Shreeji Shipping Global Limited has announced that its board of directors will convene on Tuesday, February 24, 2026, to deliberate on the declaration of interim dividend for the financial year 2025-26. The company communicated this development to both the National Stock Exchange of India Limited and BSE Limited on February 16, 2026, in accordance with regulatory requirements.

Board Meeting Agenda

The upcoming board meeting has been scheduled to address specific corporate matters that require board approval and consideration.

Regulatory Compliance and Trading Window Closure

In adherence to SEBI (Prohibition of Insider Trading) Regulations, 2015, and subsequent amendments from 2018, Shreeji Shipping Global Limited has implemented a trading window closure. This measure aligns with the company's Code of Conduct for Prevention of Insider Trading and ensures compliance with regulatory standards.

Stock Exchange Communication

The company has formally notified both major stock exchanges about the scheduled board meeting under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This prior intimation ensures transparency and keeps stakeholders informed about significant corporate developments.

The board meeting represents a significant corporate action as the company considers rewarding shareholders through interim dividend distribution for the ongoing financial year. The formal communication was signed by Archanaba Krunalsinh Gohil, Company Secretary and Compliance Officer, from the company's registered office in Jamnagar, Gujarat.

Shreeji Shipping Global Limited faces uncertainty over its strategic port handling agreement with Karanja Terminal & Logistics Private Limited following a communication from the Interim Resolution Professional indicating the Committee of Creditors has rejected the agreement. The development creates complications for the company's planned expansion into Maharashtra's logistics market.

Original Agreement Details

The Strategic Port Handling Agreement, originally effective February 10, 2026, had granted Shreeji Shipping Global exclusive rights to handle dry bulk and liquid cargo at a dedicated facility located at Karanja Creek, Raigad District, Maharashtra. The agreement encompassed several key operational parameters:

Committee of Creditors Rejection

On February 16, 2026, Shreeji Shipping Global received communication dated February 14, 2026 from the Interim Resolution Professional of Karanja Terminals and Logistics Private Limited, which is currently undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The Committee of Creditors in its meeting held on February 13, 2026 has not approved the Port Handling Agreement and declared it void ab initio.

Company's Response and Legal Position

Shreeji Shipping Global has noted that the agreement was executed by the authorized signatory of Karanja Terminals and Logistics Private Limited, being the Interim Resolution Professional, in his official capacity during the Corporate Insolvency Resolution Process period. The company's Board of Directors has taken note of the communication and is examining the matter to determine the appropriate further course of action.

Impact on Expansion Strategy

The rejection creates uncertainty over the company's geographic diversification strategy, which was intended to expand its operational footprint beyond its existing presence at Syama Prasad Mukharjee Port Trust, Kolkata. The Maharashtra expansion was strategically designed to position the company across both eastern and western coasts of India, enhancing its ability to service large cargo corridors for commodities including coal, pet coke, sulphur, and clinker.

The company has committed to inform stock exchanges of any material developments in this matter, as required under applicable regulations, maintaining compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.