Transworld Shipping Lines Limited has signed a Memorandum of Agreement (MOA) to sell its vessel, M.V. SSL Visakhapatnam, to Last Voyage DMCC or their guaranteed nominee. The agreement, dated July 26, 2026, values the transaction at US$ 3,080,300.30. This divestment marks a strategic adjustment in the company's fleet composition, with the sale contingent upon the delivery of the vessel.

The disclosure was made pursuant to Clause 5 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also adheres to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/II/3762/2026, dated July 11, 2023, as amended on January 30, 2026. The company submitted the requisite details to both the Bombay Stock Exchange and the National Stock Exchange of India Limited for dissemination.

Transaction Details

The key terms of the agreement are outlined below:

Namrata Malushte, Company Secretary and Compliance Officer of Transworld Shipping Lines Limited, certified the filing. The company confirmed that there is no shareholding interest in the buyer entity. Furthermore, the parties are not related to the promoter, promoter group, or group companies in any manner, and the transaction does not fall within the definition of related party transactions.

No special rights, such as the right to appoint directors or restrict changes in capital structure, were granted to the buyer. There are no disclosures regarding potential conflicts of interest or nominees on the board arising from this agreement. The filing contains no information regarding the termination or amendment of the agreement at this stage.

Transworld Shipping Lines Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the Bombay Stock Exchange and the National Stock Exchange on July 24, 2026. The submission, made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, provides stakeholders with an overview of the company’s environmental, social, and governance (ESG) performance. The report highlights strategic commitments to sustainability, including a target to achieve carbon neutrality by 2043, while detailing operational metrics such as energy consumption, waste management, and employee welfare initiatives.

The filing serves as part of the company’s Annual Report for FY2025-26 and is available on its corporate website. Transworld Shipping Lines, formerly known as Shreyas Shipping and Logistics Limited, disclosed that its policies cover all nine principles of the National Guidelines on Responsible Business Conduct (NGRBCs) and have been approved by the Board. The company does not currently have a dedicated sustainability committee; instead, relevant matters are addressed by the Board of Directors and senior management, including Executive Chairman S. Ramakrishnan, Managing Director Capt. Milind Patankar, and Chief Executive Officer Capt. Ashish Chauhan.

Environmental Targets and Performance

Transworld Shipping Lines identified greenhouse gas emissions and energy transition as critical material issues. The company faces risks from evolving environmental regulations but views energy transition as an opportunity to mitigate rising fuel costs through renewable sources. In alignment with the International Maritime Organization’s strategy for net-zero emissions by 2050, the company has set specific internal targets.

Key environmental disclosures for FY2025-26 include:

The company reported that 86% of its vessels are equipped with ballast water treatment systems, addressing ecological risks associated with marine operations. Waste generation decreased significantly from 7,094.61 metric tonnes in FY2024-25 to 3,046.60 metric tonnes in FY2025-26, driven largely by reductions in sludge and bilge oil waste.

Social Metrics and Employee Welfare

The report detailed the company’s workforce composition and welfare measures. As of the end of FY2025-26, the company employed 33 permanent shore-based employees, comprising 23 males and 10 females. Additionally, there were 861 off-shore male employees. The company reported zero fatalities among employees but recorded one fatality among workers in both FY2025-26 and FY2024-25.

Employee benefits coverage was comprehensive for shore staff. 100% of permanent employees received health and accident insurance. Female employees had full access to maternity benefits, while male employees received paternity benefits. The cost incurred on well-being measures rose to 16.15% of total revenue in FY2025-26, up from 10.01% in the previous year.

The company contributed ₹204.80 lakhs towards Corporate Social Responsibility (CSR) activities during the financial year. No complaints related to sexual harassment, discrimination, child labor, or forced labor were reported during FY2025-26.

Governance and Assurance

Transworld Shipping Lines confirmed that its specific policies undergo independent audits by external agencies, including DNV. Statutory auditors, regulators, and port authorities also examine relevant processes and compliances. The previous year’s sustainability report (FY2024-25) was assured by Ernst & Young Associates LLP, while the current year’s report is undergoing the assurance process.

The company reported four shareholder complaints filed during FY2025-26, all of which were resolved by the end of the year, leaving zero pending complaints. There were no complaints from customers, employees, or communities. The company maintains grievance redressal mechanisms for investors, shareholders, employees, and customers, accessible via its website and designated email channels.