News Corporate Actions Essar Shipping Limited Partially Redeems Rs. 1,444.20 Crore Non-Convertible DebenturesEssar Shipping Limited Partially Redeems Rs. 1,444.20 Crore Non-Convertible Debentures
Essar Shipping Limited partially redeemed 1% secured non-convertible debentures worth Rs. 1,444.20 crores on February 26, 2026, involving 14,442,000 debentures with face value of Rs. 100 each. The total payment including interest amounted to Rs. 1,552.25 crores to Abhinand Ventures Private Limited. Following this redemption, 24,262,750 NCDs remain outstanding, with the company maintaining regulatory compliance under SEBI disclosure requirements.
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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.
| Parameter: | Details |
|---|---|
| Type of Security: | 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures |
| Face Value: | Rs. 100 Each, Fully-Paid-Up |
| Number of Debentures Redeemed: | 14,442,000 |
| Value of Debentures Redeemed: | Rs. 1,444,200,000 |
| Redemption Date: | February 26, 2026 |
| Redemption Type: | Partial |
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.
| Financial Component: | Amount (Rs.) |
|---|---|
| Principal Amount: | 1,444,200,000 |
| Interest Paid: | 108,047,922 |
| Premium Paid: | Nil |
| Total Payment: | 1,552,247,922 |
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.
Historical Stock Returns for Essar Shipping
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.46% | -6.18% | +11.21% | +8.73% | +3.95% | +183.41% |
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