007 to consider Unaudited
Financial Results (Provisional) for the quarter
ended September 30, 2007.
Subsequent to shareholders' approval at
the Company's Annual General Meeting held
on July 26, 2007, the Company on August
09, 2007, has allotted 50,05,000 Warrants
on preferential basis to the Promoters and
Non Executive Directors of the Company.
Each Warrant shall be convertible into
one Equity Share of the face value of Rs.10/-
each of the Company at the option of the
Warrant holder, at anytime prior to the
expiry of 18 months from the date of allotment
of the Warrant, the conversion price of
the Equity share being Rs.312.75 per Share.
The Company has received Rs.32 per Warrant
as per the terms of the issue.
August
1, 2007
The
members at the 59th Annual General Meeting
(AGM) of the Company held on July 26, 2007,
inter alia, have transacted the following
business as set out in the notice convening
the Annual General Meeting:
1. Adopted the Audited balance Sheet as
at March 31, 2007 and the Profit & Loss
Account for the year on that date together
with Auditors' and Directors' Report thereon.
2. Declared final dividend @ Rs 4.50/-
per Equity Share for the year ended March
31, 2007.
3. Reappointed Mr. Vineet Nayyar and Mr.
R N Sethna as Directors of the Company.
4. Reappointed Messers Kalyaniwalla Mistry,
Chartered Accountants as Auditors of the
Company.
5. Reappointed Mr. Bharat K Sheth as a
Director not liable to retire by rotation,
approved that Mr. Ravi K Sheth, Director,
shall not be liable to retire by rotation
and also approved alteration of Article
No. 117A.
6. Approved preferential issue of 50,05,000
Warrants convertible into Equity Shares
to Promoters and Non Executive Directors
of the Company.
July
23, 2007
A
meeting of the Board of Directors of the Company
shall be held on Monday, July 30, 2007 (instead
of July 26, 2007 as informed earlier), to
consider, inter-alia, Unaudited Financial
Results (Provisional) for the first quarter
ended June 30, 2007.
July
11,2007
Meeting
of the Board of Directors of the Company is
scheduled to be held on Thursday, July 26,
2007, to consider, inter-alia, Unaudited Financial
Results (Provisional) for the first quarter
ended June 30, 2007.
June
26, 2007
59th
Annual General Meeting of the Company shall
be held on Thursday, July 26, 2007. The final
dividend for the financial year 2006-07, if
approved by the members, will be paid on or
after July 31, 2007.
June
26, 2007
Board of Directors at their
meeting held today - June 26, 2007, have
approved subject to approval of the shareholders,
preferential issue of 50,05,000 Warrants
convertible into Equity Shares of the Company
to Promoters and Directors in accordance
with the SEBI Guidelines for Preferential
Issue.
Board
of Directors to meet on June 26, 2007 to consider
preferential issue of warrants convertible
into equity shares of the Company to promoters
and directors of the Company.
June
1, 2007
Greatship
(India) Ltd., wholly owned subsidiary of The
Great Eastern Shipping Co. Ltd. has incorporated
Greatship Global Holdings Ltd. in Mauritius
on May 30, 2007.
May
10, 2007
Greatship
Holdings B.V., Netherlands a subsidiary of
Greatship (India) Ltd., has incorporated Greatship
Global Services Pte. Ltd., Singapore on May
8, 2007 with the object of owning and operating
offshore vessels.
May
4, 2007
Register
of Members and Share Transfer Book will remain
closed from July 12, 2007 to July 19, 2007
(both days inclusive) for purpose of ascertaining
the eligibility for dividend for the year
2006 -07
April
20, 2007
The
Board of Directors of the Company to meet
on Friday May 4, 2007 to consider inter alia,
the following:
1) Audited Accounts for
the financial year ended March 31 ,2007.
2) Interim Dividend for the Financial
Year 2006-07, if any.
March
20, 2007
Reference
to letter dated February 26, 2007 the Company
has today concluded sale of its entire shareholding
in Routes Travel Limited and consequently
Routes Travel Limited ceases to be the Company's
Subsidiary.
February
26, 2007
The
Company has entered into an agreement to sell
its investment held in Routes Travel Limited,
a subsidiary of the Company. The Company holds
22,27,350 equity shares in Routes Travel Limited,
constituting 63.64% of its paid up share capital.
January
30, 2007
Intimation
on sad demise of the Company's Director, Mr.
Manu Shroff on January 29, 2007
Mr. Manu Shroff had been on the Board of
the Company since 1992
January
18, 2007
February
2, 2007 fixed as Record Date for ascertaining
shareholders eligibility for receiving interim
dividend, if declared by the Board of Directors
at their meeting to be held on January 25,
2007.
The interim dividend, if declared, will be
paid to the shareholders on or after February
7, 2007.
January
17, 2007
Further
to the communication dated January 15, 2007,
the Board of Directors will also consider,
inter-alia declaration of interim dividend
on the equity shares of the Company for the
Financial Year 2006-07.
January
15, 2007
Board
of Directors of the Company to meet on Thursday,
January 25, 2007 to consider, inter-alia,
the Unaudited Financial Results (Provisional)
for the quarter ended December 31, 2006.
