Shreeji Shipping Global Gains Tonnage Tax Scheme Approval; Stock Delivers 72% Return Since IPO

Shreeji Shipping Global Limited has received approval from the Income Tax Department to opt for the Tonnage Tax Scheme (TTS) under Section 115VP(1) of Chapter XII-G of the Income-tax Act, 1961, for its eligible qualifying inland vessels engaged in the shipping business. The approval marks a significant development for the company and is expected to strengthen its long-term growth prospects through improved tax efficiency and predictable tax liabilities. 

Being floated in the Indian stock market in August 2025, the company has turned into an excellent wealth creator for the investors. Shares of Shreeji Shipping Global Limited were listed on NSE and BSE Ltd on August 26, 2025. The IPO issue price was ₹252 per share while the listing price was ₹270 per share providing good listing gains. Since its listing, the stock has delivered multibagger returns of 72% to its investors. In the year-to-date performance, it has gained 27.82%.

Approval Valid Till FY35

As per the company, this approval would be applicable starting Financial Year 2025-26, which corresponds to Assessment Year 2026-27. The approval would continue to be valid up to Financial Year 2034-35 or any other such date as provided by the law, provided that the requirements under the Income-tax Act, 1961, and relevant rules are met.

It is believed that the approval would improve the company’s visibility in respect of taxation and also result in tax efficiency for eligible shipping activities of the company.

How the Tonnage Tax Scheme Benefits the Company

Under the Tonnage Tax Scheme, the amount of tax payable depends on the net tonnage of the ships used in the business instead of the profit that the company makes from its operations. This means that despite the revenues increasing substantially, the company will still pay the same amount of tax. This will mean that for Shreeji Shipping Global, there will be reduced tax payments and thus increased earnings.

Strategic Port Handling Agreement Strengthens Growth Plans

This comes in addition to another strategic milestone that has been accomplished by the firm recently. In one such instance, Shreeji Shipping Global has signed an agreement in which the firm will handle all dry bulk as well as liquid cargo from a strategically located 200 meters waterfront area in Karanja Creek in Raigad, Maharashtra. The Strategic Port Handling Agreement was signed with Karanja Terminal & Logistics Private Limited. This agreement becomes effective from February 10, 2026.

Strong Presence in Shipping and Logistics

Shreeji Shipping Global Ltd is an eminent service provider in the field of integrated shipping and logistics services for dry bulk cargo transportation in India and Sri Lanka. The firm maintains its own fleet of above 80 ships, including barges, mini bulk carriers, tugs, and floating cranes. It also maintains more than 370 pieces of earthmoving and cargo handling equipment.