Shipwaves Online Ltd

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.

Shipwaves Online Ltd reported no deviation in the utilization of funds raised through its IPO for the quarter ended March 31, 2026. The company confirms adherence to the objects stated in the Prospectus dated December 04, 2025. The audit committee reviewed the statement of deviation, and the monitoring agency's report is being separately filed with the exchanges. The IPO raised ₹56,35,20,000.

Shipwaves Online Ltd's Monitoring Agency Report for the period ended March 31, 2026, reveals that ₹5.03 crore from the IPO proceeds remains unutilized. The report, issued by CARE Ratings Limited, indicates that the Red Herring Prospectus stipulated a timeline for implementation of objects of the issue as March 31, 2026. The monitoring agency has not received any board approval for the extension of timeline. The report declares an objective view of the utilization of issue proceeds based on information provided by the issuer.

Shipwaves Online Ltd has scheduled a Board of Directors meeting on May 27, 2026, to consider and approve the audited financial results (standalone and consolidated) for the half year and year ended March 31, 2026. The trading window for dealing in the company's securities is closed from April 1, 2026, until 48 hours after the declaration of the results.

Shipwaves Online Limited has announced its exemption from certain corporate governance provisions as per Regulation 15(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. This exemption applies because the company is listed on the BSE SME Exchange. The regulation specifies that compliance with various corporate governance provisions (Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27, and specific clauses of Regulation 46 and Schedule V) is not applicable to entities listed on an SME Exchange. Consequently, Shipwaves Online Limited is not required to submit a Corporate Governance Report for the quarter ended March 31, 2026.

Shipwaves Online Ltd has announced the receipt of purchase orders worth Rs. 35,68,500 from FedEx Express Transportation & Supply Chain Services (India) Private Limited. The orders are for the implementation and maintenance of a comprehensive, end-to-end logistics digitalization solution tailored to Fedex’s operational requirements.

Shipwaves Online Ltd has announced the closure of its trading window in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed from Wednesday, 1st April 2026 until 48 hours after the declaration of financial results for the half year and year ending 31st March 2026. The date of the Board Meeting for the consideration and approval of these financial results will be intimated in due course. Designated Persons and their immediate relatives are prohibited from trading in the securities of the Company during this closed period.

Shipwaves Online Limited has secured a purchase order worth ₹1,56,70,678 from Hindalco Industries Limited to implement a comprehensive end-to-end logistics digitalization solution. The order is an important milestone in Shipwaves’ growth journey and reflects increasing demand for technology-driven logistics solutions among large manufacturing enterprises. Hindalco, a flagship metals company of the Aditya Birla Group, selected Shipwaves after evaluating multiple logistics technology platforms. The contract will be executed over a three-year period, further validating Shipwaves’ technology as a scalable and enterprise-ready solution.