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Shahi Shipping Ltd.

BSE Live

Oct 25, 16:00
4.88 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
1,699
10-Day
2,317
30-Day
2,686
152
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    4.88

  • Open Price

    4.64

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    4.88 (1338)

NSE Live

Dec 27, 11:22
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Shahi Shipping is not listed on NSE
Company History - Shahi Shipping
YEAR                       EVENTS
 1990 - The Company was Incorporated in the name of Shahi Shipping
 and
        Transport Pvt. Ltd. on 26th October.  It was converted into a
 
        public Ltd., Company and the name changed to Shahi Shipping
 Ltd.
        on 22nd February, 1993.  It was promoted by S.K. Shahi and
 F.M.
        Koli.  The company is having a diverse range of carriers such
 as
        Ore carriers, water, petroleum carriers and is engaged in
        transportation of oil, cargo and fresh potable water.
 
      - The Company's object is to carry on business of shipowners,
 ship
        builders, shipbreakers, shipbrokers, establish maintain and 
        operate shipping services and to carry on business of common
        carriers.
 
 1994 - The Company undertook to expand its fleet capacity by
 acquiring
        3 mini bulk carriers (MBC) of 2350 dead weight tonnes (DWT)
 each.
        These would be built in the shipyard of Sesa Goa Ltd. and
 would
        be deployed in the coastal trade run by the company.  M/s.
 Sesa
        Goa Ltd. agreed to take on contract two of the MBCs for a
 period
        of five years and the third MBC would be deployed for the iron
 
        ore export trade.  The MBCs are to operate in the Mandovi and
        Zuari rivers of Goa.
 
      - 12,69,700 No. of equity shares of Rs.10 each were issued, 
        subscribed and paid up.  24,18,300 No. of equity shares of
 Rs.10
        each were then issued in May as follows: (A) On firm
 allotment
        basis:
 
      - (i) 9,23,300 shares to promoters, directors
 
      - (ii) 5,00,000 shares to Technology Development and
 Infrastructure
        Company of India Ltd. (TDICI).  Balance 9,95,000 shares
 issued
        to the public (all were taken up).  Additional 7,300 No. of 
        equity shares were allotted.
 
 1995 - A Container division was set up and it was reported to have
        performed satisfactorily.
 
 1996 - The Company purchased two new fuel-efficient modern vessels
        M.V. Vikrant I and M.V. Vikrant II in May and August 1977 
        respectively.  Total fleet of the Company during the year 27
        vessels.
 
      - During October-November, the company issued 36,95,300 - zero
        interest fully convertible debentures of Rs.20 each for cash
 at
        par on Rights basis in prop. 1 debenture : 1 equity share
 held.
        Of these 1,43,163 debentures remained unissued.
 
      - Each debenture was to be converted into one equity share of
 Rs.10
        at a prem. of Rs.10 per share after 17 months from the date
 of
        allotment of debentures.
 
 1997 - The 500 Ton vessel Aditi was structurally altered to carry
 1000
        tons at a capital cost of Rs.80 lakhs.
 
      - 35,52,137 No. of equity shares of Rs 10 each issued on
 conversion
        of zero interest fully convertible debentures.
 
 1999 - Company plans to enter into coastal movement of liquid as well
 as
        bulk cargo in the coming year as there are strong indications
 of
        coastal movement picking up momentum in the future.
 
      - Rear Admiral G. Rai (Retd.) resigned as Whole-time Director
 of
        the company with effect from 17.3.99.
 
      - The Board appointed Mr. Vijayan N. K. as Joint Managing
 Director
        for a period of three years with effect from 11th May.
 
 2000 - The Mumbai-based Shahi Shipping Ltd will start a feeder
 service
        linking Mumbai and Jawaharlal Nehru ports from July 18.
 
      - The company has received Customs clearance for the service
 which
        will help mainline shipping lines discharge cargoes meant
 both
        for Mumbai and Nhava Sheva at any one of the ports.
 
      - Shahi shipping is the first coastal operator to get an ISO
 9002
        certification.
 
        - The Company to launch its overseas feeder operations in
 January, 2001.
 
 2002-D N Singh appointed as Wholetime Director of Shahi Shipping.
 
 2004 - SKS (Ship) Ltd has commenced its reefer container transhipment
 service from JNPT to Mumbai Port through its feeder vessel, Royal
 India
 
 2007
 
 -Company name has been changed from SKS Ship Ltd to SKS Logistics
 Ltd.
 
 2008
 
 - The company board has approved dividend at the rate of 9.5% (Rs
 0.95 per share) on equity share of Rs 10/- each for the year ended
 March 31, 2008.
 
 2011
 
 - The company board  has decided to recommended a dividend for the
 year ended March 31, 2011 at the rate of 5% (Rs. 0.50) on Equity
 share of Rs. 10/- each.
 
 
 2012
 
 -SKS Logistics Ltd Mr. B. B. Bhawsar has been appointed as Whole time
 Director of the Company.
 
 2013
 
 - The name of Company has been changed from SKS Logistics Limited to
 SHAHI SHIPPING LIMITED.