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• Transworld Shipping Lines Limited (formerly Shreyas Shipping & Logistics Ltd) has published newspaper advertisements regarding its audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2025.
• The advertisements appeared in the Financial Express (English) and Loksatta (Marathi) on May 28, 2025.
• The publication is in compliance with Regulation 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
• The advertisements include a Quick Response Code (QR Code) and a weblink to the audited financial results.

Transworld Shipping Lines Limited (formerly known as Shreyas Shipping & Logistics Ltd) announced the outcomes of its Board Meeting held on 27th May 2025:

• The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March 2025.
• The Statutory Auditors, M/s. PKF Sridhar & Santhanam LLP, issued an Audit Report with a modified opinion on the Audited Financial Results for the year ended 31st March 2025.
• The basis for the qualified opinion relates to the company's recording of an insurance claim income. The auditors noted that pending approval, the insurance claim income should have been recognized only upon acknowledgment of liability by the insurers. During the quarter ended 31st March 2025, the company reversed an insurance claim recoverable of ₹ 13.41 crore (₹ 1,341 lakhs) not yet approved. Had this income been recognized in the year ended 31st March 2025, the net profit after tax and total comprehensive income for the year would have increased by ₹ 30.89 crore (₹ 3,089 lakhs), and earnings per share would have been ₹ 29.53.
• For the financial year ended 31st March 2025, on a standalone basis:
  • Revenue from operations stood at ₹ 446.27 crore (₹ 44,627 lakhs), compared to ₹ 282.39 crore (₹ 28,239 lakhs) in the previous year.
  • Profit after tax was ₹ 33.96 crore (₹ 3,396 lakhs), a significant turnaround from a loss of ₹ 51.02 crore (₹ 5,102 lakhs) in the year ended 31st March 2024.
  • Basic and diluted earnings per share (EPS) for FY25 was ₹ 15.47, compared to ₹ (23.24) in FY24.
  • Cash generated from operations for FY25 was ₹ 168.73 crore (₹ 16,873 lakhs).
• The Board recommended a dividend of 15%, which is ₹ 1.50 per equity share of face value ₹ 10 each, for the financial year ended 31st March 2025. This dividend is subject to shareholders' approval at the upcoming Annual General Meeting (AGM).
• The 37th Annual General Meeting (AGM) of the shareholders is approved to be held on Friday, 22nd August 2025.
• The record date for determining eligible members to receive the final dividend for FY25 has been fixed as Friday, 25th July 2025.
• Mr. Ajit George Paul was re-appointed as Non-Executive Independent Director for a second term of five consecutive years, effective from 5th January 2026 to 4th January 2031, subject to shareholders' approval.
• Mr. Ratnagiri Sivaram Krishnan was re-appointed as Non-Executive Independent Director for a second term of five consecutive years, effective from 6th April 2026 to 5th April 2031, subject to shareholders' approval.
• Mr. B. Durgaprasad Rai, a Peer Reviewed Practicing Company Secretary, was appointed as Secretarial Auditor for a term of five consecutive years commencing from 1st April 2025, subject to shareholders' approval.
• The Board meeting commenced at 3:00 PM (IST) and concluded at 6:15 PM (IST) on 27th May 2025.

TRANSWORLD SHIPPING LINES LIMITED (formerly Shreyas Shipping & Logistics Ltd) announced that the Hon’ble High Court of Judicature of Tamil Nadu at Chennai (Madras) issued a warrant of release in admiralty in rem on 02nd May 2025. This order vacated the plea for arrest against the company's vessel SSL Sabarimalai and permitted it to sail immediately.

The plea for arrest was filed by M/s. Torque Technics in R/Admiralty Suit No. 2312 of 2025.

The reason for the plea was an unpaid invoice of ₹15,79,426 for ship repair services provided by the Plaintiff for the vessel SSL Sabarimalai. The company stated the invoice remained unpaid because it was sent to a dormant e-mail address of company officials.

M/s. Torque Technics has since withdrawn the plea for arrest.

Transworld Shipping Lines Limited (formerly Shreyas Shipping & Logistics Ltd) announced that the High Court of Judicature of Tamil Nadu at Chennai (Madras) issued an Arrest Order on 30th April 2025 for the company's vessel, SSL Sabarimalai.

• The order was based on a fresh plea filed by M/s. Torque Technics.
• The plea stemmed from an unpaid invoice of ₹1,501,750/- (net off TDS) for ship repair services availed by the company for the SSL Sabarimalai vessel.
• The invoice allegedly remained unpaid because it was sent to a dormant email address of company officials.
• M/s. Torque Technics approached the High Court requesting settlement of the overdue amount.
• Transworld Shipping Lines has taken note of the matter and stated it shall make the payment of ₹1,501,750/-.
• The financial impact on the company is quantifiable as the amount of the unpaid bill, ₹1,501,750/- (net off TDS excluding legal cost).