Essar Shipping Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company, through its promoters, has confirmed that no shares held by them, directly or indirectly, were encumbered during the financial year ended March 31, 2026. Imperial Consultants and Securities Limited, a promoter entity, has also noted that following the approval of a Resolution Plan, CITOC Ventures Private Limited acquired Imperial Consultants and Securities Limited. This acquisition, effective from an order dated September 16, 2025, issued by the National Company Law Tribunal, Division Bench - I, Chennai, implies that Imperial Consultants and Securities Limited may no longer be considered part of the promoters' group or persons acting in concert with Essar Shipping Limited. The disclosure was made by Habib Jan, Company Secretary & Compliance Officer of Essar Shipping Limited, and signed by Kalpesh Virji Dedhiya, Director of Imperial Consultants and Securities Limited.
