Outcome of Board Meeting

04.07.2026 Essar Shipping Limited Essar House 11, K. K. Marg To To Mahalaxmi The Manager The Manager Mumbai - 400 034 Listing Department Listing Department Maharashtra, India National Stock Exchange of India BSE Limited Corporate Identification Number Limited Phiroze Jeejeebhoy Towers L61200GJ2010PLC060285 5th Floor, Exchange Plaza BSE Limited T + 91 22 6660 1100 Plot No. C/1, G - Block Dalal Street, Fort F + 91 22 2354 4312 www.essar.com Bandra-Kurla Complex Mumbai – 400 001 Bandra East Maharashtra, India Mumbai – 400 051 BSE Scrip Code: 533704 Maharashtra, India NSE Code: ESSARSHPNG Dear Sir/s, Subject: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) - Inter-Corporate Loan from Abhinand Ventures Private Limited and/or Niwas Residential & Commercial Properties Private Limited Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we inform you that the Board of Directors of Essar Shipping Limited (the Company), at their Meeting held today i.e., on Saturday, July 4, 2026, has approved availing loan/s from Abhinand Ventures Private Limited and/or Niwas Residential & Commercial Properties Private Limited, (Non-Related Party/ies), for an amount of upto Rs. 10 Crore, repayable on demand, to meet working-capital requirements, repayment of various outstanding dues and to meet other day-to-day business activities and general corporate purposes. The Company is yet to enter into the loan agreements and the requisite disclosures under the Regulation 30 of the Listing Regulations readwith SEBI Circular No. CIR/ CFD /CMD/4/2015 dated September 9, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 would be disseminated on the Stock Exchanges once the agreement/s are executed. Kindly acknowledge the receipt of this corporate announcement on your records and oblige. Thanking You! 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