Why did the CFO resign?

The company stated he was unable to devote sufficient time to the business. No further details were provided.

Mohammed Sahim Haris, a promoter and whole-time director with a BBA in logistics and experience as finance manager in a subsidiary, has been appointed effective 7 July 2026.

Did the company secretary also resign?

Yes, Jessica Juliana Mendonca resigned to pursue other opportunities. Maithri K B has been appointed as her replacement.

How long was the board meeting?

The board meeting lasted **20 minutes**.

What is the company's market cap?

Shipwaves Online has a market cap of approximately **₹53 crore**, classifying it as a nano-cap stock.

Logistics · Micro cap

Shipwaves CFO quits; promoter takes over finance role

CFO Zeeshan Habibi resigns effective 6 July 2026, citing time constraints; company secretary also leaves. Promoter Sahim Haris steps in as new CFO.

— 1 earlier story on Shipwaves Online Ltd. →

SHIPWAVES By Tipsheet Editorial 4 Jul 2026 · 12:40 PM IST Verify on BSE · NSE

Mkt cap₹52.64 cr

P/E14.76×

ROE41.89%

Debt / eq.1.33

₹53 cr Market cap of Shipwaves Online, a nano-cap.

What's new

CFO Zeeshan Habibi resigns effective 6 July 2026, unable to devote sufficient time.
Company secretary Jessica Mendonca resigns to pursue other opportunities.
Promoter Sahim Haris appointed as new CFO from 7 July 2026.

Why this matters

For a ₹53 cr nano-cap that posted a net loss in its latest quarter despite high trailing ROE, losing two KMPs simultaneously is a red flag. The promoter stepping in as CFO provides continuity but blurs the line between management and ownership.

What we're watching

Whether the company clarifies reasons behind the exits.
Impact on financial controls with a promoter doubling as CFO.
Any further KMP changes in the coming months.

The full read

Shipwaves Online lost both its CFO and company secretary on the same day. CFO Zeeshan Habibi resigned effective 6 July 2026, citing an inability to devote sufficient time. Company secretary Jessica Mendonca left to pursue other opportunities. The board took just 20 minutes to accept both resignations and appoint replacements.

The new CFO is promoter Mohammed Sahim Haris, who already serves as whole-time director and has a finance background. A nano-cap losing two key managerial personnel in one go is an event. For a ₹53 cr company that posted a net loss in the latest quarter despite high ROE, the abrupt finance-function change raises questions about governance.

It's an unusual setup.

Questions answered

Why did the CFO resign?: The company stated he was unable to devote sufficient time to the business. No further details were provided.
Who is the new CFO?: Mohammed Sahim Haris, a promoter and whole-time director with a BBA in logistics and experience as finance manager in a subsidiary, has been appointed effective 7 July 2026.
Did the company secretary also resign?: Yes, Jessica Juliana Mendonca resigned to pursue other opportunities. Maithri K B has been appointed as her replacement.
How long was the board meeting?: The board meeting lasted 20 minutes.
What is the company's market cap?: Shipwaves Online has a market cap of approximately ₹53 crore, classifying it as a nano-cap stock.

Mentioned: Zeeshan Ali Mohammed Habibi · Mohammed Sahim Haris · Jessica Juliana Mendonca

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Shipwaves Online Ltd.

Logistics

₹51 cr

P/E 14.20×

Latest quarter · Mar 2026

Sales₹50 cr

Net profit−₹1 cr

Op. margin+0.8%

EPS−₹0.06

Strength & growth

Debt / equity1.33×

Current ratio1.23×

Story so far

All notes on SHIPWAVES →

4 Jul 2026 · 12:40 PM IST Shipwaves CFO quits; promoter takes over finance role
5d ago Shipwaves Online lands $43k FleetMon order from UAE's OiLSERV