Transworld Shipping Lines Limited has successfully completed its acquisition of Transworld Logistics Private Limited (TLPL), marking a significant milestone in the company's expansion strategy. The acquisition was completed on December 31, 2025, making TLPL a wholly owned subsidiary of the shipping and logistics company.

Acquisition Details

The completion of the TLPL acquisition represents the fulfillment of commitments made in the company's earlier disclosure dated August 12, 2025. The transaction involved acquiring 100% of the paid-up share capital of TLPL through cash consideration.

Target Company Profile

Transworld Logistics Private Limited is a private company incorporated on July 21, 1993, with its registered office in Navi Mumbai. The company operates in the shipping agency services sector and has established a presence in the logistics industry.

Related Party Transaction

The acquisition qualifies as a related party transaction, as key promoters of Transworld Shipping Lines hold significant positions in TLPL. Mr. Sivaswamy Ramakrishnan Iyer, serving as Promoter and Executive Chairman, and Mr. Ritesh Sivaswamy Ramakrishnan, serving as Promoter and Non-Executive Director, also hold promoter positions in the acquired entity. The company has confirmed that the transaction was conducted at arm's length.

Strategic Objectives

The acquisition is designed to achieve several strategic objectives that align with the company's growth plans:

• Control costs through in-house vessel operations
• Execute owner-related activities across multiple ports efficiently
• Ensure operational efficiency and cost-effectiveness
• Explore broader opportunities for expansion in the shipping sector

Pending Acquisition

While the TLPL acquisition has been completed, Transworld Shipping Lines continues to work on acquiring Transworld Integrated Logistek Private Limited (TILPL). The TILPL acquisition remains in process and is expected to be completed on or before January 31, 2026. The company has indicated that there are no changes to the structure, consideration, or other key terms of the TILPL acquisition as previously disclosed.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals were required for this acquisition, streamlining the completion process.

Transworld Shipping Lines Limited has disclosed receiving a significant GST demand order from tax authorities, marking a regulatory development that requires investor attention under stock exchange compliance norms.

GST Order Details

The company received an order under Section 73(9) of the CGST/MGST Act, 2017, passed by the Deputy Commissioner of State Tax, Maharashtra. This order relates to GST audit proceedings for the financial year 2021-22.

Financial Impact

The aggregate demand specified in the order amounts to ₹10,25,84,579, which includes multiple components:

• Tax amount
• Interest charges
• Penalty components

The total demand of approximately ₹10.26 crores represents the cumulative liability as assessed by the tax authorities for the audit period.

Company's Response Strategy

Transworld Shipping Lines has outlined its approach to address this tax demand:

• Legal Challenge: The company believes it has strong grounds to contest the order
• Appeal Process: Management plans to file an appeal before the appropriate appellate authority
• Timeline Compliance: The appeal will be submitted within prescribed regulatory timelines
• Financial Assessment: Company does not expect any material financial impact

Regulatory Compliance

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its obligation to inform stock exchanges and investors about this regulatory development.

The company has made detailed information available on its website and submitted the required documentation to BSE and NSE. This development represents a regulatory matter that the company is addressing through established legal channels, with management expressing confidence in their position to contest the demand.