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Transworld Shipping Lines completed the sale and delivery of vessel M.V. SSL Godavari to Avana Logistek Limited. This asset disposal streamlines the company's maritime fleet operations.
Transworld Shipping Lines Limited signed an agreement to sell its vessel 'M.V. SSL Thamirabarani' for ₹54.15 Crore. The sale to Avana Logistek Limited monetises existing assets.
Transworld Shipping Lines reported FY26 revenue of ₹548 Crore and a ₹75 Crore annual loss. Strategic fleet divestment continues alongside potential joint venture and acquisition plans.
Transworld Shipping Lines re-appointed Sivaswamy Ramakrishnan Iyer as Chairperson and Milind Kashinath Patankar as MD. These extensions provide leadership stability for a three-year term.
Transworld Shipping Lines approved the re-appointment of Sivaswamy Ramakrishnan Iyer and Milind Kashinath Patankar. Both directors were re-appointed for 36-month terms effective 2027.
Transworld Shipping Lines Ltd reported revenue from operations of ₹132.4 Cr (-12.8% YoY) and a net loss of ₹29.5 Cr for Q4 FY26.
Transworld Shipping Lines reported audited FY2026 financial results and re-appointed its Executive Chairman and Managing Director. The board also fixed the AGM date for August 2026.
Transworld Shipping Lines agreed to sell its vessel M.V. SSL Mumbai for ₹33.60 Crore. The transaction with Avana Logistek facilitates strategic asset monetisation.
Transworld Shipping Lines scheduled a board meeting for May 19, 2026, to approve audited financial results. The trading window remains closed until May 21.
Transworld Shipping Lines Limited signed a Memorandum of Agreement to sell its vessel 'M.V. SSL Bharat' to Avana Logistek Limited. The transaction is valued at US$ 4.8 million (approximately ₹45.60 Crore). This divestment of a company-owned asset is part of the firm's strategic vessel management operations.
Transworld Shipping Lines Limited confirmed it does not fall under the 'Large Corporate' category as per SEBI criteria for FY 2026-27. The company reported outstanding borrowings of ₹271.67 Crore as of March 31, 2026. Consequently, mandatory debt-raising requirements through bond markets are not applicable.
Transworld Shipping Lines Limited signed an agreement to sell its vessel, M.V. SSL Gujarat, to Avana Logistek Limited for US$ 3,500,000 (approx. ₹32.90 Crore). The transaction is not a related party transaction and follows standard commercial terms.
Transworld Shipping Lines Limited signed a Memorandum of Agreement to sell its vessel 'M.V. SSL Godavari' to Avana Logistek Limited. The transaction is valued at ₹182.28 Crore (US$ 19.6 million). This strategic asset sale is part of the company's operational realignment.
Transworld Shipping Lines Ltd has completed the sale and delivery of its vessel, M.V. SSL Krishna, to Avana Logistek Limited at Chennai. The transaction was finalized on April 8, 2026, following the execution of the Protocol of Delivery and Acceptance.
Transworld Shipping Lines Ltd submitted its quarterly certificate confirming compliance with SEBI dematerialisation regulations for the period ended March 31, 2026. The registrar, MUFG Intime India, confirmed that security certificates received were processed and listed on relevant exchanges within prescribed timelines.