Transworld Shipping Lines Limited has successfully completed the sale of its vessel, M.V. SSL Gujarat, to Avana Logistek Limited on June 10, 2026. The transaction was finalized pursuant to the execution of the Protocol of Delivery and Acceptance between the buyer and the seller. The vessel was delivered at Pipavav Anchorage, India.

Transaction Details

The sale marks the conclusion of the process initiated by the company regarding the disposal of the vessel. The completion follows the company's previous communication dated April 27, 2026.

Transworld Shipping Lines signed a Memorandum of Agreement on May 29, 2026, to sell the vessel M.V. SSL Thamirabarani to Avana Logistek Limited for US$ 5,700,000. The agreement marks a strategic divestment for the shipping company, allowing it to monetize one of its assets. The transaction is not classified as a related party transaction and was conducted at arm's length.

The sale was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated July 11, 2023, as amended on January 30, 2026.

According to the annexure submitted to the exchanges, the significant term of the agreement specifies that the delivery of the vessel will occur one day prior to the final handover. There are no special rights, such as the right to appoint directors or restrict changes in capital structure, associated with this agreement.

The following table outlines the key details of the transaction:

Transworld Shipping Lines clarified that it holds no shareholding in Avana Logistek Limited. The company also confirmed that there are no potential conflicts of interest arising from this agreement. The filing was signed by Namrata Malushte, Company Secretary & Compliance Officer.