ESSAR SHIPPING LTD.

Essar Shipping Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and relevant BSE and NSE circulars. It applies to designated persons, their immediate relatives, and other insiders. The specific date for the board meeting to consider these financial results will be communicated later.

Essar Shipping Ltd. announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board Meeting on May 30, 2026. The board approved the financial results and the appointment of M/s. Shyam Malpani & Co as the Internal Auditors for the Financial Year 2026-2027, based on the Audit Committee's recommendation. The Statutory Auditors, Manohar Chowdhry & Associates, Chartered Accountants, submitted an audit report with an unmodified opinion.

Essar Shipping Ltd has appointed M/s. Shyam Malpani & Co, Chartered Accountants, as the Internal Auditors for the Financial Year 2026-2027, based on the recommendation of the Audit Committee. The appointment was approved at the Board of Directors meeting held on May 30, 2026. The board also approved the audited financial results for the quarter and financial year ended March 31, 2026.

Essar Shipping Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, following the recommendation of the Audit Committee. The board also approved the appointment of M/s. Shyam Malpani & Co as the Internal Auditors for the Financial Year 2026-2027. The decisions were made during the Board Meeting held on May 30, 2026.

Essar Shipping Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The trading window for designated persons has been closed since April 1, 2026, and will remain closed until 48 hours after the board meeting outcome is made public.

Essar Shipping Ltd has announced the closure of its trading window for designated persons, their immediate relatives, and other insiders as per the SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure will be in effect from April 1, 2026, until 48 hours after the declaration of the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The date of the board meeting to consider these financial results will be informed in due course.

Essar Shipping Limited has partially redeemed 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs) worth Rs. 1,444,200,000 issued to Abhinand Ventures Private Limited. The redemption was made in accordance with the terms of issue on February 26, 2026. The total amount paid on redemption, including principal and interest, was Rs. 1,552,247,922. As of now, 24,262,750 NCDs are still outstanding.

Essar Shipping Ltd has completed the sale of its entire stake in DrillXplore Services Private Limited for a consideration of Rs. 46,000/-. The agreement for sale was entered into on a date prior to the disclosure, and the sale was completed on February 25, 2026. The sale does not involve any promoter/promoter group/group companies and is not a slump sale or part of a scheme of arrangement. The sale does not fall within related party transactions.

Essar Shipping Ltd. announced its Q3 results for the year ended December 31, 2025, along with the Limited Review Report. The company's Board of Directors approved the sale of investments in DrillXplore Services Private Limited. The company's net worth has improved during the quarter, and it has a plan to monetize investments and realize contractual receivables to repay outstanding loans, making the company debt-free and improving its financial position.

Essar Shipping Limited has announced its unaudited financial results for the quarter ended on 31st December, 2025. The company's board of directors approved the standalone and consolidated unaudited financial results, along with the limited review report. The board also approved the sale of investments in DrillXplore Services Private Limited. The sale is expected to be completed by 28th February, 2026, for a consideration of Rs. 46,000. The company's net worth has improved during the quarter, and it plans to execute the monetization of investments and realize contractual receivables to repay outstanding loans, which will make the company debt-free.