BSECompany Update2d ago · 25 Oct 2026, 12:44 am
Signing of Memorandum of Agreement
Transworld Shipping Lines Ltd · 520151
✦ AI SummaryRelated Party
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
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Transworld Shipping Lines Ltd - 520151 - Signing Of Memorandum Of Agreement
Attachments (1)
📄pdf
Download →
304f8ea5-bf34-4027-a315-c08c5206a97c.pdf
View document text
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