Which of the following is /are correct in respect of equity shareholders?

Both 1 and 2

Equity shareholders are considered owners of the company because they hold ownership shares in it. They also bear the ultimate risk of the company's performance and financial outcomes, as their returns (dividends and capital gains) depend on the company's success. The statement "Have a right to get repayment of their share capital before repayment of loans by the company to directors in case the company goes into liquidation" is not entirely accurate. In case of liquidation, equity shareholders are typically the last in line to receive repayment after all other obligations, such as loans and debts, have been settled. Preference shareholders and creditors are usually prioritized over equity shareholders in terms of repayment during liquidation.