Sadhav Shipping Limited has secured a Letter of Acceptance (LOA) from Jawaharlal Nehru Port Authority (JNPA) for the deployment of two newly built FRP Pilot Cum Security Boats. The LOA was received on May 12, 2026, and countersigned by the company on May 13, 2026. The development was disclosed to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Contract Details

The contract involves providing two FRP Pilot Cum Security Boats to support marine and port operations at JNPA on a daily charter arrangement. The key parameters of the contract are summarised below:

Under the terms of the agreement, Sadhav Shipping will deploy the newly built boats to facilitate marine safety, security, and pilotage operations within the port limits of JNPA.

Strategic Significance

Jawaharlal Nehru Port Authority is described as India's premier container handling port and a key gateway for the country's international trade. The contract entrusts Sadhav Shipping with safety-critical roles including pilotage and security launch operations at the port. The engagement is expected to add to the company's long-term revenue visibility and reinforce its presence at strategically important maritime hubs in India.

Management Commentary

Commenting on the development, Mr. Vedant K. Choudhury, CEO, Sadhav Shipping Limited, stated:

"Securing this mandate from JNPA is a proud moment for every member of the Sadhav team. JNPA is not merely a port — it is the gateway through which India trades with the world. Being entrusted with the safety-critical role of pilotage and security launch operations at this port reflects the confidence that India's port authorities place in our people, our vessels, and our standards. This contract extends our annuity revenue base, deepens our footprint at strategically vital maritime hubs, and strengthens our conviction that Sadhav is building something enduring in Indian maritime services."

About Sadhav Shipping Limited

Sadhav Shipping Limited is an integrated maritime services company incorporated in 1996 and headquartered in Mumbai. The company provides offshore logistics, port services, oil spill response, and specialised marine solutions. With a fleet of owned and chartered vessels and a Pan-India coastal presence, Sadhav Shipping serves key maritime, energy, and infrastructure sectors.

Sadhav Shipping Limited, an integrated maritime services company headquartered in Mumbai, has commenced commercial operations under its long-term mooring services contract with Paradip Port Authority. The company deployed and launched its vessel, "Sadhav Shivani," effective May 5, 2026, marking the operational start of a significant port services engagement on India's eastern coast. The development was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details

The contract was awarded by the Marine Department of Paradip Port Authority and covers a period of seven years. The following table summarises the key parameters of the engagement:

The engagement involves the supply and operation of a dedicated mooring launch along with an operational crew to support critical marine and port activities.

Scope of Operations

Under the terms of the contract, "Sadhav Shivani" will perform the following key functions:

• Assist in the mooring and unmooring of Very Large Crude Carriers (VLCCs) and Ultra Large Crude Carriers (ULCCs) at the Single Point Moorings (SPMs) located approximately 10 miles offshore from Paradip Port
• Support harbour shipping movements
• Undertake other port-related marine operations as required

Paradip Port is one of India's key major ports handling substantial crude oil and cargo traffic on the eastern coast, making efficient marine support operations critical for seamless port functioning and vessel handling.

Background and Milestone

Sadhav Shipping had earlier informed the National Stock Exchange on February 19, 2025, regarding the receipt of the Letter of Acceptance from Paradip Port Authority for the said contract. The commencement of operations under this contract represents a further development in the company's port services and offshore logistics portfolio, strengthening its presence across strategically important maritime hubs in India.

Management Commentary

Commenting on the development, Mr. Vedant Choudhury, CEO of Sadhav Shipping Limited, said: "The operational launch of 'Sadhav Shivani' at Paradip Port Authority reflects our continued commitment towards delivering reliable and efficient marine support services to India's growing maritime sector. This long-term engagement reinforces the confidence placed in Sadhav Shipping's operational capabilities, safety standards, and service quality. We believe the contract will further strengthen our position in the port services segment while contributing meaningfully to the Company's long-term growth and operational visibility."

About Sadhav Shipping Limited

Sadhav Shipping Limited is an integrated maritime services company incorporated in 1996 and headquartered in Mumbai. Listed on NSE Emerge, the company provides offshore logistics, port services, oil spill response, and specialised marine solutions. With a fleet of owned and chartered vessels and a Pan-India coastal presence, Sadhav Shipping serves key maritime, energy, and infrastructure sectors with a focus on operational excellence, safety, and ethical business practices.