StockWatch
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Shipping
Shareholding27 Aug 2026, 10:10 pm

Shreeji Shipping Promoters Sell 2% Stake for Public Shareholding

AI Summary

Shreeji Shipping Global Ltd announced that promoters Mr. Ashokkumar Haridas Lal and Mr. Jitendrakumar Haridas Lal intend to sell up to 2% of the company's equity share capital, totaling 32,58,364 shares. This divestment aims to comply with the minimum public shareholding requirements mandated by SEBI regulations. The sale will occur in the open market between August 31, 2026, and September 30, 2026. The promoters have also provided an undertaking not to buy shares during the sale period to ensure compliance.

Key Highlights

  • Promoters to sell up to 2% equity stake.
  • Sale aims to meet minimum public shareholding norms.
  • Divestment period: August 31, 2026 - September 30, 2026.
  • Promoters will not buy shares during the sale period.