The board of The Great Eastern Shipping Company Limited recommended final dividend of INR 5.40 per share for the financial year ended March 31, 2019, at its meeting held on May 6, 2019. The final dividend will be paid after approval of shareholders at the upcoming Annual General Meeting.

The board also considered and approve the issue of non-convertible debentures upto an amount no exceeding INR 10,000 million by way of private placement during the year.

The board approved the appointment of Raju Shukla and Ranjit Vasant Pandit as Additional and Independent Directors on the Board, effective June 1, 2019. Mr. Raju Shukla is the Executive Chairman and Founder of Cleantech Renewable Assets Pte Ltd. (Cleantech Solar Group). Mr. Shukla also serves as the Chairman & Founder of Ariana Investment Management, a fund management company regulated by Monetary Authority of Singapore. He is also Non-Executive Chairman of Ocean Dial Asset Management. Mr. Pandit serves as a Non-Executive Director of all of Reliance Industries Ltd. Consumer Businesses including Reliance Jio lnfocomm Ltd., Reliance Retail Ventures Ltd, Genesis Colours Limited, BKC Mall Management Private Limited; CEAT Ltd. and ABP Private Ltd. He is currently an investor and a philanthropist with a controlling interest in several manufacturing businesses.