Subsequent Events (Predecessor)

12 Months Ended

4 Months Ended

Mar. 31, 2015

Jul. 28, 2013

24. Subsequent Events

On April 1, 2015, we commenced operations of Helios LPG Pool LLC (“Helios LPG”). Helios LPG is jointly run by Dorian LPG and Phoenix Tankers Pte. Ltd (“Phoenix Tankers”), a 100% subsidiary of Mitsui OSK Lines Ltd. Helios LPG is operated out of offices in London and Singapore.

Helios LPG is operating seven VLGCs on the water, including three of Dorian LPG’s VLGCs: Corsair, Captain John NP and Captain Nicholas ML, of which one is a ECO-design vessel.

On May 15, 2015, the Compensation Committee of our Board of Directors approved a $1.5 million discretionary cash bonus to executive management and $0.4 million to other employees in recognition of their contribution to the Company’s performance for the fiscal year ended March 31, 2015. These bonuses will be recognized as compensation expense in our consolidated financial statements for the year ended March 31, 2016.

Predecessor

Subsequent Events

Subsequent Events

15.Subsequent Events

On July 29, 2013, the following transactions took place:

Cepheus, Lyra and Cetus sold the Captain Nicholas ML, the Captain John NP and the Captain Markos NL to CMNL LPG Transport LLC, CJNP LPG Transport LLC and CNML LPG Transport LLC (being newly created entities of the same shareholders), respectively, which also assumed the related outstanding bank debt and interest rate swaps related to each vessel.

100% interest in CMNL LPG Transport LLC, CJNP LPG Transport LLC and CNML LPG Transport LLC was contributed to Dorian LPG Ltd. in exchange for equity in Dorian LPG Ltd.

The Grendon was sold to Grendon Tanker LLC, a wholly-owned subsidiary of Dorian LPG Ltd.