Transworld Shipping Lines Limited held its 38th Annual General Meeting (AGM) on August 19, 2026, via video conference and other audio-visual means. The meeting, chaired by Executive Chairman Ramakrishnan Sivaswamy Iyer, commenced at 11:00 am and concluded at 11:51 am IST. During the proceedings, shareholders addressed ordinary and special business items, including the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The primary focus of the special business was the re-appointment of key leadership roles. Shareholders considered the re-appointment of Mr. Ramakrishnan Sivaswamy Iyer as Whole-time Director designated as Executive Chairman for a three-year term effective from April 1, 2027, along with approval of his remuneration. Additionally, the meeting addressed the re-appointment of Capt. Milind Kashinath Patankar as Managing Director for a three-year term starting July 1, 2027, including the approval of his remuneration.

Strategic Operational Updates

In his address to shareholders, the Executive Chairman outlined significant strategic developments during the year. Transworld Shipping Lines acquired a 100% equity stake in Transworld Integrated Logistek Private Limited and Transworld Logistics Private Limited, making them wholly-owned subsidiaries. This move aims to strengthen the company’s presence across the logistics value chain and enhance its ability to offer integrated freight forwarding and shipping solutions.

Furthermore, the company expanded its international footprint by entering into a strategic joint venture with Bainbridge Navigation DMCC. This partnership resulted in the incorporation of Transbridge Global FZCO in the United Arab Emirates. Transworld Shipping Lines holds a 60% equity stake in this entity, which is established to develop and operate a commercial pooling platform for handy-size dry bulk vessels.

Governance and Attendance

The meeting was attended by 41 shareholders representing 14,330,000 equity shares. Key management personnel, including Chief Executive Officer Capt. Ashish Chauhan and Chief Financial Officer Mr. Rajesh Desai, were present from the registered office. Independent directors joined from various locations, including New York, Mumbai, Bangalore, and Noida.

Ms. Namrata Malushte, Company Secretary and Compliance Officer, informed attendees that statutory documents were available for electronic inspection. Remote e-voting was conducted from August 16 to August 18, 2026, with a cut-off date of August 12, 2026. Mr. B. Durgaprasad Rai served as the scrutinizer for the voting process. No shareholder participated as a speaker during the meeting.

Transworld Shipping Lines Ltd has completed the sale of its vessel, M.V. SSL Kaveri, to Avana Logistek Limited. The transaction was finalized on August 17, 2026, marking the successful conclusion of the deal previously disclosed in a communication dated August 13, 2026.

The sale was effected pursuant to the execution of the Protocol of Delivery and Acceptance between the buyer and the seller. The physical delivery of the vessel took place at Chennai, India.

Transaction Details

The company informed the stock exchanges that the completion of the sale is submitted for record and dissemination. The disclosure was signed by Namrata Malushte, Company Secretary and Compliance Officer, on behalf of Transworld Shipping Lines Ltd (formerly known as Shreyas Shipping and Logistics Limited).

The company previously notified stakeholders about the impending sale in a letter bearing reference number TSLL/37/2026-27. This update serves as the final confirmation of the asset transfer.