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 has successfully completed the sale of its vessel M.V. SSL Thamirabarani to Avana Logistek Limited. The transaction was finalized on July 14, 2026, following the execution of the Protocol of Delivery and Acceptance between the buyer and the seller. The vessel was delivered at Chennai, India.

The company informed the exchanges via a filing dated July 15, 2026, referencing its previous communication dated May 29, 2026. The disclosure confirms the conclusion of the sale process and the physical transfer of the asset.

Transaction Details

The sale involves the transfer of ownership of the specific vessel M.V. SSL Thamirabarani. The completion of the sale marks the exit of this asset from Transworld Shipping Lines' fleet.

The filing was submitted by Namrata Malushtte, Company Secretary & Compliance Officer, for Transworld Shipping Lines Limited, formerly known as Shreyas Shipping and Logistics Limited.