Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that our company has received a Letter of Award (LOA) from Kerwa coal Limited as Mine developer & Operator along with lead bid member M/s Nuravi Imports and Exports Private Limited (Nuravi), for a period twenty (20) years from the date of execution of the Agreement and may be extended for another 5 (Five) years at the sole discretion of KCL, pursuant to the non-fulfilment of obligations by the first (H1) bidder. Our company & Nuravi are in consortium of joint bidding for the said award with rights, obligations & profit-sharing ratio of 49 % & 51% respectively. The award has been granted to the Company along with the lead bid member as the next eligible bidder in the process (H2) bidder.
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Shreeji Shipping Global has received a Letter of Award from Kerwa Coal Limited to act as Mine Developer & Operator (MDO) for coal mining at the Kerwa Coal Mines, involving drilling, blasting, evacuation and selling of coal. The contract is for 20 years, extendable by another 5 years at KCL's discretion, and was awarded as the next eligible bidder (H2) after the first bidder failed to meet obligations. The company has partnered with M/s Nuravi Imports and Exports Private Limited in a consortium, with Shreeji holding a 49% share and Nuravi 51% of rights, obligations and profits. The award is subject to conditions precedent, including submission of a Security Deposit and/or Performance Bank Guarantee by May 15, 2026. The exact commercial value and revenue potential will be determined once the mining plan is finalized and approved. The disclosure was delayed because the company received the communication via physical courier on March 27, 2026.
This is a significant long-term mining contract that diversifies the company's revenue stream beyond shipping and is expected to contribute positively to financial performance once executed, though the actual revenue impact remains pending mining plan approval and fulfilment of conditions precedent by May 15, 2026.