Essar Shipping Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Essar Shipping's board has approved the consolidated financial results for the quarter ended June 30, 2025. The company reported a consolidated profit after tax of ₹27.36 Cr. This includes a significant ₹47.70 Cr profit from the sale of a foreign subsidiary stake, with ₹71.88 Cr received. While the company acknowledges concerns about its ability to continue as a going concern due to past losses, management is actively working to improve its financial position. Plans include chartering its tug vessel and starting Wild Cat Rig operations by FY25-26 to generate steady revenue. Negotiations are also ongoing for a One Time Settlement for a subsidiary's debt.