Essar Shipping Limited Partially Redeems NCDs Worth ₹144.42 Crore
Essar Shipping Limited partially redeemed 14,442,000 NCDs worth ₹144.42 crore on February 26, 2026. The total redemption amount, including interest, was ₹155.22 crore. An earlier redemption occurred on January 30, 2026, with 24,262,750 NCDs remaining outstanding.
The redemption is partial and follows the terms of the debenture issue. It does not represent a significant change in the company's overall financial structure or operational capacity.
The announcement details a partial redemption of NCDs, which is a routine financial transaction. It does not inherently signal significant positive or negative performance for the company.
Essar Shipping Limited has announced the partial redemption of its 1% Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs). The redemption pertains to debentures issued to Abhinand Ventures Private Limited, in accordance with the terms of their issue.
The company redeemed 14,442,000 NCDs, with a total face value of ₹1,444,200,000 (₹144.42 crore). The redemption date was February 26, 2026. The total amount paid on redemption, including principal and interest, amounted to ₹1,552,247,922 (₹155.22 crore). This amount includes an interest payment of ₹108,047,922 (₹10.80 crore).
Previously, a redemption occurred on January 30, 2026. Following this partial redemption, the company still has 24,262,750 NCDs outstanding. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Essar Shipping Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Essar Shipping Limited. Read the original for the full detail.