<p class="MsoNormal" style="margin-left:36.0pt"><b><span style="font-size:14.0pt;

line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Shreeji Shipping Global</span></b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">,

a prominent player in the Indian maritime sector, has announced a significant

expansion of its operational capacity through the acquisition of two additional

mini-bulk carriers. This strategic investment is designed to strengthen the

company’s presence in the growing coastal shipping and regional trade markets.</span></p><p class="MsoNormal" style="margin-left:36.0pt"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif"><span style="font-weight: bolder; font-family: ui-sans-serif, system-ui, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: medium;"><span style="font-size: 14pt; line-height: 21.4667px; font-family: &quot;Times New Roman&quot;, serif;">Strategic Investment &amp; Fleet Growth</span></span></span></b></p><ul style="margin-top:0cm" type="disc"><li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Capacity

Enhancement</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: The acquisition of these two

vessels significantly increases the firm's total tonnage, allowing for

higher frequency and greater volume in bulk cargo movements.<o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Regional

Connectivity</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: These mini-bulk carriers are

specifically suited for navigating smaller ports and shallow-draft

terminals, enhancing connectivity along the Indian coastline and nearby

regional hubs.<o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Operational

Versatility</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: The new additions will be deployed

to handle a variety of dry bulk commodities, including coal, minerals, and

agricultural products, catering to a diverse industrial client base.<o:p></o:p></span></li>

</ul>

<p class="MsoNormal" style="margin-left:36.0pt"><b><span style="font-size:14.0pt;

line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Market Positioning &amp;

Industry Trends<o:p></o:p></span></b></p>

<ul style="margin-top:0cm" type="disc">

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Coastal

Shipping Push</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: This move aligns with the

Government of India’s focus on the <b>Sagarmala Project</b>, which aims to

promote coastal shipping as a cost-effective and environmentally friendly

alternative to road and rail transport.<o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Supply

Chain Resilience</span></b><span style="font-size:14.0pt;line-height:115%;

font-family:&quot;Times New Roman&quot;,serif">: By expanding its own fleet, Shreeji

Shipping Global aims to provide more reliable and flexible logistics

solutions, reducing dependence on chartered tonnage in a volatile market.<o:p></o:p></span></li>

<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,serif">Modernization

Goals</span></b><span style="font-size:14.0pt;line-height:115%;font-family:

&quot;Times New Roman&quot;,serif">: The acquisition reflects a broader industry

trend of fleet renewal and expansion to meet the rising demand for

efficient maritime logistics within the Indian subcontinent.<o:p></o:p></span></li>

</ul>