Net sales dropped 26.7% to Rs 739.95 crore in Q4 FY21 compared with Rs 1,009.25 crore in Q4 FY20.
The board has recommended a final dividend of Rs 9 per share for the financial year ended 31 March 2021.
The board has approved the issue of non-convertible debentures upto an amount not exceeding Rs 1,000 crore by way of private placement during a period of one year.
G E Shipping has two main businesses: shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities. The offshore business services to the oil companies in carrying out offshore exploration and production activities, through its subsidiary Greatship (India).
Shares of G E Shipping fell 1.74% to close at Rs 381.45 on Friday.