Shreeji Shipping Global Limited has made a strategic move to expand its maritime logistics operations, marking a significant shift in its business model. The company's wholly-owned subsidiary has entered into a Time Charter Party Agreement with AMNS Shipping and Logistics Private Limited, signaling a transition from its traditional lighterage stevedoring services to a more comprehensive maritime logistics role.

Key Highlights of the Agreement

Strategic Implications

This agreement represents a pivotal moment for Shreeji Shipping Global Limited as it positions itself in the coastal shipping sector in India. The move is aligned with several key strategic objectives:

1. Service Diversification: By entering the coastal movement segment, Shreeji is evolving from a lighterage stevedoring services provider to a fully integrated maritime logistics player.

2. Revenue Stream Expansion: The company aims to unlock new annuity-style revenue streams, potentially enhancing its financial stability and growth prospects.

3. Asset-Backed Operations: The deployment of owned vessels like MV SJ LILY strengthens the company's business resilience through asset-backed operations.

4. Market Positioning: Shreeji's entry into the coastal shipping space, supported by owned vessels and established port relationships, may provide a competitive advantage in a sector with high entry barriers.

Industry Context

The coastal shipping industry in India is gaining momentum, driven by several factors:

• Government encouragement due to its cost-efficiency compared to road and rail transport
• Reduced pressure on national highways
• Lower fuel consumption
• Significant reduction in carbon emissions

These advantages are prompting major industrial customers to shift their bulk cargo to coastal routes, potentially creating demand for reliable coastal operators.

Future Outlook

Shreeji Shipping Global Limited appears to be pursuing further opportunities in the coastal shipping sector:

• The company is engaged in discussions with multiple industry participants to explore additional coastal deployment opportunities.
• These efforts reflect Shreeji's intention to broaden its service spectrum beyond stevedoring and cargo handling.
• The coastal division has the potential to become a growth engine for the company, potentially enhancing scale, improving revenue quality, and elevating Shreeji's profile as a comprehensive logistics solutions provider.

While this marks the beginning of Shreeji's expansion into coastal shipping, the move aligns with the emerging national logistics priorities and could contribute to the company's business prospects, subject to successful execution and finalization of arrangements.

Note: The specific duration of the contract and commercial details were not disclosed due to confidentiality considerations.

Shreeji Shipping Global Limited , a prominent player in the shipping industry, has released its monitoring agency report for the quarter ended September 30, 2025, detailing the utilization of proceeds from its Initial Public Offering (IPO) conducted in August 2025.

IPO Proceeds and Utilization

The company raised gross proceeds of Rs 4,107.10 million through its IPO, which took place from August 19-21, 2025. During the quarter, Shreeji Shipping Global utilized a total of Rs 1,181.88 million from the IPO proceeds. Here's a breakdown of the utilization:

General Corporate Purposes Breakdown

The funds allocated for general corporate purposes were utilized as follows:

Unutilized Proceeds

As of September 30, 2025, the company reported Rs 2,531.33 million in unutilized proceeds. The majority of these funds have been deployed in fixed deposits with various banks:

The remaining unutilized funds are held in current accounts and the company's monitoring account.

Monitoring Agency Report

CRISIL Ratings Limited, serving as the monitoring agency, reported no deviations from the disclosed objects of the IPO. The agency confirmed that all utilization was in line with the prospectus disclosures.

Future Plans

Shreeji Shipping Global Limited plans to use the remaining proceeds for the acquisition of Dry Bulk Carriers in the Supramax category from the secondary market. This strategic move aims to expand the company's logistics supply chain capabilities.

As the shipping industry continues to evolve, Shreeji Shipping Global's prudent utilization of IPO proceeds and strategic investments position it well for future growth and expansion in the maritime sector.

Investors and stakeholders can take confidence in the company's transparent reporting and adherence to its stated objectives, as verified by the independent monitoring agency.