Shipwaves Online

Shipwaves Online's board approved a preferential issue of up to 3.332 crore fully convertible warrants for ₹14.99 crore, subject to shareholder and regulatory approvals. Mukka Proteins Limited, a promoter-group entity, was to receive 2.932 crore warrants, while Danish Gafarbhai Panja and Nelamangala Umesh Mohan Kumar were each offered 20 lakh. Each warrant was priced at ₹4.50 and convertible into one equity share, with 25% payable on allotment and the balance due on conversion within 18 months. On full conversion, paid-up shares would rise from 14.15 crore to 17.48 crore. Members were scheduled to consider the issue at the annual general meeting on 30 September. Shipwaves had raised ₹56.3 crore in its December 2025 BSE SME IPO, while about ₹5 crore of IPO proceeds remained in fixed deposits at the end of June 2026. Standalone FY26 revenue was ₹65 crore and profit ₹1.7 crore, against consolidated FY25 revenue of ₹108.3 crore.

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Shipwaves Online's board approved a preferential issue of up to 3.332 crore fully convertible warrants at ₹4.50 each, potentially raising ₹14.99 crore subject to shareholder and regulatory approvals. Mukka Proteins Limited, a promoter-group entity, was to receive 2.932 crore warrants, while Danish Gafarbhai Panja and Nelamangala Umesh Mohan Kumar were each offered 20 lakh warrants in the non-promoter category. Each warrant was convertible into one equity share within 18 months, with 25% payable at allotment and 75% on conversion; full conversion would increase the company's shares from 14.1495 crore to 17.4815 crore. Shipwaves raised ₹56.3 crore in its December 2025 SME IPO, while standalone FY26 revenue was ₹65 crore, down 11% from the previous year.

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Sept 1 (Reuters) - Shipwaves Online Ltd SIPW.BO:

• APPROVES PREFERENTIAL ISSUE OF CONVERTIBLE WARRANTS TO RAISE UP TO 149.9 MILLION RUPEES

Further company coverage: SIPW.BO

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Shipwaves Online received a three-year purchase order worth USD 55,800, or about ₹53.3 lakh, from Tata UK Limited for a centralised digital platform tracking ocean, air, breakbulk and courier shipments across its global supply chain and project logistics operations. The contract came from an international entity and involved no promoter or related-party interest. Consolidated revenue was about ₹108 crore in FY25, with digital freight forwarding accounting for roughly 83% of sales. SaaS revenue was ₹18 crore, or about 17% of FY25 revenue, up from roughly 8% a year earlier.

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Aug 28 (Reuters) - Shipwaves Online Ltd SIPW.BO:

• SHIPWAVES ONLINE - RECEIVES PURCHASE ORDER WORTH $55,800 FROM TATA UK

Source text: ID:nBSEblB6MJ

Further company coverage: SIPW.BO

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Shipwaves Online scheduled a board meeting for 27 August 2026 to consider and approve a proposal to raise funds through a preferential issue, rights issue or another securities instrument. The company closed its trading window from 24 August until 48 hours after the board-meeting outcome.

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Shipwaves Online’s monitoring agency report for the quarter ended June 30, 2026 showed that ₹5 crore of its ₹56.35 crore IPO proceeds remained unutilized after the March 31 deadline, prompting the board to extend the deployment timetable to March 31, 2027. CARE Ratings recorded ₹51.35 crore of utilization, including ₹0.03 crore above the working-capital allocation, and noted that the shares traded at ₹3.60 on June 30, 70% below the IPO price.

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Shipwaves Online Limited's board accepted the resignation of Chief Financial Officer Zeeshan Ali Mohammed Habibi on Saturday, effective from the close of business on 6 July 2026. The company said he was unable to devote sufficient time to the business. Whole-Time Director Mohammed Sahim Haris, a promoter, was appointed as the new CFO from 7 July 2026. Haris holds a BBA in logistics and has served as finance manager in a subsidiary. The board also noted the resignation of Company Secretary and Compliance Officer Jessica Juliana Mendonca, who is leaving to pursue other opportunities. Maithri K B, an associate member of the Institute of Company Secretaries of India, was named as her replacement. The board meeting lasted twenty minutes and was disclosed to the BSE SME exchange.

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March 13 (Reuters) - Hindalco Industries Ltd HALC.NS:

• SECURES 15.6 MILLION RUPEES LOGISTICS DIGITALIZATION ORDER FROM HINDALCO INDUSTRIES

Source text: ID:nBSE8m4Jz1

Further company coverage: HALC.NS

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March 12 (Reuters) - Shipwaves Online Ltd SIPW.BO:

• SHIPWAVES ONLINE LTD - RECEIVES PURCHASE ORDER WORTH 15.7 MILLION RUPEES

Source text: ID:nBSE1BDp15

Further company coverage: SIPW.BO

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Dec 30 (Reuters) - Shipwaves Online Ltd SIPW.BO:

• GETS GST ORDER CONFIRMING 20.8 MILLION RUPEES TAX DEMAND

Source text: ID:nnAZN4RNXJV

Further company coverage: SIPW.BO

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