- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
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Essar Shipping has announced a board meeting on May 29, 2025, approving the financial results for the quarter and half-year. The consolidated profit stood at ₹656.57 crore, largely boosted by a one-time settlement gain of ₹621.78 crore. Despite this, the group still wrestles with eroded net worth, ongoing losses, and higher current liabilities than assets. Strategically, the company completed a partial stake sale in a foreign subsidiary, raising ₹443.21 crore, while working on debt resolution for a liquidating subsidiary. The board also brought in new statutory and secretarial auditors and added two directors with strong finance and leadership backgrounds.