Tag

Shipping & Logistics

7 articles

Shipping and logistics companies are navigating a challenging environment, as evidenced by recent financial disclosures. Shahi Shipping reported a net loss for FY26, though an improvement from the prior year, alongside declining revenue and negative EBITDA, reflecting broader headwinds within the sector. While companies like Shreeji Shipping, Shahi Shipping, and Accuracy Shipping are proceeding with annual general meetings to address shareholder matters and director appointments, the dismissal of a suit against Guru Shipping & Clearing highlights ongoing legal complexities. These developments suggest investors should carefully assess the resilience of shipping firms amid persistent operational challenges and potential legal risks.

Company News

Essar Shipping AGM Approves Director Changes, Asset Sales

Essar Shipping's 16th AGM approved the re-appointment of Rajesh Desai and appointment of Subramanian Raman as an Independent Director. Members approved the disinvestment of two overseas subsidiaries,

Sector & Market

Shreeji Shipping Promoters Sell 1.99% Stake via Open Market

Shreeji Shipping Global promoters sold 32.5 lakh shares (1.99% stake) via open market to meet minimum public shareholding requirements. Promoters Ashokkumar Lal and Jitendrakumar Lal each sold 16.25 l

Company News

Accuracy Shipping 18th AGM Voting Results

Accuracy Shipping held its 18th Annual General Meeting virtually on September 30, 2026, to vote on four resolutions. Members voted on adopting FY26 standalone and consolidated financial statements and

Results

SCI 76th AGM Approves Financials, Dividends, Director Appointments

Shipping Corporation of India held its 76th Annual General Meeting virtually on September 23, 2026, to transact eight resolutions. Shareholders approved FY26 financial statements, confirmed interim di