With reference to your communication regarding the discrepancy observed in the Corporate Announcement pertaining to the Outcome of the Board Meeting held on Monday, August 31, 2026, we ....

Essar Shipping Limited Essar House 11, K. K. Marg Mahalaxmi Mumbai - 400 034 Maharashtra, India Corporate Identification Number L61200GJ2010PLC060285 T + 91 22 6660 1100 F + 91 22 2354 4312 www.essar.com September 02, 2026 The Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers BSE Limited Dalal Street, Fort Mumbai – 400 001 Maharashtra, India BSE Scrip Code: 533704 Dear Sir/Madam, Subject: Revised Outcome of Board Meeting held on Monday, August 31, 2026 With reference to your communication regarding the discrepancy observed in the Corporate Announcement pertaining to the Outcome of the Board Meeting held on Monday, August 31, 2026, and in continuation of the disclosure made by the Company on August 31, 2026, we hereby submit the revised Outcome incorporating the commencement and conclusion time of the Board Meeting. Pursuant to Regulation 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), we, Essar Shipping Limited (the Company), inform that the Board of Directors, at their Meeting held today i.e., on Monday, August 31, 2026, approved inter-alia following: 1. Based on the recommendations of the Nomination and Remuneration Committee, the Board has approved the appointment of Mr. Subramanian Raman (DIN: 11920269) as an Additional Non-Executive Independent Director on the Board of the Company with effect from 01.09.2026; 2. Based on the recommendations of the Nomination and Remuneration Committee, the Board has approved the re-appointment of Mr. Suresh Ramamirtham (DIN: 09299459) as a Non- Executive Independent Director on the Board of the Company with effect from 01.09.2026, subject to approval from Shareholders; 3. Based on the recommendation of the Audit Committee and subject to the approval of the shareholders, the Board has approved the Sale of Asset: Mobile Offshore Semi-Submersible Drilling Rig Essar WildCat, owned by Essar Shipping FZCO, Dubai (formerly Essar Shipping DMCC), (Whollyowned Subsidiary); 4. Board of Directors of the company has approved to convene the 16th Annual General Meeting of the company on September 30, 2026 through video conferencing (VC)/ other audio visual means (OAVM) in accordance with the applicable provisions of the Companies Act, 2013 read with MCA General Circular No. 20/2020, 14/2020, 17/2020, 20/2021, 03/2022 and 11/2022 dated May 5, 2020, April 8, 2020, April 13, 2020, December 8, 2021, May 5, Essa r Shipping Limited: STEEL | ENERGY | INFRASTRUCTURE | SERVICES 2022 and December 28, 2022 and 09/2023 dated September 25, 2023 and 09/2024 dated September 19, 2024 and 09/2025 dated September 22 2025(collectively “MCA Circulars”), issued by the Ministry of Corporate Affairs, Government of India respectively; 5. Board has fixed the Book Closure Period of Register of Members and Share Transfer Books and Cut-Off Date for determining the eligibility and entitlement for the purpose of the 16th Annual General Meeting as follows: # Particulars Date 1. Cut-Off Date September 23, 2026 2. Register of Members and Share From September 24, 2026 to September 30, 2026 Transfer Book Closure Period (both days inclusive) Further we would like to inform you that Mr. Jayakumar (DIN: 09300654) shall cease to be an Independent Director w.e.f., the close of business hours of 31.08.2026, consequent to end of his 5 (Five) Year Term. The Board of Directors of the Company has placed on record its appreciation for the valuable contributions and guidance provided by Mr. Jayakumar during his tenure. Further, the detailed disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/ CFD /CMD/4/2015 dated September 9, 2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as Annexure-A. Further, the detailed disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/ HO/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure-B, to this Letter. The meeting commenced at 4.30 p.m. and concluded at 8.00 p.m. This is for your information and records. Yours Sincerely For Essar Shipping Limited Habib Jan Company Secretary & Compliance Officer | A22801 Essa r Shipping Limited: STEEL | ENERGY | INFRASTRUCTURE | SERVICES Annexure-A Details as required under Regulation 30(6) read with Schedule III- Part A of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ('SEBI Circular") # Details of events Information of such event (s) that needs to be provided 1. Name Mr. Subramanian Mr. Suresh Mr. Jayakumar Raman Ramamirtham 2. Reason for change Appointment Appointment Retirement viz., appointment, resignation, removal, death or otherwise completion of their terms; 3. Date of 31.08.2026 01.09.2026 31.08.2026 appointment & Cessation (as applicable) & Terms of Appointment 4. Brief Profile Mr. Subramanian Mr. Suresh Not Applicable Raman holds a Degree Ramamirtham in Bachelor of Arts, worked with from Madras ESSAR group of University. He has companies for 40 extensive experience years in: Oil, Ports, spanning over 40 and Shipping, Years in dealing with Constructions and secretarial mSaottlearrs , cboumsinpelisasn. ceHsi, sm erger & amalgamation and handing investor relationships. He has handled many overseas and domestic merger & acquisitions and demerger activities while in service. He is an avid performer of Classical Carnatic Music and devoting his time in contributing to society at large. He retired as Joint- areas of expertise General Manager, i from Essar, in 2018. ncluded: Marketing, Operations, HR, and Finance. Mr. Suresh Ramamirtham is an MBA and has various certification in oil and Shipping fields including from Essar Oil as a Petroleum Trader and IOC trained LPG courses. 5. Disclosure of Not Applicable Not Applicable Not Applicable relatio nships between directors 6. Information as Not Applicable Not Applicable Not Applicable required pursuant to BSE Circular #. LIST/ COMP/ 1412018-19 and Circular #. NSE/ CMU2018124 dated 20 June 2018 7. Letter of Not Applicable Not Applicable Not Applicable (since Resignation along the term as Independent with detailed reason Director for resignation has come to an end). Essa r Shipping Limited: STEEL | ENERGY | INFRASTRUCTURE | SERVICES 8. Names of listed Not Applicable Not Applicable Not Applicable entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any 9. The independent Not Applicable Not Applicable Not Applicable (since director shall, the term as Independent along with the Director has come to an detailed reasons, end). also provide a confirmation that there is no other material reasons other than those provided. Essa r Shipping Limited: STEEL | ENERGY | INFRASTRUCTURE | SERVICES Annexure-B The details as required under Regulation 30 of the Listing Regulations read with, SEBI Circular No. SEBI/ HO/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: # Details Required Essar Shipping FZCO, Dubai (formerly Essar Shipping DMCC) - Mobile Offshore Semi- Submersible Drilling Rig Essar WildCat, 1. The amount and percentage of the turnover or Nil revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year 2. Dat e on which the agreement for sale has Not Applicable been entered into 3. Exp ected date of completion of sale/disposal 31.03.2027 4. Con sideration received from such Not Applicable sale/disposal 5. Brie f details of buyers and whether any of Not Applicable the buyers belong to the promoter/ promoter group/ group companies. If yes, details thereof 6. Wh ether the transaction would fall within Not Applicable related party transactions? If yes, whether the same is done at “ [Showing first 8,000 characters — download PDF for full document]