Essar Shipping Appoints New Director, Approves Asset Sale

Essar Shipping Limited announced several key decisions from its Board of Directors meeting held on August 31, 2026. The board approved the appointment of Mr. Subramanian Raman as an Additional Non-Executive Independent Director and the re-appointment of Mr. Suresh Ramamirtham as a Non-Executive Independent Director, both effective September 1, 2026, subject to shareholder approval. Additionally, the company approved the sale of its asset, the Mobile Offshore Semi-Submersible Drilling Rig Essar WildCat, owned by its wholly-owned subsidiary Essar Shipping FZCO, Dubai. The 16th Annual General Meeting is scheduled for September 30, 2026, with book closure from September 24 to September 30, 2026. Mr. Jayakumar will cease to be an Independent Director on August 31, 2026, upon completion of his term.