Shipwaves Online Limited has scheduled its 11th Annual General Meeting for Wednesday, September 30, 2026. The meeting will commence at 3:00 pm through video conferencing or other audio-visual means.

The company notified the BSE Listing Department on September 1, 2026, regarding the upcoming event for the financial year 2025-26. The intimation confirms compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The AGM will be held virtually in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI. Key logistical details include:

• Date: September 30, 2026
• Time: 3:00 pm
• Mode: Video Conferencing / Other Audio-Visual Means

Regulatory Compliance

Shipwaves Online stated that the Notice of AGM and the Annual Report for FY26 will be dispatched to members in due course. The dispatch will follow the prescribed modes mandated by the Act, relevant circulars, and Listing Regulations.

Maithri K B, Company Secretary & Compliance Officer of Shipwaves Online, issued the communication. The filing was digitally signed on September 1, 2026.

Shipwaves Online Limited approved a preferential issue of 3.33 crore convertible warrants at ₹4.50 each in its board meeting on September 1, 2026. The issue aims to raise up to ₹14.99 crore from promoter and non-promoter investors.

The Board previously postponed the meeting scheduled for August 27, 2026, to finalize the capital raising structure. The approved proposal involves the issuance and allotment of fully convertible warrants on a preferential basis, subject to member approval via special resolution at the upcoming Annual General Meeting.

Issue Details and Pricing

The company will issue up to 3,33,20,000 convertible warrants at an issue price of ₹4.50 per warrant. Each warrant is convertible into one fully paid-up equity share with a face value of ₹1, including a premium of ₹3.50 per share. Investors must pay 25% of the issue price at subscription, with the remaining 75% due upon conversion within 18 months.

The relevant date for pricing was set as August 31, 2026, in compliance with Regulation 161 of the SEBI ICDR Regulations. The total potential raise is ₹14,99,40,000.

Allotment Structure

The allotment is heavily weighted towards the promoter group, with Mukka Proteins Limited acquiring the majority of the warrants. Two non-promoter investors have been identified for the remainder.

Regulatory Compliance and Next Steps

In compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the company disclosed the outcome. The trading window for designated persons remains closed until 48 hours after the declaration of results.

The 11th Annual General Meeting is scheduled for September 30, 2026, to seek shareholder approval for the preferential issue. Upon full conversion, the paid-up equity share capital will increase from 14,14,95,000 shares to 17,48,15,000 shares. If warrants are not exercised within 18 months, they will lapse and the initial consideration will be forfeited.

What the Numbers Show

The concentration of allotment reveals a strong promoter confidence signal, with Mukka Proteins Limited subscribing to 88% of the total warrant issuance. This structure allows the promoters to increase their equity stake without immediate full cash outlay, as only 25% of the ₹14.99 crore raise is required upfront. The remaining 75% serves as deferred capital, contingent on future conversion decisions within the 18-month window.