Date: 13th August 2026
Board Meeting Outcomes
- The Company has signed a Memorandum of Agreement (MOA) on 22nd July 2026 for sale of one vessel, M.V. SSL Kaveri to Avana Logistek Limited
Disinvestment / Strategic Actions
- Vessel sold: M.V. SSL Kaveri
- Buyer: Avana Logistek Limited
- Sale consideration: US$ 16,400,000
- The transaction is not a related party transaction
- The transaction is conducted at arm's length
- No shareholding exists in the entity with whom the agreement is executed
- No special rights like right to appoint directors, first right to share subscription, or right to restrict any change in capital structure
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Financial Results
Not Specified
Other Operational / Legal / Strategic Disclosures
Not Specified