Essar Shipping Ltd

Essar Shipping Limited will hold a board meeting on Wednesday, November 04, 2026, to consider and approve unaudited financial results (standalone & consolidated) along with a limited review report for the quarter and half-year ending September 30, 2026, according to a regulatory filing. The trading window for the company's securities has been closed since October 01, 2026, and will remain so for 48 hours after the financial results are made public.

Essar Shipping Limited announced at its 16th Annual General Meeting on September 30, 2026, that it approved the disinvestment of its overseas wholly-owned subsidiaries, Essar Shipping DMCC in the U.A.E. and OGD Services Holdings Limited in Mauritius, and the sale of assets including the Semisubmersible Rig – Essar Wildcat – owned by Essar Shipping DMCC and Tug III owned by Essar Shipping Limited. The company also appointed Mr. Subramanian Raman and re-appointed Mr. Suresh Ramamirtham as Independent Directors, while Mr. Rajesh Dhirubhai Desai retired by rotation and was re-appointed. The transactions, expected to be completed within one year, will be conducted at fair market value subject to valuation reports, and may involve Essar Investment Holdings Mauritius Limited or other Essar group entities.

Essar Shipping Limited announced at its 16th Annual General Meeting on September 30, 2026, that it approved the disinvestment of its overseas wholly-owned subsidiaries, Essar Shipping DMCC in the U.A.E. and OGD Services Holdings Limited in Mauritius, and the sale of assets including the Semisubmersible Rig – Essar Wildcat – owned by Essar Shipping DMCC and Tug III owned by Essar Shipping Limited. The company also appointed Mr. Subramanian Raman and re-appointed Mr. Suresh Ramamirtham as Independent Directors, while Mr. Rajesh Dhirubhai Desai retired by rotation and was re-appointed. The transactions, expected to be completed within one year, will be conducted at fair market value subject to valuation reports, and may involve Essar Investment Holdings Mauritius Limited or other Essar group entities.

Essar Shipping Limited will close its trading window for designated persons, their immediate relatives, and other insiders from October 1, 2026, until 48 hours after the declaration of the company’s unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and circulars issued by the BSE Limited and National Stock Exchange of India Limited.

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