ESSARSHPNGNSEEssar Shipping Limited· Transport ServicesHighNegative
Announced Thu, 28 Aug, 2025 · 18:50 IST

Essar Shipping Limited has informed the Exchange regarding Cessation of Mr Bharat Modi as Company Secretary & Compliance Officer of the company w.e.f. August 28, 2025.

Kmp ResignedManagement Changes View source PDFExplain this filing

ESSARSHPNG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-1.8%Reaction day
₹23.84
prior close
₹23.70
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-1.7% vs market
Shipping peers, median of 8sector+0.0%-1.9% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.9 pts less than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
+0.2
10m
-0.7
15m
-0.6
30m
-0.8
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-1.8-0.2-1.7+0.0-1.9
Next day
-1.2+1.1-2.3+1.2-2.4
2d
+1.3+2.0-0.7+2.8-1.5
3d
+5.9+3.0+2.9+2.8+3.1
4d
+3.6+2.3+1.3+0.2+3.4
5d
+5.2+2.3+2.9+2.1+3.1
1w
-0.1+2.9-3.0+2.0-2.2
15d
+10.0+5.3+4.7+2.0+8.0
1m
+12.2-0.3+12.5-0.5+12.7
2m
+67.8+3.8+64.0+2.1+65.7
3m
+23.3+0.2+23.2+6.8+16.5
UpDownMarket · Nifty Microcap 250Sector · Shipping peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Bharat Modi has resigned as Company Secretary and Compliance Officer of Essar Shipping Limited effective end of business on August 28, 2025, citing personal reasons. The company has simultaneously appointed Mr. Habib Jan (Membership No. A22801) as the new Company Secretary and Compliance Officer effective August 29, 2025. Mr. Habib Jan has over 20 years of experience in secretarial, compliance, and finance roles, and has been associated with the Essar Group since 2009. The transition is immediate with no gap in the position.

Likely market impact

This is a routine key managerial personnel change at the compliance level with no disruption, as a replacement is already in place. Unlikely to have any material impact on stock price or shareholder value.