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 that Shreeji Shipping Global Limited ( the Company ) has received approval from the Income Tax Department for opting into the Tonnage Tax Scheme ( TTS ) under Chapter XII-G of the Income-tax Act, 1961 in respect of its eligible qualifying inland vessels engaged in the shipping business.The approval shall be effective from Financial Year 2025-26, subject to compliance with the applicable provisions of the Income-tax Act, 1961 and rules framed thereunder.The approval marks a significant milestone for the Company and reinforces its position in the inland shipping sector. The Company believes that the Tonnage Tax Scheme framework is expected to provide enhanced long-term tax visibility for its eligible shipping operations, which will have a positive impact on the Company s profitability and cash flows over the long term.The approval is also expected to strengthen the Company s long-term growth strategy and support operational scalability.The above information is being disclosed in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
SHREEJISPG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shreeji Shipping Global Limited received approval from the Income Tax Department to opt into the Tonnage Tax Scheme under Chapter XII-G of the Income-tax Act, 1961 for its eligible qualifying inland vessels engaged in the shipping business. The approval will be effective from Financial Year 2025-26 (Assessment Year 2026-27) and will expire by FY 2034-35. The company expects this tax scheme to provide enhanced long-term tax visibility and improved tax efficiency for its eligible shipping operations. Management believes this will have a positive impact on the company's profitability and cash flows over the long term, while also supporting operational scalability and long-term growth strategy.
The Tonnage Tax Scheme approval represents a favourable regulatory development that could improve the company's tax efficiency and bottom-line profitability starting from FY 2025-26. While the exact financial impact is not quantified, the scheme provides predictable tax visibility for eligible shipping operations over the next several years.