Shahi Shipping board approves sale of movable assets

0 min read Updated on 02 Jul 2026, 07:49 PM

Reviewed by

Anirudha BScanX News Team

AI Summary

Shahi Shipping Limited's Board of Directors approved the sale or disposal of movable assets at the best available market price during a meeting on July 2, 2026. The decision, communicated to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015, aims to optimize the company's asset portfolio.

*this image is generated using AI for illustrative purposes only.

Shahi Shipping Limited has approved the sale or disposal of its movable assets at the best available market price. The Board of Directors granted this approval during a meeting held on Thursday, July 2, 2026. The decision aims to optimize the company's asset portfolio by leveraging current market conditions.

The meeting was convened pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proceedings commenced at 03:00 P.M. and concluded at 04:00 P.M. on the same day.

Sarvesh Kumar Shahi, Managing Director, confirmed the outcome of the board meeting. The approval covers the strategic disposition of movable assets to maximize value for the company.

Board Meeting Details

Parameter	Details
Date	July 2, 2026
Start Time	03:00 P.M.
End Time	04:00 P.M.
Regulation	Regulation 30 of SEBI (LODR) Regulations, 2015

The company has submitted the necessary disclosure to BSE Limited to inform the exchange and its shareholders about the board's decision.

Historical Stock Returns for Shahi Shipping Limited

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.63%	-5.34%	+0.32%	-19.81%	-28.71%	+153.83%

What specific types of movable assets does Shahi Shipping plan to dispose of?

How does the company intend to utilize the proceeds from the asset sale?

What is the expected timeline for completing the disposal of these assets?

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Shahi Shipping secretarial auditor resigns effective June 12

1 min read Updated on 12 Jun 2026, 05:54 PM

Reviewed by

Shriram SScanX News Team

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Shahi Shipping Limited announced the resignation of its secretarial auditor, M/s HRU & Associates, effective June 12, 2026, due to other pre-occupations. The company confirmed no material issues were raised by the outgoing auditor. The Board will appoint a new auditor and notify the exchange in due course.

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Shahi Shipping Limited disclosed that its secretarial auditor, M/s HRU & Associates, has resigned from the position effective June 12, 2026. The resignation was submitted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm cited other pre-occupations in other assignments as the reason for stepping down from the role for the financial year 2025-26.

The company confirmed that there were no concerns raised by the secretarial auditor regarding the management of the company, nor was there any material reason for the resignation. The resignation letter was submitted by Hemanshu Rohit Upadhyay, Proprietor of M/s HRU & Associates, bearing Membership No. ACS-46800.

Shahi Shipping stated that its Audit Committee and the Board would consider the appointment of new secretarial auditors in due course. The company intends to inform the stock exchanges regarding the new appointment once the process is completed.

Details of Resignation

The following table outlines the specific details regarding the change in the secretarial auditor:

Details of events	Information of such event(s)
Name of the Secretarial Auditor	M/s HRU & Associates Practicing Company Secretaries
Reason for change	Resignation: Resigned due to other pre-occupations in other assignments
Date of Resignation	12 June, 2026
Brief profile	Not Applicable
Disclosure of relationship	Not Applicable