Shreeji Shipping Global Limited promoters completed the sale of 32.5 lakh equity shares in the open market on October 2, 2026, to comply with minimum public shareholding (MPS) requirements.

The transaction involved a combined stake of 1.99% of the company's total paid-up equity share capital. Promoters Ashokkumar Haridas Lal and Jitendrakumar Haridas Lal each sold an equal portion of their holdings to ensure regulatory adherence under SEBI listing obligations.

Sale details and promoter holdings

The sale was executed through the open market route as per Rule 19(2)(b) and Regulation 38 of SEBI (LODR) Regulations, 2015. The company confirmed that the entire sale was completed within the timeline specified in its earlier intimation dated August 27, 2026.

Compliance and regulatory context

The company stated that each promoter sold less than 2% of the total paid-up equity share capital. This action was taken to achieve the mandatory minimum public shareholding threshold required for listed entities. The filing was signed by Archanaba Krunalsinh Gohil, Company Secretary and Compliance Officer, confirming continued transparency and compliance with applicable SEBI regulations.

Shreeji Shipping Global Limited has formally declared the results of its second Annual General Meeting (AGM) held on September 29, 2026. All 20 resolutions proposed by the Board were approved by shareholders, including the critical special resolution authorizing borrowings and asset charges up to ₹1,500 crore.

The submission of the Consolidated Scrutinizer's Report on October 1, 2026, confirms that the Board now possesses expanded financial authority. The meeting, conducted virtually via video conferencing, saw high participation from both promoter and public shareholders, with a total of 147,317,126 votes polled across various resolutions.

Key Resolutions and Borrowing Powers

The primary focus of the AGM was expanding the company's debt capacity to support operational growth. The following key resolutions were passed:

• Borrowing Authority: A special resolution was passed to allow the Board to borrow money in excess of paid-up share capital and free reserves under Section 180(1)(c) of the Companies Act, 2013.
• Asset Charges: Shareholders approved the creation of charges, mortgages, pledges, or hypothecation on company assets up to ₹1,500 crore.
• Section 186 & 185 Approvals: Special resolutions granting powers under Sections 186 and 185 of the Companies Act were also passed, facilitating inter-corporate loans and guarantees.
• Auditor Appointments: Mittal V. Kothari & Associates were appointed as Secretarial Auditors for FY27, and remuneration for cost auditors for FY27 was ratified.
• Director Reappointment: Jitendrakumar Haridas Lal was reappointed as Director, retiring by rotation.

Related Party Transactions

The AGM addressed multiple material related party transactions, requiring ordinary resolution approvals. These dealings highlight the company's operational dependencies within the Shreeji group ecosystem. The specific entities and individuals involved include:

Voting Participation and Scrutiny

The voting process was overseen by SCS and Co. LLP, Company Secretaries, as the appointed Scrutinizer. The report highlights significant engagement from institutional and non-institutional public shareholders, particularly regarding related party transactions where promoter interest was noted.

For the core financial resolutions (such as adopting FY26 financial statements), the turnout was robust, with 90.42% of outstanding shares participating in the vote. In contrast, for related party transactions where promoters were interested, their votes were excluded or marked invalid per regulatory norms, leaving public shareholders to decide the outcome. For instance, in the approval of transactions with Shreeji Shipping Services (India) Limited, public shareholders cast 3,946,872 votes, with 80.24% in favor.

Meeting Proceedings and Compliance

The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars. Chairman and Managing Director Ashokkumar Haridas Lal chaired the session, which commenced at 12:20 pm and concluded at 12:50 pm. The Company Secretary, Archanaba Krunalsinh Gohil, noted that the Secretarial Audit Report for FY26 contained qualifications and observations, which were read aloud along with management responses. The Statutory Audit Report did not contain any qualifications.

Remote e-voting facilities were provided by the National Securities Depository Limited (NSDL). The scrutiny process involved unblocking votes in the presence of witnesses, ensuring transparency in the declaration of results.