Shreeji Shipping Global Limited has received partial relief in the ongoing admiralty proceedings, with the High Court of Gujarat ordering the release of two of its five arrested vessels. The company informed stock exchanges about the interim court order dated January 06, 2026, which provides conditional relief while legal proceedings continue.

Background of Admiralty Proceedings

The admiralty suit was originally filed by Segal Ships Private Limited, resulting in the High Court of Gujarat at Ahmedabad granting an order on December 24, 2025. The court-ordered arrest affected all five vessels belonging to Shreeji Shipping Global Limited, with the company receiving communication about the initial order on December 26, 2025.

Court Grants Partial Relief

The Hon'ble High Court of Gujarat has passed an interim order directing the release of two vessels upon furnishing security in favor of the Registrar, High Court of Gujarat. This development represents significant progress in the company's legal battle, providing operational relief while maintaining court oversight through the security requirement.

Company's Ongoing Legal Strategy

Shreeji Shipping Global Limited continues to contest the matter on merits and has initiated comprehensive legal proceedings. The company is actively pursuing action for vacating the arrest of remaining vessels and seeking reduction in the amount of security requirement. This multi-pronged approach demonstrates the company's commitment to resolving the matter through proper legal channels.

Regulatory Compliance and Future Outlook

The company maintains full compliance with the directions of the Hon'ble High Court while pursuing its legal remedies. This disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the requirements outlined in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring continued transparency with stakeholders regarding material developments 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.