Transworld : Acquiring Vessels, OEL Surya and OEL Varun

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 Transworld Shipping Lines Limited (formerly known as Shreyas Shipping & Logistics Ltd) has announced the signing of a Memorandum of Agreement (MOA) for the purchase of two vessels, OEL Surya and OEL Varun, from Orient Express Lines Inc. The agreement was received by the company on October 24, 2026 . Key Transaction DetailsThe acquisition is being executed through Transworld Sea-Connect IFSC Private Limited, a wholly-owned subsidiary of Transworld Shipping Lines Limited. The financial and purchase particulars for both vessels are as follows: OEL Surya: Purchased for a consideration of US$ 22,030,000. OEL Varun: Purchased for a consideration of US$ 20,750,000. Regulatory and Compliance Insights Related Party Context : While the buyer and seller fall under common ultimate ownership and control, the transaction qualifies as a related party transaction that has been successfully executed on an arm's length basis. Disclosure Framework: The disclosure has been officially submitted to BSE Limited (Scrip Code: 520151) and the National Stock Exchange of India Limited (NSE Symbol: TRANSWORLD) in compliance with Regulation 5 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Disclosure /Disclaimer Link: *****