Transworld Shipping Lines Ltd. Signs MOA with Avana Logistek Limited for Sale of Vessel

Transworld Shipping Lines Ltd. has signed a Memorandum of Agreement (MOA) on 20th March 2026 for the sale of its vessel, M.V. SSL Krishna, to Avana Logistek Limited. The vessel is being sold for a consideration of USD 11.90 million. The agreement does not involve any shareholding or significant terms such as the right to appoint directors or first right to share subscription. The parties are not related, and the transaction is not a related party transaction. The company has complied with all the necessary disclosure requirements as per SEBI regulations.