Transworld Shipping Lines Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a net loss of ₹6,773 lakh for the financial year, a significant shift from the net profit of ₹3,396 lakh recorded in the previous year. Revenue from operations stood at ₹35,761 lakh for the year, down from ₹44,627 lakh in FY25. The company has submitted the newspaper advertisement for these audited financial results to the stock exchanges on May 20, 2026, pursuant to Regulation 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹2,774 lakh. Revenue from operations for the quarter was ₹8,223 lakh, compared to ₹11,062 lakh in the corresponding period of the previous year. Total income for the quarter stood at ₹8,279 lakh. The basic and diluted earnings per share (EPS) for the year was reported at (₹30.85), compared to ₹15.47 in the prior year.

The board also approved the re-appointment of Mr. Ramakrishnan Sivaswamy Iyer as the Whole-time Director designated as Executive Chairman for a period of three years effective from April 1, 2027. Additionally, Capt. Milind Kashinath Patankar has been re-appointed as the Managing Director for a term of three years effective from July 1, 2027. Both appointments are subject to shareholder approval.

Operational Highlights

The company noted that one of its vessels, SSL KAVERI, is currently stranded in a region affected by geopolitical developments in the Middle East. Furthermore, the company completed the sale of the vessel SSL KRISHNA on April 8, 2026, for a consideration of approximately ₹11,062 lakh. It has also entered into memoranda of understanding for the sale of other vessels, including SSL GODAVARI, SSL GUJARAT, SSL BHARAT, and SSL MUMBAI.

The Board has fixed August 19, 2026, as the date for the 38th Annual General Meeting, which will be held through Video Conferencing and Other Audio-Visual Means. The statutory auditors, M/s. PKF Sridhar & Santhanam LLP, have issued an unmodified opinion on the audited financial results.

Transworld Shipping Lines Limited (formerly known as Shreyas Shipping and Logistics Limited) has signed a Memorandum of Agreement (MOA) on 18 May 2026 for the sale of its vessel M.V. SSL Mumbai to Avana Logistek Limited. The transaction is valued at US$ 3,500,000 and was disclosed to the stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Namrata Malushte, Company Secretary and Compliance Officer, on 18 May 2026.

Key Transaction Details

The following table outlines the key particulars of the Memorandum of Agreement as disclosed by the company:

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Clause 5 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated 11 July 2023, as amended on 30 January 2026. The company confirmed that the transaction does not constitute a related party transaction and that Avana Logistek Limited has no relationship with the promoter or promoter group of Transworld Shipping Lines Limited. No shares are being issued as part of this agreement, and no nominee appointments or potential conflicts of interest have been identified in connection with this transaction.