Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Strategic Acquisition of Two Mini Bulk Carrier Vessels
SHREEJISPG · price
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Shreeji Shipping Global Limited has entered into Vessel Purchase Agreements to acquire two Mini Bulk Carrier vessels, M.V. Gautam BSTAR II and M.V. Sanghi Sudarshan, from Gautam Freight Private Limited. The aggregate purchase consideration is ₹55.66 crore (inclusive of GST), which translates to approximately ₹27.83 crore per vessel. Both vessels are Indian Coastal Vessel (ICV) classed with the Indian Register of Shipping, with a combined capacity of 8,810.80 DWT. The 100% payment was made via RTGS on April 27, 2026, and vessel delivery is scheduled for on or before May 1, 2026 at Bedi Port Anchorage. The acquisition deepens the company's coastal shipping footprint and enhances its ability to serve shallow-draft ports inaccessible to larger vessels.
This acquisition expands Shreeji Shipping's owned fleet capacity and operational reach along India's coastal corridor, which could improve revenue potential and operating efficiency. The deal is fully funded and not classified as a related-party transaction, indicating straightforward execution risk for shareholders.