Chowgule Steamships re-appoints Vijay Chowgule as director

1 min read | Published on 05 Aug 2026, 05:51 PM |Updated on 05 Aug 2026, 05:51 PM

Reviewed by

Riya DScanX News Team

Key Highlights

Chowgule Steamships Limited re-appointed Vijay Vishwasrao Chowgule as a Non-Executive Director on August 5, 2026. The decision follows his retirement by rotation and eligibility for reappointment. The filing, submitted under Regulation 30 of SEBI LODR, highlights his 30+ years of experience and educational background from Georgia Institute of Technology.

*this image is generated using AI for illustrative purposes only.

Chowgule Steamships Limited has re-appointed Vijay Vishwasrao Chowgule as a Non-Executive Director, effective August 05, 2026. The company name Board approved the move after Chowgule retired by rotation and offered himself for reappointment. This continuity in leadership aims to leverage his extensive experience in the shipping industry, where he has been associated with the firm for more than 30 years.

The reappointment was formalized under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to BSE Limited on August 05, 2026, citing compliance with SEBI Circular ref. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Rinky Gupta, Company Secretary and Compliance Officer, signed the intimation.

Director Profile and Qualifications

Vijay Vishwasrao Chowgule (DIN: 00018903) holds a Bachelor of Science in textile chemistry and industrial management from the Georgia Institute of Technology in Atlanta, Georgia, USA. He has served on the Boards of Directors of various public and private companies, accumulating vast business experience. His long-standing association with Chowgule Steamships is noted as a significant contributor to the company's growth.

Disclosure of Relationships

As per regulatory requirements, the filing discloses familial relationships between directors:

Relationship	Director Name
Sister	Prof. Dr. Rohini Chowgule
Cousin	Mr. Ramesh Chowgule

These relationships are standard disclosures required for board appointments and do not imply any conflict of interest unless specified in further filings.

Historical Stock Returns for Chowgule Steamships

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.53%	-0.40%	+1.41%	+13.22%	-1.97%	+148.17%

How might Vijay Chowgule's reappointment influence Chowgule Steamships' strategic direction in the evolving global shipping market?

What impact could this leadership continuity have on the company's stock performance and investor confidence in the short to medium term?

Are there any upcoming regulatory changes in the shipping sector that Vijay Chowgule's 30+ years of experience will be particularly crucial for navigating?

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Chowgule Steamships net profit jumps 128% to ₹63.81 lakh in Q1FY26

2 min read | Published on 04 Aug 2026, 08:59 PM |Updated on 04 Aug 2026, 10:58 PM

Reviewed by

Shriram SScanX News Team

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Key Highlights

Chowgule Steamships achieved a net profit of ₹63.81 lakh in Q1FY26, a sharp recovery from the ₹86.55 lakh loss in Q4FY25. The improvement was primarily due to a rise in other income to ₹109.08 lakh and zero finance costs, despite stable revenue at ₹82.27 lakh.

*this image is generated using AI for illustrative purposes only.

Chowgule Steamships reported a net profit of ₹63.81 lakh for the quarter ended June 30, 2026, marking a 128% year-on-year increase from the ₹27.98 lakh profit recorded in Q1FY25. This significant turnaround from the loss of ₹86.55 lakh in the preceding quarter (Q4FY25) signals improved operational efficiency and substantial gains from non-operating sources, offering a positive outlook for shareholders despite modest top-line stability.

The Board of Directors approved the unaudited standalone financial results on August 04, 2026, during a meeting held in Goa. The results were reviewed by the Audit Committee and adopted pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M. N. Choksi & Co. LLP, the statutory auditors, issued a limited review report under Standard on Review Engagements (SRE) 2410, stating that nothing came to their attention to suggest the statement contained material misstatements or failed to disclose required information under Ind AS 34.

Financial Performance

Revenue from operations for Q1FY26 was ₹82.27 lakh, down slightly from ₹83.41 lakh in Q1FY25 but lower than the ₹87.47 lakh reported in Q4FY25. Total expenses decreased to ₹122.83 lakh from ₹125.99 lakh in Q4FY25 and ₹126.17 lakh in Q1FY25. Notably, finance costs were nil for the quarter, compared to ₹8.31 lakh in Q4FY25 and ₹7.41 lakh in Q1FY25, contributing significantly to the improved bottom line. Employee benefits expense remained stable at ₹16.71 lakh, while depreciation and amortization increased to ₹9.23 lakh from ₹7.25 lakh in the previous quarter.

Metric	Q1FY26 (₹ Lakh)	Q4FY25 (₹ Lakh)	Q1FY25 (₹ Lakh)
Revenue from Operations	82.27	87.47	83.41
Other Income	109.08	32.99	81.86
Total Expenses	122.83	125.99	126.17
Profit Before Tax	68.52	(5.53)	39.10
Net Profit After Tax	63.81	(86.55)	27.98
EPS (Basic)	0.18	(0.24)	0.08

What the Numbers Show

The most striking feature of the quarter was the surge in other income, which rose to ₹109.08 lakh from ₹32.99 lakh in Q4FY25 and ₹81.86 lakh in Q1FY25. This component accounted for approximately 57% of total income, indicating that the profitability turnaround was largely driven by non-operating gains rather than core shipping activities. While revenue from operations remained relatively stable, the elimination of finance costs and controlled employee benefits expense helped widen the profit margin. Investors should note that while the bottom line has strengthened significantly, the reliance on other income for current profitability introduces volatility risk if such gains are not sustainable.

There were no related party transactions, deviations from forecasts, or defaults on loan payments reported for the quarter. The company operates exclusively in the shipping segment.

Historical Stock Returns for Chowgule Steamships

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.53%	-0.40%	+1.41%	+13.22%	-1.97%	+148.17%

What specific non-operating activities contributed to the 230% surge in other income, and are these gains likely to recur in subsequent quarters?

How does the elimination of finance costs impact the company's debt structure, and does this indicate a strategic deleveraging or temporary refinancing?

Given the slight decline in revenue from operations, what operational strategies is Chowgule Steamships implementing to drive core shipping profitability independent of other income?

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