Intimation of Outcome of Board Meeting.

Date: 01-09-2026 BSE Limited Listing Department Phiroze Jeejeebhoy Tower Dalal Street, Mumbai-400001 Scrip Code: 544646 Dear Sir/Madam, Subject: Outcome of Meeting of Board of Directors of Shipwaves Online Limited (“the Company”) in accordance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), and in continuation to our earlier intimation dated August 24, 2026, wherein the Company had intimated that a meeting of the Board of Directors was scheduled to be held on Thursday, August 27, 2026, inter alia, to consider and approve the proposal for raising of funds by way of issuance of securities through a Preferential Issue of Convertible Warrants and the subsequent intimation dated August 27, 2026, regarding postponement of the said Board Meeting, we wish to inform you that the Board of Directors of Shipwaves Online Limited (“Company”), at its meeting held today, i.e. Tuesday, September 01, 2026, have, inter alia, considered and approved the proposal for raising of funds by way of issuance and allotment of Convertible Warrants on a preferential basis, subject to the approval of the Members of the Company and such other statutory, regulatory and other approvals as may be required: 1. Approval for Preferential Issue of Fully Convertible Warrants: The Board of Directors have approved, subject to the approval of the Members of the Company and such other statutory, regulatory and other approvals as may be required, the issuance and allotment of up to 3,33,20,000 (Three Crore Thirty-Three Lakh Twenty Thousand) Convertible Warrants (“Warrants”) on a preferential basis to the identified persons/entities belonging to the Promoter Group and Non-Promoter Category, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), the Companies Act, 2013 and the rules made thereunder and other applicable laws. The Warrants shall be issued at an issue price of Rs. 4.50/- (Rupees Four and Fifty Paise Only) per Warrant, aggregating up to Rs. 14,99,40,000/- (Rupees Fourteen Crores Ninety-Nine Lakhs Forty Thousand Only). Each Warrant shall be convertible into one (1) fully paid-up Equity Share of the Company having a face value of Re. 1/- each, at an issue price of Rs. 4.50/- (Rupees Four and Fifty Paise Only) per Equity Share, including a premium of Rs. 3.50/- (Rupees Three and Fifty Paise Only) per Equity Share, upon payment of the balance consideration, in one or more tranches, within 18 months from the date of allotment of the Warrants, in accordance with the applicable provisions of the SEBI ICDR Regulations and the terms of the issue. An amount equivalent to 25% of the issue price of the Warrants shall be payable at the time of subscription and allotment of the Warrants, and the balance 75% shall be payable at the time of exercise/conversion of the Warrants. The proposed Preferential Issue shall be subject to approval of the Members by way of a Special Resolution and such other approvals as may be required. The details of the proposed allottees are as follows: S. No. Name of Proposed Allottees Category (Promoter / Maximum number of Non-Promoter) Convertible Warrants proposed to be allotted 1. Mukka Proteins Limited Promoter Group 2,93,20,000 2. Mr. Danish Gafarbhai Panja Non-Promoter 20,00,000 3. Mr. Nelamangala Umesh Mohan Non-Promoter 20,00,000 Kumar Total 3,33,20,000 The disclosures required pursuant to Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular for compliance with the provisions of the SEBI Listing Regulations dated January 30, 2026, are enclosed herewith as Annexure-A. 2. Relevant Date: The Board took note that, in terms of Regulation 161 of the SEBI ICDR Regulations, the Relevant Date for determining the minimum issue price of the Warrants shall be Monday, August 31, 2026, being the date 30 (Thirty) days prior to the date on which the Special Resolution is proposed to be passed by the Members at the ensuing Annual General Meeting. The issue price of the Warrants shall be determined in accordance with the applicable provisions of the SEBI ICDR Regulations, including the provisions relating to pricing and valuation, as applicable. 3. Annual General Meeting (“AGM”): The 11th Annual General Meeting (“AGM”) of the Company for the Financial Year ended March 31, 2026 is scheduled to be held on Wednesday, September 30, 2026, through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”), in accordance with the applicable provisions of the Companies Act, 2013, the rules made thereunder and the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The said AGM shall, inter alia, consider and approve the proposed Preferential Issue of Warrants and other matters as may be set out in the Notice of the AGM. 4. Appointment of Scrutinizer: The Board appointed Mr. Chethan Nayak K (FCS 4736, CP 3140) and failing him, Mrs. Ujala Rani (FCS: 11570, CP: 11814) of Chethan Nayak & Associates, Practising Company Secretaries, as the Scrutinizer for conducting the remote e-voting process and e-voting during the AGM in a fair and transparent manner. The Scrutinizer shall submit his report on the voting results in accordance with the applicable provisions of the Companies Act, 2013, rules made thereunder and the SEBI Listing Regulations. The meeting of the Board of Directors commenced at 3:55 p.m. and concluded at 4:20 p.m. This is for your information and record. Thanking you, For Shipwaves Online Limited Maithri K B Company Secretary & Compliance Officer Membership No.: A80650 Encl: As above. Annexure-A Details on Preferential Allotment in terms of Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. no Particulars Disclosures 1 Type of securities Convertible Warrants, each convertible into or exchangeable for one proposed to be (1) fully paid-up Equity Share of the Company having a face value issued of Re. 1/- each. 2 Type of issuance Preferential Issue on a private placement basis in accordance with Chapter V of the SEBI ICDR Regulations, the Companies Act, 2013 and the rules made thereunder and other applicable laws. 3 Total number of Up to 3,33,20,000 (Three Crore Thirty-Three Lakh Twenty securities proposed Thousand) Convertible Warrants at an issue price of Rs. 4.50/- to be issued or total (Rupees Four and Fifty Paise Only) per Warrant, aggregating up to amount for which Rs. 14,99,40,000/- (Rupees Fourteen Crores Ninety-Nine Lakhs the securities will Forty Thousand Only). Each Warrant shall be convertible into one be issued (1) fully paid-up Equity Share of the Company having a face value of Re. 1/- each, at a premium of Rs. 3.50/- per Equity Share, subject to the applicable provisions of the SEBI ICDR Regulations. 4 Names of the Sr. Name of the Category of Number of investors for No. Proposed Proposed Warrants Convertible Allottee Allottee proposed to be Warrants allotted 1. Mukka Proteins Promoter Group 2,93,20,000 Limited 2. Mr. Danish Non-Promoter 20,00,000 Gafarbhai Panja 3. Mr. Nelamangala Non-Promoter 20,00,000 Umesh Mohan Kumar Total 3,33,20,000 5 Issue price / Rs. 4.50/- (Rupees Four and Fifty Paise Only) per Warrant, subject allotted price (in to compliance with the applicable pricing provisions of the SEBI case of ICDR Regulations. An amount equivalent to 25% of the issue price convertibles) shall be payable at the time of subscription and allotment of the Warrants and the balance 75% shall be payable at the time of exercise/conversion of the Warrants. 6 Post allotment of Upon allotment of 3,33,20,000 Warrants, the paid-up Equity Sh [Showing first 8,000 characters — download PDF for full document]