Pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015, please find enclosed herewith statement of deviation/variation in utilization of ....
SHREEJISPG · price
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Shreeji Shipping Global Limited, which listed via a Main Board IPO in August 2025 raising Rs 4,107.1 million (16.3 million equity shares at Rs 252 each), has filed its quarterly statement of fund utilisation for Q4 FY2026. The filing confirms there is NO deviation or variation in the use of IPO proceeds. Funds have been deployed largely as per the original objects: Rs 2,511.79 million for acquisition of dry bulk carriers (Supramax category on secondary market), Rs 230 million for loan repayment/prepayment, Rs 956.93 million for general corporate purposes, and Rs 407.99 million for issue expenses. Issue expenses came in slightly lower than estimated by Rs 3.37 million, which has been added to the General Corporate Purposes allocation. A monitoring agency (Crisil Ratings Limited) is applicable. The Audit Committee reviewed the statement on May 29, 2026 and has no comments.
The absence of any deviation or variation is a positive signal, indicating the company is deploying IPO proceeds as committed in its offer document. Minor reallocation of issue expense savings to GCP is routine and immaterial.