Sadhav Shipping Limited — Others, 20-08-2025: Appointment

Sadhav Shipping's Board has announced significant governance and strategic updates. The company appointed Mr. Kairali Gopi Nath and Mr. Bibekananda Satapathy as additional non-executive independent directors, enhancing board expertise. Concurrently, Mr. Rajesh Kakkar resigned, leading to committee re-constitutions. Crucially, the Board approved changes to a joint venture agreement for a new entity, United Sadhav Integrated Maritime Private Limited. This JV will expand operations into ship manufacturing, port infrastructure for offshore supply, and oil/gas exploration. Sadhav will hold 26% equity for an investment of Rs. 26,000. The company also appointed new internal and secretarial auditors, strengthening compliance.