Shreeji Shipping Global Limited has executed Vessel Purchase Agreements on April 28, 2026, for the strategic acquisition of two Mini Bulk Carrier vessels from Gautam Freight Private Limited. The transaction involves an aggregate consideration of ₹55,66,05,000 inclusive of GST, marking a significant milestone in the company's fleet expansion and capacity augmentation initiatives.

Acquisition Details

The two vessels acquired are M.V. Gautam BSTAR II (IMO No. 9823948) and M.V. Sanghi Sudarshan (IMO No. 9823936), both classed as Indian Coastal Vessels (ICV) with the Indian Register of Shipping (IRS). The vessels aggregate 8,810.80 DWT, strengthening the company's owned-tonnage base and deepening its operational footprint along the coastal shipping corridor.

Strategic Advantages

A key strategic advantage of these vessels lies in their very low draft profile, which enables them to call at tidal and draft-restricted minor ports along the Indian coastline that are inaccessible to conventional larger vessels. This unique operational capability significantly enhances the company's ability to service shallow-draft and intermediate ports, opens up additional cargo movement opportunities, and makes coastal movement more effective, time-efficient and cost-competitive for the company and its customers.

Payment and Delivery Terms

The company has paid 100% of the purchase consideration inclusive of GST through RTGS on April 27, 2026. Delivery of the vessels is scheduled to take place on or before May 1, 2026, at Bedi Port Anchorage, upon execution of the Protocol of Delivery and Acceptance (PODA). The seller will issue a No Objection Certificate (NOC) in favour of the company to operate and ply the vessels until ownership is duly transferred and registered with the competent authority.

Expected Benefits

This acquisition is anticipated to enhance fleet utilisation, optimise operating economics, and contribute positively to the company's revenue, profitability and long-term value creation for all stakeholders. The transaction is not a related party transaction, and Gautam Freight Private Limited is not related to the promoter, promoter group, or group companies of Shreeji Shipping Global Limited in any manner.

Shreeji Shipping Global Limited has filed its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate submission demonstrates the company's adherence to regulatory requirements for publicly listed entities.

Regulatory Compliance Certificate

The company submitted its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 to both major stock exchanges. The certificate was filed with the National Stock Exchange of India Limited and BSE Limited on April 08, 2026.

Share Dematerialization Status

According to the certificate issued by Bigshare Services Private Limited, the company's Registrar and Share Transfer Agent, Regulation 74(5) is not applicable to Shreeji Shipping Global Limited. The regulation does not apply because the entire holding of the company's shares are in dematerialized form.

The registrar confirmed that no requests were received from any members for rematerialisation or dematerialization during the quarter ended March 31, 2026. This indicates that all shareholders maintain their holdings in electronic format through the depository system.

Certificate Details

The certificate was digitally signed by Archanaba Krunalsinh Gohil, Company Secretary and Compliance Officer, from the company's registered office in Jamnagar. The document was authenticated by Akash Shamal, Authorised Signatory from Bigshare Services Private Limited.

The submission of this certificate fulfills the company's quarterly regulatory obligations under SEBI guidelines, ensuring transparency in share transfer and depository operations for the reporting period.