Shahi Shipping Limited has submitted its compliance certificate under SEBI depositories regulations for the fourth quarter of FY26, demonstrating adherence to regulatory requirements for securities handling and dematerialization processes.

Regulatory Compliance Submission

The company submitted the compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 to BSE Limited on April 15, 2026. The certificate covers the fourth quarter ended March 31, 2026.

Certificate Issuer and Confirmation

The compliance certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the Registrar and Share Transfer Agent (RTA) for Shahi Shipping Limited. The certificate was dated April 3, 2026, and signed by Ashok Shetty, Sr. Vice President-Corporate Registry.

Compliance Confirmation Details

The certificate confirms several key compliance aspects for the quarter:

• Securities received from depository participants for dematerialization were properly confirmed (accepted/rejected) to the depositories
• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were confirmed/rejected within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by the depository participant
• Names of depositories were substituted in the register of members as registered owners within prescribed timelines

Corporate Communication

The submission was made by Sarvesh Kumar Shahi, Managing Director (DIN: 00359535), who digitally signed the communication on April 15, 2026. The company maintains its registered office at 404, Abhay Steel House, Baroda Street, Mumbai - 400009, and operates under ISO 9001-2008 certification.

This regulatory submission reflects the company's ongoing commitment to maintaining compliance with SEBI regulations governing depositories and participant operations, ensuring proper handling of securities dematerialization processes during the quarter.

Shahi Shipping Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, revealing challenging operational performance with significant losses during the period. The company's Board of Directors approved these results during their meeting held on February 11, 2026, at the registered office in Mumbai.

Financial Performance Overview

The company reported a net loss of ₹45.82 lakhs for Q3 FY26, marking a sharp decline from the profit of ₹0.97 lakhs recorded in the same quarter of the previous fiscal year. This represents a significant deterioration in the company's financial performance year-over-year.

Revenue and Operational Analysis

Revenue from operations declined substantially to ₹166.98 lakhs in Q3 FY26 from ₹248.25 lakhs in Q3 FY25. Total revenue, including other income of ₹2.87 lakhs, stood at ₹169.85 lakhs compared to ₹251.10 lakhs in the corresponding previous quarter.

Expense Structure

Total expenses for the quarter amounted to ₹225.01 lakhs, compared to ₹250.87 lakhs in Q3 FY25. The expense breakdown shows:

Nine-Month Performance

For the nine months ended December 31, 2025, Shahi Shipping Limited recorded a net loss of ₹113.22 lakhs compared to a loss of ₹119.91 lakhs in the corresponding period of the previous year. Revenue from operations for the nine-month period was ₹486.86 lakhs, significantly lower than ₹750.92 lakhs in the same period last year.

Earnings Per Share and Capital Structure

The company reported a basic and diluted earnings per share of (₹0.32) for Q3 FY26, compared to ₹0.01 in Q3 FY25. The paid-up equity share capital remained unchanged at ₹1,449.49 lakhs with a face value of ₹10 per share.

Regulatory Compliance and Auditor Review

The financial results were reviewed by the Audit Committee and subjected to limited review by statutory auditors B. P. Shah & Co., Chartered Accountants. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The company operates in a single reportable segment of shipping business.