Chowgule Steamships Board Meeting Scheduled for May 26, 2026 to Consider FY26 Audited Financial Results

Chowgule Steamships Limited has notified the BSE of an upcoming Board of Directors meeting, scheduled for Tuesday, May 26, 2026 at 10:00 A.M., in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Rinky Gupta, Company Secretary and Compliance Officer, and dated May 18, 2026 from Thane.

Board Meeting Agenda

The meeting has been convened to transact several key businesses pertaining to the company's annual financial and governance requirements. The agenda covers a comprehensive set of items as outlined below:

Agenda Item:	Details
Financial Results:	Standalone Audited Financial Results for the year ended March 31, 2026
Financial Statements:	Audited Financial Statements including Statement of Assets and Liabilities and Cash Flow Statement
Auditors Report:	Consideration and adoption of the Statutory Auditors' Report
Directors Report:	Approval of Directors Report for FY 2025-26 along with Management Discussion and Analysis Report and Corporate Governance Report
AGM Matters:	Approval of day, date, and time of Annual General Meeting and fixation of book closure dates
Other Business:	Any other items with the permission of the chair

Regulatory Compliance

The board meeting intimation has been filed in accordance with Regulation 29 of the SEBI (LODR) Regulations, 2015, which mandates prior notice to stock exchanges before board meetings where financial results are to be considered. The company has also separately submitted a letter regarding the Closure of Trading Window to the BSE in connection with this meeting.

Company Details

Chowgule Steamships Limited is registered with the following details:

Registered Office: 503, Gabmar Apartment, Vasco Da Gama, South Goa – 403 802
Corporate Office: 9 Mansi, 401 Ram Maruti Road, 1st Cross Lane, Near Tilak Garden, Thane West – 400 602
CIN: L63090GA1963PLC000002

The filing underscores the company's adherence to its statutory and regulatory obligations under the SEBI framework ahead of its annual financial disclosures.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.01%	-0.12%	+11.17%	+11.61%	-0.88%	+352.55%

Chowgule Steamships Limited has announced its unaudited standalone financial results for Q3FY26, demonstrating resilient profitability despite operational revenue challenges. The shipping company's Board of Directors approved the quarterly results at their meeting held on February 11, 2026, at The Oberoi, Nariman Point, Mumbai.

Q3FY26 Financial Performance

The company delivered mixed results for the quarter ended December 31, 2025, with profit growth offsetting revenue decline:

Metric:	Q3FY26	Q3FY25	Change (%)
Revenue from Operations:	₹80.60 lakhs	₹99.07 lakhs	-18.6%
Other Income:	₹98.78 lakhs	₹74.26 lakhs	+33.0%
Total Income:	₹179.38 lakhs	₹173.33 lakhs	+3.5%
Net Profit:	₹29.02 lakhs	₹22.66 lakhs	+28.1%
Earnings per Share:	₹0.08	₹0.06	+33.3%

While revenue from operations declined by 18.6% year-on-year, the company's other income surged 33.0% to ₹98.78 lakhs, helping maintain overall income growth. Net profit increased substantially by 28.1% to ₹29.02 lakhs, demonstrating effective cost management.

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, presented a different picture with overall performance declining compared to the previous year:

Parameter:	9M FY26	9M FY25	Change (%)
Revenue from Operations:	₹239.84 lakhs	₹285.19 lakhs	-15.9%
Total Income:	₹463.16 lakhs	₹524.24 lakhs	-11.6%
Net Profit:	₹72.56 lakhs	₹106.87 lakhs	-32.1%
Earnings per Share:	₹0.20	₹0.29	-31.0%

The nine-month results showed revenue from operations declining 15.9% to ₹239.84 lakhs, while net profit fell significantly by 32.1% to ₹72.56 lakhs.

Expense Management and Operational Efficiency

The company's expense structure for Q3FY26 revealed focused cost control measures:

Employee Benefits Expense: ₹22.06 lakhs (vs ₹20.97 lakhs in Q3FY25)
Finance Costs: ₹1.91 lakhs (significantly down from ₹9.96 lakhs)
Depreciation & Amortisation: ₹10.92 lakhs (vs ₹9.16 lakhs)
Other Expenses: ₹108.47 lakhs (vs ₹101.31 lakhs)

Total expenses increased to ₹143.36 lakhs from ₹141.40 lakhs, representing a modest 1.4% rise despite inflationary pressures.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company operates exclusively in the shipping segment and maintains its registered office in Vasco Da Gama, South Goa. The results have been prepared in accordance with Indian Accounting Standard 34 and comply with SEBI Listing Regulations.

Chowgule Steamships continues to navigate the challenging shipping industry environment while maintaining profitability in the short term, though the nine-month performance indicates ongoing operational headwinds that require strategic attention.