Your directors are pleased to present the 02^nd Annual Report of Shreeji Shipping Global Limited ("the Company" or "Shreeji") along
with the Audited Financial Statements of your Company for the financial year ("FY") ended March 31,2026; being the first Annual
Report post listing.

RESULTS OF OPERATIONS AND THE STATE OF THE COMPANY'S AFFAIRS:

The Audited Financial Statements of the Company as on March 31,2026, are prepared in accordance with the relevant applicable
Indian Accounting Standards ("Ind AS") and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the provisions of the Companies Act, 2013 ("Act").

The summarized standalone & consolidated financial highlight is depicted below:

FINANCIAL PERFORMANCE HIGHLIGHTS
STANDALONE:

During the year under review, your Company has recorded
total Revenue from Operations of '7050.08 million during the
financial year 2025-26 as compared to '5840.82 million in the
corresponding previous financial year which shows 20.70%
growth in the turnover.

Your Company has recorded total income of '7347.37 million
during the Financial Year 2025-26 as compared to '5868.43
million in the corresponding previous financial year.

Earnings before Interest, Depreciation, Tax, and Amortization
(EBITDA) increased to '2461.83 million in FY 2025-26, as against
'1916.49 million in the previous year. The Company achieved
a Net Profit After Tax (PAT) of '1564.10 million, representing
an increase of approximately 8.64% over the PAT of '1439.69
million reported in FY 2024-25.

Earnings per share stood at ' 9.99 on face value of '10/- each.

Profit of your Company has increased due to significant increase
in Turnover and operational efficiency, despite a reduction in
Other Comprehensive Income compared to the previous year.

FINANCIAL PERFORMANCE HIGHLIGHTS
CONSOLIDATED:

During the year under review, your Company has recorded
total Revenue from Operations of '7093.78 million during the
financial year 2025-26 as compared to '5840.82 million in the
corresponding previous financial year which shows 21.45%
growth in the turnover.

Your Company has recorded total income of '7391.07 million
during the Financial Year 2025-26 as compared to '5868.43
million in the corresponding previous financial year.

Earnings before Interest, Depreciation, Tax, and Amortization
(EBITDA) increased to '2430.3 million in FY 2025-26, as against
'1916.45 million in the previous year.

The Company achieved a Net Profit After Tax (PAT) of '1526.96
million, representing an increase of approximately 6.07% over
the PAT of '1439.62 million reported in FY 2024-25.

Earnings per share stood at ' 9.75 on face value of ' 10/- each.

Profit of your Company has increased due to significant increase
in Turnover and operational efficiency, despite a reduction in
Other Comprehensive Income compared to the previous year.

DIVIDEND:

During the financial year under review, the Board of Directors,
at its meeting held on February 24, 2026, declared Interim
Dividend of 10% of Face value i.e. ' 1.00/- (Rupee One only) per
Equity share having face value of ' 10/- (Rupees Ten only). The
said Interim Dividend was paid to those Members whose names
appeared in the Register of Members / beneficial owners as on
the Record Date i.e., February 28, 2026.

Pursuant to Finance Act, 2020, Dividend Income is taxable
in the hands of the Shareholders w.e.f. April 01, 2020 and
the Company is required to deduct tax at source (TDS) from
dividend paid to the Members at prescribed rates as per the
Income-tax Act, 1961.

DIVIDEND DISTRIBUTION POLICY

In accordance with Regulation 43A of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015 the Company has formulated and adopted a Dividend
Distribution Policy. The declaration and payment of dividend, if
any, is considered and recommended by the Board of Directors
in accordance with the said Policy, subject to the applicable
provisions of the Companies Act, 2013 and the approval of the
Members of the Company, wherever required.

The said Policy is available on the website of the Company and
can be accessed at:https://www.shreejishipping.in/assets/
img/policies/Dividend%20Distribution%20Policy.pdf

TRANSFER OF SHARES AND UNPAID/UNCLAIMED
DIVIDEND TO INVESTOR EDUCATION AND
PROTECTION FUND:

During the year under review, the Company declared an interim
dividend of 10%, i.e. '1.00 per equity share of '10 each, at the
meeting of the Board of Directors held on February 24, 2026.

The details of unpaid and unclaimed dividends lying with the
Company as on March 31,2026 are as under:

No amount of unclaimed dividend or shares are due for transfer to the Investor Education and Protection Fund administered by the
Central Government pursuant to Section 124 and 125 of the Companies Act, 2013.

A statement containing the names, last known addresses
and amount of unpaid dividend payable to each person is
placed on the Company's website in compliance with section
124 of the Act at below link :https://www.shreejishipping.
in/assets/img/unpaid dividend/UNPAID%20DIVIDEND%20
DATA 31.03.2026.pdf

TRANSFER TO RESERVE:

During the year, the Company has not apportioned any amount
to other reserve. during the year. Full amount of net profit is
carried to reserve & Surplus account of the Company.

INITIAL PUBLIC OFFER & LISTING OF EQUITY
SHARES OF THE COMPANY:

During the year under review, the Company successfully
completed its Initial Public Offering ("IPO") comprising a fresh
issue of 1,62,98,000 (One Crore Sixty-Two Lakh Ninety-Eight
Thousand) Equity Shares of face value of '10/- each at an issue
price of '252/- per Equity Share (including a premium of '242/-
per Equity Share), aggregating to '4,107.10 million. The Equity
Shares were allotted on August 22, 2025 & the Equity Shares of
the Company were listed and admitted for trading on both BSE
Limited ("BSE") and National Stock Exchange of India Limited
("NSE") with effect from August 26, 2025.

UTILIZATION OF FUNDS:

Utilization of Funds Raised through Initial Public Offer (IPO):

The gross proceeds from the IPO and their deployment for the purposes stated in the offer, as detailed below:

Unutilised IPO proceeds as at March 31, 2026 are temporarily
invested in deposits as permitted under applicable regulations
and disclosed in the Prospectus.

*The Company has raised ' 4,107.10 million from fresh issue. During
quarter ended March 31,2026, Net proceeds were revised from '3,695.43
million to ' 3,698.80 million on account of issue expenses being lower by
' 3.37 million as compared to estimated figures mentioned in the offer
document dated August 22,2025, and the same balance of ' 3.37 million
has been added to General Corporate Purposes (GCP).

Statement of deviation(s) or variation(s):

Pursuant to Regulation 32(4) read with Regulation 32(1) of
the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, there was no variation between the actual
utilisation of funds and the projected utilisation of funds during
the year under review. Accordingly, no explanation for variation
is required to be provided.

Change in Nature of Business

During the year under review, there has been no change in the
overall nature of business of the Company, and it continues
to operate in line with its main objects as set out in the
Memorandum of Association.

The Company has been Engaged in the business of handling
dry bulk cargo providing complete solutions under one roof
right from the stevedoring, Lighterage, loading/ unloading
cargo, Documentation, Warehousing, Agency, Custom
Clearance and all ancillary services, at ports located Nationally
& Internationally, relating to the same. To carry on in India
or elsewhere, the business of establishing, maintaining and
operating, shipping company.

Changes in Share Capital:

During the year, there were no changes in the Authorised Share
Capital of the Company during the year under review.

Further, paid up capital of the Company increased from
' 1,46,62,02,540/- (Rupees One Hundred Forty-Six Crore Sixty-

Two Lakhs Two Thousand Five Hundred Forty Only) divided into
14,66,20,254 (Fourteen Crore Sixty-Six Lakh Twenty Thousand
Two Hundred Fifty-Four) Equity Shares of ' 10/- (Rupees Ten
Only) each to ' 1,62,91,82,540 (Rupees One Hundred and
Sixty-Two Crore Ninety-One Lakh Eighty-Two Thousand Five
Hundred and Forty) divided into 16,29,18,254 (Sixteen Crore
Twenty-Nine Lakh Eighteen Thousand Two hundred and Fifty-
Four) Equity Shares of ' 10/- (Rupees Ten Only) each pursuant
to Initial Public offer via fresh issue of 1,62,98,000 (One crore
sixty-two lakh ninety-eight thousand) Equity Shares of face
value of ' 10/- each at an issue price of ' 252/- per Equity Share
(including securities premium of ' 242/- per Equity Share) on
August 22, 2025. Subsequently, the shares of the company
were listed on BSE & NSE w.e.f. August 26, 2025.

Subsequently, the Equity Shares of the Company were listed on
the Bombay Stock Exchange (BSE) & National Stock Exchange
of India Ltd (NSE) on August 26, 2025.

The Share Capital of the Company after these changes stood as
follows as on the date of Report:

Authorized Capital

The present Authorized Share Capital of the Company is
' 1,70,00,00,000/- (Rupees One Hundred Seventy Crore Only)
divided into 17,00,00,000 (Seventeen Crore) equity shares of
'10/- (Rupees Ten Only) each.

Issued, Subscribed & Paid-Up Capital

The present Paid-up Share Capital of the Company is
' 1,62,91,82,540 /- (Rupees One Hundred and Sixty-Two Crore
Ninety-One Lakh Eighty-Two Thousand Five Hundred and
Forty) 16,29,18,254 (Sixteen Crore Twenty-Nine Lakh Eighteen
Thousand Two hundred and Fifty-Four) Equity Shares of ' 10/-
(Rupees Ten Only) each.

Demat Suspense Account/Unclaimed Suspense Account

As at March 31,2026, there were 58 outstanding Equity Shares
lying in the Demat Suspense Account / Unclaimed Suspense
Account of the Company.

The following disclosures are made in respect of shares lying in the Demat Suspense Account / Unclaimed Suspense Account:

Subsidiaries/Associates/ Joint Ventures:

As on March 31,2026, your Company had 3 subsidiaries and 1 joint venture. The details of the subsidiaries and joint venture of the
Company as at the close of the financial year 2025-26 are set out below:

Further, your Company does not have any Associate Companies as on March 31,2026.

#The Company had incorporated Shreeji Tisha Maritime Private Limited, bearing Corporate Identification Number (CIN): U69100GJ2026PTC175627. The
Certificate of Incorporation was issued by the Central Registration Centre, Manesar, on March 25,2026.

Shreeji Nuravi Chuperbhita Simlong Mines Private Limited,
incorporated on March 20, 2025, is a Joint Venture between
GKR Infracon (India) Private Limited (26%), Shreeji Shipping
Global Limited (37%), and Nuravi Imports and Exports Private
Limited (37%).

In accordance with Section 129(3) of the Companies Act,
2013, a statement containing salient features of the financial
statements of the subsidiary companies/ Joint ventures, in
Form AOC-1 is annexed to this Report as Annexure “A".

During the year, the Board of Directors reviewed the affairs of the
subsidiaries/ Joint venture. In accordance with Section 129(3)
of Companies Act, 2013, Consolidated Financial Statements
of your Company and of all its subsidiaries in accordance with
the relevant accounting standards have been prepared which
forms part of the Annual Report.

As required under Regulation 16(1 )(c) and 24 of the
Listing Regulations, the Company has adopted a policy for
determining material subsidiary and the said policy is available

on the Company's website athttps://www.shreejishipping.
in/assets/img/policies/Materiality%20And%20Material%20
Subsidiaries%20Policy.pdf.

During the financial year ended March 31, 2026, the company
does not have any material subsidiary.

Details of Material Changes/ commitments between the
end of the financial year of the company till the date of the
report:

There are no material changes and commitments, affecting the
financial position of the Company have occurred between the
ends of financial year of the Company i.e. March 31,2026 to the
date of this Report.

Credit Rating:

After closure of the financial year 2025-26, the ratings
committee of Crisil Ratings Limited has reaffirmed the previous
ratings for bank facilities of the Company on July 29, 2026.
Details of the Credit ratings are as under:

Change in the Registered Office:

During the year, there was no change in address of the
registered office of the Company. The Registered office of the
Company is situated at "SHREEJI HOUSE", Town Hall Circle,
Jamnagar-361001 Gujarat, India.

Public Deposits:

The company has not accepted any deposits from the public.
Hence, the directives issued by the Reserve Bank of India & the
Provision of Section 73 to 76 of the Company Act, 2013 or any
other relevant provisions of the Act and the Rules there under
are not applicable.

Particulars of Loans, Guarantees or Investments & Security:

Details of Loans, Guarantees, Investments and Security covered
under the provisions of Section 186 of the Companies Act, 2013
are given in the notes to the Financial Statement, which form
part of this Annual Report.

Code of Conduct for Prohibition of Insider Trading:

The Board of Directors has adopted the Insider Trading Policy in
accordance with the requirement of the Securities & Exchange
Board of India (Prohibition of Insider Trading) Regulations,
2015. The Insider Trading Policy of the Company lays down
guidelines and procedures to be followed and disclosures to
be made while dealing with shares of the Company as well as
consequences of disclosures to be made while dealing with
shares of the Company as well as consequences of violation.
The Policy has been formulated to regulate, monitor and
ensure reporting of deals by employees and to maintain the
highest ethical standards of dealing in Company's shares.

The Insider Trading Policy of the Company covering the "Policy
For Procedure of Inquiry in Case of Leak of Unpublished Price
Sensitive Information ("UPSI")" is available on the website at
https://www.shreeiishipping.in/assets/img/policies/Policv%20
For%20Procedure%200f%20Inquiry%20In%20Case%20
0f%20Leak%200f%20Unpublished%20Price%20Sensitive%20
Information.pdf and the "Code Of Conduct For Prevention Of
Insider Trading" is available on the website at

https://www.shreeiishippinq.in/assets/imq/policies/Code%20

Of%20Conduct%20For%20Prevention%20Of%20Insider%20

Trading.pdf

Maintenance of Structured Digital Database ("SDD") has been
mandatory since April 1,2019 in view of the relevant provisions
under the SEBI (Prohibition of Insider Trading) Regulations,
2015 ('PIT Regulations'). The Company has installed SDD
Services. Company regularly updates entries in this software.

Management Discussion and Analysis:

Management Discussion and Analysis Report for the year under
review, as stipulated under the Regulation 34 of Securities and
Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("SEBI Listing Regulations"),
is presented in a separate section of this Annual Report as
Annexure B.

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNELS

Constitution of Board

As on March 31, 2026, the Board of Directors of the Company comprised the following members:

Sr. No. Name of Director DIN Designation

1. Ashokkumar Haridas Lal 01736933 Chairman & Managing Director

2. Jitendrakumar Haridas Lal 00991555 Joint Managing Director

3. Suresh Amritlal Joshi 10979629 Independent Director

4. Sheelaben Mansukhlal Dattani 10856144 Independent Director

5. Vipulchandra Sureshchandra Acharya 07628071 Independent Director

6. Mayuri Bipinbhai Rupareliya 09696908 Independent Director

The Company's Board comprised six members including 2 (two) Executive Directors and 4 (four) Independent Directors. The
Board also includes 2 (two) woman independent Director thereby ensuring compliance with the statutory requirements as well as
maintaining a balanced and diverse composition.

The composition of the Board and its Committees, along with details relating to the tenure of Directors, their skills and areas of
expertise, and other relevant information, are provided in the Corporate Governance Report, which forms part of this Annual
Report as Annexure C.

In accordance with the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board
has identified the requisite skills, expertise and core competencies of its members having regard to the nature and requirements of
the Company's business. The detailed skills and competency matrix of the Board is provided in the Corporate Governance Report.

CHANGE IN BOARD COMPOSITION

Appointment/Re-appointment/Cessation

Changes in Composition of Board of Directors of the Company during the financial year under review are as under:

Mr. Thomaskutty Varghese has tendered his resignation as Non-executive Independent Director on January 31,2026 due to his
inability to continue as an Independent Director of the Company due to his limitations to attend Board Meeting in physical mode
for reason of his professional commitments and geographical constraints. There is no other material reason for his resignation
other than this.

Furthermore, Ms. Mayuri Bipinbhai Rupareliya was appointed as an Additional Non-Executive Independent Director of the Company
with effect from March 19, 2026, by the Board of Directors at its meeting held on the same date. Subsequently, the Members of
the Company, through Postal Ballot, approved and regularised her appointment as a Non-Executive Independent Director of the
Company for a term of five consecutive years on June 17, 2026.

Retirement by rotation and subsequent re-appointment

Mr. Jitendrakumar Haridas Lal (DIN: 00991555), Joint Managing Director, is liable to retire by rotation at the ensuing Annual General
Meeting, pursuant to Section 152 and other applicable provisions, if any, of the Companies Act, 2013, read with the Companies
(Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for
the time being in force), being eligible he has offered himself for re-appointment.

The resolution for his re-appointment is being placed before the shareholders at the ensuing Annual General Meeting. The details
required under Regulation 36(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial
Standards are provided in the explanatory notes to the AGM Notice.

Remuneration of Directors:

The details of remuneration/sitting fees paid during the FY 2025-26 to Executive Directors/Directors of the Company is provided
in Annual Return, i.e. Form MGT-7 a copy of which is placed on website of Company, i.e.https://www.shreejishipping.in/annual
returns.htmlat and in Corporate Governance Report forming part of this Annual Report.

Key Managerial Personnel (KMP)

Pursuant to provision of Section 203 of the Companies Act, 2013, the following persons were designated as Key Managerial
Personnel of the Company as on March 31,2026:

During the financial year 2025-26, there were following
changes in the Key Managerial Personnel of the Company:

Mrs. Harshida Jayesh Bhanushali has tendered her resignation
from the post of Chief Financial officer of the Company w.e.f.
October 27, 2025 (after closing of business hours). The Board
of Directors, at its meeting held on October 27, 2025, approved
the appointment of Mr. Chinmay Rajan Desai as Chief Financial
Officer w.e.f. October 28, 2025.

Disclosure by Directors:

The Directors on the Board have submitted notice of interest
under Section 184(1) of the Companies Act, 2013 i.e. in Form
MBP 1, intimation under Section 164(2) of the Companies Act,
2013 i.e. in Form DIR 8 and declaration as to compliance with
the Code of Conduct of the Company.

None of the Directors of the Company is disqualified for being
appointed as Director as specified in Section 164 (2) of the
Companies Act, 2013.

Independent Directors

In terms of Section 149 of the Companies Act, 2013 and rules
made there under and Listing Regulations, the Company has
Four (4) Non-Executive Independent Directors as on March 31,
2026.

Mr. Thomaskutty Varghese has tendered his resignation as
Non-executive Independent Director on January 31, 2026 due
to his inability to continue as an Independent Director of the
Company due to his limitations to attend Board Meeting in
physical mode for reason of his professional commitments and
geographical constraints. There is no other material reason for
his resignation other than this.

Furthermore, Ms. Mayuri Bipinbhai Rupareliya was appointed
as an Additional Non-Executive Independent Director of the
Company with effect from March 19, 2026, by the Board of
Directors at its meeting held on the same date. Subsequently,
the Members of the Company, through Postal Ballot, approved
and regularised her appointment as a Non-Executive
Independent Director of the Company for a term of five
consecutive years on June 17, 2026.

Your Company has received declarations from all the
Independent Directors of the Company confirming that they
meet with the criteria of independence as prescribed both
under sub-section (6) of Section 149 of the Act and Regulation
16(1)(b) of the SEBI Listing Regulations and there has been no
change in the circumstances which may affect their status as
an Independent Director. Further, In the opinion of the Board,
all your Independent Directors possess requisite qualifications,
experience, expertise including Proficiency and hold high
standards of integrity for the purpose of Rule 8(5)(iiia) of the
Companies (Accounts) Rules, 2014. List of key skills, expertise
and core competencies of the Board, including the Independent
Directors, is provided in the Corporate Governance Report, which
forms an integral part of this Annual Report. The Independent
Directors have also given declaration of compliance with Rules
6(1) and 6(2) of the Companies (Appointment and Qualification
of Directors) Rules, 2014, with respect to their name appearing
in the data bank of Independent Directors maintained by the
Indian Institute of Corporate Affairs.

The terms and conditions of appointment of Independent
Directors and Code for Independent Director are incorporated
on the website of the Company athttps://www.shreejishipping.
in/assets/img/policies/Terms%20and%20Conditions%20
for%20Appointment%20of%20Independent%20Director.pdf

Familiarization Program for Independent Directors:

The Company conducts a structured Familiarization Programme
to equip Independent Directors with the knowledge of their
roles, responsibilities, and rights. The programme also includes
an overview of the Company's operations, business model,
industry landscape, and key policies.

Independent Directors are regularly updated through
presentations and discussions at Board meetings covering
strategy, operations, finance, regulatory updates, and industry
developments.

Details of the familiarization programmes imparted to
Independent Directors are available on the Company's
website athttps://www.shreejishipping.in/assets/img/policies/
Familiarization%20Programme.pdf

Committees of Board:

The Board of Directors, in line with the requirement of the
act and the SEBI Listing Regulations, has formed various
committees, details of which are given hereunder.

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholder's Relationship Committee

4. Risk Management Committee

5. Corporate Social Responsibility Committee

Details of terms of reference of the Committees, Composition,
Committee membership changes, and attendance of Directors
at meetings of the Committees are provided in, are detailed in
the Report on Corporate Governance annexed to this Annual
Report.

Number of meetings of the Board:

The Board meets at regular intervals to deliberate on business
performance, strategies, and other key matters. As per statutory
requirements, Board meetings are held at least once every
quarter to review the financial and operational performance of
the Company. Additional meetings are convened as and when
necessary.

During the year under review, 29 (Twenty-Nine) Board meetings
were held. The intervening gap between the meetings did not
exceed 120 days, as prescribed under the Act and SEBI Listing
Regulations. The details of attendance of each Director at the
Board Meetings and Annual General Meeting are given in the
Corporate Governance Report, which forms part of this Annual
Report.

Independent Directors' Meeting:

The Independent Directors met twice during the Financial Year
2025-26, on August 09, 2025 and March 23, 2026 without the
attendance of Non-Independent Directors and members of
the management. The Independent Directors reviewed the
performance of Non-Independent Directors, the Committees
and the Board as a whole along with the performance of the
Chairman of the Company, taking into account the views of
Executive Directors and Non-Executive Directors and assessed
the quality, quantity and timeliness of flow of information
between the management and the Board that is necessary for
the Board to effectively and reasonably perform their duties.

Performance Evaluation

The Board of Directors has carried out an annual evaluation
of its own performance, board committees, and individual
directors pursuant to the provisions of Section 134(3) (p) the
Companies Act, 2013 read with Rule 8(4) of the Companies
(Accounts) Rules, 2014, and Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 in the following manners;

The performance of the board was evaluated by the board, after
seeking inputs from all the directors, on the basis of the criteria
such as the board composition and structure, effectiveness of
board processes, information and functioning etc.

The performance of the committees was evaluated by the
board after seeking inputs from the committee members on
the basis of the criteria such as the composition of committees,
effectiveness of committee meetings, etc.

The board and the nomination and remuneration committee
reviewed the performance of the individual directors on
the basis of the criteria such as the contribution of the
individual director to the board and committee meetings
like preparedness on the issues to be discussed, meaningful
and constructive contribution and inputs in meetings, etc. In
addition, the chairman was also evaluated on the key aspects
of his role.

Separate meeting of independent directors was held to
evaluate the performance of non-independent directors,
performance of the board as a whole and performance of the
chairman, taking into account the views of executive directors
and non-executive director Performance evaluation of
independent directors was done by the entire board, excluding
the independent director being evaluated.

Policy on Directors' appointment and remuneration:

Your Company's Policy on Directors' appointment and
remuneration and other matters (Remuneration Policy)
provided in Section 178(3) of the Act is available on the website
of the Company.

https://www.shreeiishipping.in/assets/img/policies/NRC%20

Policy.pdf

The Remuneration Policy for selection of Directors and
determining Directors' independence sets out the guiding
principles for the Nomination and Remuneration Committee
for identifying the persons who are qualified to become
the Directors. Your Company's Remuneration Policy is
directed towards rewarding performance based on review of
achievements. The Remuneration Policy is in consonance with
existing industry practice.

There has been no change in the policy during the year.

We affirm that the remuneration paid to the Directors is as per
the terms laid out in the Remuneration Policy.

Directors' Responsibility Statement:

Pursuant to Section 134(5) of the Act, the Board, to the
best of their knowledge and based on the information and
explanations received from the Company, confirm that:

a) in the preparation of the Annual Financial Statements for
the year ended March 31,2026, the applicable accounting
standards have been followed and there are no material
departures;

b) the Directors have selected such accounting policies and
applied them consistently and judgments and estimates
that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company at the
end of the financial year 2025-26 and of the profit of the
Company for that period;

c) the Directors have taken proper and sufficient care for
the maintenance of adequate accounting records in

accordance with the provisions of the Act for safeguarding
the assets of the Company and for preventing and
detecting fraud and other irregularities;

d) the Directors have prepared the Annual Financial
Statements on a going concern basis;

e) the Directors have laid down internal financial controls to
be followed by the Company and such internal financial
control are adequate and operating effectively;

f) the Directors have devised proper systems to ensure
compliance with the provisions of all applicable laws and
that such systems are adequate and operating effectively.

Internal Financial control system and their adequacy:

The details in respect of internal financial control and their
adequacy are included in Management Discussion and Analysis
Report, which forms part of this Integrated Annual Report.

Risk Management:

A well-defined risk management mechanism covering the risk
mapping and trend analysis, risk exposure, potential impact
and risk mitigation process is in place. The objective of the
mechanism is to minimize the impact of risks identified and
taking advance actions to mitigate it. The mechanism works
on the principles of probability of occurrence and impact, if
triggered. A detailed exercise is being carried out to identify,
evaluate, monitor and manage both business and non-business
risks.

The Company has not identified any significant or material risks
that may adversely affect its business operations or threaten its
continued existence.

The Risk Management Policy, as adopted by the Board of
Directors, is available on the Company's website athttps://
www.shreeiishipping.in/assets/img/policies/Risk%20
Management%20Policy.pdf.

Corporate Social Responsibility (CSR):

The Company has always adhered to its core philosophy of
contributing towards the welfare and development of society.
In accordance with the requirements of Section 135 of the
Companies Act, 2013, the Board of Directors has constituted
a Corporate Social Responsibility (CSR) Committee comprising
its members to oversee and manage the CSR activities of the
Company. The Board has also adopted the CSR Policy, which
is available on the website of the Company athttps://www.
shreeiishipping.in/assets/img/policies/CSR%20Policy.pdf

CSR initiatives and activities are aligned to the requirements of
Section 135 of the Act. During the Financial year 2025-26, our
Company incurred CSR expenditure of ' 3,84,55,000/- (Rupees
Three Crore Eighty-Four Lakh Fifty-Five Thousand Only) which
is as per the requirement to spent 2% of the average net profits
of the Company, during the three years immediately preceding
financial year in compliance of provisions of the Companies
Act, 2013. The Chief Financial Officer of the Company has
certified that CSR spends of your Company for financial year
2025-26 have been utilized for the purpose and in the manner
approved by the Board of the Company.

Our Company's CSR Policy and Annual Report on CSR Activities
undertaken during the Financial Year 2025-26, in accordance
with Section 135 of the Act and Companies (Corporate Social
Responsibility Policy) Rules, 2014, in the prescribed format, are
annexed to this Report as "Annexure D."

Corporate Governance Report:

Your Company strives to incorporate the appropriate standards
of corporate governance and ethical business practices. The
Corporate Governance Report, as required under SEBI Listing
Regulations, forms part of this Annual Report, along with the
requisite certificate from a Practicing Company Secretary
confirming compliance with the applicable corporate
governance requirements.

In compliance with corporate governance requirements as per
the SEBI Listing Regulations, your Company has formulated
and implemented a Code of Conduct for all Board members
and senior management personnel of your Company ("Code of
Conduct"), who have affirmed the compliance thereto. The Code
of Conduct is available on the website of your Company at

https://www.shreeiishipping.in/assets/img/policies/

Code%20of%20Conduct%20For%20Directors,%20Senior%20

Management%20&%20Independent%20Directors.pdf

Annual Return:

Pursuant to Section 134(3) (a) of the Act, the Annual Return as
of March 31, 2026 prepared in accordance with Section 92(3)
of the Act is made available on the website of your Company
and can be assessed using thehttps://www.shreeiishipping.in/
annual returns.html

Particulars of Contracts or Arrangements with Related
Parties:

All the Related Party Transactions entered into during the
financial year were on an Arm's Length basis and in the Ordinary
Course of Business and were in compliance with the applicable
provisions of the Companies Act, 2013 ("Act") and the rules
made thereunder, the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("Listing Regulations") and
the Company's Policy on Related Party Transactions. The
Company obtains omnibus approval from the Audit Committee
for Related Party Transactions which are repetitive in nature
and are entered into in the ordinary course of business.

Prior approval of the Audit Committee and the Board is
obtained for all related party transactions. The details of all
existing related party transactions are placed on a quarterly
basis before the Audit Committee and the Board for review.

Further, no related party transaction was entered into during
the year that could be considered prejudicial to the interests of
minority shareholders & of the company at large.

There were no material contracts, arrangements or transactions
entered during financial year 2025-26 that fall under the scope
of Section 188(1) of the Companies Act, 2013. Accordingly, the
prescribed Form AOC-2 is not applicable to the Company for
the financial year 2025-26 and hence does not form part of
this report. All the related party transactions entered by the
company forms part of Notes to the Financial Statements.

The Policy on Related Party Transactions is available on your
Company's website and can be accessed using the link:https://
www.shreeiishippina.in/assets/ima/policies/RPT%20Policv.pdf
Pursuant to the provisions of Regulation 23 of the SEBI Listing
Regulations, your Company has filed half yearly reports to the
stock exchanges, for the related party transactions.

Insurance:

Your Company has taken appropriate insurance for all assets
against foreseeable perils.

Statutory Auditors & Auditors' Report:

M/s. SARDA & SARDA, Chartered Accountants (FRN: 109264W),
Jamnagar, were appointed as Statutory Auditors of the
Company at the 1^st Annual General Meeting of the Company
held on July 09, 2025 for the term of remaining four consecutive
years till the conclusion of 5^th (fifth) Annual General Meeting to
be held in the calendar year 2029.

The Notes to the financial statements for the financial year
2025-26, referred in the Auditors Report are self-explanatory
and therefore do not call for any comments under Section
134 of the Companies Act, 2013. There are no qualifications
or reservations, or adverse remarks or disclaimers given by
Statutory Auditors in their Report. The Auditors' Report is
enclosed with the financial statements in this Annual Report.

Appointment of Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies
Act, 2013, read with the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, and in
terms of Regulation 24A of the SEBI Listing Regulations, 2015, the

Board of Directors of the Company has approved appointment
of M/S. MITTAL V. KOTHARI & ASSOCIATES, PRACTICING

COMPANY SECRETARY, peer-reviewed Company Secretary in
Practice, as the Secretarial Auditors of the Company for a period
of one (01) year, i.e., for F.Y. 2026-27, subject to the approval
of members at the ensuing Annual General Meeting, on such
remuneration, as recommended by the Audit Committee and
as may be mutually agreed between the Board of Directors of
the Company and the Secretarial Auditors from time to time.

Secretarial Auditor and their report:

Pursuant to the provisions of Section 204 of the Act, read
with the rules made thereunder, M/s. SCS & Co LLP, Practicing
Company Secretaries, had undertaken the Secretarial Audit
of the Company for the financial year 2025-26. The Secretarial
Audit Report (MR-3) for the year under review is annexed as
Annexure-E of this report.

Further, in compliance with Regulation 24A of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015, r.w. SEBI's Master Circular HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, NSE Master Circular
Ref No. NSE/CML/2026/10 & BSE Master Circular notice no.
20260430-29 dated April 30, 2026 and NSE Circular Ref. No:
NSE/CML/2023/30 & BSE Notice No. 20230410-41 dated April
10, 2023, the Annual Secretarial Compliance Report for the
financial year ended March 31, 2026, issued by M/s. SCS & Co.
LLP, has also been annexed to this Report as Annexure-E.

There have been few common annotations reported by the
above Secretarial Auditors in their Report with respect to:

Cost Auditors and Cost Records:

During the year under review, M/s. Mitesh Suvagiya & Co., Cost Accountants, (FRN: 101470) were appointed as the Cost Auditors of
the Company for the financial year 2025-26, in accordance with the applicable provisions of the Act.

In terms of Section 148 of the Act read with the Companies (Cost Records and Audit) Rules, 2014, based on the recommendations
of the Audit Committee, the Board of Directors appointed M/s. Mitesh Suvagiya & Co., Cost Accountants, (FRN: 101470), being
eligible, to conduct Cost Audit relating to the business of the Company for the year ending March 31,2027. M/s. Mitesh Suvagiya
& Co., Cost Accountants, Cost Accountants, have confirmed that they are free from disqualification specified under Section 141(3)
and proviso to Section 148(3) read with Section 141(4) of the Act and that their appointment meets the requirements of Section
141(3)(g) of the Act. They have further confirmed their independent status and an arm's length relationship with the Company. The
remuneration payable to the Cost Auditor is required to be placed before the Members in a General Meeting for their ratification.
Accordingly, a resolution for ratification of remuneration payable to M/s. Mitesh Suvagiya & Co. Cost Accountants is included in the
Notice of the 2^nd AGM forming part of this Annual Report.

INTERNAL AUDITOR:

Pursuant to Section 138 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014 (as amended), the Board
of Directors, on the recommendations of the Audit Committee, M/s. Manoj Pandya and Associates, Chartered Accountant, (FRN:
127281W) were appointed as the Internal Auditors of the Company for the financial year 2025-26.

Reporting of frauds by Auditors:

During the year under review, the Statutory Auditors, Cost Auditors & Secretarial Auditors of the company have not reported any
instances of fraud committed against the Company by its officers or employees to the Audit Committee or the Board under section
143(12) of the Act.

Secretarial Standards:

During the year under review, the Company has complied with all the applicable provisions of Secretarial Standard-1 and Secretarial
Standard-2 issued by the Institute of Company Secretaries of India.

Particulars of Employees:

The Company had 1913 employees as on March 31,2026.

The information required under Section 197 of the Act, read with
rule 5(1) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014, relating to percentage
increase in remuneration, ratio of remuneration of each
Director and Key Managerial Personnel (KMP) to the median of
employees' remuneration are provided in Annexure-F of this
report.

Prevention of Sexual Harassment at Workplace:

To foster a positive workplace environment, free from
harassment of any nature, Your company follows a gender-
neutral approach in handling complaints of sexual harassment
and we are compliant with the law of the land where we
operate.

Further, the company has complied with provisions relating
to the constitution of Internal Complaints Committee under
the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013.

During the year under review

• Number of Complaints received during FY 2025-26: NIL

• Number of Complaints disposed of during FY 2025-26:
NIL

• Number of Complaints pending/pending for more than
ninety days. for FY 2025-26: NIL

The Policy on Prevention of Sexual Harassment at Workplace,
as adopted by the Board of Directors, is placed on the website
of the Company

Vigil Mechanism:

Your Company has adopted a Whistle Blower Policy and has
established the necessary vigil mechanism for Directors and
employees in confirmation with Section 177 of the Act and
Regulation 22 of SEBI Listing Regulations, to facilitate reporting
of the genuine concerns about unethical or improper activity,
without fear of retaliation.

The vigil mechanism of your Company provides for adequate
safeguards against victimization of Directors and employees
who avail of the mechanism and also provides for direct access
to the Chairman of the Audit Committee in exceptional cases.

No person has been denied access to the Chairman of the
Audit Committee. The said Policy is uploaded on the website
of the Company athttps://www.shreejishipping.in/assets/
img/policies/Whistle%20Blower%20and%20Vigil%20
Mechanism%20Policy.pdf

During the year under review, your Company had not received
any complaint under the whistle blower policy.

Conservation of Energy, Technology Absorption, Foreign
Exchange Earnings and Outgo:

The information on conservation of energy, technology
absorption and foreign exchange earnings and outgo
stipulated under Section 134(3)(m) of the Act read with rule

8 of the Companies (Accounts) Rules, 2014, as amended is
annexure as Annexure-G of this report.

COMPLAINCE STATUS UNDER MATERNITY BENEFITS ACT,
1961

Company is in Compliance with the Maternity Benefits Act,
1961. However, no maternity benefit was claimed during the
year.

PROCEEDINGS INITIATED/PENDING AGAINST YOUR
COMPANY UNDER THE INSOLVENCY AND BANKRUPTCY
CODE, 2016.

There are no proceedings initiated/pending against your
Company under the Insolvency and Bankruptcy Code, 2016
which materially impact the business of the Company.

Cyber Security:

In view of increased cyberattack scenarios, the cyber security
maturity is reviewed periodically and the processes, technology
controls are being enhanced in-line with the threat scenarios.
Your Company's technology environment is enabled with real
time security monitoring with requisite controls at various
layers starting from end user machines to network, application
and the data.

Website:

As per Regulation 46 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Company
maintains a functional website athttps://www.shreejishipping.
in/, providing comprehensive information about the Company
for the benefit of its stakeholders.

The website contains, inter alia, information relating to the
Company's policies, shareholding pattern, financial results and
details of the designated officials responsible for assisting and
addressing investor grievances, along with other information
as required to be disclosed under the applicable provisions of
the Act & SEBI LODR Regulations.

Disclosure of certain types of agreements binding listed
entities:

There are no agreements that require disclosure under clause
5A of paragraph A of Part A of Schedule III of the Listing
Regulations.

Significant and material orders:

No significant or material orders were passed by Regulators or
Courts or Tribunals which impact or influence the Company's
going concern status and/ or its future operations.

General Disclosure:

Your Directors state that no disclosure or reporting is required
in respect of the following items as there were no transactions/
events of these natures during the year under review:

1. Details relating to deposits covered under Chapter V of
the Companies Act, 2013.

2. Issue of equity shares with differential rights as to
dividend, voting or otherwise.

3. There was no instance of onetime settlement with any
Bank or Financial Institution & details of difference

between amount of the valuation done at the time of one-time settlement and the valuation done while taking loan from the
banks or financial institutions along with the reasons thereof

4. Revision of financial statements and Directors' Report of your Company.

Acknowledgement:

Your Directors take this opportunity to thank all the stakeholders, government and regulatory authorities, financial institutions,
bankers, stock exchanges, depositories, analysts, advisors, JV partners, consortium partners, customers, vendors, suppliers, sub¬
contractors, members and all other stakeholders for their valuable sustained support.

The Board of Directors wish to place on record its sincere appreciation for the continued co-operation and support rendered by
your Company's executives, staff and workers. Your Directors also appreciate and acknowledge the confidence reposed in them by
members of your Company.

Registered office: By order of the Board of Directors

"SHREEJI HOUSE", Town Hall Circle, For, SHREEJI SHIPPING GLOBAL LIMITED

Jamnagar-361001, Gujarat, India CIN: L52242GJ2024PLC150537

Ashokkumar Haridas Lal Jitendrakumar Haridas Lal

Date: 06^th September, 2026 Chairman & Managing Director Joint Managing Director

Place: Jamnagar DIN: 01736933 DIN: 00991555