Promoters complete open-market sale of 32,50,000 shares (1.9948%) to meet minimum public shareholding

Shreeji Shipping Global Ltd has informed the exchanges that two of its promoters have completed the sale of equity shares in the open market to achieve the minimum public shareholding (MPS) requirement.

Fri 2 Oct 2026

Shares sold by Ashokkumar Haridas Lal

16,25,000 equity shares of face value ₹10 each, equal to 0.9974% of total equity share capital

Shares sold by Jitendrakumar Haridas Lal

16,25,000 equity shares of face value ₹10 each, equal to 0.9974% of total equity share capital

Total shares sold

32,50,000 equity shares, or 1.9948% of total equity share capital

Purpose of sale

to achieve the minimum public shareholding (MPS) requirement

Promoter sale size limit

each promoter sold less than 2% of the total paid-up equity share capital

What the company informed

The update, dated October 02, 2026, is an update to the company's earlier intimation dated August 27, 2026. It states that Mr. Ashokkumar Haridas Lal and Mr. Jitendrakumar Haridas Lal, promoters of the company, have successfully completed the sale of equity shares of face value ₹10 each in the open market. The purpose stated is to comply with the minimum public shareholding (MPS) requirement.

The update refers to Rule 19(2)(b) and 19(A) of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The numbers

• Ashokkumar Haridas Lal: 16,25,000 equity shares sold, being 0.9974 of the total equity share capital.
• Jitendrakumar Haridas Lal: 16,25,000 equity shares sold, being 0.9974 of the total equity share capital.
• Total: 32,50,000 equity shares sold, being 1.9948 of the total equity share capital.

What is minimum public shareholding?

Listed companies are required to keep a minimum portion of their shares held by the public rather than by promoters. When promoter holding is above the level allowed, promoters reduce their stake so that the public holding rises to the required level. This update says the sale was done for that purpose, and the company states the sale has been completed within the timeline mentioned in its earlier intimation.

Other confirmations in the update

• Each promoter has sold less than 2% of the total paid-up equity share capital of the company.
• The company states the information is being given to ensure continued transparency.

How a retail investor can read this

• This is a promoter-level sale of shares in the open market, described by the company as a step to meet the minimum public shareholding requirement, and the company states it was completed within the stated timeline.
• Because the shares were sold by promoters, the promoter group's holding in the company reduces by the number of shares sold, while the shares move to buyers in the open market.
• The update gives the size of the sale in both share count and percentage terms, so the reader can see the scale: 32,50,000 shares, equal to 1.9948 of total equity share capital, split equally between the two promoters named.
• The company reiterates that the sale was within the timeline it had earlier communicated and that each promoter's sale stayed under 2% of the total paid-up equity share capital.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.