Essex marine Limited has announced a strategic transformation of its cold chain operations, transitioning from a rental-based storage model to integrated logistics services under the DE SENS COLDSTORE brand. The company made this announcement through a press release dated February 24, 2026, filed under Regulation 30 of SEBI listing requirements.

Strategic Business Transformation

The seafood processing and exporting company has been operating its cold storage facility under the DE SENS COLDSTORE brand on a rental basis to various frozen product companies, with cold chain logistics requirements previously serviced through third-party providers. The new integrated model represents a significant shift in business strategy, positioning Essex Marine as a comprehensive cold chain solutions provider.

Fleet Development and Infrastructure

As part of the initial implementation phase, Essex Marine has outlined specific fleet expansion plans to support its integrated operations. The company's infrastructure development strategy includes both leased and owned vehicles to establish operational capabilities.

The company has engaged an experienced operations team from Logistore to provide operational expertise and manpower support, while maintaining sole ownership, branding, commercial responsibility, and overall control of the operations.

Regional Expansion Strategy

Essex Marine has announced plans to expand its cold chain logistics operations into the North-Eastern region of India. The phased regional expansion will commence with Siliguri, followed by Guwahati, as part of efforts to strengthen the company's regional distribution footprint.

The strategic transformation is expected to deliver multiple benefits:

• Enhanced logistics-driven revenues within the next financial year
• Improved operational efficiencies across the supply chain
• Positioning DE SENS COLDSTORE as a comprehensive cold chain solutions provider

Company Background

Essex Marine Limited operates as an integrated player across the processed frozen fish and shrimp supply chain, covering raw material procurement, processing, and overseas distribution. The company exports frozen fish and shrimp from India under the "Essex" brand name to markets including China, Europe, and Israel. With over 16 years of experience in fish and shrimp processing, Essex Marine operates a centrally located dry and cold store facility in Kolkata for storing varieties of frozen food items.

The transition to integrated cold chain logistics represents a natural evolution of the company's existing infrastructure and expertise in frozen food storage and distribution, potentially creating new revenue streams while leveraging existing operational capabilities.

Source: None/Company/INE1IBY01019/6a011d70-3af5-40c2-97db-452ceb4789ee.pdf

Essex Marine Limited has issued a formal clarification to BSE Limited regarding significant movement in its share price, stating that the company is unaware of specific reasons behind the price fluctuations. The clarification was submitted on February 18, 2026, in response to queries from the stock exchange.

Company's Position on Price Movement

In its communication to BSE, Essex Marine Limited emphasized that it has consistently disclosed all material information that could impact the company's operations and performance. The company confirmed its adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring all necessary disclosures are made within stipulated timeframes.

Management Statement

The company's management, led by Managing Director Debashish Sen, clarified that they are not aware of any specific reasons for the significant share price movement. The management emphasized that the price movement appears to be purely market-driven and that the company's management is not connected with the share price fluctuations.

Regulatory Compliance Commitment

Essex Marine Limited reiterated its commitment to maintaining transparency and regulatory compliance. The company assured stakeholders that it will continue to adhere to all requirements under the Listing Regulations and other applicable laws. This includes timely disclosure of material information that could affect the company's operations or performance.

Key Highlights

The clarification document highlighted several important aspects:

• Consistent disclosure of material information affecting company operations
• Compliance with SEBI Listing Regulations within stipulated timeframes
• No management involvement in share price movements
• Commitment to continued regulatory adherence

The formal clarification was digitally signed by Managing Director Debashish Sen (DIN: 02591346) and submitted to BSE Limited for record purposes, demonstrating the company's commitment to transparent communication with regulatory authorities and stakeholders.