Essar Shipping Ltd

Essar Shipping Limited announced the appointment of Subramanian Raman as an Additional Non-Executive Independent Director and the re-appointment of Suresh Ramamirtham as a Non-Executive Independent Director, both effective September 1, 2026, subject to shareholder approval. The company also approved the sale of the Mobile Offshore Semi-Submersible Drilling Rig Essar WildCat, owned by its wholly-owned subsidiary Essar Shipping FZCO, Dubai, with an expected completion date of March 31, 2027. Additionally, Jayakumar will cease to be an Independent Director with effect from August 31, 2026, and the company will convene its 16th Annual General Meeting on September 30, 2026, via video conferencing.

Essar Shipping Limited announced that its board approved the appointment of Subramanian Raman as an additional non-executive independent director and the re-appointment of Suresh Ramamirtham as a non-executive independent director, both effective September 1, 2026, subject to shareholder approval. The board also approved the sale of the Mobile Offshore Semi-Submersible Drilling Rig Essar WildCat, owned by its wholly-owned subsidiary Essar Shipping FZCO, Dubai, with an expected completion date of March 31, 2027. Additionally, Jayakumar will cease to be an independent director with effect from August 31, 2026, following the completion of his five-year term.

Essar Shipping Limited announced that its board approved the appointment of Subramanian Raman as an additional non-executive independent director and the re-appointment of Suresh Ramamirtham as a non-executive independent director, both effective September 1, 2026, subject to shareholder approval. The board also approved the sale of the Mobile Offshore Semi-Submersible Drilling Rig Essar WildCat, owned by its wholly-owned subsidiary Essar Shipping FZCO, Dubai, with an expected completion date of March 31, 2027. Additionally, Jayakumar will cease to be an independent director with effect from August 31, 2026, following the completion of his five-year term.

Essar Shipping Limited announced that its board approved the appointment of Subramanian Raman as an additional non-executive independent director and the re-appointment of Suresh Ramamirtham as a non-executive independent director, both effective September 1, 2026, subject to shareholder approval. The board also approved the sale of the Mobile Offshore Semi-Submersible Drilling Rig Essar WildCat, owned by its wholly-owned subsidiary Essar Shipping FZCO, Dubai, with an expected completion date of March 31, 2027. Additionally, Jayakumar will cease to be an independent director with effect from August 31, 2026, following the completion of his five-year term.

Essar Shipping Limited will hold a board meeting on Wednesday, August 12, 2026, to consider and approve unaudited financial results (standalone & consolidated) along with a limited review report for the quarter ending June 30, 2026, according to a regulatory filing. The trading window for dealing in the company's securities will be closed for designated persons and their immediate relatives from July 1, 2026, to August 14, 2026, for the declaration of the unaudited financial results.

Net loss of Essar Shipping reported to Rs 35.57 crore in the quarter ended March 2026 as against net profit of Rs 12.78 crore during the previous quarter ended March 2025. Sales reported to Rs 0.04 crore in the quarter ended March 2026 as against Rs -143.16 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 112.06 crore in the year ended March 2026 as against net profit of Rs 660.08 crore during the previous year ended March 2025. Sales declined 82.65% to Rs 1.78 crore in the year ended March 2026 as against Rs 10.26 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales0.04-143.16 LP 1.7810.26 -83 OPM %-9050.0021.23 --897.75-482.65 - PBDT0.517.68 -93 -13.8987.01 PL PBT0.327.49 -96 -14.6786.25 PL NP-35.5712.78 PL -112.06660.08 PL Powered by Capital Market - Live

Essar Shipping will hold a meeting of the Board of Directors of the Company on 30 May 2026.

Essar Shipping has partially redeemed 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures aggregating to Rs 144.42 crore on 26 February 2026. Powered by Capital Market - Live

Net loss of Essar Shipping reported to Rs 88.20 crore in the quarter ended December 2025 as against net profit of Rs 39.70 crore during the previous quarter ended December 2024. Sales declined 98.70% to Rs 0.04 crore in the quarter ended December 2025 as against Rs 3.07 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales0.043.07 -99 OPM %-11175.00-267.43 - PBDT-21.0038.20 PL PBT-21.2038.01 PL NP-88.2039.70 PL Powered by Capital Market - Live

Essar Shipping will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live