Shipwaves Online Ltd has appointed Mohammed Sahim Haris as its Chief Financial Officer (Key Managerial Personnel) effective July 7, 2026. The decision, taken by the Board of Directors during its meeting on July 4, 2026, aims to strengthen the company's financial leadership with a promoter who has significant experience in logistics and supply chain management.

The appointment follows the recommendation of the Nomination and Remuneration Committee. Haris is currently a Whole-Time Director and Promoter of the company. He holds a Bachelor of Business Administration degree in Logistics and Supply Chain Management from Manipal and has served as the Finance Manager at Shipwaves Online LLC, a subsidiary, since January 2023.

Key Details of Appointment

The company disclosed that Haris's academic and professional background is expected to contribute to the company's growth and strategic direction. The regulatory filing also outlined the familial relationships within the Board, noting that Haris is the son of Kalandan Mohammed Haris, the Chairman & Non-Executive Director, and the nephew of Kalandan Mohammed Althaf and Kalandan Mohammad Arif.

The Board meeting, where the appointment was approved, commenced at 11:25 a.m. and concluded at 11:45 a.m. on Saturday. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of Mohammed Sahim Haris

Shipwaves Online has accepted the resignation of Mr. Zeeshan Ali Mohammed Habibi as Chief Financial Officer, effective from the close of business hours on July 6, 2026. The resignation follows his inability to devote sufficient time to the company's affairs. This leadership change impacts the company's financial oversight structure as it seeks to maintain continuity in its key managerial roles.

Mr. Zeeshan Ali Mohammed Habibi submitted his resignation letter dated July 3, 2026. The company confirmed that there are no other material reasons for his resignation beyond the stated inability to devote time. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Resignation Details

The following table outlines the specifics of the vacancy:

The Board of Directors was informed of the decision on July 4, 2026. The company has assured that the transition will be managed to ensure minimal disruption to its financial operations and compliance obligations.