Essar Shipping Limited
Incorporated in 2010, Essar Shipping Ltd is in the business of fleet operating and chartering activities and operates in international and coastal voyages
What Essar files
- Others48
- Updates13
- Board Meeting12
- Results5
- Important3
- Pledging3
Essar Shipping resubmitted Q1 consolidated results, correcting EPS from negative to ₹11.13 after an excel error. Consolidated profit hit ₹230.41 Cr, driven by a ₹258.02 Cr exceptional gain from impairment reversal. Going concern issues persist, and a fraud probe is ongoing.
Essar Shipping's board approved availing loans up to 10 Cr from third parties. This financing will support working capital, debt repayment, and general corporate needs.
Essar Shipping completed a partial redemption of Non-Convertible Debentures (NCDs), paying Rs 155.22 Cr, which included Rs 10.80 Cr in interest. This action has reduced the company's outstanding NCDs to 24,262,750 units, strengthening its debt position.
Essar Shipping completed the sale of its entire stake in DrillXplore Services. The company received Rs. 46,000/- for this disposal. This entity contributed nil to Essar Shipping's previous year's financials, indicating a minor asset divestment.
Essar Shipping Limited has made intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 to the Exchange that it has partially redeemed 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures