With reference to our disclosure dated February 11, 2026 regarding execution of a Port Handling Agreement with Karanja Terminals and Logistics Private Limited ( KTLP ), we wish to inform you that the Company has received a communication dated February 14, 2026 from the Interim Resolution Professional ( IRP ) of KTLP, which is presently undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.
SHREEJISPG · price
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Awaiting price reaction for this filing.
Shreeji Shipping had signed a Port Handling Agreement with Karanja Terminals and Logistics Private Limited (KTLP) on February 11, 2026. The company has now received a communication dated February 14, 2026 from the Interim Resolution Professional (IRP) of KTLP. KTLP is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. This means KTLP is in financial distress and an insolvency resolution process has been initiated against it. Shreeji Shipping is informing the stock exchanges as a material development. The exact nature of the communication or any financial exposure of Shreeji Shipping to KTLP has not been detailed in this filing.
Since KTLP is a counterparty under the recently signed Port Handling Agreement, this insolvency process creates uncertainty around that contract and any amounts owed to Shreeji Shipping by KTLP. Shareholders should watch for further disclosures clarifying the financial exposure and whether the agreement remains operative during the CIRP. The stock could see short-term volatility on concerns over counterparty risk.