GESHIPPING

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Board of Directors at their meeting held on October 27, 2006 have also approved subscribing to the equity of the Company's wholly owned subsidiary viz. Greatship (India) Limited to the extent of Rs.250 crores. The aforesaid funds will be utilised by Greatship (India) Limited for part financing its assets acquisition programme.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Board of Directors at their meeting held on October 27,2006 have : 1) declared an interim dividend of Rs.4.00 per share to the equity shareholders of the Company which will be paid to the eligible shareholders on or after November 22,2006. The Company has decided to maintain the Book Closure for demerger i.e. November 15,2006 and November 16,2006 (both days inclusive) as Book Closure for the purposes of ascertaining the shareholders who will be eligible for the interim dividend. The interim dividend declared will be paid on the

Members of the Exchange are hereby informed that the trading in equity shares of Great Eastern Shipping Co. Ltd. shall be suspended w.e.f. November 08, 2006 (i.e. closing hours of trading on November 07, 2006) on account of Scheme of Arrangement involving demerger of the offshore services business of the Company into Great Offshore Limited.

Great Eastern Shipping Co. Ltd. has informed the Exchange regarding the closure of its books from November 15, 2006 to November 16, 2006, both days inclusive, for ascertaining the shareholders who will be eligible for the Equity Shares of the Resulting Company i.e. Great Offshore Limited in the ratio of 1 Equity Share of Rs.10/- each credited as fully paid-up in cash for every 5 equity Shares of Rs.10/- each held by such member in G E Shipping.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the conditions stipulated under clause 35 of the Scheme of Arrangement being demerger (Scheme) of the offshore services business of The Great Eastern Shipping Company Limited (GE Shipping) into Great Offshore Limited to make the Scheme effective having complied with, the effective date of the Scheme shall be October 16, 2006. Accordingly the Scheme has become effective on October 16, 2006 and the transfer of assets and liabilities of the Offshore Business of G. E. Shipping shall stand vested pursuant to the provisions of the Scheme

and that such reduction shall be effected by reducing the paid up Equity share capital of GE Shipping by Rs.2/- per Equity share of Rs.10/- each. Consequently 5 Equity shares so reduced shall be consolidated into 4 Equity shares of Rs.10/- each. New shares of Great Offshore Limited and G. E. Shipping (as reduced) shall be allotted to the shareholders in respect of shares held in physical form to those members whose name appear on the Register of Members of the Company after giving effect to all valid share transfers lodged with the Company on or before the end of business hours on November 14,

Great Eastern Shipping Co. Ltd. has informed the Exchange that as the demerger process is under way, the Company had sought extension of time for a period of 3 months from the Registrar of Companies, Mumbai (ROC) to hold the AGM for the financial year ended March 31,2006. The ROC has granted extension of time upto December 23,2006 to hold the AGM for the financial year ended March 31,2006.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has taken delivery of one New Building Offshore Supply Vessel from Bharati Shipyard Limited, India. The Vessel has been named "Malaviya Twenty Seven". Upon demerger of the Offshore Division the vessel will stand transferred to Great Offshore Limited, the resulting company. Further, the company has issued a press release in this connection, titled "G E Shipping takes delivery of new built Offshore Suply Vessel". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corpor

Great Eastern Shipping Co. Ltd. has informed the Exchange regarding a press release, dated September 18, 2006 as follows:- Greatship (India) Limited (GIL) a wholly owned subsidiary of The Great Eastern Shipping Company Limited has contracted to by 4 nos 80T Anchor Handling Tug cum Supply Vessels (AHTSV) being built by Labroy Shipbuilding & Engineering Pte Ltd., Singapore. The vessels are expected to join the Company's fleet immediately on delivery from the yard during H1 CY 2009. This brings the current order book of GIL including the secondhand acquisions to 10 OSVs - 8 new buildings (2 PSVs

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has taken delivery of one New Building Platform Supply Vessel from Brattvaag Skipsverft AS, Norway. The Vessel has been named "Malaviya Thirty". Upon demerger of the Offshore Division the vessel will stand transferred to Great Offshore Limited, the resulting company. Further, the company has issued a press release in this connection dated September 14,2006, titled "G E Shipping takes delivery of new built PSV". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corpor

Great Eastern Shipping Co. Ltd. has informed the Exchange that Greatships (India) Limited, a wholly owned subsidiary of the Company has contracted to acquire a 2005 built Platform Supply Vessel. The said vessel is expected to be delivered during the second quarter of FY 2007-08. The Company has submitted a copy of press release in this regard titled "Greatship (India) Limited contracts to buy a modern Platform Supply Vessel". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Com

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has contracted to acquire a 1996 built (around 164,796 DWT) modern Capesize dry bulk carrier. The vessel is expected to be delivered in the fourth quarter of FY 2006-07. A copy of the press release to be issued in this connection dated September 07, 2006, titled "G E Shipping contracts to buy Capesize Drybulk carrier", shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. had informed the Exchange that the Board of Directors at its meeting held on August 09,2006 decided to seek an extension of time from the Hon'ble Bombay High Court to obtain the remaining approvals and to complete the Demerger process. The company has further informed the Exchange that the Hon'ble Bombay High Court after considering the Company's request for extension of time for completing the balance Demerger process has approved extension of the Scheme of Arrangement (Demerger) by a period of 3 months. The Hon'ble Bombay High Court also approved the other mod

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has contracted to acquire a new building Self Propelled (Cantilever type) Independent Leg, Jack Up Drilling unit with Bharati Shipyard Limited, expected to be delivered during the fourth quarter of calender year 2008. Upon demerger of the Offshore Division the Drilling unit will stand transferred to Great Offshore Limited, the resulting company. The company has issued a press release in this connection dated August 28, 2006, titled "G E Shipping orders a new building Self Propelled (Cantilever type) Independent leg, Jac

Great Eastern Shipping Co. Ltd. had informed the Exchange that the Company has sold and delivered its 1985 built, 95,007 dwt Aframax Crude Carrier "Jag Leena". The Company has in this regard issued a press release dated August 25, 2006 titled "'Jag Leela' delivered to the buyers". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has contracted to acquire 2 new building Anchor Handling Tug cum Supply Vessels (AHTSVs). The said vessels are expected to be delivered during the third and fourth quarter of FY 2007-08. Further, the company has issued a press release in this regard dated August 21, 2006, titled �Greatship (India) Limited orders 2 AHTSVs�. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has contracted to acquire a 1996 built (around 147,834 DWT) modern Double Hull Suezmax Tanker. The Vessel is expected to be delivered in the third quarter of FY 2006-07. Further, the company has issued a press release in this regard dated August 17,2006, titled �G E Shipping contracts to buy a modern double hull Suezmax crude carrier�. The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Ann

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Board of Directors at its meeting held on August 09,2006 decided to seek an extension of time from the Hon'ble Bombay High Court to obtain the remaining approvals and to complete the Demerger process. A copy of the press release in this regard shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange regarding a press release to be issued dated August 09, 2006, which is follows: "Greatship (India) Limited (GIL) a wholly owned subsidiary of The Great Eastern Shipping Co. Ltd. took delivery of a modern midsized Platform Supply Vessel (PSV). This will be the first offshore asset owned by the company and is named "Greatship Disha". With this delivery GIL has a current orderbook comprising 3 PSVs (1 Secondhand and 2 New Buildings to be delivered in H2 FY 2006-07 and Q2 and Q3 of FY 2008-09 respectively)".

News Verification : The media had reports that Great Eastern Shipping Co. Ltd. is likely to go in for buyback of shares. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Great Eastern Shipping Co. Ltd. has vide its letter inter-alia stated, "We would like to inform you that as of date the Board of Directors of the Company have not considered any buyback proposal."

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company reviewed at its meeting held on August 02, 2006 the status of various approvals from contracting counter parties. The Board after due deliberation concluded that it was not possible to proceed with the Scheme of De-merger of the offshore services business into a seperate company Great Offshore Limited as all the conditions for arriving at the Effective Date of the Scheme were not fulfilled within the stipulated time of six months from the date of the Bombay High Court order approving the Scheme. Further the Company has

Great Eastern Shipping Co. Ltd. has informed the Exchange that the article appearing in "Economic Times" on August 02, 2006 under the heading "Demerger on track, says GE Shipping". Amongst other things the article quotes Mr. Rajat Dutta, spokesperson of GE Shipping having stated that the Bombay High Court approved demerger deadline would expire only by end of the first week of August, and not Wednesday(August 02, 2006). The statement so quoted in the article is not the correct position and for the sake of clarity, the company states that the deadline stipulated under the Scheme of Demerger app

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has signed a Contract with STX Shipbuilding Company Ltd., Korea for 2 New Building "Long Range One" (LR1) Product Tankers of 74,500 DWT each. The said vessels are expected to be delivered during the 3rd quarter of Financial year 2008-09. A press release with regards to the same to be issued by the company is as follows : "With a view to modernise its fleet, G E Shipping has ordered two new building Long Range One (LR1) Product tankers from STX Shipbuilding Company Ltd., Korea. The vessels, of around 74,500 dwt each, ar

Great Eastern Shipping Co. Ltd. has informed the Exchange that the auditor's have conducted the limited review of the un-audited financial results for the quarter ended on March 31, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has contracted to sell a 1985 built, 95,007 dwt Aframax Crude Carrier "Jag Leena" to be delivered during the second quarter of FY 2006-2007. The Company has also submitted a copy of press release titled "G E Shipping sells single hull Aframax Crude Carrier". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mr. Ravi K. Sheth, Executive Director of the company, in his individual capacity has acquired 32,955 shares of Great Eastern Shipping Co. Ltd. on June 23, 2006. The mode of acquisition is through Market and the shareholding of Mr. Ravi K. Sheth in his individual capacity after the said acquisition is 12,723,092 shares aggregating to 6.68% of the total share capital of Great Eastern Shipping Co. Ltd.. and the shareholding of Mr. Ravi K. Seth held jointly is 12,75,4219 shares of Great Eastern Shipping Co. Ltd..

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mr. Ravi K. Sheth, Executive Director of the company has acquired 167,046 shares of Great Eastern Shipping Co. Ltd. on June 26, 2006. The mode of acquisition is through Market and the shareholding of Mr. Ravi K. Sheth after the said acquisition is 12,890,138 shares aggregating to 6.77% of the total share capital of Great Eastern Shipping Co. Ltd.. and shareholding of Mr. Ravi K. Seth held jointly is 1,29,54,220 shares of Great Eastern Shipping Co. Ltd..

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mr. Ravi K. Sheth, Executive Director of the company, in his individual capacity has acquired 100,000 shares of Great Eastern Shipping Co. Ltd. on June 21, 2006. The mode of acquisition is through Market and the shareholding of Mr. Ravi K. Sheth in his individual capacity after the said acquisition is 12,690,137 shares aggregating to 6.67% of the total share capital of Great Eastern Shipping Co. Ltd.. and shareholding under the shares held jointly is 64,082 shares aggregating to 0.03% of the total share capital of Great Eastern Shi

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mr. Ravi K. Sheth, Executive Director of the company, in his individual capacity has acquired 25,000 shares of Great Eastern Shipping Co. Ltd. on June 08, 2006. The mode of acquisition is through Market and the shareholding of Mr. Ravi K. Sheth in his individual capacity after the said acquisition is 12,590,137 shares aggregating to 6.61% of the total share capital of Great Eastern Shipping Co. Ltd.. The company has further informed that Mr. Ravi.K.Sheth jointly with others holds 1,26,29,219 shares of the Company.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has taken delivery of one New Building Platform Supply Vessel from Brattvaag Skipsverft AS, Norway. The Vessel has been named "Malaviya Twenty Nine". Upon demerger of the Offshore Division the vessel will stand transferred to Great Offshore Limited, the resulting company. A copy of the press release in this regard shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company through one of its wholly owned subsidiary has placed a new building order for a "350 ft. Jack Up Rig" with Keppel FELS Ltd., Singapore. The said Rig is expected to be delivered during Q4 of C.Y.2009. A copy of the press release in this connection dated June 15,2006, titled "A new building Jack Up Rig Ordered" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. had informed the Exchange regarding the Scheme of Arrangement between The Great Eastern Shipping Co. Ltd. (G.E.Shipping) and Great Offshore Limited (Great Offsore) under which the Offshore Services business of G.E.Shipping is to be demerged into the resulting company, Great Offshore. The said scheme has been already approved by the Hon'ble High Court of Bombay. Pursuant to clause 35 of the Scheme, the Scheme is to come into force only upon receipt of approvals of any contracting counterparty under a material contract. After sanction of the Scheme by the Hon'ble

Great Eastern Shipping Co. Ltd. has informed the Exchange that the company has sold and delivered its 1996 built,about 44,000 dwt MR Product Carrier "Jag Prachi". A copy of the press release to be issued in this connection dated May 30, 2006, titled ' "Jag Prachi" delivered to the buyers' shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mr. Bharat K Sheth, Deputy Chairman & Managing Director of the Company has acquired in aggregate 40,104 equity shares of The Great Eastern Shipping Company Limited on May 22, 2006. The mode of acquisition is through Market and the shareholding of Mr. Bharat K Sheth after the said acquisition is 12,046,355 equity shares aggregating to 6.33% of the total share capital of The Great Eastern Shipping Company Limited.

Great Eastern Shipping Co. Ltd. has informed the Exchange that Greatship (India) Limited a wholly owned subsidiary of the Company has contracted to acquire 2 "Platform Supply Vessels" as follows: (1) A 1999 built "Platform Supply Vessel" which is expected to be delivered during Q2 of FY 2006-07. (2) A 2003 built "Platform Supply Vessel" which is expected to be delivered during the second half of F.Y 2006-07. A press release to be issued in this connection titled "Greatship (India) Limited contracts to buy two secondhand PSVs" shall be available on the NSE website (http://www.nseindia.com) und

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mr. Bharat K Sheth, Deputy Chairman & Managing Director of the Company, has acquired 210,109 shares on May 15, 2006; 200,000 shares on May 16, 2006; 68,435 shares on May 18, 2006; and 47,028 shares on May 19, 2006 of The Great Eastern Shipping Company Limited. The mode of acquisition is through Market and the shareholding of Mr. Bharat K Sheth after the said acquisition is 12,006,251 shares aggregating to 6.31% of the total share capital of The Great Eastern Shipping Company Limited.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Board of Directors in its meeting held on April 28,2006 have declared an interim dividend of Rs.3.50 per share to the equity shareholders of the Company which will be paid to the equity shareholders on or after May 15,2006. The Board of directors has decided that there will be no further dividend for the financial Year ended March 31,2006.

Great Eastern Shipping Co. Ltd. has informed the Exchange Exchange regarding a press release dated,April 25, 2006, titled, "G E Shipping sells MR Product Tanker." The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange Greatship (India) Limited a wholly owned subsidiary of the company has signed a contract with Aker Yard ASA , Norway for 2 New Building 'Platform Supply Vessels". The said vessels are expected to be delivered during Q2 and Q3 of F.Y. 2008-2009. The company has issued the press release in this respect on April 24, 2006 titled " Greatship (India) Limited orders 2 PSVs". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Comm

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Board of Directors of the Company vide Circular Resolution dated April 22, 2006 have fixed May 8, 2006 as Record Date for the purpose of ascertaining the shareholders eligible for receiving the interim dividend, if declared, by the Board of Directors at their meeting to be held on April 28, 2006. The Company has further informed that the interim dividend, if declared, by the Board of Directors, will be paid to the shareholders on or after May 15, 2006.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has received initial disclosure from Mr. Abhinandan Mahapatra General Manager of the Company disclosing the details of 50 shares held by his wife Mrs. Usri Das Mahapatra.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has taken delivery of a January 2006 built 110,531 DWT modern Double Hull Aframax Crude Carrier, "Tian E Zhou." The Vessel has been renamed "Jag Lyall". A Press Release being issued in this connection, dated March 30, 2006, titled, "Double Hull Aframax Crude Carrier Delivered." shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that the company has signed a Contract with STX Shipbuilding Company Ltd., Korea for 2 New Building " Long Range One" ( LR1) Product Tankers of 74,500 DWT each. The said vessels are expected to be delivered by mid calender year 2009. Press release dated, March 27, 2006, titled, " G E Shipping contracts two newbuilding product tankers" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has taken delivery of one New Building Offshore Supply Vessel From Bharati Shipyard Limited. The Vessel has been named " Malaviya Twenty Five". The Company has also entered into Contract with Bharati Shipyard Limited for a 140 T Bollard Pull AHTSV. The said vessel has been contracted on behalf of the Offshore Division under demerger and the Contract will, on the effective date, stand transferred to Great Offshore Limited, the resulting company. The said Vessel is expected to be delivered by mid 2007. A press release da

Great Eastern Shipping Co. Ltd. has informed the Exchange that the company has signed a contract with STX Shipbuilding Company Ltd., Korea for 2 New Building "Long Range One"(LR1) Product Tankers of 74,500 DWT each. The said vessels are expected to be delivered by mid Calendar Year 2009. A copy of the press release to be issued in this connection shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mrs. Asha V Sheth, Director of the Company, has acquired 10,000 shares on March 14, 2006 and 5,000 shares on March 17, 2006 of The Great Eastern Shipping Company Limited. The mode of acquisition is through Market Purchase and the shareholding of Mrs. Asha V Sheth after the said acquisition is 25,78,010 shares aggregating to 1.35% of the total share capital of The Great Eastern shipping Company Limited.

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mrs. Asha V Sheth, Director of the Company, has acquired 5,000 shares on March 09, 2006; 10,000 shares on March 10, 2006 and 5,000 shares on March 13, 2006 of The Great Eastern Shipping Company Limited. The mode of acquisition is through Market Purchase and the shareholding of Mrs. Asha V Sheth after the said acquisition is 25,63,010 shares aggregating to 1.35% of the total share capital of The Great Eastern shipping Company Limited.

Great Eastern Shipping Co. Ltd. has informed the Exchange that regarding an article carried in the "Economic Times" of March 14, 2006, extract enclosed, which indicates that the Record Date may be announced next week. In this connection the Company has clarified that, as contemplated in the Scheme, the Company is still in the process of obtaining approvals for transfer of material contracts in favour of Great Offshore Limited and at this moment the Company is unable to indicate the time when it would be in a position to announce the Effective and Record Date for the demerger of the Offshore Se

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mr. Ravi K. Sheth, Executive Director of the company, in his individual capacity has acquired in aggregate 3,00,000 shares of Great Eastern Shipping Co. Ltd. on February 21, 2006. The mode of acquisition is through market and the shareholding of Mr. Ravi K. Sheth in his individual capacity after the said acquisition is 12,565,137 shares aggregating to 6.60% of the total share capital of the company. The company has further informed that Mr. Ravi.K.Sheth jointly with others holds 64,082 shares aggregating to 0.03% of the total shar

Great Eastern Shipping Co. Ltd. has informed the Exchange that Mr. Kanaiyalal M Sheth, Chairman of the Company has acquired 4,10,000 shares of The Great Eastern Shipping Company Limited on February 17, 2006. The mode of acquisition is through Market and the shareholding of Mr. M. Kanaiyalal M Sheth after the said acquisition is 1,914,495 shares aggregating to 1.01% of the total share capital of The Great Eastern Shipping Company Limited.