Promoters to sell 2% stake to meet minimum public shareholding norms
SHREEJISPG · price
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.3 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters Mr. Ashokkumar Haridas Lal and Mr. Jitendrakumar Haridas Lal plan to sell up to 2 percent (32,58,364 shares, 1 percent each) of Shreeji Shipping Global equity in the open market between August 31 and September 30, 2026. The purpose is to comply with minimum public shareholding rules. Current promoter holding stands at 90 percent. Sale will happen in single or multiple tranches. Promoters have undertaken not to buy shares during the sale period.
Promoter stake sale of 2 percent may create short-term supply pressure on the stock. Post-sale public holding will rise from current 10 percent.