East West Freight Carriers Ltd — Important, 16-04-2026: Company Update

The Tribunal has admitted a petition against the company, commencing the Corporate Insolvency Resolution Process. An Interim Resolution Professional has been appointed to take over the company's management, effectively suspending the powers of its Board of Directors. A moratorium is now in effect, which prevents new legal actions against the company and restricts asset transfers. This significant development places the company under the direct control of the Interim Resolution Professional, marking a pivotal moment that will impact all shareholders and operations moving forward.