Transworld Shipping Lines Limited Corporate Governance Update

Transworld Shipping Lines Limited (formerly known as Shreyas Shipping & Logistics Ltd) has made significant announcements regarding its leadership structure and governance framework. The company, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, disclosed reappointments of key directors and the appointment of a secretarial auditor. These decisions were formally approved at the Annual General Meeting (AGM) held on 22nd August 2025.

The company communicated the resolutions passed at the AGM to BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), where its shares are listed under the codes BSE: 520151 and NSE: TRANSWORLD.

Key Decisions at the AGM

At the AGM, four major governance decisions were finalized:

1. Re-appointment of Mr. Ritesh Sivaswamy Ramakrishnan (DIN: 05174818) as a Non-Executive, Non-Independent Director, retiring by rotation and reappointed as a Director.

2. Re-appointment of Mr. Ajit George Paul (DIN: 08862403) as Non-Executive Independent Director of the company for a second term of 5 years effective 5th January 2026.

3. Re-appointment of Mr. Ratnagiri Sivaram Krishnan (DIN: 06975736) as Non-Executive Independent Director of the company for a second term of 5 years effective 6th April 2026.

4. Appointment of Mr. B. Durgaprasad Rai, a practicing company secretary, as Secretarial Auditor of the company for 5 financial years starting from April 01, 2025.

The AGM commenced at 11:00 AM and concluded at 12:30 PM (IST), confirming shareholder participation in shaping the company’s governance.

Profiles of Reappointed Directors

1. Mr. Ritesh Sivaswamy Ramakrishnan

• A distinguished member of the Young Presidents Organization (YPO).

• Recognized by Forbes Middle East as one of the Top Indian Leaders of The Next Generation.

• Winner of Young Entrepreneur of the Year at the India Seatrade Awards (2017).

• Named Face of The Future at the India Maritime Awards (2018).

• Recognized by Lloyd’s List in 2015 as a Global Next Generation Business Leader.

• Belongs to the promoter family, being the son of Mr. Ramakrishnan Sivaswamy Iyer, Executive Chairman and brother of Ms. Anisha V. Ramakrishnan, Non-Executive Non-Independent Director.

• Holds 168,375 equity shares of the company.

2. Mr. Ajit George Paul

• A business transformation consulting leader with 30+ years of global experience.

• Expert in digital strategy, innovation management, and ESG & sustainability.

• Former senior leader at Tech Mahindra, Philips, and Honda.

• Founder of Digital i2o (insights-to-outcomes), an advisory firm delivering transformation programs globally.

• Co-founder and CSO of Giftolexia Solutions Pvt. Ltd., an AI-powered dyslexia screening platform recognized by the World Economic Forum.

• Has collaborated with institutions like IIM Bangalore, Barclays UK, Rakuten Japan, Dell India, and more.

• Recognized by UN ICEGOV and Stanford Seed for contributions to developing economies.

3. Mr. Ratnagiri Sivaram Krishnan

• An entrepreneur, investor, banker, consultant, and independent director.

• Based in New York and Mumbai, with 40+ years of experience in the US and Asia.

• Specializes in capital management, M&A strategies, and strategic business development.

• Has successfully executed multi-billion-dollar deals in capital markets.

• Advocate of ethical accountability, transparency, and corporate governance.

• Widely respected for driving transformative growth and leveraging his expertise for the greater good.

Appointment of Secretarial Auditor

The Board approved the appointment of Mr. B. Durgaprasad Rai, a Peer Reviewed Practicing Company Secretary with over 30 years of experience in Company Law, SEBI regulations, and FEMA regulations.

• Membership No.: A10060

• Certificate of Practice No.: 4390

• Expertise includes Secretarial Audits, Due Diligence Audits, and Compliance Audits.

His appointment for five financial years effective from April 01, 2025, reflects the company’s commitment to robust compliance and governance standards.

Compliance and SEBI Confirmation

The company confirmed that all reappointed directors and auditors are not debarred by SEBI or any other authority from holding their respective positions. This disclosure was made in accordance with SEBI Master Circular (November 11, 2024) and SEBI Circular (December 31, 2024).

By ensuring complete compliance with SEBI guidelines, Transworld Shipping Lines maintains transparency and shareholder trust.

Importance of These Appointments

The reappointments and auditor appointment highlight several crucial aspects:

• Continuity in Leadership: Retaining experienced leaders ensures stability in strategic direction and governance.

• Strengthening Compliance: Appointment of a seasoned secretarial auditor enhances corporate accountability.

• Global Expertise: Leaders like Mr. Paul and Mr. Krishnan bring international insights to India’s growing logistics and shipping sector.

• Promoter Engagement: With Mr. Ritesh Ramakrishnan’s reappointment, the promoter family continues to play an active role in shaping the company’s future.

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