Main Body
Shreeji Shipping Global Limited has executed a Port Operations Agreement with Indo Energy International Limited on September 14, 2026, for exclusive handling of permitted dry bulk cargo at Sanegaon Jetty, Raigad District, Maharashtra.
Key Terms of Agreement:
- IEIL has granted the Company exclusive rights to handle all permitted dry bulk cargo at Sanegaon Jetty
- Includes adjoining land for cargo storage, stacking and deployment of equipment
- Term: Initial period of 3 Contract Years commencing September 15, 2026
- Automatic extension by 2 additional Contract Years upon satisfactory performance
- Aggregate potential term of 5 Contract Years
Strategic Rationale:
- Extends the Company's dry bulk cargo handling operations to the Maharashtra coast
- Adds dedicated, exclusive jetty capacity and back-up land to existing shore-based handling infrastructure
- Strategically positioned to serve industrial hinterland of Mumbai, Raigad, Pune, Nashik and adjoining regions
- Rail connectivity through Roha provides access to significantly larger hinterland
- Expected to enhance cargo handling reach and create synergies with existing logistics capabilities
- Strengthens ability to cater to dry bulk cargo requirements across wider geographic area
Financial Details: Commercial terms, including financial consideration/size of the agreement, are confidential and have not been disclosed.
Relationship Details:
- No shareholding in Indo Energy International Limited
- Parties are not related to promoter/promoter group/group companies
- Transaction does not qualify as related party transaction
- Transaction conducted at arm's length basis
Regulatory Compliance: Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Other Key Announcements
No other material announcements disclosed in this filing.