News ArticleThe Great Eastern Shipping Company Limited Extinguishes Nearly 20 Lakh Equity Shares After Buyback
Company reduces paid-up equity share capital to Rs. 1,38,91,86,670 following buyback and extinguishment in October 2026
The Great Eastern Shipping Company Limited has extinguished 19,89,553 equity shares following an open market buyback in October 2026, reducing its paid-up share capital to Rs. 1,38,91,86,670. This action complies with SEBI Buy-Back Regulations and reflects the company's capital reduction efforts.
The Great Eastern Shipping Company Limited
Corporate Action
The Great Eastern Shipping Company Limited has completed the extinguishment of 19,89,553 equity shares bought back from the open market in October 2026, lowering its equity share capital.
The shares extinguished have a face value of Rs. 10 each and were repurchased from existing shareholders through stock exchanges during October 2026.
Pre-extinguishment, the company's paid-up equity share capital stood at Rs. 1,40,90,82,200 comprising 14,09,08,220 shares.
Post extinguishment of the nearly 20 lakh shares, the paid-up equity share capital is Rs. 1,38,91,86,670, consisting of 13,89,18,667 shares.
All extinguished shares were held in dematerialized form; no physical shares were bought back or extinguished.
The extinguishment process complied with the Companies Act, 2013, SEBI Buy-Back Regulations, and relevant depository regulations, with confirmation from National Securities Depository Limited (NSDL).
Highlights
- 19,89,553 equity shares extinguished in October 2026 after buyback via open market
- Face value per share: Rs. 10
- Paid-up share capital reduced from Rs. 1,40,90,82,200 to Rs. 1,38,91,86,670
- All bought-back shares were dematerialized; no physical shares involved
- Compliance certified under SEBI (Buy-Back of Securities) Regulations, 2018
Key Data Snapshot
What happened
- The Great Eastern Shipping Company Limited completed the extinguishment of 19,89,553 equity shares bought back from open market transactions conducted during October 2026.
- This extinguishment reduces the company's paid-up share capital, reflecting a decrease in outstanding equity shares.
Key details
- Shares extinguished were in dematerialized form with no physical shares involved.
- Face value for each equity share is Rs. 10.
- The extinguishment occurred on November 2, 2026, following buyback transactions recorded through NSDL.
- The company's paid-up share capital decreased from Rs. 1,40,90,82,200 to Rs. 1,38,91,86,670.
- Compliance was certified under applicable regulations including SEBI (Buy-Back of Securities) Regulations, 2018 and the Companies Act, 2013.
Regulatory and governance context
- The extinguishment process adhered to Regulation 11 read with Regulation 21 of SEBI Buy-Back Regulations, 2018.
- The company obtained necessary confirmations from NSDL and regulatory certificates to confirm compliance.
- No physical shares were extinguished, only dematerialized shares.
- Buyback was conducted through open market route during October 2026 as per SEBI guidelines.
Highlights
- 19,89,553 equity shares extinguished in October 2026 after buyback via open market
- Face value per share: Rs. 10
- Paid-up share capital reduced from Rs. 1,40,90,82,200 to Rs. 1,38,91,86,670
- All bought-back shares were dematerialized; no physical shares involved
- Compliance certified under SEBI (Buy-Back of Securities) Regulations, 2018
Disclosures
- Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
- Companies Act, 2013
- Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
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