Shipwaves Online Ltd (544646)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Shipwaves Online's revenue was ₹50.2 Cr (-19.8% year on year, +22.5% on the previous half-year), and net profit ₹-0.8 Cr (against a profit a year earlier); the operating margin was 0.8%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹50.2 | -19.8% | +22.5% |
| Operating profit | ₹0.4 | -95.8% | -95.1% |
| Net profit | ₹-0.8 | to loss | to loss |
| EPS (₹) | -0.06 | to loss | to loss |
| Operating margin | 0.8% | — | — |
📢 Recent Corporate Announcements
Shipwaves Online Ltd has received a Show Cause Notice (Form GST DRC-01) dated September 29, 2026, from Maharashtra GST authorities regarding FY 2022-23. The notice proposes total dues of ₹1,91,92,289 (₹1.92 Cr), which includes ₹1,11,55,820 in tax, ₹69,20,887 in interest, and a tentative penalty of ₹11,15,582. The allegations pertain to discrepancies in Input Tax Credit, Reverse Charge Mechanism liability, credit notes, and taxability of other incomes. The total demand represents nearly 50% of the company's FY26 net profit of ₹3.85 Cr.
- Total proposed demand of ₹1,91,92,289 under Section 73 of GST laws for FY 2022-23
- Tax component stands at ₹1,11,55,820 with proposed interest of ₹69,20,887
- Tentative penalty proposed at ₹11,15,582, subject to legal adjudication
- Issues relate to ITC, RCM liability, credit notes, and taxability of other income
Shipwaves Online Ltd has received a Show Cause Notice (Form GST DRC-01) dated September 29, 2026, from Maharashtra GST authorities regarding FY 2022-23. The notice proposes total dues of ₹1,91,92,289 (₹1.92 Cr), which includes ₹1,11,55,820 in tax, ₹69,20,887 in interest, and a tentative penalty of ₹11,15,582. The allegations pertain to discrepancies in Input Tax Credit, Reverse Charge Mechanism liability, credit notes, and taxability of other incomes. The total demand represents nearly 50% of the company's FY26 net profit of ₹3.85 Cr.
- Total proposed demand of ₹1,91,92,289 under Section 73 of GST laws for FY 2022-23
- Tax component stands at ₹1,11,55,820 with proposed interest of ₹69,20,887
- Tentative penalty proposed at ₹11,15,582, subject to legal adjudication
- Issues relate to ITC, RCM liability, credit notes, and taxability of other income
Shipwaves Online Limited has received a purchase order valued at USD 55,800 (approximately ₹53.30 lakh) from TATA UK Limited. The contract spans a 3-year execution period for providing a centralized digital platform for shipment tracking and monitoring across global supply chains. While winning a marquee international client validates the company's technology platform, the financial size is modest, accounting for approximately 0.58% of FY26 revenue (₹91.17 crore).
- Order value of USD 55,800 (equivalent to approx. ₹53,30,016)
- Execution timeline spanning three (3) years
- Scope covers centralized digital platform tracking ocean, air, breakbulk, and courier shipments
- Awarded by international entity TATA UK Limited with no promoter or related-party interest
- Order size represents ~0.58% of FY26 annual revenue of ₹91.17 crore
Shipwaves Online Limited has postponed its Board of Directors meeting originally scheduled for August 27, 2026, to September 1, 2026, citing unavoidable circumstances. The board will meet to consider and approve proposals for raising funds via preferential issue, rights issue, or other permissible modes. Trading window restrictions for designated insiders remain in effect from August 24, 2026, until 48 hours post-declaration of the outcome.
- Board meeting rescheduled from August 27, 2026, to September 1, 2026
- Agenda focuses on evaluating fundraise options including Preferential or Rights Issue
- Trading window closed from August 24, 2026, until 48 hours after meeting outcome disclosure
Shipwaves Online Ltd has scheduled a meeting of its Board of Directors on Thursday, August 27, 2026, to evaluate and approve fundraising proposals. The funds may be raised through securities issuance via Preferential Issue, Rights Issue, or other eligible modes. Consequently, the trading window for designated persons has been closed from August 24, 2026, until 48 hours post announcement of the meeting outcome.
- Board meeting scheduled on August 27, 2026, to consider fundraising proposals
- Modes under consideration include Preferential Issue, Rights Issue, or other permissible instruments
- Trading window closed with effect from August 24, 2026, until 48 hours after outcome declaration
Shipwaves Online Ltd has issued a clarification in response to BSE's inquiry dated August 19, 2026, regarding recent significant price movements in its shares. The company confirmed that there is no pending material or price-sensitive information that has not been disclosed to the exchanges. All disclosures mandated under Regulation 30 of SEBI (LODR) Regulations, 2015, are up to date, and the company stated the share price action is purely market-driven.
- Responded to BSE clarification query dated 19th August 2026
- Confirmed no pending undisclosed price-sensitive announcements as on 20-08-2026
- Affirmed full compliance with Regulation 30 of SEBI LODR Regulations, 2015
- Company stated share price movement is purely market-driven
Financial Performance
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Operational Drivers
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Strategic Growth
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External Factors
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Regulatory & Governance
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