Sadhav Shipping begins execution of Chennai Port contract

Sadhav Shipping Limited, an integrated maritime services company listed on the NSE Emerge platform, has officially commenced operations for its Chennai Port Authority contract, marking a significant milestone in its business expansion.

The company announced that it has started executing the contract from April 2, 2026, following earlier disclosures regarding the receipt of a Letter of Intent (LOI) in February 2026.

This development has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely communication with investors and stakeholders.

Details of the Chennai Port contract

The contract awarded by the Chennai Port Authority is valued at approximately Rs 7.35 crore, representing a meaningful addition to Sadhav Shipping’s order book.

The scope of the contract includes:

• Deployment of 36 skilled mooring personnel
• Execution of mooring and unmooring operations
• Ensuring safe and efficient handling of vessels at the port

Mooring operations are a critical component of port activities, involving the securing of ships to docks during arrival and departure. This service requires trained personnel and strict adherence to safety protocols.

Contract duration and extension clause

The agreement has been structured for a period of three years from the date of commencement, providing steady revenue visibility for the company.

Additionally, the contract includes a provision for:

• Extension of up to one additional year
• Subject to mutual agreement between both parties

This flexibility allows for potential continuation of the engagement based on performance and operational requirements.

Operational readiness and execution

Sadhav Shipping has confirmed that it has already:

• Mobilised the required manpower
• Deployed necessary infrastructure
• Initiated operations in line with contractual terms

The timely commencement of the project reflects the company’s operational efficiency and ability to execute contracts without delays.

Strategic importance of the contract

The Chennai Port contract is strategically significant for several reasons:

1. Strengthening port services segment

The project enhances the company’s presence in port operations, a key segment of its business.

2. Expanding footprint in South India

By securing and executing a contract at Chennai Port, Sadhav Shipping is strengthening its footprint in the southern region of India.

3. Stable revenue stream

The multi-year nature of the contract provides predictable and recurring revenue, which is crucial for financial stability.

4. Reputation and credibility

Successful execution of such contracts improves the company’s credibility with port authorities and clients, opening doors for future opportunities.

Role of mooring services in port operations

Mooring services play a vital role in the overall functioning of ports. These services involve:

• Securing vessels safely during docking
• Assisting in berthing and unberthing operations
• Ensuring smooth movement of ships
• Maintaining safety standards

Given the complexity and risk involved, ports rely on experienced service providers like Sadhav Shipping to handle these operations efficiently.

Growth in maritime and port services sector

India’s maritime sector has been witnessing steady growth, driven by:

• Increasing cargo traffic
• Expansion of port infrastructure
• Government initiatives like Sagarmala Programme
• Rising demand for logistics and supply chain services

As ports handle larger volumes of cargo and vessels, the demand for specialised services such as mooring, offshore logistics, and marine support continues to increase.

This creates significant opportunities for companies like Sadhav Shipping.

About Sadhav Shipping Limited

Sadhav Shipping Limited was incorporated in 1996 and is headquartered in Mumbai. Over the years, the company has established itself as a provider of integrated maritime solutions.

Its service offerings include:

• Offshore logistics support
• Port services
• Oil spill response operations
• Specialised marine solutions

The company operates with a fleet of owned and chartered vessels and has built a pan-India coastal presence, catering to multiple sectors such as:

• Maritime
• Energy
• Infrastructure

Focus on operational excellence and safety

Sadhav Shipping places strong emphasis on:

• Operational efficiency
• Safety standards
• Regulatory compliance
• Ethical business practices

These factors are critical in the maritime industry, where operations involve high levels of risk and require strict adherence to safety protocols.

Impact on financial performance

The addition of a Rs 7.35 crore contract is expected to have a positive impact on the company’s financials by:

• Increasing revenue visibility
• Improving order book strength
• Supporting long-term growth

While the contract size may appear moderate, its multi-year nature ensures sustained contribution to the company’s income.

Investor perspective

For investors, this development signals:

• Continued order inflow
• Strong execution capabilities
• Expansion into key port locations

Such updates are particularly important for companies listed on SME platforms, where consistent project execution plays a crucial role in building investor confidence.

Regulatory compliance and disclosure

The company has made this announcement under SEBI’s Regulation 30, which mandates disclosure of material events.

This ensures that:

• Investors receive timely information
• Market transparency is maintained
• Stakeholders are aware of business developments

The communication has been officially signed by Mr. Kamal Kant Choudhury, Chairman and Managing Director of the company.

Future outlook

Looking ahead, Sadhav Shipping is likely to focus on:

• Securing more port service contracts
• Expanding its presence across major Indian ports
• Strengthening its marine logistics capabilities
• Enhancing fleet and infrastructure

With increasing activity in India’s maritime sector, the company is well-positioned to capitalise on emerging opportunities.

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