Shreeji Shipping Global Limited has informed stock exchanges about admiralty proceedings filed against the company by Segal Ships Private Limited. The High Court of Gujarat at Ahmedabad granted an order on December 24, 2025, which the company received communication about on December 26, 2025.

Court Proceedings and Vessel Arrest

The admiralty suit filed by Segal Ships Private Limited resulted in the court-ordered arrest of five vessels belonging to Shreeji Shipping Global Limited. Following the court's order, the respective authority has arrested all five vessels of the company. Shreeji Shipping Global Limited is actively contesting the matter on merits and has initiated appropriate legal proceedings against the passed order.

Company's Response and Legal Strategy

Shreeji Shipping Global Limited has stated that it is contesting the admiralty suit on merits. The company is in the process of initiating appropriate legal proceedings against the court order that resulted in the arrest of its vessels. This indicates the company's intention to challenge the decision through proper legal channels.

Regulatory Compliance and Disclosure

The company has made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the requirements outlined in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring transparency with stakeholders regarding material legal proceedings.

Future Proceedings

The matter will be further heard on January 06, 2026, when more clarity on the proceedings and potential resolution may emerge. Shreeji Shipping Global Limited continues to monitor the situation and will provide updates as developments occur in the legal proceedings.

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.