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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 will hold a meeting of the Board of Directors of the Company on 12 August 2026.

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 News