Essar Shipping
28.23
+1.08(+3.98%)
Market Cap₹584.29 Cr
PE Ratio-8.82
Company Performance:
1D+3.98%
1M+22.31%
6M-6.21%
1Y+1.99%
5Y+259.62%
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More news about Essar Shipping
13Dec 25
Essar Shipping Announces Strategic Acquisition to Expand Fleet Capacity
Essar Shipping has announced the acquisition of a strategic shipping firm to significantly expand its fleet capacity and strengthen its position in the maritime sector. The deal, expected to close by Q2 2024, aims to enhance Essar Shipping's operational capabilities and market reach. While specific financial terms and the identity of the target company remain undisclosed, this acquisition aligns with Essar Shipping's growth strategy and long-term objectives in the shipping industry.
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09Dec 25
Essar Shipping Mauritius Holdings to Acquire 10.34% Stake from Promoter Group Entity
Essar Shipping Mauritius Holdings Limited (ESMHL) plans to acquire a 10.34% equity stake in Essar Shipping Limited (ESL) from IDH International Drilling Holdco Limited, another promoter group entity. The transaction, priced at Rs. 35.25 per share, is structured as an inter-se transfer among promoter group entities, exempting it from SEBI's open offer requirements. Both parties are expected to comply with applicable disclosure requirements under Takeover Regulations.
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06Sept 25
Essar Shipping Shareholders Approve Divestment of Overseas Subsidiaries
Essar Shipping Limited shareholders approved the divestment of overseas direct investments and sale of shares in wholly-owned subsidiaries Energy II Limited, Essar Shipping DMCC, and OGD Services Holdings Limited during the 13th AGM. Ms. Raichel Mathew was re-appointed as a Non-Executive Director. The restructuring move signals a potential shift in the company's strategic focus, possibly aimed at streamlining operations or reallocating resources.
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28Aug 25
Essar Shipping Announces Key Leadership Changes in Company Secretary Role
Essar Shipping Limited has announced key leadership changes. Bharat Modi has resigned as Company Secretary and Compliance Officer, effective August 28, 2025, citing personal reasons. Habib Jan, with over 20 years of experience in secretarial, compliance, and finance, will take over the role starting August 29, 2025. Jan brings extensive expertise in corporate law, project financing, and fund-raising activities. Additionally, Ketan Shah has ceased to be a Non-Executive Additional Director due to lack of shareholder approval within the required timeframe.
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14Aug 25
Essar Shipping Under SFIO Scrutiny Amid Financial Challenges
Essar Shipping received a notice from SFIO initiating an investigation into its affairs. Despite this, the company reported improved Q2 results with total income rising to ₹52.03 crore and a profit of ₹41.67 crore. The company sold its stake in a foreign subsidiary, recognizing a profit of ₹47.70 crore. However, Essar Shipping still faces challenges with eroded net worth and current liabilities exceeding current assets. Management is pursuing measures to improve the company's financial position, including plans to charter its Tug vessel.
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22Jul 25
Essar Shipping's Non-Executive Director Srinivasan Vaidyanathan Resigns Due to Personal Commitments
Essar Shipping Limited announced the resignation of Non-Executive Director Srinivasan Vaidyanathan, effective July 21, 2025. Vaidyanathan, who served as an Additional Director, cited personal reasons and other commitments for his departure. The company accepted his resignation and reported it to stock exchanges in compliance with SEBI regulations. No other material reasons were provided for the resignation.
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Essar Shipping
28.23
+1.08
(+3.98%)
1 Year Returns:+1.99%
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