Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with applicable SEBI Circulars, we are pleased to inform the stock exchanges ....
SHREEJISPG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shreeji Shipping Global Limited has received approval from the Income Tax Department to opt into the Tonnage Tax Scheme (TTS) under Chapter XII-G of the Income-tax Act, 1961. The approval covers the company's eligible qualifying inland vessels engaged in the shipping business. It will be effective from Financial Year 2025-26 and is valid until FY 2034-35. The company expects this tax framework to provide enhanced long-term tax visibility and improved tax efficiency, positively impacting profitability and cash flows. This also supports the company's long-term growth strategy and operational scalability.
Positive for shareholders as the tax scheme should reduce the company's tax burden on shipping operations, improving profitability and cash flows over the long term. However, this is a regulatory tax approval rather than a revenue-generating announcement.