ESSARSHIP

Essar Shipping Ports & Logistics Limited has informed the Exchange that pursuant to the order dated March 01, 2011 of the Hon'ble High Court of Gujarat sanctioning the Composite Scheme of Arrangement, the Committee of Directors of the Company at their meeting held on May 21, 2011 have considered and approved the issue and allotment of shares of the Company to all the eligible members entitled to receive the shares of the Company upon demerger of the shipping and logistics business and oilfields services business into Essar Shipping Limited. Further the Company has informed that, the Company ha

Essar Shipping Ports & Logistics Limited has informed the Exchange that pursuant to the order dated March 01, 2011 of the Hon'ble High Court of Gujarat Sanctioning the Composite Scheme of Arrangement, the Board of Directors of the Company at the meeting held May 21, 2011 have considered and approved the issue and allotment of shares of the Company to all eligible members of the Company entitled to receive the shares in terms of the Scheme of Arrangement.

Essar Shipping Ports & Logistics Limited has informed the Exchange that in terms of the Composite Scheme of Arrangement between Essar Shipping Ports & Logistics Limited, Essar Ports & Terminals Limited, Essar Shipping Limited and Essar International Limited and their respective shareholders and creditors (the Scheme), the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, has sanctioned the change of name of the Company from Essar Shipping Ports & Logistics Limited to Essar Ports Limited with effect from May 13, 2011.

Members of the Exchange are hereby informed that the trading in equity shares of Essar Shipping Ports & Logistics Limited shall be suspended w.e.f. May 18, 2011 (i.e. closing hours of trading on May 17, 2011) on account of Scheme of Arrangement - Capital Reduction.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Committee has declared May 19, 2011 as the Record Date to ascertain the members who shall be entitled to receive the shares of the Company and also that of the Resulting Company i.e. Essar Shipping Limited post Demerger in terms of the approved scheme of Arrangement.

Essar Shipping Ports & Logistics Limited has informed the Exchange that as the conditions stipulated under clause 79 of the Scheme of Arrangement being the amalgamation of Essar Ports & Terminals Limited (EPTL) and Essar International Limited (EIL) with the Company and the subsequent demerger of the Shipping & Logistics and Oilfields Drilling Business (Demerged Undertakings) into Essar Shipping Limited (the Resulting Company) to make the Scheme effective having being complied with, the Committee of Directors (Demerger Committee) (the Committee) at their meeting held May 09, 2011 fixed the effe

Essar Shipping Ports & Logistics Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended March 31,2011.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Company has taken delivery of a 1982 Japan built, 136,600 DWT Capesize Dry Bulk Carrier.

Essar Shipping Ports & Logistics Limited has submitted to the Exchange a copy of disclosures u/r 8A(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad has on March 1, 2011 approved the Composite Scheme of Arrangement which provides for the Merger of Essar Ports & Terminals Limited and Essar International Limited and Demerger of the Shipping & Logistics and Oilfields Drilling Business into a separate Company viz., Essar Shipping Limited.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Company has on February 23, 2011 taken delivery of a 1990 Japan built, 151,418 dwt Capesize Dry Bulk Carrier.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Company has on February 10, 2011 entered into a Memorandum of Understanding with the Port of Antwerp International for Strategic collaboration in the areas of Consultancy, Investment, Training and enhancing Commercial Relations in the fast growing port sector in India and abroad.

Essar Shipping Ports & Logistics Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended December 31,2010.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the equity shareholders, secured creditors (including holders of non-convertible debentures) and unsecured creditors of the Company, at its court convened meeting held on November 30, 2010, have unanimously approved the Scheme of Arrangement between Essar Shipping Ports & Logistics Limited, Essar Ports & Terminals Limited, Essar International Limited, Essar Shipping Limited, and their respective shareholders and creditors, under Sections 391 to 394 of the Companies Act, 1956. Further the Company has informed that, on Novem

Essar Shipping Ports & Logistics Limited has submitted to the Exchange a copy of Synopsis of the results of the Court Convened Meeting of the equity Shareholders, Secured Creditors (including holders of Non-convertible Debentures) and Unsecured Creditors meeting of Essar Shipping Ports & Logistics Limited.

Essar Shipping Ports & Logistics Limited has informed the Exchange that by an order made on October 21, 2010, in Essar Shipping Ports & Logistics Limited (the "Applicant Company") Application, the Hon'ble High Court of Gujarat at Ahmedabad has directed that a meeting of the equity shareholders, secured creditors (including holders of the non-convertible debentures) and Unsecured creditors of the Applicant Company be held on November 30, 2010, for the purpose of considering, and if thought fit, approving, with or without modification, the Composite Scheme of Arrangement proposed to be made betw

Essar Shipping Ports & Logistics Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended September 30,2010.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the application (for Composite Scheme of Arrangement under Sections 391-394 of the Companies Act, 1956 amongst Essar Shipping Ports & Logistics Limited, Essar Ports & Terminals Limited, Mauritius, Essar International Limited, Essar Shipping Limited and their respective shareholders and creditors) has been filed with the Hon'ble High Court of Gujarat at Ahmedabad and the Court has directed convening of the meetings of the equity shareholders, secured creditors and un-secured creditors on November 30, 2010.

Essar Shipping & Logistics Limited has submitted to the Exchange Disclosure pursuant to regulation 3(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("SAST") by the Company in connection with inter se transfer of shares of Essar Shipping Ports & Logistics Limited in accordance with regulation 3(1)(e)(i) of SAST.

Essar Shipping Ports & Logistics Limited has informed the Exchange that "The Company has today (i.e. August 17, 2010) issued Foreign Currency Convertible Bonds (FCCBs) aggregating to USD 280,000,000 to be listed on the Singapore Exchange Securities Trading Limited (SGX-ST) Comprising of : (a) USD 150,000,000 5% Foreign Currency Bonds due 2015 convertible into ordinary shares; and (b) USD 130,000,000 5% Foreign Currency Bonds due 2017 convertible into ordinary shares".

Essar Shipping Ports & Logistics Limited has informed the Exchange that upon the demerger, a reduction and restructuring of the paid up share capital of Essar Shipping Ports and Logistics Limited (ESPLL) is also contemplated under the scheme of arrangement, pursuant to which the paid up share capital of ESPLL shall be reduced and thereafter its shares shall be consolidated such that 3 equity shares of ESPLL of face value Rs.10/- each shall be consolidated into 2 equity shares of face value Rs.10/- each.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the meeting of the Board of Directors of Essar Shipping Ports & Logistics Limited (the "Company") was held on August 12, 2010, at which time the proposal for: (a) The demerger of the shipping, logistics and oilfields services businesses of the Company to Essar Ports & Terminals Limited (currently a wholly owned subsidiary of the company) ("EPTL"); and (b) The amalgamation of two of the Company's existing wholly owned subsidiaries, Essar Ports & Terminals Limited, Mauritius and Essar International Limited, Guernsey with the

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Committee of Directors of the Company at their meeting held on August 04, 2010 has approved to open the USD 280 million Foreign Currency Convertible Bonds (FCCBs) issue for subscription and accordingly the issue will open from August 04, 2010. The issue will close on August 05, 2010.

Essar Shipping Ports & Logistics Limited has informed the Exchange that Shri. Sanjay Mehta, Director and Managing Director was liable to retire by rotation at the Annual General Meeting held on July 24, 2010. Shri. Sanjay Mehta has not sought re-appointment and therefore ceased to be a Director and Managing Director of the Company with effect from July 24, 2010.

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Members of the Company at the Annual General Meeting held on July 24, 2010, have approved the following : (1) Adoption of Audited Profit & Loss Account for the year ended March 31, 2010 and the Balance Sheet as at that date together with the Report of the Directors and the Auditors thereon; (2) Re-appointment of Mr. S.N. Ruia, Mr. V. Ashok, Mr. N. Srinivasan and Mr. K.V. Krishnamurthy as the Directors of the Company; (3) Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants as Statutory Auditors of the

Essar Shipping Ports & Logistics Limited has informed the Exchange that at the meeting of the Board of Directors held on July 24, 2010, Shri. Shailesh Sawa has been appointed as an Additional Director in the wholetime employment of the Company designated as Director Finance with effect from July 24, 2010. At the same meeting Shri. V. Ashok has resigned as Wholetime Director. Shri. Ashok will however continue to be Director on the Board of the Company.

Essar Shipping Ports & Logistics Limited has informed the Exchange that Mr. Sanjay Mehta has expressed his desire to step down as the Managing Director and Director of the Company effective from the date of the ensuing Annual General Meeting of the Company scheduled to be held on July 24, 2010. Mr. Rajiv Agarwal has been appointed as an Additional Director of the Company with immediate effect in the Whole time employment of the Company to be nominated as the Managing Director which appointment will take effect from the date of the ensuing Annual General Meeting of the Company scheduled to be h

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Board of Directors at their meeting held on May 27, 2010 have inter-alia approved issuance of Foreign Currency Convertible Bonds / Global Depository Receipts / American Depository Receipts / Optionally / Compulsorily Convertible Bonds / any other instruments convertible into shares of the Company upto an amount of USD 500 million. The Company will seek the enabling approval of the members at the ensuing Annual General Meeting scheduled on July 24, 2010 for the aforesaid issue.

Essar Shipping Ports & Logistics Limited has informed the Exchange that Essar Bulk Terminal Limited (EBTL) (a subsidiary) has commenced Commercial Operations of its all weather deep draft dry bulk port facility at Hazira, Gujarat. This berth has a capacity to handle cargoes upto 30 million tons per annum.

Essar Shipping Ports & Logistics Limited has informed the Exchange that Essar Oilfields Services Limited (EOSL) (a wholly owned subsidiary) has been awarded its first contract outside India valued at approximately US$ 40 million by Vietsovpetro JV (VSP), an E&P company operating in Vietnam, for drilling a 4800 meter offshore well with EOSL's Semi-Submersible Rig "Essar Wildcat".

Essar Investments Limited has informed the Exchange that "The proposed indirect acquisition of certain shares of Essar Shipping Ports & Logistics Limited by us pursuant to an inter- se transfer of shares within "qualifying promoters" in accordance with Regulation 3(1)(e)(iii)(b) of the Takeover Regulations." The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essarshipping_reg_20042010.zip target=NEW> For more details click here.<

Essar Investments Limited has informed the Exchange that "The proposed indirect acquisition of certain shares of Essar Shipping Ports & Logistics Limited pursuant to an inter- se transfer of shares within "qualifying promoters" in accordance with Regulation 3(1)(e)(iii)(b) of the Takeover Regulations. Further, the previous disclosure dated March 19, 2010, in respect of the transfer of the shares of Teletech Investments (India) Limited from Infotech Capital Limited stands modified to this extent. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Cor

Essar Shipping Ports & Logistics Limited has informed the Exchange that "The Company shall be publishing the Audited Financial Results for the last quarter of the year ended March 31, 2010 and for the year ended as on that day on or before May 30, 2010. In view of the above, the Company does not propose to publish un-audited results for the last quarter ending March 31, 2010".

Essar Investments Limited has informed the Exchange that "The proposed indirect acquisition of certain shares of Essar Shipping Ports & Logistics Limited, by us pursuant to the transfers of: (a) 15.13% shares of Teletech Investments (India) Limited from Essar Energy Holdings Ltd; and (b) 0.01% of the shares of Teletech Investments (India) Limited by Infotech to us, as inter-se transfers of shares within "qualifying promoters" in accordance with Regulation 3(1)(e)(iii)(b) of the Takeover Regulations." The details of the proposed inter se transfers shall be available on the NSE website (http://

Essar Shipping & Logistics Limited and Essar Investments Limited have informed the Exchange that "The proposed indirect acquisition of certain shares of Essar Shipping Ports & Logistics Limited, by us pursuant to the transfer of: (a) 100% of the shares of Infotech Capital Limited to Essar Shipping & Logistics Limited from Essar Global Limited.; and (b) 0.01% of the shares of Teletech Investments (India) Limited to Essar Investments Limited from Infotech Capital Limited, as inter-se transfers of shares within "qualifying promoters" in accordance with Regulation 3(1)(e)(iii)(b) of the Takeover R

Essar Energy Holdings Ltd and Imperial Consultants and Securities Pvt. Ltd. have informed to the Exchange that "The proposed indirect acquisition of certain shares of Essar Shipping Ports & Logistics Limited, by us pursuant to the transfer of: (a) 15.13% shares of Teletech Investments (India) Limited from Essar Steel Holdings Ltd to Essar Energy Holdings Ltd.; and (b) 0.01% shares of Teletech Investments (India) Limited from Infotech Capital Limited to Imperial Constants Limited as inter-se transfers within "qualifying promoters" in accordance with Regulation 3(1)(e)(iii)(b) of the Takeover

Essar Energy Holdings Limited and Essar Shipping & Logistics Limited has informed the Exchange that "The proposed indirect acquisition of certain shares of Essar Shipping Ports & Logistics Limited, by us pursuant to the transfer of: (a) 99.90% of the shares of Infotech Capital Limited to Essar Energy Holdings Ltd from Essar Global Limited; and (b) 0.01% of the shares of Infotech Capital Limited to Essar Shipping & Logistics Limited from Essar Global Limited, as inter-se transfer of shares within "qualifying promoters" in accordance with Regulation 3(1)(e)(iii)(b) of the Takeover Regulations

Essar Investments Limited have submitted to the Exchange a copy of the proposed indirect acquisition of certain shares of Essar Shipping Ports & Logistics Limited pursuant to an inter- se transfer of shares within "qualifying promoters" in accordance with Regulation 3(1)(e)(iii)(b) of the Takeover Regulations. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essarshipp_reg02_05042010.zip target=NEW> For more details click here.</a>

Essar Energy Holdings Limited and Essar Investments Limited have submitted to the Exchange a copy of the proposed indirect acquisition of certain shares of Essar Shipping Ports & Logistics Limited, pursuant to an inter- se transfer of shares within "qualifying promoters" in accordance with Regulation 3(1)(e)(iii)(b) of the Takeover Regulations. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essarshipp01_reg_05042010.zip target=NEW

Essar Shipping Ports & Logistics Limited has informed the Exchange that the Company has received a letter dated March 31, 2010 from Shri Ravi Ruia tendering his resignation from the Board of Directors of the Company with immediate effect due to other commitments. Further the company has informed that the same will be placed before the Board at its next Meeting.

Essar Steel Holdings Limited, Essar Steel Limited, Essar Investments Limited and Imperial Consultants and Securities Private Limited have submitted to the Exchange a copy of the proposed acquisition of equity shares of the Company, pursuant to an inter- se transfer of shares within "qualifying promoters" in accordance with Regulation 3(I)(e)(iii)(b) of the Takeover Regulations. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essarsh

Essar Energy Holdings Limited and Essar Investments Limited has informed the Exchange regarding Disclosure under Regulation 3(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (the "Takeover Regulations"). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essarshipping_reg_22032010.zip target=NEW> For more details click here.</a>

Essar Shipping Ports & Logistics Limited has informed the Exchange that Vadinar Ports & Terminals Limited (a wholly owned subsidiary of Essar Shipping Ports & Logistics Limited) has commissioned a Product Berth at Vadinar in Gujarat with an evacuation capacity of 7 million metric tons per annum (MMTPA). With the above commissioning, the total capacity of the terminalling facilities at Vadinar has gone up from 41 MMTPA to 48 MMTPA.

Members of the Exchange are hereby informed that the name of Essar Shipping Ltd. shall be changed to Essar Shipping Ports & Logistics Limited w.e.f. October 23, 2009.

Essar Shipping Ltd. has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended June 30,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ESSARSHIP_LR_12082009.zip target=NEW> For more details click here.</a>

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 Annual General Meeting of the Company is scheduled to be held on July 31, 2009 to transact the business detailed in the Notice convening the AGM. The Register of Members and Share Transfer Books of the Company will remain closed from July 27, 2009 to July 31, 2009 (both days inclusive), for the purpose of AGM.

Essar Shipping Ltd. has informed the Exchange that " The Company shall be publishing the Audited Financial Results for the Financial Year ended March 31, 2009 on or before June 30, 2009".

Essar Shipping Ltd. has informed the Exchange that the Re-organisation Committee of the Board of Directors at their meeting held on March 20, 2009 have in terms of the Scheme of Arrangement between India Shipping, Essar Sisco Ship Management Co. Ltd. with Essar Shipping Ports & Logistics Limited approved: (1) Cancellation of 50,843,376 equity shares held by India Shipping, Transferor Company No.1; (2) Cancellation of 124,456,000 equity shares represented by 376,000 Global Depository Shares held by India Shipping, Transferor Company No. 1; and (3) Allotment of 364,905,489 equity shares of the C

Essar Shipping Ltd. has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended December 31,2008.A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ESSARSHIP_LR_27022009.ZIP target=NEW> For more details click here.</a>