Sadhav Shipping Limited — Important, 13-01-2025: Agreements

Sadhav Shipping Ltd. has entered into a Joint Venture Agreement with United Petro Shipping PTE Ltd. to establish an Offshore Supply Base in India. This collaboration will enhance Sadhav’s operational capabilities in the maritime sector. Each company will have the right to appoint one director to the Board of the Joint Venture, ensuring balanced governance.

Notably, there are no shareholding arrangements or related party transactions involved, eliminating concerns regarding conflicts of interest. With this strategic partnership, Sadhav showcases its commitment to expanding its footprint in the offshore supply market, which could lead to significant business growth in the coming years. Investors should maintain a positive outlook as this initiative could diversify revenue streams and strengthen market position.