Intimation of extension of loan to subsidiary company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shipwaves Online Ltd has remitted a ₹10 crore loan to its overseas subsidiary, Shipwaves Online LLC, for working capital needs. This loan was part of the objects stated in the company's IPO prospectus dated 4th December 2025. The loan agreement was executed on 15th December 2025, and the funds were transferred on 29th December 2025 after complying with RBI regulations. The filing is a regulatory disclosure under SEBI Listing Regulations to keep the stock exchange informed.
This is a routine deployment of IPO proceeds as already planned and disclosed in the prospectus, so it carries no surprise for shareholders. It supports the subsidiary's operations but investors should note that the ₹10 crore is now deployed overseas and tied to the subsidiary's working capital performance.