ESSAR SHIPPING LTD. - Outcome of Board Meeting (AGM on August 10, 2016)

Essar Shipping Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2016, which started at 12:45 p.m. and concluded at around 4:05 p.m. on May 25, 2016, inter alia:<BR><BR>1. The Board approved to call Sixth Annual General Meeting of the Company on August 10, 2016 at 2:00 p.m. at the registered office of the Company.<BR><BR>2. The Board of Directors at its meeting has in-principle approved to sale of upto 51% shares in its subsidiary, Arkay Logistics Limited subject to necessary approvals.