"Board of Directors of the company has passed the enabling resolution to sell older vessel(s) and/or buy younger vessel(s) for the company," Essar Shipping said in a filing to the BSE.
It said the board of directors in its meeting today also authorised "severally to Ranjit Singh, Executive Director & CEO, Vikram Gupta, Chief financial Officer, and Awaneesh Srivastava, Company Secretary, (Key Managerial Personnel) to decide materiality of an invent/information and for the purpose of making disclosure to the Stock Exchange (s)."
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