5006202022-04-012022-06-305006202022-06-305006202022-04-012022-06-30in-bse-fin:OtherExpenses1Member5006202022-04-012022-06-30in-bse-fin:OtherExpenses2Member5006202022-04-012022-06-30in-bse-fin:OtherExpenses3Member5006202022-04-012022-06-30in-bse-fin:OtherExpenses4Member5006202022-04-012022-06-30in-bse-fin:OtherExpenses5Member5006202022-04-012022-06-30in-bse-fin:OtherExpenses6Member5006202022-04-012022-06-30in-bse-fin:ReportableSegments1Member5006202022-04-012022-06-30in-bse-fin:ReportableSegments2Member5006202022-04-012022-06-30in-bse-fin:ReportableSegments1Member5006202022-04-012022-06-30in-bse-fin:ReportableSegments2Member5006202022-04-012022-06-30in-bse-fin:ReportableSegments1Member5006202022-06-30in-bse-fin:ReportableSegments1Member5006202022-04-012022-06-30in-bse-fin:ReportableSegments2Member5006202022-06-30in-bse-fin:ReportableSegments2Member5006202022-04-012022-06-30in-bse-fin:ReportableSegments1Member5006202022-06-30in-bse-fin:ReportableSegments1Member5006202022-04-012022-06-30in-bse-fin:ReportableSegments2Member5006202022-06-30in-bse-fin:ReportableSegments2Member5006202022-04-012022-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15006202022-04-012022-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500620GESHIPNAINE017A01032The Great Eastern Shipping Company LimitedEquity2022-04-012023-03-312022-07-292022-07-20INRCroresFirst quarterMulti segment2022-07-2909:30:002022-07-2914:20:00Not applicable2022-04-012022-06-30UnauditedConsolidated1366000000031640000013976400000000189910000093260000017924000004848900000947300000045034000000450340000045700000-112700000-6700000004570400000000045704000003996000004970000000000014277000001032.0131.950032.0131.950.00520.01670.07751.The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 28, 2022. The Statutory Auditors of the Company have carried out a limited review of the results for the quarter ended June 30, 2022. <BR> <BR> 2.The above is an extract of the detailed format of the financial results for the quarter ended on June 30, 2022 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015. <BR> <BR> 3.The operations have continued albeit with certain challenges due to restrictions/lockdowns following COVID-19 outbreak. The challenges mainly include travel restrictions on Indian seafarers and inefficient routing of vessels for crew changes, leading to additional costs. The Management has considered the possible effects that may result from the COVID-19 pandemic in preparation of these financial results, including recoverability of assets, and expects their carrying amounts to be recoverable. The impact of COVID-19 may be different from that estimated as at the date of approval of these financial results. <BR> <BR> 4.The Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. <BR> <BR> 5.The Board of Directors has declared an interim dividend of Rs. 5.40 per equity share of Rs.10/- each. The outgo on this account will be Rs. 77.09 crores. <BR> <BR> Fuel, Oil and Water1710800000Port, light and canal dues569300000Consumption of spares and stores586000000Net(gain)/loss due to change in fair value/ settlement of derivative contracts (net)466500000Foreign exchange (gain)/loss,(net)-396700000Other Expenses1913000000Shipping11988700000Offshore2057900000140466000007020000013976400000Shipping4703000000Offshore-1326000004570400000004570400000Shipping96488400000Offshore449425000001414309000000141430900000Shipping41559100000Offshore15159700000567188000000567188000006.Pursuant to the approval of the Board of Directors for buyback of equity shares, for an amount aggregating up to Rs. 225 crores (excluding tax on buyback), the Company has bought back 41,99,323 equity shares of Rs. 10/- each during the year ended March 31, 2022. The total quantum utilised for the buyback upto July 06, 2022 i.e, the closure date of the buy-back is Rs. 133.23 crores (excluding tax on buyback) which is 59.21% of the maximum buyback size. The Company could not utilize the Maximum Buyback Size as the share price quoted on the stock exchanges has remained above the Maximum Buyback Price of Rs. 333 per share since March 30, 2022. All the equity shares bought back have been extinguished. Consequently, Subscribed and Paid-up Capital of the Company, as reduced by Rs. 4.20 crores, now stands at Rs. 142.77 crores as on as on the date of Board Meeting. The premium paid on buyback of the equity shares has been appropriated from General Reserve Account. <BR> <BR> 7.The full format of the results for the quarter ended June 30, 2022, are available on the Bombay Stock Exchange website (URL:www.bseindia.com/corporates), the National Stock Exchange website (URL:www.nseindia.com/corporates) and on the Company website (URL: www.greatship.com/ financial_result.html). <BR> <BR> Amount of items that will not be reclassified to profit and loss95000009500000-1000000Amount of items that will be reclassified to profit and loss40750000040750000018400000