Shipwaves Online Approves Preferential Issue of Warrants Worth ₹14.99 Cr

Shipwaves Online Limited's Board of Directors has approved a preferential issue of up to 3,33,20,000 Convertible Warrants to identified persons within the Promoter Group and Non-Promoter Category. The issue price is set at ₹4.50 per warrant, aggregating up to ₹14,99,40,000. Each warrant is convertible into one equity share of face value ₹1 at an issue price of ₹4.50 per share. The company will receive 25% of the issue price upon subscription, with the balance 75% payable upon exercise within 18 months. The proposal requires shareholder approval via a Special Resolution at the upcoming AGM on September 30, 2026. Mukka Proteins Limited is a significant allottee from the Promoter Group.