ESSARSHIP

Essar Shipping Ltd. has informed the Exchange that the members of the Company at the Annual General Meeting held on July 31, 2009 have approved all the businesses as specified in the notice convening the meeting viz. :- 1) Adoption of Profit & Loss Account for the year ended March 31, 2009 and the Audited Balance Sheet as on that date and the Reports of the Board of Directors and the Auditors thereon. 2) Re-appointment of Mr. R. N. Bansal, Mr. A. R. Ramakrishnan and Mr. Anshuman Ruia as Directors of the Company, liable to retirement by rotation. 3) Re-appointment of M/s. Deloitte Haskins & Sel

Essar Shipping Ltd. has informed the Exchange that the members of the Company at the Annual General Meeting held on September 27, 2008, have duly approved all the businesses as specified in the notice convening the meeting viz. :-1. Adoption of audited Profit & Loss Account for the year ended March 31, 2008 and the balance sheet as at that date together with the Report of the Directors and the Auditors thereon.2. Re-appointment of Mr. N. Srinivasan, Mr. Sanjay Mehta and Mr. Ravi Ruia as Directors of the Company, liable to retirement by rotation.3. Re-appointment of M/s. Deloitte Haskins & Sell

Essar Shipping Ltd. has informed the Exchange that the members of the Company have passed the following resolutions with requisite majority: (1) Special resolution for amending the main objects clause of the Memorandum of Association of the Company. (2) Special resolution for shifting the Registered Office of the Company from the State of Karnataka to the State of Gujarat. (3) Special resolution for issuance of Guarantee. (4) Ordinary resolution for increasing the borrowing limits of the Company.

Essar Shipping Ltd. has informed the Exchange that Pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 (including any statutory modification or re-enactment thereof for the time being in force) The following Resolutions is to be passed by the Members of the Company through Postal Ballot: 1) To amend the Main Objects Clause of the Memorandum of Association of the Company. 2) To shift the Registered Office of the Company from the State of Karnataka to the State of Gujarat. 3) To issue Corporate Guarantee. 4) To increase