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.

Shipwaves Online Ltd has secured a purchase order worth USD 43,000 from OiLSERV FZCO to implement its AI-powered FleetMon platform for land transportation management. The three-year project aims to digitize domestic road operations, improve efficiency, and reduce costs following the successful deployment of the company's cross-border Transportation Management System.

The order, valued at approximately Rs. 40,65,650, involves the implementation of the FleetMon platform to revolutionize land transportation management by embedding Artificial Intelligence at the core of logistics operations. This new engagement expands the existing relationship between the entities, as Shipwaves Online had previously implemented a cross-border Transportation Management System (TMS) for OiLSERV FZCO's international cargo movements across multiple transport modes including Ocean, Air, Road, RoRo, Breakbulk, and Express.

The new solution is designed to streamline and digitize domestic road transportation operations. By leveraging the latest AI-powered capabilities, the platform will enable smarter planning, automation, and data-driven decision-making. The company stated that the module will provide greater visibility and optimization of the moving asset fleet, significantly enhancing overall logistics operations.

Order Details

The disclosure regarding the order was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key particulars of the contract are detailed below:

The filing confirmed that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the order. The contract does not fall within related party transactions.