Reply to Clarification- Financial results

ESSAR’ SHIPPING Essar Shipping Limited Essar House 11 KK.Marg Mahalaxmi Mumbai- 400 034 Corporate Identification Date: 24.06.2025 Number L61200GJ2010PLC060285 T +91226660 1100 F +91222354 4312 ., Www.essar.com The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, 5t Floor, Plot C/1, G Block, Bandra- Kurla Complex, Mumbai — 400 051 NSE Code: ESSARSHPNG Dear Sir/Madam, Subject: NSE email dated June 20, 2025 With reference to your email dated June 20, 2025, we would like to submit our response as follows: Discrepancy: 1. Financial results not signed by authorized signatory/ies Our Reply: It is pertinent to note that the Financials of Essar Shipping Limited (herein referred as “the Company”) for the Quarter and year ended March 31, 2025 were signed by Mr. Rajesh Desai in the capacity of Executive Director of the Company on 29" May, 2025. Further, the financials of the Company signed by Mr. Rajesh Desai, Director of the Company are duly authorized by the Board of Directors. (Copy of Resolution enclosed marked as Annexure A) Discrepancy: 2. Financial results submitted in XBRL with discrepancies Mismatch in PAT figures of Consolidated in PDF and XBRL. Our Reply: We would like to bring to your kind attention that the Profit After Tax (PAT) figure mentioned in the PDF file under the consolidated financial results for the quarter ended 31.03.2025 is ¥12.78 crore. However, in the XBRL utility, it is appearing as ¥12.76 crore. Essar Shipping Limited Registered Office: EBTSL Premises, ER-2 Building (Admn Bldg), Salaya, 44 KM, P.0. Box No.7, Taluka Khambalia, Devbhumi Dwarka,Gujarat-361305 T +91 2833 661444 F +91 2833661366 EmailI d: esl.secretarial@essarshipping.co.in STEEL | ENERGY | INFRASTRUC| TSEURRVIECE S ESSAR’ SHIPPING This discrepancy is merely a casting error. We confirm that all other figures across the various tabs in the financial results sheet are in line with the PDF file. To address these, we have made the necessary adjustments under the line item "Other Expenses" (Row No. 29), and the revised figures have been uploaded in the XBRL tab on the NEAPS portal accordingly. Request you to kindly acknowledge the same. In case of discrepancy please call the undersigned. Yours faithfully, For Essar Shipping Bharat Modi ~¥"/ Company Secretary & Compliance Officer M.No: A67152 Encl: Ala Essar Shipping Limited Registered Office: EBTSL Premises, ER-2 Building (Admn Bldg), Salaya, 44 KM, P.O. Box No.7, Taluka Khambalia, Devbhumi Dwarka,Gujarat-361305 T +91 2833 661444 F +91 2833661366 Email Id: esl.secretarial@essarshipping.co.in STEEL | ENERGY | INFRASTRUC| TSEURRVIECE S ESSAR’ SHIPPING ANNEXURE A CERTIFED TRUE COPY OF RESOLUTIONS PASSED BY THE BOARD OF DIRECTORS OF ESSAR SHIPPING LIMITED IN ITS 104™ BOARD MEETING HELD ON THURSDAY, 29™ MAY 2025 AT 04:31 PM THROUGH VIDEO CONFERENCING VENUE RECORDED AS ESSAR HOUSE 11, K.K. MARG MAHALAXMI MUMBAI- 400034 Authorisation to sign audited financial results (Standalone and consolidated of the company for the quarter/financial year ended 2024-25) RESOLVED THAT the consent of the board be and is hereby accorded to authorized Mr. Rajesh Desai, Director of the company to sign audited financial results (Standalone and consolidated) of the company for the quarter/financial year ended March 2024-25 as may be necessary or requisite for the purpose of filing the financials with stock exchanges. RESOLVED FURTHER THAT any one of the directors and/or company secretary of the company be and is hereby authorized to do all the acts, deeds, things & matters as may be necessary and expedient in order to give effect to the foregoing resolution. Certified True Copy For Essar Shipping Limite Bharat Modi & Company Secretary & fiance Officer M.No: A67152 Essar Shipping Limited Registered Office: EBTSL Premises, ER-2 Building (Admn Bldg), Salaya, 44 KM, P.0. Box No.7, Taluka Khambalia, Devbhumi Dwarka,Gujarat-361305 T +01 2833 661444 F +91 2833661366 Email Id: esl.secretarial@essarshipping.co.in STEEL | ENERGY | INFRASTRUC| TSEURRVIECE S