DII Stake Increases: Shipping Company Receives Tonnage Tax Scheme Approval; Tax Benefits To Remain Valid Till FY35

On Tuesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.34 per cent to 23,461.85. Shipping and Logistics stocks remained in focus following regulatory and business developments. In this segment, Shreeji Shipping Global share price traded at Rs 466 on June 2, 2026, down 0.55 per cent from the previous close, after the company announced approval under the Tonnage Tax Scheme from the Income Tax Department.

Shreeji Shipping Receives Tonnage Tax Scheme Approval

Shreeji Shipping Global Limited has received approval from the Income Tax Department for opting into 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 shipping operations.

The approval is effective from FY26 (AssesSMEnt Year 2026-27) and will remain valid up to FY35, subject to compliance with applicable provisions of the Income-tax Act and related rules.

What Is The Tonnage Tax Scheme?

Under the Tonnage Tax Scheme, tax liability is calculated based on the net tonnage of vessels rather than the actual profits generated by the shipping business.

As a result, tax outflows become more predictable and are linked to fleet capacity instead of earnings. The company stated that the approval is expected to improve tax efficiency, provide greater visibility on future tax obligations and support profitability and cash flows over the long term.

Strategic Port Handling Agreement

Earlier this year, Shreeji Shipping entered into a strategic port handling agreement with Karanja Terminal & Logistics Private Limited.

Effective February 10, 2026, the company secured exclusive rights to handle dry bulk and liquid cargo at a dedicated 200-metre waterfront facility located at Karanja Creek in Raigad district, Maharashtra. The facility is expected to support the company's cargo handling and logistics operations.

About Shreeji Shipping Global

Shreeji Shipping Global Ltd is engaged in integrated shipping and logistics solutions for dry bulk cargo across India and Sri Lanka. The company operates a fleet of more than 80 vessels, including barges, mini bulk carriers, tugboats and floating cranes, along with over 370 units of earthmoving and cargo-handling equipment.

Founded in 1995, the company provides cargo handling, transportation, fleet chartering and equipment rental services and has established operations across multiple ports and logistics hubs.

What are your thoughts on Shreeji Shipping's approval under the Tonnage Tax Scheme and its impact on future profitability? Share your views in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.