Shreeji Shipping Global Limited has filed two applications before the Gujarat High Court as part of ongoing admiralty proceedings involving five of its vessels. The company disclosed these developments on January 21, 2026, in continuation of its previous disclosures dated December 27, 2025 and January 07, 2026.

Court Applications Filed

The company has submitted two separate applications to address the current situation regarding its arrested vessels:

Vessel Release Progress

Following interim directions from the Gujarat High Court, Shreeji Shipping Global has achieved a significant milestone in the proceedings. The company successfully secured an order for the release of one vessel after furnishing the requisite bank guarantee as directed by the court.

Current Status and Next Steps

Both applications are currently under consideration before the Gujarat High Court. The company has committed to keeping the stock exchanges informed of any material developments in the matter, in accordance with applicable regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The disclosure follows the company's ongoing compliance obligations regarding the admiralty proceedings. Shreeji Shipping Global has maintained transparency with stakeholders through regular updates as the legal proceedings progress through the judicial system.

The company's proactive approach in filing these applications demonstrates its efforts to resolve the vessel arrest situation while maintaining its legal position in the ongoing admiralty proceedings.

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.