GESHIP2021-01-012021-03-31in-bse-fin:OneOperatingExpenses01Member GESHIP2021-01-012021-03-31in-bse-fin:OneOperatingExpenses02Member GESHIP2021-01-012021-03-31in-bse-fin:OneOperatingExpenses03Member GESHIP2021-01-012021-03-31in-bse-fin:OneOperatingExpenses04Member GESHIP2021-01-012021-03-31in-bse-fin:OneOperatingExpenses05Member GESHIP2021-01-012021-03-31in-bse-fin:OneOperatingExpenses06Member GESHIP2021-01-012021-03-31in-bse-fin:OneOperatingExpenses07Member GESHIP2021-01-012021-03-31in-bse-fin:FourOperatingExpenses01Member GESHIP2021-01-012021-03-31in-bse-fin:FourOperatingExpenses02Member GESHIP2021-01-012021-03-31in-bse-fin:FourOperatingExpenses03Member GESHIP2021-01-012021-03-31in-bse-fin:FourOperatingExpenses04Member GESHIP2021-01-012021-03-31in-bse-fin:FourOperatingExpenses05Member GESHIP2021-01-012021-03-31in-bse-fin:FourOperatingExpenses06Member GESHIP2021-01-012021-03-31in-bse-fin:FourOperatingExpenses07Member GESHIP2021-01-012021-03-31in-bse-fin:OneReportableSegmentRevenue01Member GESHIP2021-01-012021-03-31in-bse-fin:OneReportableSegmentRevenue02Member GESHIP2021-01-012021-03-31in-bse-fin:FourReportableSegmentRevenue01Member GESHIP2021-01-012021-03-31in-bse-fin:FourReportableSegmentRevenue02Member GESHIP2021-01-012021-03-31in-bse-fin:OneReportableSegmentResults01Member GESHIP2021-01-012021-03-31in-bse-fin:OneReportableSegmentResults02Member GESHIP2021-01-012021-03-31in-bse-fin:FourReportableSegmentResults01Member GESHIP2021-01-012021-03-31in-bse-fin:FourReportableSegmentResults02Member GESHIP2021-01-012021-03-31in-bse-fin:OneReportableSegmentAssets01Member GESHIP2021-01-012021-03-31in-bse-fin:OneReportableSegmentAssets02Member GESHIP2021-01-012021-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GESHIP2021-03-31in-bse-fin:OneReportableSegmentLiabilities01Member GESHIP2021-01-012021-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GESHIP2021-03-31in-bse-fin:OneReportableSegmentLiabilities02Member GESHIP2021-01-012021-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2021-01-012021-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member GESHIP2021-01-012021-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member GESHIP2021-01-012021-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares GESHIP 2020-04-01 2021-03-31 2021-04-29 INR Crores Yearly true Cash Flow Indirect Multi segment 2021-01-01 2021-03-31 Audited Consolidated 7399500000.00 588100000.00 7987600000.00 0.00 0.00 0.00 1746400000.00 791300000.00 1679100000.00 3318400000.00 7535200000.00 452400000.00 0.00 452400000.00 41400000.00 -79100000.00 -37700000.00 0.00 490100000.00 0.00 0.00 0.00 0.00 490100000.00 408500000.00 898600000.00 0.00 0.00 1469700000.00 10 3.33 3.33 0.00 0.00 3.33 3.33 0.00 0.00 0.00 2.The shipping and offshore operations of the Group have continued despite challenges posed by lockdowns and restrictions following the COVID-19 outbreak. The internal financial reporting and controls of the Group have been operating satisfactorily with support of technology. The offshore assets are under term contracts with reputed customers and continue to operate under the charter hire agreements, and the management does not expect any material impact on medium to long term charter rates considered in assessing recoverable amounts of the aforementioned assets. For shipping, the impact of COVID-19 pandemic has been varying across the types of assets. Whilst the volatility of freight rates has been higher than usual in some cases, the vessels have continued to remain deployed. Such higher volatility in the market is not expected to materially impact estimates of long-term rates considered in assessing recoverable amounts of the vessels. The Group does not foresee any challenge on recoverability of trade receivables given the creditworthiness of the customers and the subsequent recoveries. The Group has adequate resources including liquid investments, cash and cash equivalents to meet its financial obligations for the foreseeable future. The impact of COVID-19 may be different from that estimated as at the date of approval of these financial results. 3.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. 4.The Board of Directors has declared a final dividend of Rs. 9.00 per equity share of Rs.10/- each. The outgo on this account is Rs. 132.27 crores, subject to the approval of members at the Annual General Meeting. 5.During the quarter under review, the Company undertook the following transactions: - delivered its 2000 built Suezmax Crude Carrier ‘Jag Laadki’. - delivered its 2006 built Supramax Bulk Carrier ‘Jag Roopa’ - took delivery of a second-hand Capesize Bulk Carrier built in 2014, renamed ‘Jag Alaia’. - the company has contracted to buy a Secondhand Midsize Gas Carrier built in 2006, renamed as Jag Vikram, delivery of which was taken subsequent to the end of the quarter. - the company has contracted to buy a Secondhand Supramax Bulk Carrier built in 2013, to be delivered in first quarter of Financial Year 2021-22. Multi segment 2020-04-01 2021-03-31 Audited Consolidated 33365500000.00 2318200000.00 35683700000.00 0.00 0.00 0.00 6989600000.00 2421400000.00 7004300000.00 9841600000.00 26256900000.00 9426800000.00 0.00 9426800000.00 243900000.00 -2300000.00 241600000.00 0.00 9185200000.00 0.00 0.00 0.00 0.00 9185200000.00 298000000.00 9483200000.00 0.00 0.00 1469700000.00 10 75573000000.00 62.50 62.38 0.00 0.00 62.50 62.38 0.01 0.02 0.08 Consumption of spares and stores 662800000.00 Foreign Exchange (gain)/loss(net) -3900000.00 Fuel oil and water 896100000.00 Impairment on certain assets 461100000.00 Net (gain)/loss due to change in fair value/ settlement of derivative contracts (net) -542900000.00 Other Expenses 1423800000.00 Port, light and canal dues 421400000.00 Consumption of spares and stores 2439000000.00 Foreign Exchange (gain)/loss(net) 731800000.00 Fuel oil and water 3618200000.00 Impairment on certain assets 461100000.00 Net (gain)/loss due to change in fair value/ settlement of derivative contracts (net) -3133100000.00 Other Expenses 4091200000.00 Port, light and canal dues 1633400000.00 Offshore 1664900000.00 Shipping 6401100000.00 Offshore 6788400000.00 Shipping 29174200000.00 8066000000.00 35962600000.00 78400000.00 278900000.00 7987600000.00 35683700000.00 Offshore -1009400000.00 Shipping 1499500000.00 Offshore -1036500000.00 Shipping 10221700000.00 490100000.00 9185200000.00 0.00 0.00 0.00 11.The results for the quarter and year the ended March 31, 2021, 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 Annexure A Pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we submit herewith the following information pertaining to the Non-convertible Debentures of the Company as on March 31, 2021: (a) Credit rating and change in credit rating (if any): The credit rating for Non-convertible Debentures of the Company is Care AA+ (Outlook Stable) by CARE Ratings Limited and BWR AAA (Outlook Stable) by Brickwork Ratings India Pvt. Ltd. There has been no change in the rating during the half year. (b) Asset cover available, in case of non-convertible debt securities: As per the terms of issue of 6,000 Secured Redeemable Non-convertible Debentures of 10 lac each, the Company has created and maintained exclusive charge on ships (with 1.20 times cover on market value of ships) and additional security by way of mortgage on immovable property. As per the terms of issue of 19,500 Unsecured Redeemable Non-convertible Debentures of 10 lac each, the Company has maintained unencumbered assets (including cash and cash equivalents) of market value not less than outstanding face value amount of these Debentures. (c) Due dates for the payment of interest and repayment of principal of non-convertible debt securities and whether the same has been paid or not: DEBENTURE SERIES LAST INTEREST PAYMENT DATE NEXT INTEREST PAYMENT DATE AMOUNT OF NEXT INTEREST PAYABLE (Rs.) REDEMPTION DATE REDEMPTION AMOUNT (Rs.) 9.70% UNSECURED DEBENTURES January 7, 2021 January 07, 2022 97,000,000 January 07, 2023 1,000,000,000 9.70% UNSECURED DEBENTURES January 18, 2021 January 18, 2022 97,000,000 January 18, 2023 1,000,000,000 9.70% UNSECURED DEBENTURES * February 02, 2021 - - February 02, 2021 1,000,000,000 9.70% UNSECURED DEBENTURES April 15, 2020 April 15, 2021 145,500,000 April 15, 2021 1,500,000,000 9.70% UNSECURED DEBENTURES April 27, 2020 April 26, 2021 48,367,124 April 26, 2021 500,000,000 8.70% UNSECURED DEBENTURES May 06, 2020 May 06, 2021 217,500,000 May 06, 2026 2,500,000,000 8.70% UNSECURED DEBENTURES June 01, 2020 May 31, 2021 216,904,110 May 31, 2025 2,500,000,000 8.24% UNSECURED DEBENTURES November 10, 2020 November 10, 2021 164,800,000 November 10, 2025 2,000,000,000 8.24% UNSECURED DEBENTURES November 10, 2020 November 10, 2021 164,800,000 November 10, 2026 2,000,000,000 7.99% UNSECURED DEBENTURES January 18, 2021 January 18, 2022 199,750,000 January 18, 2024 2,500,000,000 7.99% UNSECURED DEBENTURES January 18, 2021 January 18, 2022 199,750,000 January 18, 2025 2,500,000,000 8.25% UNSECURED DEBENTURES May 26, 2020 May 25, 2021 123,750,000 May 25, 2027 1,500,000,000 8.05% SECURED DEBENTURES August 31, 2020 August 31, 2021 120,750,000 August 31, 2024 1,500,000,000 8.85% SECURED DEBENTURES April 13, 2020 April 12, 2021 265,500,000 April 12, 2028 3,000,000,000 8.05% SECURED DEBENTURES NA November 2, 2021 120,750,000 November 2, 2028 1,500,000,000 * Principal amount repaid on due date. The interest amounts on Non-convertible Debentures have been paid on the due dates. Principal amount of Non-convertible Debentures are not due. (d) Debenture Redemption Reserve: Pursuant to the provisions of Rule 18 (7) of the Companies (Share Capital and Debentures) Rules, 2014 (as amended) Debenture Redemption Reserve (DRR) is not required for the debentures issued by the Company subject to compliance with certain conditions. The Company has complied with the conditions and accordingly, DRR is not created. 0.00 490100000.00 9185200000.00 Offshore 47738400000.00 Shipping 93717700000.00 141456100000.00 0.00 141456100000.00 Offshore 16922200000.00 Shipping 47491200000.00 64413400000.00 0.00 64413400000.00 2421400000.00 66000000.00 1439700000.00 0.00 0.00 0.00 0.00 0.00 0.00 -328600000.00 0.00 -226100000.00 0.00 7004300000.00 461100000.00 -150600000.00 0.00 0.00 0.00 357900000.00 0.00 322400000.00 0.00 -2807800000.00 0.00 0.00 -965100000.00 -1019200000.00 0.00 5930600000.00 15357400000.00 0.00 0.00 0.00 15700000.00 0.00 15341700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3452600000.00 8660600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 284000000.00 0.00 -3807700000.00 0.00 -8731700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4357700000.00 6128300000.00 0.00 93400000.00 396800000.00 3106800000.00 0.00 314700000.00 -5052900000.00 1557100000.00 -84600000.00 1472500000.00 16142200000.00 17614700000.00