Toila Shipping Limited Authorisation Revoked

FSC Mauritius Enforcement Actions

Filed September 30th, 2025

Detected April 1st, 2026

Summary

The Financial Services Commission, Mauritius (FSC Mauritius) has revoked the authorisation of Toila Shipping Limited (Authorisation No. AU24201819) pursuant to section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution of its business and discharge its liabilities in accordance with the Insolvency Act.

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What changed

The FSC Mauritius has revoked the financial services authorisation of Toila Shipping Limited under section 74(5) of the Financial Services Act, referencing enforcement case ENF/30I25/21. Pursuant to section 74(7)(b) of the FSA, the company must initiate dissolution proceedings and discharge all liabilities in accordance with the Insolvency Act.

Affected investors and counterparties of Toila Shipping Limited should be aware that the company's authorisation to conduct financial services has been terminated. The company must cease operations and wind up its affairs through the formal dissolution process. Any parties engaging with Toila Shipping Limited for financial services should exercise caution as the entity is no longer authorised to conduct such business.

What to do next

Verify no ongoing business relationships with Toila Shipping Limited
Exercise caution when engaging with any entities claiming to operate under Toila Shipping Limited's former authorisation
Review portfolio holdings for exposure to entities with FSC Mauritius authorisations

Penalties

Authorisation revoked; company directed to dissolve and discharge liabilities under the Insolvency Act

Source document (simplified)

REVOCATION NOTICE

Revocation of Authorisation– TOILA SHIPPING LIMITED Ref: ENF/30I25/21 The Financial Services Commission, Mauritius (the “FSC”) hereby informs the public that the authorisation of TOILA SHIPPING LIMITED, bearing Authorisation No. AU24201819, has been revoked pursuant to section 74(5) of the Financial Services Act (“FSA”). 1 In accordance with section 74(7)(b) of the FSA, TOILA SHIPPING LIMITED has been directed to initiate the necessary actions for the orderly dissolution of its business and the discharge of its liabilities in accordance with the Insolvency Act. 30 September 2025

1 Section 74(5) is to be read in conjunction with Section 71A (6) of the FSA, which provides that “Sections 44(6), 73A, 74 and 75 shall apply to an Authorised Company in the same way as they apply to the holder of a Global Business Licence, as if a reference to a holder of a Global Business Licence is a reference to an Authorised Company and a reference to Global Business Licence is a reference to an authorisation issued under section 71A.” Financial Services Commission FSC House, 54 Cybercity Ebene, 72201 Mauritius www.fscmauritius.org T: (+230) 403-7000 F: (+230) 467-7172 E: mail@fscmauritius.org