Shreeji Shipping Global Limited completes 30 lakh-share OFS

Shreeji Shipping Global completed a 30 lakh-share Offer for Sale on November 3-4, 2026, with Ashokkumar Haridas Lal and Jitendrakumar Haridas Lal each selling 15 lakh shares and lowering their individual holdings to 39.93% from 40.85%. The disclosed base sale represented 1.84% of the company’s paid-up equity share capital.

How many shares did Shreeji Shipping Global promoters sell?

Shreeji Shipping Global’s two selling promoters completed sales of 30 lakh equity shares through the Offer for Sale, or OFS, on November 3 and November 4, 2026. Ashokkumar Haridas Lal sold 15 lakh shares, while Jitendrakumar Haridas Lal sold the same quantity, according to the November 5 completion disclosure.

The OFS was conducted through the separate window of the National Stock Exchange of India Limited, or NSE, with a floor price of ₹835 per equity share. The promoter disclosures state that the sale used a price-priority process at multiple clearing prices, rather than identifying one execution price for the full 30 lakh-share transaction.

The 30 lakh shares represented 1.84% of Shreeji Shipping Global’s paid-up equity share capital. Both disposals were reported as on-market sales through the stock-exchange mechanism, with the trading period running from November 3, 2026 to November 4, 2026 and the disclosures intimated to the company on November 5, 2026.

How did Shreeji Shipping Global promoter holdings change?

Shreeji Shipping Global reported that each selling promoter’s holding declined by 15 lakh shares and 0.92 percentage point after the OFS. Ashokkumar Haridas Lal and Jitendrakumar Haridas Lal each held 6,50,53,418 shares, or 39.93%, after the transaction, compared with 6,65,53,418 shares, or 40.85%, beforehand.

The two named promoters’ combined disclosed stake therefore moved to 79.86% after the sale from 81.70% before it, based on the individual percentages in the filing. That 1.84 percentage-point change matches the company’s statement that the 30 lakh-share OFS represented 1.84% of paid-up equity capital.

Shreeji Shipping Global did not disclose the identities of buyers or a shareholder-category breakdown of the shares sold in the November 3-4 process. Although the completion letter was addressed to both NSE and BSE Limited, the filing identifies NSE as the exchange where the trades were executed.

What value did Shreeji Shipping Global promoters report from the OFS?

Shreeji Shipping Global’s two promoters reported combined transaction value of ₹256.5405 crore for their 30 lakh-share OFS sales, excluding taxes, brokerage and other charges. Ashokkumar Haridas Lal disclosed ₹128.26965 crore for his 15 lakh shares, while Jitendrakumar Haridas Lal disclosed ₹128.27085 crore for an equal 15 lakh shares.

The floor-price equivalent of the full 30 lakh-share offer was ₹250.50 crore, calculated at the stated ₹835 per-share floor. The combined reported transaction value was ₹6.0405 crore above that floor-price equivalent, while the filing says the OFS was conducted at multiple clearing prices.

The two reported sale values differed by ₹12,000 despite the promoters each selling 15 lakh shares. Shreeji Shipping Global did not provide bid data, a clearing-price schedule, a weighted average sale price or the number of participating investors, so the filing does not explain the exact mix of prices behind the two values.

The Form C disclosures were made under Regulation 7(2) read with Regulation 6(2) of the Securities and Exchange Board of India, or SEBI, Prohibition of Insider Trading Regulations, 2015. Each promoter’s disclosure classifies the transaction as an OFS of equity shares through the stock-exchange mechanism and records November 5, 2026 as the date of intimation to the company.

Why were no additional Shreeji Shipping Global shares sold?

Shreeji Shipping Global’s promoters chose not to exercise the option to sell up to an additional 13.5 lakh shares under the OFS oversubscription portion. The original base offer was 30 lakh shares, and the company said no shares were offered or sold through the separate additional-share option.

If the full 13.5 lakh-share option had been used, the OFS could have reached 43.5 lakh shares. Instead, the completed quantity remained 30 lakh shares, leaving the disclosed post-OFS holdings at 39.93% for each seller rather than reflecting any further reduction.

The filing does not give a reason for declining the additional option and does not state whether investor demand exceeded the base offer size. It says only that the promoters decided not to sell the 13.5 lakh additional shares, and consequently the total shares tendered through the OFS were 30 lakh.

Shreeji Shipping Global also disclosed no additional promoter disposal in its November 5 announcement beyond the 15 lakh shares sold by each promoter during the two-day NSE sale window. The company described the notice as a completion disclosure for the exchanges and public shareholders, accompanied by the two promoters’ Form C notices.

What did the NSE OFS process involve?

Shreeji Shipping Global conducted the OFS through the NSE’s separate window on a price-priority basis at multiple clearing prices. The company set the floor price at ₹835 per equity share and specified November 3, 2026 as T Day and November 4, 2026 as T+1 Day.

The shares sold had a face value of ₹10 each, while the ₹835 figure was the OFS floor price. The filing distinguishes the floor price from the transaction values reported by the promoters, which exclude taxes, brokerage and other charges.

No derivative trades were reported in the attached promoter disclosures. The derivative-trading tables for both Ashokkumar Haridas Lal and Jitendrakumar Haridas Lal show no futures or options contracts, while identifying NSE in connection with the securities trade.

Conclusion

The completed OFS reduced the disclosed holdings of Ashokkumar Haridas Lal and Jitendrakumar Haridas Lal by the same 15 lakh shares each, taking both to 39.93% from 40.85%. The 30 lakh-share transaction represented 1.84% of paid-up equity capital and generated disclosed combined sale value of ₹256.5405 crore before taxes, brokerage and other charges.

The filing leaves the final clearing-price details, buyer identities and the reason for not using the 13.5 lakh-share oversubscription option undisclosed. Any subsequent exchange filing on promoter holdings or further equity sales would clarify whether the November 3-4, 2026 OFS remains the promoters’ only disclosed transaction after the option was left unused.