Shreeji Shipping Global Ltd

Shreeji Shipping Global Ltd announced the appointment of Ms. Mayuri Bipinbhai Rupareliya as a Non-Executive Independent Director for a five-year term, effective March 19, 2026. The appointment was approved via postal ballot, with the voting results and scrutinizer's report confirming overwhelming support. Ms. Rupareliya's appointment is a key management change for the company.

Shreeji Shipping Global Ltd announced its FY26 results with revenue up 21.5% to ₹709.38 crore. EBITDA increased by 26.81% to ₹243.03 crore, and net profit after tax was ₹152.70 crore. The company secured Tonnage Tax approval, commenced coastal cargo movement, and expanded its fleet. An interim dividend of ₹1 per equity share was declared.

Shreeji Shipping Global Limited filed a statement of deviation/variation in utilization of funds raised through its IPO for the quarter ended March 31, 2026, in compliance with Regulation 32(1) of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015. The IPO, which raised ₹4107.1 million, had its allotment on August 22, 2025. Crisil Ratings Limited is the monitoring agency. The audit committee reviewed the statement on May 29, 2026. There was no deviation/variation in the use of funds raised, and the net proceeds were revised due to lower issue expenses, with the balance added to General Corporate Purposes.

Shreeji Shipping Global Ltd's board of directors approved the audited standalone and consolidated financial results and statements for the year ended March 31, 2026, during its meeting on May 29, 2026. The board also considered other business items as per the agenda. Sarda & Sarda, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results.

Shreeji Shipping Global Ltd has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The decision was made during a board meeting held on May 29, 2026. The company also approved the audited standalone and consolidated financial statement for the financial year ended on March 31, 2026, in accordance with the Companies Act, 2013. The auditors, M/s. Sarda & Sarda, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results.

Shreeji Shipping Global Limited has received approval from the Income Tax Department to opt into the Tonnage Tax Scheme (TTS) under Chapter XII-G of the Income-tax Act, 1961. This approval, effective from Financial Year 2025-26, applies to its eligible inland vessels engaged in the shipping business. The company expects the TTS framework to provide enhanced long-term tax visibility and improved tax efficiency, positively impacting its profitability and cash flows over the long term. This is seen as a significant milestone, reinforcing the company's position and supporting its long-term growth strategy and operational scalability.

Shreeji Shipping Global Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board will also discuss other business items. The trading window is closed from April 1, 2026, until 48 hours after the declaration of financial results.

Shreeji Shipping Global Ltd has released the Monitoring Agency Report by Crisil Ratings for the quarter ended March 31, 2026, regarding the utilization of IPO proceeds. The report, in compliance with SEBI regulations, confirms no deviations from the stated objectives. The IPO, which took place from August 19-21, 2025, raised ₹4,107.10 million, with net proceeds of ₹3,698.80 million after deducting issue expenses of ₹408.30 million. Crisil Ratings will monitor the gross proceeds.

Shreeji Shipping Global Ltd has strategically acquired two Mini Bulk Carrier vessels, M.V. Gautam BSTAR II and M.V. Sanghi Sudarshan, from Gautam Freight Private Limited for an aggregate consideration of ₹55,66,05,000/- (inclusive of GST). The Vessel Purchase Agreements were executed on April 28, 2026, with delivery scheduled on or before May 1, 2026. These ICV-classed vessels, totaling 8,810.80 DWT, will significantly expand the company's fleet and strengthen its operational presence in the coastal shipping corridor. Their low draft profile allows access to tidal and draft-restricted minor ports, enhancing cargo movement opportunities and making coastal logistics more efficient and cost-competitive. This acquisition is anticipated to improve fleet utilization, optimize operating economics, and contribute positively to the company’s revenue, profitability, and long-term value creation.

Shreeji Shipping Global Ltd has received a Letter of Award (LOA) from Kerwa Coal Limited (KCL) as Mine Developer & Operator along with lead bid member M/s Nuravi Imports and Exports Private Limited for a period of 20 years, which may be extended for another 5 years. The award is subject to fulfillment of certain conditions precedent, including submission of the requisite Security Deposit and/or Performance Bank Guarantee by May 15, 2026. The execution of the said contract shall contribute towards revenue of the company and enhance overall financial performance.