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 ....

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 August 12, 2026 To To The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza BSE Limited Plot No. C/1, G - Block Dalal Street, Fort Bandra-Kurla Complex Mumbai – 400 001 Bandra East Maharashtra, India Mumbai – 400 051 BSE Scrip Code: 533704 Maharashtra, India NSE Code: ESSARSHPNG Dear Sir/Madam, Subject: Outcome of Board Meeting held on Wednesday, August 12, 2026 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 you that the Board of Directors, at their Meeting held today i.e., on Wednesday, August 12, 2026, approved inter-alia following: 1. Based on the recommendation of the Audit Committee, the Board has approved the Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter Ended 30.06.2026, alongwith Limited Review Reports (the Results); A copy of the said Results is enclosed herewith alongwith the Limited Review Reports submitted by Statutory Auditors i.e., Manohar Chowdhry & Associates, Chartered Accountants 2. Based on the recommendation of the Audit Committee and subject to the approval of the shareholders, the Board has approved the Sale of Asset: Essar Tug III, owned by Essar Shipping Limited; Further, the detailed disclosure as required under Regulation 30 of the Listing Regulations readwith SEBI Circular No. SEBI/ HO/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure-I, to this Letter. The Meeting of Board of Directors of Essar Shipping Limited, commenced at 3:40 p.m., and concluded at 5:30 p.m., This is for your information and records. Yours Sincerely For Essar Shipping Limited Habib Jan Company Secretary & Compliance Officer | A22801 Essar Shipping Limited: Registered Office: EBTSL Premises, ER-2 Building (Admn. Building), Salaya 44 KM, P.B. No 7, Taluka Khambhalia, Devbhumi Dwarka, Jamnagar, Khambhalia – 361 305, Gujarat, India T +91 2833 661444 F +91 2833 661366 Email Id: esl.secretarial@essarshipping.co.in STEEL | ENERGY | INFRASTRUCTURE | SERVICES Annexure - I 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 Tug III 1. The amount and percentage of the 100% turnover or 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. Date on which the agreement for sale proposed has been entered into 3. Expected date of completion of On or before 31.03.2027 sale/disposal 4. Consideration received from such NIL sale/disposal 5. Brief details of buyers and whether any NA of the buyers belong to the promoter/ promoter group/ group companies. If yes, details thereof 6. Whether the transaction would fall No within related party transactions? If yes, whether the same is done at “arm’s length 7. Whether the sale, lease or disposal of NA the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations 8. Additionally, in case of a slump sale, NA indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale Essar Shipping Limited: Registered Office: EBTSL Premises, ER-2 Building (Admn. Building), Salaya 44 KM, P.B. No 7, Taluka Khambhalia, Devbhumi Dwarka, Jamnagar, Khambhalia – 361 305, Gujarat, India T +91 2833 661444 F +91 2833 661366 Email Id: esl.secretarial@essarshipping.co.in STEEL | ENERGY | INFRASTRUCTURE | SERVICES