Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Essar Shipping has informed that the Board of Directors of the Company by a unanimous circular resolution have approved the foreclosure of Bare Boat Charter cum Demise (BBCD) Agreement for the vessels MV Maithli and MV Manika based on economic viability subject to the requisite regulatory approval being in place.
The above information is a part of company’s filings submitted to BSE.
