Shipwaves Online Limited has intimated BSE Limited about a scheduled meeting of its Board of Directors. The meeting is set for Thursday, 27th August 2026. The primary agenda item for this board meeting is to consider and approve a proposal for raising funds through the issuance of securities. The company is evaluating multiple instruments for this fundraising, specifically mentioning preferential issue, rights issue, or any other mode that may be considered appropriate.
Concurrently, the company has implemented a trading window closure in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders. The trading window closure is effective from Monday, 24th August 2026. It will remain closed for all Designated Persons and their immediate relatives (as defined in the code) until 48 hours after the declaration of the outcome of the board meeting regarding the fundraising proposal. The designated persons have been informed about this trading window closure.
The disclosure is made under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Impact
Financial impact of the proposed fundraising is not quantified in this disclosure. The specific amount to be raised and the resulting capital structure changes will be determined and disclosed following board approval.