Shipwaves Online Limited has announced receiving a significant international purchase order worth USD 27,000 from M/s. Ananta Ocean Shipping Line LLC. The order, disclosed under Regulation 30 of SEBI listing requirements on February 9, 2026, involves deployment of the company's Shipment Orchestrator Platform for Classic Fashion Apparel Industry Ltd. Co.

Order Details and Scope

The purchase order encompasses deployment of Shipwaves' Shipment Orchestrator Platform at Classic Fashion to enable and support end-to-end logistics management across sourcing and freight operations. This comprehensive logistics solution will serve M/s. Ananta Ocean Shipping Line LLC's operations on behalf of Classic Fashion Apparel Industry Ltd. Co.

Contract Specifications

The international contract spans a two-year execution period, providing Shipwaves with a structured timeline for platform deployment and implementation. The Shipment Orchestrator Platform will facilitate comprehensive logistics management capabilities, covering both sourcing and freight operations for the client.

Regulatory Compliance

Shipwaves Online Limited has confirmed that the order does not involve any related party transactions and maintains arm's length dealing principles. The company's promoters and group companies have no interest in the entity awarding the contract, ensuring transparent business operations.

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to regulatory transparency and investor communication.

Shipwaves Online Limited has announced a postal ballot seeking shareholder approval for four special business resolutions involving significant financial transactions and related party dealings. The company has set the cut-off date as January 30, 2026, for determining eligible shareholders, with e-voting scheduled from February 4 to March 4, 2026.

Special Business Resolutions Overview

The postal ballot covers four key resolutions that require shareholder approval under regulatory requirements:

Loan and Guarantee Approvals

The first resolution seeks approval for the company to advance loans, provide guarantees, or offer security up to ₹500,00,00,000 under Section 185 of the Companies Act, 2013. This special resolution would enable the board to support subsidiary, associate, joint venture, or group entities where directors have interests. The funds are intended for principal business activities of borrowing entities, with the board having discretion to deploy internal resources or other appropriate funding sources.

Related Party Transactions with Shipwaves Online LLC

Two separate resolutions address transactions with subsidiary Shipwaves Online LLC, incorporated in Dubai, UAE, and engaged in digital freight forwarding. The company holds an 87% stake in this subsidiary.

Loan Transaction Details

The subsidiary reported strong financial performance with turnover of ₹42,81,44,802.75, profit after tax of ₹8,05,35,310.15, and net worth of ₹10,40,02,720.98 for FY 2024-25.

Business Transactions

The third resolution covers general business transactions including sale, purchase, and supply of goods and services with Shipwaves Online LLC for up to ₹10,00,00,000 during financial years 2025-26 through 2027-28. Historical transactions between the entities included freight income of ₹7,23,87,935, freight charges of ₹1,07,227, and software development expenses of ₹4,49,69,475 in FY 2024-25.

Transactions with Mukka Proteins Limited

The fourth resolution seeks approval for material related party transactions with Mukka Proteins Limited, valued up to ₹100,00,00,000 during FY 2025-26 through FY 2027-28. Mukka Proteins Limited operates in manufacturing fish meal, fish oil, fish soluble paste, and insect proteins.

Key Financial Metrics

Several directors of Shipwaves Online Limited hold positions and shareholdings in Mukka Proteins Limited, including Chairman Kalandan Mohammed Haris (30.23% stake), Kalandan Mohammed Althaf (16.13% stake), and Kalandan Mohammad Arif (16.13% stake).

E-Voting Process and Timeline

The company has appointed Chethan Nayak K (FCS 4736, CP 3140) and alternatively Ujala Rani (FCS: 11570, CP: 11814) of Chethan Nayak & Associates as scrutinizers for the postal ballot process. Shareholders can participate through remote e-voting via CDSL platform from 9:00 AM on February 4, 2026, until 5:00 PM on March 4, 2026.

Results will be announced within two working days of voting closure and communicated to BSE Limited, where the company's shares are listed. All resolutions, if passed with requisite majority, will be deemed effective from March 4, 2026, the last date of e-voting.