Integrated Governance

Essar Shipping Limited

General information about company

Scrip code	533704
NSE Symbol	ESSARSHPNG
MSEI Symbol	NOTLISTED
ISIN	INE122M01019
Date of start of financial year	01-04-2024
Date of end of financial year	31-03-2025
Reporting Quarter Type	Quarterly
Date of Quarter Ending	31-12-2024
Type of company	Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity?	true
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity?	true
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity?	false	the Company has not acquired any shares or voting rights in unlisted companies.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity?	false	Not applicable to the Company
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity?	true
Risk management committee	false
Market Capitalisation as per immediate previous Financial Year	Top 2000 listed entities
Is SCORE ID Available ?	true
SCORE Registration ID	E00193
Reason For No SCORE ID
Type of Submission	Original
Remarks (website dissemination)

Annexure I

Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson						true
Whether Chairperson is related to MD or CEO						false	Disqualification of Directors under section 164 of the Companies Act, 2013
Sr no.	Title(Mr/Ms)	Name of the Director	DIN	Category 1 of directors	Category 2 of directors	Category 3 of directors	Whether the director is disqualified?	Start Date of disqualification	End Date of disqualification	Details of disqualification	Current status	Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations]	Date of passing special resolution	Initial Date of appointment	Date of Re-appointment	Date of cessation	Tenure of director(in months)	No of Directorship in listed entities including this listed entity(Refer Regulation 17A of Listing Regulations)	No of Independent Directorship in listed entities including this listed entity(Refer Regulation 17A(1) of Listing Regulations	Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations)	No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations)	Reason for Cessation	Notes for not providing PAN	Notes for not providing DIN
1	Mr	Rajesh Desai	08848625	Executive Director	Not Applicable		false				Active	NA		30-09-2020				1	0	2	0
2	Mr	Jayakumar	09300654	Non-Executive - Independent Director	Not Applicable		false				Active	NA		31-08-2021	29-09-2021		40.01	1	1	0	0
3	Mr	Suresh Ramamirtham	09299459	Non-Executive - Independent Director	Chairperson		false				Active	NA		31-08-2021	29-09-2021		40.01	1	1	1	1
4	Mr	Sunil Modak	09623865	Non-Executive - Independent Director	Not Applicable		false				Active	NA		08-09-2022	08-09-2022		27.24	1	1	2	1
5	Mr	Vipin Jain	10174107	Executive Director	Not Applicable		false				Active	NA		28-05-2024				1	0	0	0
6	Ms	Raichael Mathew	09625593	Non-Executive - Non Independent Director	Not Applicable		false				Active	NA		08-09-2022	08-09-2022		25.12	1	1	1	0

Annexure I

II. Composition of Committees
Disclosure of notes on composition of committees explanatory

Audit Committee Details

Whether the Audit Committee has a Regular Chairperson						true
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	09299459	Suresh Ramamirtham	Non-Executive - Independent Director	Chairperson	31-08-2021
2	09623865	Sunil Modak	Non-Executive - Independent Director	Member	08-09-2022
3	08848625	Rajesh Desai	Executive Director	Member	08-09-2022

Nomination and remuneration committee

Whether the Nomination and remuneration committee has a Regular Chairperson						true
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	09623865	Sunil Modak	Non-Executive - Independent Director	Chairperson	08-09-2022
2	09299459	Suresh Ramamirtham	Non-Executive - Independent Director	Member	31-08-2021
3	09625593	Raichael Mathew	Non-Executive - Non Independent Director	Member	08-09-2022

Stakeholders Relationship Committee

Whether the Stakeholders Relationship Committee has a Regular Chairperson						true
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	09623865	Sunil Modak	Non-Executive - Independent Director	Chairperson	08-09-2022
2	09625593	Raichael Mathew	Non-Executive - Non Independent Director	Member	08-09-2022
3	08848625	Rajesh Desai	Executive Director	Member	30-09-2021

Corporate Social Responsibility Committee

Whether the Corporate Social Responsibility Committee has a Regular Chairperson						true
Sr	DIN Number	Name of Committee members	Category 1 of directors	Category 2 of directors	Date of Appointment	Date of Cessation	Remarks
1	09623865	Sunil Modak	Non-Executive - Independent Director	Chairperson	08-09-2022
2	09625593	Raichael Mathew	Non-Executive - Non Independent Director	Member	08-09-2022
3	08848625	Rajesh Desai	Executive Director	Member	30-09-2020

Other Committee

Whether the Corporate Social Responsibility Committee has a Regular Chairperson					true
Sr	DIN Number	Name of Committee members	Name of other committee	Category 1 of directors	Category 2 of directors	Remarks
1	09623865	Sunil Modak	Share Transfer Committee Meeting	Non-Executive - Independent Director	Chairperson
2	09625593	Raichael Mathew	Share Transfer Committee Meeting	Non-Executive - Non Independent Director	Member
3	08848625	Rajesh Desai	Share Transfer Committee Meeting	Executive Director	Member

Annexure I

III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr	Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)	Maximum gap between any two consecutive (in number of days)	Notes for not providing Date	Whether requirement of Quorum met (Yes/No)	Total Number of Directors as on date of the meeting	Number of Directors present*(All directors including Independent Director)	No. of Independent Directors attending the meeting*
1	08-08-2024			true	6	6	4
2	13-11-2024	96		true	6	6	4

Annexure I

IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr	Name of Committee	Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order)	Maximum gap between any two consecutive (in number of days)	Name of other committee	Reson for not providing date	Whether requirement of Quorum met (Yes/No)	Total Number of Directors in the Committee as on date of the meeting	Number of Directors Present (All Directors including Independent Director)	No. of Independent Directors attending the meeting*	No. of members attending the meeting (other than Board of Directors)
1	Audit Committee	08-08-2024				true	3	3	2	1
2	Audit Committee	13-11-2024	96			true	3	3	2	1

Annexure I

V. Affirmations
Sr	Subject	Compliance status (Yes/No)
1	The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015	true
2	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee	true
3	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee	true
4	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c.Stakeholders relationship committee	true
5	The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable the top 1000 listed entities)	NA
6	The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.	true
7	The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015.	true
8	This report and/or the report submitted in the previous quarter has been placed before Board of Directors.	true
9	Any comments/observations/advice of Board of Directors may be mentioned here:

Annexure I

Sr	Subject	Compliance status
1	Name of signatory	Rachana H Trivedi
2	Designation	Company Secretary and Compliance Officer

Details of Cyber security incidence

Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter		false
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter

Signatory Details

Name of signatory	Rachana H Trivedi
Designation of person	Company Secretary and Compliance Officer
Place	Mumbai
Date	13-02-2025

Investor Grievance Details

No. of investor complaints pending at the beginning of Quarter		0
No. of investor complaints received during the Quarter		26
No. of investor complaints disposed off during the Quarter		26
No. of investor complaints those remaining unresolved at the end of the Quarter		0

Disclosure of Updates to Ongoing Tax Litigations or Disputes The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr.No.	Name of the opposing party	Date of initiation of the litigation / dispute	Status of the litigation / dispute as per last disclosure	Current status of the litigation / dispute
1	Income Tax Department	16-09-2022	NA	Awaited for hearing
2	Income Tax Department	26-08-2024	NA	Awaited for hearing
3	Income Tax Department	15-01-2021	NA	Awaited for hearing
4	Income Tax Department	04-05-2024	NA	Awaited for hearing
5	Income Tax Department	05-01-2024	NA	Awaited for hearing
6	Income Tax Department	16-04-2024	NA	Awaited for hearing
7	Income Tax Department	05-01-2024	NA	Awaited for hearing
8	Income Tax Department	20-04-2024	NA	Awaited for hearing
9	Income Tax Department	05-01-2024	NA	Awaited for hearing
10	Income Tax Department	20-04-2024	NA	Awaited for hearing
11	Income Tax Department	30-08-2024	NA	Awaited for hearing
12	Income Tax Department	13-12-2024	NA	Awaited for hearing
13	Income Tax Department	25-04-2024	NA	Awaited for hearing
14	Income Tax Department	02-11-2018	NA	Awaited for hearing
15	Income Tax Department	21-01-2019	NA	Awaited for hearing
16	Directorate of Revenue Intelligence (DRI)	31-01-2023	NA	Awaited for hearing
17	Income Tax Department	07-08-2009	NA	Awaited for hearing