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Shreyas Shipping & Logistics Ltd. Company History and Annual Growth Details

YEAR EVENTS
1988 - The Company was Incorporated as a private limited company on 16th
August and was converted into public limited company on 12.1.1994
It was promoted by late R. Sivaswamy and Family of the Transworld
group of companies. After obtaining the requisite permission
from the Ship Acquisition Licensing Committee in September 1993,
application was made for 3 container vessels. M.V. Orient
Triumph was inducted by the promoters as a part of their equity
participation in the project. The ship was renamed M.V. Orient
Prosperity, M.V. Orient Commerce which was taken subsequently
was temporarily given on time charter to M/s. Samudera Indonesia.

- The Company's object is to own and operate vessels.

1994 - 69,89,900 shares issued, subscribed and paid-up. 128,20,100
No. of equity shares were then issued at a prem. of Rs.10 per
share of which 4,08,350 shares and 74,58,750 shares were allotted
to promoters, relative, associates and group companies
respectively. Balance 49,53,000 shares were issued to the
public.

1995 - Permission was obtained from D.G. Shipping for starting service
between Mumbai-Colombo sector and M.V. Orient Prosperity was
deployed in the said sector in addition to a chartered in vessel.

- The Company entered into a strategic alliance to operate a
common carrier container feeder service between Mumbai/JNPT and
United Arab Emirates ports.

- Also order was placed for the new build with ABG Shipyard Ltd.
Magdala in Gujarat State with a capacity of 925 TEUs.

- The Company proposed to open a branch office in all transhipment
centres such as Dubai, Colombo and Singapore for shipping service
related activities.

- The Company undertook to part finance the cost of acquisition of
two second hand container vessels viz. Orient Commence & Orient
Independence of 8755 dwt and 430 TEUs capacity each.

1996 - The Company obtained necessary permission for the acquisition of
a second hand container vessel m.v. "Orient Centaurus" to be
renamed as M. "Orient Patriot" with a capacity of 1074 Tevs.

1997 - The Company acquired m.v. Orient Vision with a carrying capacity
of 349 Teus in March 1998 and was deployed on time charter.

2004

-Delist from Ahmedabad Stock Exchange (ASE) with effect from October 15, 2004.

2005

-Delist from the Cochin Stock Exchange Ltd (CSE) with effect from December 23, 2004.

2006

-Company has changed its name from Shreyas Shipping Ltd. to Shreyas Shipping & Logistics Ltd.

2007

-Shreyas Shipping acquires 51% stake in Haytrans.

-Shreyas Shipping & Logistics Ltd has appointed Mr. D T Joseph as an Additional Director (Non Executive Independent Director) of the Company with effect from September 10, 2007.

2008

-Shreyas Shipping & Logistics Ltd has appointed Mr. Amitabha Ghosh as an Additional Director (Non Executive Independent Director) of the Company with effect from March 20, 2008.

2009

--Registered Office of the Company has been shifted from 1110/1111, Embassy Centre, Nariman Point, Mumbai - 400 021 to 2nd Floor, Sahyadris, Geetmala Complex, Near Shah Industrial Estate, Opp. Deonar Village Road, Govandi (E), Mumbai -400 088.

2010

- Shreyas Shipping & Logistics Ltd has informed that Mr. Mannil Venugopalan has been appointed as an Additional Director (Non Executive Independent Director) of the Company with effect from September 03, 2010.

- Shreyas Shipping & Logistics Limited has appointed Mr. Mannil Venugopalan as an Additional Director (Non Executive Independent Director) of the Company with effect from September 03, 2010.

2012

- Shreyas Shipping & Logistics Ltd has signed Memorandum of Agreement (MOA) for purchase of one second hand vessel of 1700 teu capacity at a cost of about Rs. 33 crores. With the purchase of this vessel, the fleet strength increase to five.

- The Company has signed Memorandum of Agreement (MOA) for purchase of one second hand vessel of 1700 teu capacity at a cost of about Rs. 22 Crore. With the purchase of this vessel, the fleet strength increase to six.

2013
-Shreyas Shipping Board recommends Dividend for the financial year ended March 31, 2013 of Re. 0.60/- per equity share (6%) on 21,957,533 equity shares of Rs. 10/- each.

2014
-Shreyas Shipping bags contract from Food Corporation of India (FCI) for has been permitted by the Union Government to use the sea route to transport foodgrains from Andhra Pradesh to Kerala
-Shreyas Shipping Board recommends Dividend for the financial year ended March 31, 2014 of Re. 0.60/- per equity share (6%) on 21,957,533 equity shares of Rs. 10/- each.
-Shreyas Shipping gets contract from FCI to transport food grains through sea route.

2015
-Shreyas Shipping & Logistics has taken delivery of vessel M. V. SSL GUJARAT
-Shreyas Shipping & Logistics Ltd have approved a plan for acquisition of 4 container vessels ranging from 1700 teus to 2500 teus
-Shreyas Shipping & Logistics Ltd has signed a Memorandum of Understanding (MOU) for acquisition of one container vessel M. V. Oel Bharat
-Shreyas acquires two more container ships
-Shreyas Shipping & L Awards at India Seatrade Awards 2015
-Shreyas Shipping & Logistics Ltd hhas won "The Gateway Awards" for ÂCoastal Shipping Operator of the yearÂ

2016
-Shreyas Shipping & Logistics Ltd has informed BSE that the Company has on March 16, 2016 taken delivery of the vessel M.V. SSL VISAKHAPATNAM.
-Shreyas Shipping & Logistics Ltd has informed BSE that the Company has signed a Memorandum of Understanding (MOU) for acquisition of one container vessel of 1700 teus.

2017

-Company has signed a Memorandum of Understanding (MOU) for acquisition of one container vessel of 2500 teus.

-Shreyas Shipping signs JV agreement with Suzue Corp.

-Company has signed a Memorandum of Agreement (MOA) for acquisition of one container vessel of about 1100 teus.

2021

-Shreyas Shipping & Logistics has announced the acquisition of one bulk carrier vessel.

-Shreyas embarks into a new line of business of owning bulk carrier vessels.

-Company has signed a Memorandum of Agreement (MOA) for acquisition of one Bulk carrier of 35,152

2023

-Shreyas Shipping & Logistics Ltd. Signing of Memorandum of Agreement for acquisition of one container vessel.

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