18,58,941 equity shares extinguished after open-market buyback in September 2026
18,58,941 equity shares bought back from the open market were extinguished (cancelled).
By ScoutQuest · · 2 min read
- Shares Extinguished
- 18,58,941 equity shares bought back from the open market were extinguished (cancelled)
- Paid-up Capital Before
- 14,27,67,161 shares (Rs. 1,42,76,71,610)
- Paid-up Capital After
- 14,09,08,220 shares (Rs. 1,40,90,82,200)
What the company said
The Great Eastern Shipping Company Limited has extinguished 18,58,941 equity shares of face value Rs. 10/- each. These shares were bought back by the company from the open market through the stock exchanges during September 2026.
The buyback ran under a public announcement published on August 31, 2026, with purchases made from September 04, 2026 to September 30, 2026. The shares were extinguished on October 10, 2026, and National Securities Depository Limited issued a debit confirmation for the same. All the shares bought back and extinguished were held in dematerialised form; no equity shares in physical form were bought back and extinguished.
Share capital before and after
- Paid up equity share capital prior to buyback: 14,27,67,161 shares, aggregating Rs. 1,42,76,71,610
- Shares being extinguished (demat): 18,58,941 shares, aggregating Rs. 1,85,89,410
- Paid up share capital post extinguishment: 14,09,08,220 shares, aggregating Rs. 1,40,90,82,200
The reconciliation in the update is drawn as on September 30, 2026.
What extinguishment means
Extinguishment means those shares are cancelled and cease to exist. In a buyback, the company first buys its own shares from the open market, then reduces its share capital by cancelling the shares so bought. That is why both the number of shares and the paid-up capital fall by the same proportionate amount.
Why it can matter to a shareholder
- With fewer shares in issue, each remaining share represents a slightly larger proportionate ownership of the company, if everything else stays the same.
- The company's paid-up equity share capital comes down from Rs. 1,42,76,71,610 to Rs. 1,40,90,82,200, and the share count from 14,27,67,161 to 14,09,08,220.
- Shareholders who sold their shares in the open-market buyback are no longer part of the shareholder base; this update records that those shares have now been cancelled.
- The certificate of extinguishment carries the signatures of the Chairman & Managing Director and the Executive Director & CFO, along with the registrar's and the secretarial auditor's endorsements, and the depository's debit confirmation.
How to read this update
This is an intimation that the extinguishment step of the buyback has been completed, together with the before-and-after share capital reconciliation. It is a record of a corporate action already carried out, rather than a fresh offer to shareholders.
Also from Great Eastern Shipping Company
GE Shipping to buy secondhand 82,000 cbm VLGC, two Kamsarmax bulk carriers and a new-building Suezmax tanker
23 Oct 2026
ESG score of 61 assigned for FY 2025-26 by NSE Sustainability
15 Oct 2026
Head (HR & Admin) change: Sailil Raghavan retires, Savitha Krishnamoorthy appointed
4 Oct 2026
More numbers
- Equity shares bought back and extinguished18,58,941
- Face value per equity shareRs. 10/-
- Paid up equity share capital prior to buyback (shares)14,27,67,161
- Paid up equity share capital prior to buyback (Rs.)1,42,76,71,610
- Capital on shares being extinguished (Rs.)1,85,89,410
- Paid up share capital post extinguishment (shares)14,09,08,220
- Paid up share capital post extinguishment (Rs.)1,40,90,82,200
- NSDL debit quantity for extinguishment1,858,941.000
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