Independent Director Ceases Term After Shareholder Re-appointment Rejection

Shahi Shipping Ltd announced that Mr. Omprakash Singh has ceased to be an Independent Director effective September 29, 2026. This cessation is due to the shareholders not approving his re-appointment for a second term at the Annual General Meeting held on the same date. The resolution for his re-appointment was not approved, and thus he did not meet the criteria for continuation under SEBI regulations. The company clarified that this is an expiry of term without re-appointment, not a resignation.