Essar Shipping : Proceedings of 13th Annual General Meeting of the Company held on Friday, 29th September, 2023

Date: 29th September, 2023

The Manager

Listing Department	Essar Shipping Limited
Essar House
BSE Limited,
11 K.K.Marg
Phiroze Jeejeebhoy Towers,	Mahalaxmi
Mumbai- 400 034
Dalal Street,	Corporate Identification Number
Mumbai-400 001
L61200GJ2010PLC060285
Fax: [phone]/3132	T + 91 22 6660 1100
BSE Code: 533704	F + 91 22 2354 4312
www.essar.com
The Manager
Bandra Kurla Complex
"Exchange Plaza"
National Stock Exchange of India Limited
Listing Department
Bandra (E)
Fax: [phone]
Mumbai - 400 051
NSE Code: ESSARSHPNG

Subject: Proceedings of 13th Annual General Meeting of the Company held on Friday, 29th September, 2023

Reference: Regulation 30(6) read with 'Part A' of Schedule III and other applicable regulation(s), if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to Regulation 30 (6) read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith proceedings of the 13th Annual General Meeting of the Company held on Friday, 29th September, 2023 at 03:00 PM (IST) 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 respectively.

Kindly acknowledge the receipt of the same.

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-361305T [phone] F [phone]

Email Id:[e-mail]

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Thanking you,
Yours faithfully,
For Essar Shipping Limited
NISHA	Digitally signed by NISHA MANOJ BARNWAL
	DN: c=IN, o=PERSONAL,
MANOJ	pseudonym=39e0629401869202d23075fefc
72f31375ab4768cbc13c0c6dea7adec0c5715
c, postalCode=421501, st=MAHARASHTRA,
serialNumber=fd05927de16feeee2841c8b9

12e43913bfbb4740f57b0c1b89b0e13b1bd4

BARNWAL 0a55, cn=NISHA MANOJ BARNWAL

____________Date: 2023.09.29 19:10:22 +05'30'

Nisha Barnwal

Company Secretary and Compliance Officer

Membership No A66804

Encl: A/a

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-361305T [phone] F [phone]

Email Id:[e-mail]

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Proceedings of 13th Annual General Meeting of the Members of Essar Shipping Limited held on Friday, 29th September, 2023 at 03:00 PM (IST) through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM")

The 13th Annual General Meeting of Essar Shipping Limited was held on Friday, 29th September, 2023 at 03:00 PM (IST) through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM") through NSDL portal.

1. Ms. Nisha Barnwal, Company Secretary & Compliance Officer, extended a warm and hearty welcome to everyone present at the Meeting.
2. She thereafter introduced other Directors and KMPs present in the Meeting & addressed to the Members.
3. Ms. Nisha Barnwal, Company Secretary presided over the meeting. She, after ascertaining the requisite quorum being present, called the Meeting to order. She further confirmed that the Compliances of the Companies Act, 2013 and the Rules, Secretarial Standards and MCA Circulars made there under with respect to calling, convening and conducting the Meeting through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM") had been complied by the Company.
4. She further informed the members that since the meeting is held through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM") appointment of proxies is prohibited and the representations received by the Company were taken on record and the Statutory registers which were available for inspection for the Members present.
5. She further informed that Mr. Suresh Ramamirtham, Independent Director and Chairman of the Company was unable to attend the meeting being diagnosed by a severe case of dengue and therefore Mr. Sunil Modak on behalf of him addressed the members.
6. Mr. Sunil Modak, Independent Director addressed the members on behalf of the Chairman on recent business developments.
7. With the consent of the Members present, the Notice convening 13th Annual General Meeting, having been circulated to all the Members, was taken as read.
8. The Management response on the qualifications, remarks or observations mentioned in the Statutory Auditors' Report to the Members for the Financial Year 2022-23 has been mentioned in the Directors Report of the Company. With the permission of the Members, the Independent Auditors' Report was taken as read. As there were no qualifications in the Secretarial Audit Report and the same was taken as read.
9. Thereafter, the Members were briefed on the provisions of Companies Act, 2013, remote e- voting on the proposed resolutions contained in the Notice of the Annual General Meeting.
10. The Members were also informed that Mr. Martinho Ferrao, Practicing Company Secretaries has been appointed as the Scrutinizer for conducting the remote e-voting and voting at the AGM process in a fair and transparent manner.

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-361305T [phone] F [phone]

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1. It was further informed that the Results of the voting shall be declared within two working days of the conclusion of this Meeting and shall also be placed on the website of the Company & NSDL along with the Report of the scrutinizer. It will also be intimated to BSE Limited and National Stock Exchange of India Limited.
2. Thereafter the following items requiring approval of the Members were stated:

Ordinary Business:

Resolution No. Particulars

1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2023 together with the reports of the Board of Directors and Auditors thereon;
2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended on March 31, 2023 together with the reports of Auditors thereon;
3. To appoint a Director in place of Ms. Raichel Mathew (DIN 09625593), in terms of Section 152 of the Companies Act, 2013 and being eligible, offers herself for re-appointment

Special Business:

Resolution No. Particulars

1. 1. To consider and approve issue of Non-Convertible Debentures.
   2. To consider and approve Related Party Transactions.
   3. To consider and approve Sale of Overseas Direct Investments (ODI) and Redemption of Foreign Currency Convertible Bonds (FCCBs).
   4. To consider and approve Related Party Transactions in respect of Sale of Overseas Direct Investments (ODI).
   5. To consider and approve to make investments, give loans, guarantees and securities in excess of limits specified under Section 186 of Companies Act, 2013.
2. Ms. Nisha Barnwal, company Secretary of the Company acknowledged the valuable contribution of late Mr. Natesan Srinivasan, Capt. B S Kumar, Mr. Ranjit Singh and Mr. Ketan Shah during their tenure and concluded the meeting
3. The Annual General Meeting was concluded at 4.00 pm

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-361305T [phone] F [phone]

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Thanking you,

Yours faithfully,

For Essar Shipping Limited

NISHA

MANOJ BARNWAL

Digitally signed by NISHA MANOJ BARNWAL DN: c=IN, o=PERSONAL, pseudonym=39e0629401869202d23075fefc72f3 1375ab4768cbc13c0c6dea7adec0c5715c, postalCode=421501, st=MAHARASHTRA, serialNumber=fd05927de16feeee2841c8b912e43 913bfbb4740f57b0c1b89b0e13b1bd40a55, cn=NISHA MANOJ BARNWAL

Date: 2023.09.29 19:11:03 +05'30'

Nisha Barnwal

Company Secretary and Compliance Officer

Membership No A66804

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-361305T [phone] F [phone]

Email Id:[e-mail]

STEEL | ENERGY | INFRASTRUCTURE | SERVICES