Essar Shipping
25.62
+2.07(+8.79%)
Market Cap₹530.27 Cr
PE Ratio-7.65
Company Performance:
1D+8.79%
1M-6.77%
6M+3.26%
1Y+16.09%
5Y+165.49%
View Company Insightsright
More news about Essar Shipping
20Sept 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.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
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.
 no imag found
Essar Shipping
25.62
+2.07
(+8.79%)
1 Year Returns:+16.09%
Industry Peers
Seamec
1,322.10
(-0.84%)
Essar Shipping
25.62
(+8.79%)
ABS Marine Services
171.00
(+3.17%)
Sadhav Shipping
106.00
(+0.43%)
Chowgule Steamships
19.77
(+6.81%)