Transworld Shipping Lines Ltd

AGM Details

• Date: 19 August 2026; mode: VC/OAVM; start 11:00 AM; end 11:51 AM.
• Record date: 12 August 2026; shareholders on record: 16,462.
• Video conferencing/AVM; e-voting facility used; attendees: promoters 5, public 36.
• Minutes to be signed after Chairman approval.

Ordinary Business

• Adoption of standalone financial statements for year ended 31 March 2026; approved.
• Adoption of consolidated financial statements for year ended 31 March 2026; approved.
• Re-appointment of Executive Chairman by rotation; approved.

Special Business

• Re-appointment of Executive Chairman as Whole-time Director for three years from 01-Apr-2027; remuneration approved.
• Re-appointment of Capt. Milind Kashinath Patankar as Managing Director for three years from 01-Jul-2027; remuneration approved.
• Remuneration approvals for two Key Managerial Personnel.

Voting Results

• All items approved by members; ordinary resolutions passed.
• Special resolutions 3 and 4 passed with majority in favour; some votes against.

Directors & Auditors

• Executive Chairman re-appointed by rotation; eligible.
• Capt. Milind Kashinath Patankar appointed Managing Director for three years from 01-Jul-2027.
• Statutory auditors' reports considered; no change in auditor appointment.

AGM Details

• Date, time and mode: 19 August 2026, 11:00 IST, via VC/OAVM.
• Conclusion time: 11:51 IST; venue deemed at the registered office.
• Remote e-voting from 16-18 August 2026; cut-off 12 August 2026.

Key Resolutions

• Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appointment of Executive Chairman on rotation.
• Special: Re-appoint as Whole-time Director (Executive Chairman) for 3 years from 1 Apr 2027; remuneration.
• Special: Re-appoint Managing Director for 3 years from 1 Jul 2027; remuneration.

Voting Results

• Voting results to exchanges separately; no outcomes disclosed in this document.

Directors & Auditors

• Re-appointments of Executive Chairman and Managing Director.
• Statutory Auditors attended; no appointment change announced.
• Scrutiniser appointed for AGM: B. Durgaprasad Rai.
• Secretarial Auditor proposed from FY 2025-26 onwards.

Event details

• Sale of the vessel M.V. SSL Kaveri to Avana Logistek Limited completed on 17 August 2026.
• Delivery occurred at Chennai, India, following execution of the Protocol of Delivery and Acceptance.
• This follows the earlier communication TSLL/37/2026-27 dated 13 August 2026.

Financial results

• Q1 FY27 consolidated revenue ₹104 crore, down from ₹138 crore in Q1 FY26.
• EBITDA ₹56 crore, up from ₹22 crore.
• PBT ₹30 crore vs loss ₹8 crore in Q1 FY26.
• PAT ₹30 crore vs ₹9 crore in Q1 FY26.
• EPS ₹13.44 vs ₹4.10 in Q1 FY26.
• Q1 FY27 revenue ₹132 crore vs ₹132 crore in Q4 FY26.
• Q1 FY27 EBITDA ₹56 crore vs ₹4 crore in Q4 FY26.
• Q1 FY27 PBT ₹30 crore vs loss ₹28 crore in Q4 FY26.
• Q1 FY27 PAT ₹30 crore vs loss ₹30 crore in Q4 FY26.
• Q1 FY27 EPS ₹13.44 vs loss ₹13.44 in Q4 FY26.

Fleet movements and strategic initiatives

• MOA to sell five vessels: M.V. SSL Godavari, Gujarat, Bharat, Mumbai, Thamirabarani.
• MOA for sale of two container ships: SSL Visakhapatnam and SSL Sabarimalai.
• Current fleet stands at 7 vessels: 5 container feeders and 2 dry bulk vessels.
• Charter hire income remains primary revenue source via Avana Logistek Limited.
• JV with Bainbridge Navigation DMCC to form a Handysize pool.
• MoU with Swan Defence for 2+2 new container vessels feasibility.
• Exploring modern vessel acquisitions; market conditions currently limit opportunities and pricing.

Outlook and strategy

• Balanced divestment and acquisition strategy is intended to position the group for long-term value.

Financial results approved

• Unaudited standalone and consolidated results approved for quarter ended 30 June 2026.
• Limited Review Reports by PKF Sridhar & Santhanam LLP; no audit opinion provided.
• Results to be published in newspapers and uploaded on the company website.

Notes and restatements

• Consolidation restatement from 1 April 2024; restated comparatives for June 30, 2025.
• Annexure I contains segment data for three months ended June 30, 2026.

Parties, purpose and terms

• Parties: Transworld Shipping Lines Limited and Last Voyage DMCC (guaranteed nominee).
• Purpose: Sale of vessel M.V. SSL Visakhapatnam.
• Consideration: US$3,080,300.30.
• Date of MOA: 26 July 2026.
• Delivery terms: On delivery of the vessel.
• Related party status: No; counterparty not related to promoter/group.
• Impact: Disposal reduces asset base; cash inflow of US$3,080,300.30.
• Amendment/termination: NA.

Vessel sale

• Sale of M.V. SSL Thamirabarani to Avana Logistek Limited completed on 14 July 2026, vessel delivered at Chennai.