Chowgule Steamships Limited has scheduled its 63rd Annual General Meeting (AGM) for Wednesday, August 5, 2026, at 11:00 A.M. at 3rd Floor, Centenary, Baina, Vasco-da-Gama, Goa. The meeting seeks shareholder approval for several related party transactions exceeding materiality thresholds under Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI (LODR) Regulations, 2015. Key proposals include financial assistance to Dolphin Investments Limited and Angre Port Private Limited, and leasing arrangements with group entities. The e-voting window is open from August 2 to August 4, 2026, with the book closure from July 30 to August 5, 2026.

Meeting Schedule

The company has established the cut-off date to determine member entitlements as Wednesday, July 29, 2026. Remote e-voting commences at 9:00 A.M. IST on Sunday, August 2, 2026, and concludes at 5:00 P.M. IST on Tuesday, August 4, 2026. Members who have not voted remotely will be provided poll papers at the AGM, while those who have voted remotely will not be permitted to vote again.

Related Party Transactions

The Board has proposed entering into transactions with promoter and group entities. Resolutions require approval for inter-corporate deposits and loans up to INR 2,500 Lakhs to Dolphin Investments Limited and up to INR 1,000 Lakhs to Angre Port Private Limited. Additionally, the company seeks approval for leasing movable and immovable properties to Chowgule Lavgan Shiprepair Private Limited, Angre Port Private Limited, and Chowgule Fiberglass Ships Private Limited, with annual lease fees up to INR 300 Lakhs each and security deposits up to INR 100 Lakhs.

Financial Highlights for FY 2025-26

The company reported a basic and diluted EPS of -0.04 for FY 2025-26. The return on net worth stood at NIL, compared to 2.86% in the previous year, attributed to reduced income due to property vacancy. The Board did not recommend any dividend for the year. Other equity stood at INR 805.85 Lakhs as of March 31, 2026, reflecting a total comprehensive loss of INR 14.78 Lakhs.

Corporate Governance and Developments

During the year, the company's wholly owned subsidiary, Chowgule Steamships Overseas Ltd, was dissolved on June 16, 2025. The Secretarial Audit Report noted delays in filing certain forms with the Ministry of Corporate Affairs and the Registrar of Companies, though no penalties were imposed. The company spent INR 5,00,000 on CSR activities against an obligation of INR 2,30,992.80. As on March 31, 2026, promoters held 72.13% of the total shareholding, with 89.10% of shares dematerialized.

Chowgule Steamships Limited disclosed that its Whole Time Director, Mr. Vijay Chowgule, received a summons from the Directorate of Enforcement (ED) regarding an inquiry under the Foreign Exchange Management Act (FEMA), 1999. The summons, dated June 05, 2026, was issued by the Panji Zonal Office in Goa and calls for attendance and submission of documents. The company clarified that no formal charges or orders have been passed as of this communication.

The regulatory filing submitted to BSE Limited detailed the nature of the action, citing specific legal provisions including Section 37(1) and (3) of FEMA, 1999, read with Section 131(1) of the Income Tax Act, 1961, and Section 30 of the Code of Civil Procedure, 1908. The inquiry is connected to proceedings involving Jaywant Chowgule and others. The company emphasized that the development does not have a material impact on its financial or operational activities.

Key Details of the Summons

The following table outlines the particulars of the disclosure as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123:

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rinky Gupta, Company Secretary and Compliance Officer, signed the filing on behalf of the Board of Directors on June 06, 2026.