Shreeji Shipping Global MD, chairman and AGM

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended on March 31, 2026, together with the Reports of the Board of Directors and Auditors thereonMoreLess

  2 for0 against
• To appoint a director in place of Mr. Jitendrakumar Haridas Lal (DIN: 00991555) who retires by rotation and being eligible offers himself for reappointment;

  2 for0 against
• To approve appointment of M/S. Mittal V. Kothari & Associates, Practicing Company Secretary, Ahmedabad, as the Secretarial Auditor of the company for a term of one year for the financial year 2026-27

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundThe company proposes to appoint M/s. Mittal V. Kothari & Associates, Practicing Company Secretary, as secretarial auditor of the company for a term of one year, for FY27. SCS and Co. LLP, Company Secretaries, were the secretarial auditors for FY26. The company should have disclosed the proposed remuneration, which is a regulatory requirement. Further, the company must disclose the rationale for appointing Mittal V. Kothari & Associates for one year as against a five-year term. We do not support the resolution.

  1 for1 against
• Approval for ratification of payment of remuneration to the Cost Auditors for the financial year ending March 31, 2027

  2 for0 against
• To give authority to the board of directors to borrow money in excess of Paid-up share capital and Free Reserves of the company under section 180(1)(c) of the Companies Act, 2013

  2 for0 against
• To give authority to the board for creation of charge / mortgage / pledge / hypothecation / security on company’s assets upto Rs. 1500 crores;

  2 for0 against
• Approval of loans, guarantee or security under section 185 of the Companies Act, 2013

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundThe company proposes to give loans/guarantees or provide security to subsidiaries, associates or joint ventures of the company. The approval is enabling in nature. There is no clarity whether the financial support will be to the extent of shareholding. The company must disclose granular details including names of these companies and entities, details of other shareholders (other than that of the company), the nature and size of their operations and terms of support, whether the financial support is to the extent of the company’s shareholding and rationale, to enable shareholders to make an informed decision. Given the lack of clarity, we are unable to support the resolution.

  1 for1 against
• Approval of the Material Related Party Transactions with Shreeji Shipping Services (India) Limited

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundSSSIL is a promoter group entity and is engaged in activities related to operations, logistics, and bulk cargo handling. The proposed transactions include (i) selling or otherwise disposing of, or buying, property of any kind; and (ii) sale, purchase or availing or rendering of any services but not limited to cargo handling expenses/ services aggregating Rs. 2.0 bn in FY27. In FY26, the company entered into transactions for cargo handling income and expenses aggregating Rs. 0.5 bn. We raise concerns that the proposed limit of Rs. 2.0 bn is high compared to FY26 RPTs and also high at 362% of SSSIL’s turnover. Further, it is unclear why the company is entering into transaction for purchase / sale of property. The company should also clarify what percentage of SSSIL’s revenue is derived from related parties. We do not support the resolution.

  1 for1 against
• Approval of the Material Related Party Transactions with Siddhi Marine Services LLP

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundSMSL is a promoter group entity which is engaged in providing port related services. The proposed transactions include (i) selling or otherwise disposing of, or buying, property of any kind; and (ii) sale, purchase or availing or rendering of any services but not limited to cargo handling expenses/ services aggregating Rs. 2.0 bn in FY27. In FY26, the company entered into transactions for cargo handling income and expenses aggregating Rs. 0.4 bn. We raise concerns that the proposed limit of Rs. 2.0 bn is high compared to FY26 RPTs and also high at 1,199% of SMSL’s turnover. Further, it is unclear why the company is entering into transaction for purchase / sale of property. The company should also clarify what percentage of SMSL’s revenue is derived from related parties. We do not support the resolution.

  1 for1 against
• Approval of the Material Related Party Transactions with Shreeji Shippers Private Limited

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundSSPL is a promoter group entity which is in the business of inland water transport. The proposed transactions include sale, purchase or availing or rendering of any services but not limited to cargo handling expenses/ services aggregating Rs. 1.0 bn in FY27. In FY26, SSGL entered into transactions for cargo handling income aggregating Rs. 59.1 mn. We raise concerns that the proposed limit of Rs. 1.0 bn is high compared to FY26 RPTs and also high at 818% of SSPL’s turnover. The company should also clarify what percentage of SSPL’s revenue is derived from related parties. We do not support the resolution.

  1 for1 against
• Approval of the Material Related Party Transactions with Krishnaraj Shipping Company Limited

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundKSCL is a promoter group entity which is in the business of inland water transport. The proposed transactions include sale, purchase or availing or rendering of any services but not limited to cargo handling expenses/ services aggregating Rs. 2.0 bn in FY27. In FY26, SSGL entered into transactions for cargo handling income and expenses aggregating Rs. 0.1 bn. We raise concerns that the proposed limit of Rs. 2.0 bn is high compared to FY26 RPTs and also high at 2,702% of KSCL’s turnover. The company should also clarify what percentage of KSCL’s revenue is derived from related parties. We do not support the resolution.

  1 for1 against
• Approval of the Material Related Party Transactions with Alfalal Shipping Private Limited

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundASPL is a promoter group entity which is in the business of sea and coastal water transport. The proposed transactions include sale, purchase or availing or rendering of any services but not limited to cargo handling expenses/ services aggregating Rs. 1.0 bn in FY27. In FY26, SSGL did not enter into any transactions with ASPL. We raise concerns that the proposed limit of Rs. 2.0 bn is high at 3,695% of ASPL’s turnover. The company should also clarify what percentage of ASPL’s revenue is derived from related parties. We do not support the resolution.

  1 for1 against
• Approval of the Material Related Party Transactions with Shakti Clearing Agency Private Limited

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundKSCL is a promoter group entity which is in the business of transport and storage services incidental to land, water and air transportation. The proposed transactions include sale, purchase or availing or rendering of any services but not limited to cargo handling expenses/ services aggregating Rs. 1.0 bn in FY27. In FY26, SSGL entered into transactions for cargo handling expenses aggregating Rs. 29.1 mn. We raise concerns that the proposed limit of Rs. 2.0 bn is high compared to FY26 RPTs and also high at 3,397% of SCAPL’s turnover. The company should also clarify what percentage of SCAPL’s revenue is derived from related parties. We do not support the resolution.

  1 for1 against
• Approval of the Material Related Party Transactions with Shreeji Tisha Maritime Private Limited

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundSTMPL is a 51% subsidiary of SSGL. It is unclear who holds the balance 49% stake. STMPL was incorporated in March 2026 and is engaged in activities of shipping cargo agents, building of ships and floating structures. The proposed transactions include (i) sale, purchase or availing or rendering of any services but not limited to cargo handling expenses/ services; and (ii) selling or otherwise disposing of, or buying, property of any kin aggregating Rs. 2.0 bn in FY27. The company must disclose the reason for seeking a high limit with a newly incorporated entity and the reason for entering into sale / disposal / buying of any kind of property. We do not support the resolution.

  1 for1 against
• APPROVAL OF THE MATERIAL RELATED PARTY TRANSACTIONS WITH SHREEJI NURAVI CHUPERBHITA SIMLONG MINES PRIVATE LIMITED

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundSNCSMPL is in the business of site preparation for mining including overburden removal and other development and preparation of mineral properties and sites except oil and gas sites. SSGL holds 37% equity stake in SNCSMPL. It is unclear who holds the remaining equity stake. The proposed transaction are for providing financial assistance to SNCMPL upto Rs. 1.0 bn in FY27. It is unclear if the financial assistance will be in the proportion of shareholding. We do not support the resolution.

  1 for1 against
• Approval of the Material Related Party Transactions with Narottamka Commodities Private Limited

  2 for0 against
• APPROVAL OF THE MATERIAL RELATED PARTY TRANSACTIONS WITH TRINCASS VYAPAAR PRIVATE LIMITED

  2 for0 against
• Approval of the Material Related Party Transactions with Mr. Mitesh Ashokkumar Lal

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundMitesh Lal is the son of Ashokkumar Lal, promoter, Chairperson and Managing Director. The company proposes to pay upto Rs. 50.0 mn in FY27 to Mitesh Lal for availing legal and professional consulting services. The company paid him Rs. 10.8 mn as fees in FY26. There is no disclosure regarding the age, educational qualification and professional experience of Mitesh Lal. Further, the company has not disclosed how it has benchmarked the fees payable to Mitesh Lal and the exact nature of legal and consulting services to be availed from him. We do not support the resolution.

  1 for1 against
• APPROVAL OF THE MATERIAL RELATED PARTY TRANSACTIONS WITH MR. KRISHNARAJ JITENDRAKUMAR LAL

  ›Against Bank of India Mutual Fund

  • Bank of India Mutual FundKrishnaraj Lal is the son of Jitendrakumar Lal, promoter and Joint Managing Director. As per source, he has been serving as Consultant cum Strategic Advisor since October 2019. The company proposes to pay upto Rs. 50.0 mn in FY27 to Krishnaraj Lal for availing legal and professional consulting services. The company paid him Rs. 15.0 mn as fees in FY26. The company has not disclosed how it has benchmarked the fees payable to Krishnaraj Lal and the exact nature of legal and consulting services to be availed from him. We do not support the resolution.

  1 for1 against

• To Approve the Appointment of Ms. Mayuri Bipinbhai Rupareliya (DIN: 09696908) as a Non-Executive Independent Director of the Company for First Term of 5 (Five) Consecutive Years.

  1 for0 against