Great Eastern Shipping Company Declares 4th Interim Dividend of Rs. 11.70 Per Share

Great Eastern Shipping Company Declares 4th Interim Dividend of Rs. 11.70 Per Share​

The Board of Directors of The Great Eastern Shipping Company Limited has announced a 4th interim dividend of Rs. 11.70 per equity share for the financial year 2025-26. The company provided comprehensive details regarding the payment structure, noting the deduction of Income-tax at source (TDS) under the Income-tax Act, 2025.

The company confirmed that the dividend will be paid after deducting withholding tax, with the applicable rate varying based on the shareholder’s residential status and the documentation submitted.

TDS Implications for Resident Shareholders​

For resident individual shareholders, the deduction rules are categorized based on the Permanent Account Number (PAN) status:


Resident non-individual shareholders, including Insurance Companies, Alternative Investment Funds (AIF), and Mutual Funds, may benefit from a potential exemption, provided they submit specified documentation and details to the company's Registrar and Share Transfer Agent (RTA) by May 20, 2026.

Taxation for Non-Resident Shareholders​

For non-resident shareholders, tax will be deducted at source in accordance with the applicable rates under the Income-tax Act.

Non-resident shareholders have the option to be governed by the Double Tax Avoidance Treaty (DTAA/Tax Treaty) between India and their country of tax residence, provided the treaty provisions are more beneficial. To claim DTAA benefits, the shareholder must furnish several documents, including:

• Self-attested copy of Permanent Account Number (PAN), if allotted by Indian authorities.
• Self-attested Tax Residency Certificate (TRC) issued by the tax authorities of the shareholder's tax residence, evidencing status for the Tax Year 2026-2027.
• Self-declaration in Form No. 41 (filed electronically).
• Self-declaration of eligibility for the relevant Tax Treaty and a No Permanent Establishment (PE) Declaration.
• Foreign Institutional and Foreign Portfolio Investors must provide a copy of their SEBI registration certificate.

Operational Updates and Payment Details​

The company confirmed that all dividend payments to members will be made exclusively in electronic mode, and no physical warrants or cheques will be issued.

The company advises shareholders to ensure their records, including tax residential status, PAN, registered email addresses, mobile numbers, correct core banking account numbers, and IFSC Code, are updated with their respective depositories or the company's RTA. Failure to update KYC/bank details may result in the dividend being withheld by the company.

The company noted that the payment of tax-deducted dividends will include a soft copy of the TDS certificate, which can also be accessed by shareholders through their e-filing account.

GESHIP Stock Price Movement​

The Great Eastern Shipping Company Limited shares today slipped by 0.49% to settle at ₹1484.9. The equity saw a traded volume of 363,695 shares, concluding the session down ₹7.40 from the previous close of ₹1498.4.