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.

Sadhav Shipping has successfully secured a significant purchase order worth ₹63.3 million, marking an important milestone for the shipping company. This substantial order demonstrates the company's ability to attract major contracts and reinforces its position in the maritime industry.

Order Details

The purchase order represents a considerable business opportunity for Sadhav Shipping, with the contract value standing at ₹63.3 million. This achievement highlights the company's competitive capabilities and its success in securing valuable business contracts.

Business Impact

The acquisition of this purchase order worth ₹63.3 million represents a significant development for Sadhav Shipping. Such substantial orders typically indicate strong market confidence in the company's service delivery capabilities and operational expertise. The order value demonstrates the scale of business opportunities the company is able to capture in the shipping sector.

This purchase order adds to Sadhav Shipping's order book and is expected to contribute positively to the company's business operations. The ₹63.3 million contract value reflects the company's ability to compete effectively for large-scale shipping contracts and maintain its market presence.