ESSAR SHIPPING LTD.

Essar Shipping Limited's Board of Directors, in a meeting held on August 12, 2026, approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with Limited Review Reports from Manohar Chowdhry & Associates. Additionally, the Board approved the sale of the asset 'Essar Tug III', subject to shareholder approval. The sale details indicate a potential completion by March 31, 2027, with no immediate consideration received. The financial results highlight a material uncertainty regarding the company's ability to continue as a going concern due to eroded net worth and accumulated losses, though management has implemented measures to improve liquidity.

Essar Shipping Limited's Board of Directors met on August 12, 2026, to approve the Un-Audited Financial Results (Standalone and Consolidated) for the Quarter Ended June 30, 2026, along with Limited Review Reports. The Board also approved the sale of the asset 'Essar Tug III', owned by the company. The sale is expected to be completed by March 31, 2027, with no consideration received at this stage. Detailed disclosures regarding the asset sale have been provided as per SEBI regulations.

Essar Shipping Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda item is to consider and approve the unaudited financial results for the quarter ending June 30, 2026, both on a standalone and consolidated basis, along with the limited review report. Concurrently, the company has implemented a trading window closure for designated persons and their immediate relatives from July 1, 2026, to August 14, 2026, to prevent insider trading during the financial results announcement period.

Essar Shipping Ltd's Board of Directors has approved availing loans up to ₹10 Crore from Abhinand Ventures Private Limited and/or Niwas Residential & Commercial Properties Private Limited. These funds are intended to meet working capital requirements, repay outstanding dues, and support general corporate purposes. The loan is repayable on demand. Loan agreements are yet to be executed, and further disclosures will be made upon execution.

Essar Shipping Limited's Board of Directors has approved availing inter-corporate loans up to ₹10 Crore from Abhinand Ventures Private Limited and/or Niwas Residential & Commercial Properties Private Limited. These funds will be utilized for working capital requirements, repayment of outstanding dues, and general corporate purposes. The loans are repayable on demand. Loan agreements are yet to be executed, and further disclosures will be made upon their finalization.

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.