Sadhav Shipping Limited — Important, 08-08-2025: Agreements

Sadhav Shipping and United Petro Shipping PTE Ltd. have signed a supplemental agreement for their joint venture aimed at establishing an Offshore Supply Base in India. The updated terms specify Sadhav Shipping's 26% ownership in the JV, alongside United Petro Shipping's 51% and United Petro Maritime's 23%. The JV company starts with a Rs. 0.01 Cr share capital and a three-member board. This strategic move strengthens the framework for Sadhav's expansion into offshore support services, providing clarity on operational structure for investors.