Chowgule Steamships confirmed the untimely demise of Mrs. Rinky Devi Amarjeet Gupta, the company's Company Secretary and Compliance Officer, on September 28, 2026. Gupta served as a Key Managerial Personnel (KMP) for the shipping and logistics firm.

The company informed the Bombay Stock Exchange (BSE) regarding the cessation of her services due to death. This disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the cessation

The filing highlighted that the date of demise was yet to be confirmed at the time of the intimation, though the company became aware of the event on September 28, 2026. The notification was signed by Vijay Vishwasrao Chowgule, Whole-Time Director, on behalf of the Board of Directors.

The corporate office is located in Thane, Mumbai, while the registered office remains in Vasco da Gama, Goa.

Chowgule Steamships shareholders approved all 11 resolutions at its 63rd Annual General Meeting (AGM) on August 05, 2026, in Vasco-Da-Gama, Goa. The unanimous backing by non-interested shareholders validates critical related party transactions with group entities, including a ₹1,000 lakh financial accommodation to Angre Port Private Limited. This approval allows the company to proceed with strategic operational leases and capital investments without regulatory hindrance.

The Board of Directors sought approval under Section 188 of the Companies Act, 2013 and Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Scrutinizer Pranay D. Vaidya of M/s. Pranay D. Vaidya & Co. confirmed that all resolutions passed with the requisite majority pursuant to Section 108 of the Act and Rule 20 of the Companies (Management & Administration) Rules, 2014. A key compliance feature was the abstention of the promoter group from voting on nine special resolutions involving related parties, ensuring adherence to conflict-of-interest norms.

Voting Breakdown and Promoter Abstention

The total equity shareholding stood at 36,308,425 shares as of the record date, July 29, 2026. While the promoter group held 26,189,183 shares (72.1% of total), they cast zero votes on all related party transactions. This included resolutions concerning Dolphin Investments Limited, Chowgule Lavgan Shiprepair Private Limited, Angre Port Private Limited, Chowgule Fiberglass Ships Private Limited, and Chowgule Prestige Private Limited. A total of 18,145,662 equity shares were treated as invalid votes for Items 2 to 10 as they were cast by interested persons.

The promoter group voted only on ordinary business items where they had no interest, specifically the adoption of audited standalone financial statements for FY26 and the investment of surplus funds in immovable property. In these instances, promoters cast 17,640,037 votes in favour.

Key Resolutions Approved

The special resolutions covered a range of commercial arrangements essential for the company’s ongoing operations:

• Dolphin Investments Limited: Approval for related party transactions and payment of liaisoning fees.
• Chowgule Lavgan Shiprepair Private Limited: Authorization for leasing movable and immovable property, plus reimbursement for land fencing expenditure.
• Angre Port Private Limited: Approval for property leasing and a financial accommodation measure up to INR 1,000 lakhs via loan, inter-corporate deposit, advance, investment, or guarantee.
• Chowgule Fiberglass Ships Private Limited & Chowgule Prestige Private Limited: Approval for related party transactions, including vessel operations.

Additionally, shareholders approved the re-appointment of Vijay Vishwasrao Chowgule, who retires by rotation. The meeting saw 43 members present personally, along with two proxies and two authorized representatives. Remote e-voting was conducted from August 02 to August 04, 2026, with MUFG Intime India Private Limited serving as the e-voting agency. Of the total votes cast, 203 were in favour and 4 were against via remote electronic voting prior to the meeting.