Essar Shipping Board Approves Director Appointments & Asset Sale

Essar Shipping Limited's Board of Directors convened on August 31, 2026, approving key appointments and a significant asset sale. Mr. Subramanian Raman was appointed as an Additional Non-Executive Independent Director, and Mr. Suresh Ramamirtham was re-appointed as a Non-Executive Independent Director, both effective September 1, 2026. The Board also approved the sale of the Mobile Offshore Semi-Submersible Drilling Rig Essar WildCat, owned by its wholly-owned subsidiary in 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.