Essar Shipping Limited has submitted its quarterly compliance certificate to stock exchanges, confirming adherence to dematerialization regulations for the quarter ended March 31, 2026. The filing demonstrates the company's commitment to maintaining regulatory compliance in securities handling processes.

Regulatory Compliance Certificate

The certificate was filed pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates companies to provide quarterly confirmations regarding the proper handling of securities received for dematerialization.

Certificate Details and Process Confirmation

The certificate issued by Data Software Research Co. Pvt. Ltd., the company's Registrar and Transfer Agent, confirms several critical compliance aspects. The RTA certified that all securities received for dematerialization during the quarter were processed within the mandatory 15-day timeframe as required by regulations.

Key confirmations included in the certificate:

• Securities comprised in the certificates have been listed on stock exchanges
• Physical certificates were mutilated and cancelled after due verification
• Depository names were substituted in company records as registered owners
• All dematerialization requests were confirmed within regulatory timelines

Stock Exchange Communication

The compliance certificate was simultaneously submitted to both BSE Limited and National Stock Exchange of India Limited. The communication was signed by Habib Jan, Company Secretary & Compliance Officer, ensuring proper authorization and accountability for the regulatory filing.

Corporate Information

Essar Shipping Limited, incorporated with CIN L61200GJ2010PLC060285, maintains its corporate office at Essar House, 11 K.K. Marg, Mahalaxmi, Mumbai. The company's securities are listed on both BSE and NSE, requiring regular compliance with depositories and stock exchange regulations.

This quarterly filing represents part of the company's ongoing regulatory obligations, ensuring transparency in securities handling and maintaining investor confidence through proper documentation of dematerialization processes.

Essar shipping Limited has completed a partial redemption of its 1% secured non-convertible debentures worth Rs. 1,444.20 crores on February 26, 2026. The company informed stock exchanges about this corporate action under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Debenture Redemption Details

The redemption involved 1% secured, redeemable, unlisted, unrated, non-convertible debentures with a face value of Rs. 100 each, fully paid-up. These debentures were originally issued to Abhinand Ventures Private Limited in accordance with the terms of issue.

Financial Impact and Payment Details

The total amount paid on redemption was Rs. 1,552,247,922, which included both principal and interest components. The interest payment amounted to Rs. 108,047,922, with no premium paid on the redemption.

Outstanding Debentures

Following this partial redemption, Essar Shipping Limited has 24,262,750 NCDs remaining outstanding. The company had previously undertaken redemptions, with the last redemption occurring on January 30, 2026. The current redemption was not pursuant to maturity or early redemption/buyback/call option, and the company indicated no impact on its capital structure.

Regulatory Compliance

The intimation was made to both BSE Limited (Scrip Code: 533704) and National Stock Exchange of India Limited (NSE Code: ESSARSHPNG) as required under SEBI regulations. The disclosure included detailed information pursuant to SEBI Circular dated November 11, 2024, ensuring full transparency regarding the debenture redemption process.