Shipwaves Online Ltd

Meeting Details

• Board meeting scheduled for Thursday, 27 August 2026; time and venue not disclosed.

Key Agenda Items

• Proposal to raise funds via issuance of securities through one or more instruments (preferential/rights or other modes).

Other Notes

• Trading window closed from 24 August 2026 till 48 hours after board outcome for designated persons.

Clarification on price movement

• No pending material information or announcements could explain the price movement.
• All material disclosures under SEBI LODR Regulation 30 have been duly disclosed.
• Price movements are market-driven.
• Company will promptly inform the Exchange of any material events as applicable.

Issue Overview

• IPO of Equity Shares (SME) by Shipwaves Online Limited.
• Total issue size disclosed; no undersubscription; board approved extension of deployment timeline.
• Main use of proceeds includes working capital, subsidiary funding, debt repayment, and general corporate purposes.

Utilisation of Proceeds

• Utilisation not fully per offer document; extension approved to March 2027.
• Overutilisation of 0.03 crore under Working Capital; 0.03 crore under subsidiary funding.
• Total unutilised as of 30 Jun 2026: 5.00 crore; funds parked in fixed deposits.
• Deployment: 5.11 crore in FD; accrued interest 0.11; net 5.00 crore.
• Objects status: 1) Working Capital end 17.16 with 0.03 over; 2) Subsidiary end 9.97 with 0.03 unutilised;
• Borrowings end 10.00 with 5.00 unutilised; 4) General Corporate Expenses end 8.45; 5) Issue Related Expenses end 5.77.
• Delays observed: 21 days for object 2; object 3 ongoing; others no delay.
• Key viability risk: delay may affect objective viability; share price declined materially.

Governance and Compliance

• All statutory approvals for the objects obtained.
• Board resolution dated 04 Jul 2026 approved extension to 31 Mar 2027.
• Delay in utilization may affect viability of the objects.
• Share price decline noted, potentially affecting investor decision-making.

GCP

• GCP not utilized in the quarter; no board allocations reported.

Dematerialisation activity

• No requests for dematerialisation or rematerialisation were received during the period.

Appointment details

• Ms. Maithri K B appointed Company Secretary and Compliance Officer (KMP) of the company.
• Effective from 7th July 2026.
• Reason for change: appointment.
• Qualifications: ICSI Associate Member.
• Experience: company and securities law, ROC filings and regulatory filings.
• Disclosure of relationships: Not applicable.
• Governance: designated as KMP.
• Other authorisations: CS and CO roles.

CFO Appointment

• Appointment of Mohammed Sahim Haris, Whole-Time Director, as Chief Financial Officer (KMP), effective 7 July 2026.
• Promoter and Whole-Time Director; BBA in Logistics & Supply Chain; Finance Manager since Jan 2023.
• Disclosure: Son of Chairman & Non-Executive Director; nephew of two other directors.
• Term of appointment not specified in the filing.
• Reason for change: appointment as CFO (KMP).

CFO resignation details

• Name of resigning CFO: Zeeshan Ali Mohammed Habibi.
• Effective date of resignation (last working day): 6 July 2026.
• Reason for resignation: inability to devote sufficient time to the Company's affairs.
• Confirmation of other material reasons: none stated.
• Board acceptance: not stated in filing.
• Interim/new CFO transition: no interim or new CFO disclosed.

Appointments/Resignations

• Zeeshan Habibi resigns as CFO, effective 6 July 2026.
• Mohammed Sahim Haris appointed CFO (Whole-Time Director), effective 7 July 2026.
• Jessica Mendonca resigns as Company Secretary and Compliance Officer, effective 6 July 2026.
• Maithri K B appointed Company Secretary and Compliance Officer, effective 7 July 2026.