Outcome of Board Meeting

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 31, 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 Monday, August 31, 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 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, 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; 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 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. 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-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 that needs to Information of such event (s) be provided 1. Name Mr. Subramanian Raman Mr. Suresh Ramamirtham Mr. Jayakumar 2. Reason for change viz., Appointment Appointment Retirement appointment, resignation, removal, death or otherwise completion of their terms; 3. Date of appointment & 31.08.2026 01.09.2026 31.08.2026 Cessation (as applicable) & Terms of Appointment 4. Brief Profile Mr. Subramanian Raman holds Mr. Suresh Ramamirtham Not Applicable a Degree in Bachelor of Arts, worked with ESSAR group from Madras University. He has of companies for 40 years extensive experience spanning in: Oil, Ports, and Shipping, over 40 Years in dealing with Constructions and Solar secretarial matters, business. His areas of compliances, merger & expertise included: amalgamation and handing Marketing, Operations, HR, investor relationships. He has and Finance. Mr. Suresh handled many overseas and Ramamirtham is an MBA domestic merger & acquisitions and has various certification and demerger activities while in in oil and Shipping fields service. He is an avid performer including from Essar Oil as of Classical Carnatic Music and a Petroleum Trader and devoting his time in IOC trained LPG courses. contributing to society at large. He retired as Joint-General Manager, from Essar, in 2018. 5. Disclosure of relationships Not Applicable Not Applicable Not Applicable between directors 6. Information as required pursuant Not Applicable Not Applicable Not Applicable to BSE Circular #. LIST/ COMP/ 1412018-19 and NSE Circular #. NSE/ CMU2018124 dated 20 June 2018 7. Letter of Resignation along with Not Applicable Not Applicable Not Applicable (since detailed reason for resignation the term as Independent Director has come to an end). 8. Names of listed entities in which Not Applicable Not Applicable Not Applicable the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any 9. The independent director shall, Not Applicable Not Applicable Not Applicable (since along with the detailed reasons, the term as also provide a confirmation that Independent Director there is no other material has come to an end). reasons other than those provided. 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-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, owned by 1. The amount and percentage of the turnover or revenue or income and net worth Nil contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year 2 [Showing first 8,000 characters — download PDF for full document]