Essar Shipping Share Price Today

Essar Shipping AGM approves subsidiary disinvestment and asset sales

Shareholders approved disinvestment of Essar Shipping DMCC and OGD Services Holdings. Overseas subsidiaries reported negative net worth of ₹705.48 crore and ₹459.72 crore respectively. Sales of Essar Wildcat rig and Tug III approved, completion expected within one year. Minority shareholders cast ~10.5% votes against restructuring resolutions.

Essar Shipping AGM to approve subsidiary sales, director appointments

Essar Shipping Limited scheduled its 16th AGM for September 30, 2026. Shareholders to approve sale of stakes in Essar Shipping DMCC and OGD Services Holdings. Proceeds from subsidiary sales designated for redemption of Non-Convertible Debentures. Standalone net profit rose to ₹553.12 crore in FY26, driven by exceptional items. Revenue from operations fell to ₹4.33 crore following termination of management agreements.

Essar Shipping approves Essar WildCat rig sale, director changes

Essar Shipping approved the sale of drilling rig Essar WildCat, expected to complete by March 31, 2027. Mr. Subramanian Raman appointed as additional independent director; Mr. Suresh Ramamirtham re-appointed. Mr. Jayakumar retires as independent director after completing his five-year term. The 16th AGM is scheduled for September 30, 2026, with book closure from September 24 to 30.

Essar Shipping Q1FY27 Results: EPS corrected to ₹11.13, going concern flagged

Essar Shipping corrected Q1FY27 EPS from a loss of ₹11.13 to a profit of ₹11.13 due to clerical errors. Consolidated profit after tax stood at ₹230.41 crore, driven by a ₹258.02 crore exceptional gain. Auditors flagged a material uncertainty regarding going concern due to ₹4,816.25 crore accumulated losses. Operating revenue remained minimal at ₹0.31 crore, highlighting reliance on non-operational income.

Essar Shipping discloses promoter share status for FY26

Essar Shipping Limited filed a yearly disclosure for FY26 confirming no encumbrance on promoter shares. Imperial Consultants and Securities Limited announced its exit from the promoter group after being acquired by CITOC Ventures Private Limited via an NCLT order.

Essar Shipping FY26 profit rises to ₹552.73 crore on exceptional gains

Essar Shipping Limited reported a net profit of ₹552.73 crore for FY26, driven by exceptional income of ₹606.28 crore, despite a decline in operational income. The company's net worth improved by ₹553 crore, though accumulated losses persist, prompting a going concern qualification from auditors.