BSECompany Update2d ago · 25 Oct 2026, 12:44 am

Signing of Memorandum of Agreement

Transworld Shipping Lines Ltd · 520151

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Transworld Shipping Lines Ltd has signed a Memorandum of Agreement for the purchase of two vessels, OEL Surya and OEL Varun, from Orient Express Lines Inc. for a consideration of US$ 22,030,000 and US$ 20,750,000 respectively. The transaction is undertaken on an arm's length basis and is submitted for record and dissemination to the stock exchange.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Transworld Shipping Lines Ltd - 520151 - Signing Of Memorandum Of Agreement

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Ref No: TSLL/56/2026-27 Date: 25th October 2026 Department of Corporate Services Listing Compliance BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. BSE Scrip Code: 520151 NSE Symbol: TRANSWORLD Dear Sir, Sub: Signing of Memorandum of Agreement We wish to inform you that the Company has signed a Memorandum of Agreement (MOA) for purchase of two vessels, OEL Surya & OEL Varun from Orient Express Lines INC. which was received by the Company on 24th October 2026. Pursuant to Clause 5 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 11th July 2023, amended on 30th January 2026, we enclose herewith the requisite details in the prescribed Annexure. The same is submitted for your record and dissemination. Thanking you Yours faithfully, For TRANSWORLD SHIPPING LINES LIMITED NAMRATA MALUSHTE COMPANY SECRETARY & COMPLIANCE OFFICER Annexure‐A The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 11th July 2023, amended on 30th January 2026 are as under: Sr. Particulars Details- OEL Surya Details- OEL Varun 1 Name(s) of parties with Transworld Sea-Connect IFSC Transworld Sea-Connect IFSC whom the agreement is Private Limited, wholly owned Private Limited, wholly owned entered; subsidiary of Transworld subsidiary of Transworld Shipping Lines Limited (“the Shipping Lines Limited (“the Buyer”) and Orient Express Buyer”) and Orient Express Lines Lines Inc. (“the Seller”). Inc. (“the Seller”). 2 Purpose of entering into the Purchase of vessel “OEL Surya” Purchase of vessel “OEL Varun” agreement; from Orient Express Lines INC., from Orient Express Lines INC., Panama, for consideration of Panama, for consideration of US$ 22,030,000 US$ 20,750,000 3 Shareholding, if any, in the Orient Express Lines Inc. – N.A. Orient Express Lines Inc. – N.A. entity with whom the agreement is executed; Transworld Sea-Connect IFSC Transworld Sea-Connect IFSC Private Limited – 100% Private Limited – 100% 4 Significant terms of the NA NA agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.; 5 Whether, the said parties are The Buyer and the Seller are The Buyer and the Seller are related to promoter/promoter under common ultimate under common ultimate group/ group companies in ownership / control. ownership / control. any manner. If yes, nature of relationship; 6 Whether the transaction Yes Yes would fall within related party transactions? If yes, whether The transaction is undertaken on The transaction is undertaken on the same is done at “arms an arm's length basis. an arm's length basis. length”; 7 In case of issuance of shares NA NA to the parties, details of issue price, class of shares issued; 8 Any other disclosures NA NA related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc; 9 In case of termination or NA NA amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement ; ii. nature of the agreement; iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof. For Transworld Shipping Lines Limited Namrata Malushte Company Secretary & Compliance Officer