Shipwaves Online Ltd

Shipwaves Online Ltd has responded to an inquiry regarding its share price movement, stating that there is no pending material or price-sensitive information that could have caused the significant fluctuation. The company confirmed that all required disclosures under SEBI (LODR) Regulations, 2015, have been made. Shipwaves Online Ltd attributes the price movement solely to market-driven factors and assures continued prompt disclosure of any future material events.

Shipwaves Online Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of its Initial Public Offering (IPO) proceeds. The report, issued by CARE Ratings Limited, indicates a delay in the utilization of funds compared to the prospectus timeline. As of June 30, 2026, ₹5.00 crore remains unutilized, with the company seeking an extension for the implementation of its objects. The IPO size was Rs. 56.35 crore.

Shipwaves Online Ltd announced the resignation of its Chief Financial Officer (CFO), Mr. Zeeshan Ali Mohammed Habibi. The resignation is effective from the close of business hours on July 6, 2026, due to personal reasons and an inability to devote sufficient time to the company's affairs. The company has confirmed no other material reasons for his departure. Mr. Habibi expressed gratitude to the Board of Directors and management for their support during his tenure.

Shipwaves Online Ltd announced key management changes following a Board Meeting held on July 4, 2026. Mr. Zeeshan Ali Mohammed Habibi resigned as Chief Financial Officer (CFO) effective July 6, 2026, citing inability to devote sufficient time. Concurrently, Mrs. Jessica Juliana Mendonca resigned as Company Secretary and Compliance Officer, also effective July 6, 2026, to pursue other career options. The board approved the appointment of Mr. Mohammed Sahim Haris, currently a Whole-Time Director, as the new CFO from July 7, 2026. Ms. Maithri K B has been appointed as the new Company Secretary and Compliance Officer, effective July 7, 2026. The meeting commenced at 11:25 a.m. and concluded at 11:45 a.m.

Shipwaves Online Ltd announced the resignation of its Chief Financial Officer, Mr. Zeeshan Ali Mohammed Habibi, effective July 6, 2026. The resignation is attributed to personal reasons, specifically an inability to devote sufficient time to the company's affairs. The company has confirmed no other material reasons for his departure. Mr. Habibi expressed gratitude to the Board and management for their support during his tenure.

Shipwaves Online Ltd announced the appointment of Mr. Mohammed Sahim Haris as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The decision was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. Mr. Haris, who is also a Whole-Time Director and Promoter, will assume his new role effective July 7th, 2026. His background includes a BBA in Logistics and Supply Chain Management and prior experience as a Finance Manager in a subsidiary. The company expects his expertise to contribute to its strategic growth.

Shipwaves Online Limited has announced the receipt of a purchase order valued at USD 43,000 (approximately Rs. 40,65,650) from OiLSERV FZCO. This order is for the implementation of the FleetMon platform, aimed at enhancing land transportation management through Artificial Intelligence (AI). Following a successful prior engagement for international cargo movements, this new contract focuses on streamlining and digitizing OiLSERV FZCO's domestic road transportation operations. The solution is expected to boost operational efficiency, reduce costs, and improve fleet visibility. The execution period for this contract is three years.

Shipwaves Online Ltd's Board of Directors approved the audited standalone and consolidated financial results for the half year and year ended March 31, 2026. The board also approved amendments to the Company’s Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders. Additionally, M/s. Chethan Nayak & Associates were appointed as Secretarial Auditors for five years, subject to shareholder approval.

Shipwaves Online Ltd has appointed M/s. Chethan Nayak & Associates as its Secretarial Auditors for five consecutive years, commencing from the financial year 2025-2026 until 2029-2030. The appointment, approved by the Board of Directors on May 27, 2026, is subject to shareholder approval at the upcoming Annual General Meeting. The firm is a peer-reviewed firm registered with the Institute of Company Secretaries of India.

Shipwaves Online Ltd's Board of Directors approved the audited standalone and consolidated financial results for the half year and year ended March 31, 2026. They also approved amendments to the Company’s Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders. Additionally, M/s. Chethan Nayak & Associates were appointed as Secretarial Auditors for five years, subject to shareholder approval. The meeting concluded within 20 minutes.