Chowgule Steamships Limited has announced a substantial acquisition of shares by its promoter, Ashok Vishwasrao Chowgule, in compliance with SEBI regulations. The transaction involved the acquisition of equity shares through an off-market gift, demonstrating continued promoter confidence in the company.

Share Acquisition Details

The promoter acquired 1,14,210 equity shares of Chowgule Steamships Limited through an off-market gift transaction completed on December 11, 2025. This acquisition represents 0.315% of the company's total share capital.

Shareholding Changes

The acquisition resulted in a significant increase in the promoter's shareholding position. Prior to this transaction, Ashok Vishwasrao Chowgule held 3,18,436 shares, representing 0.88% of the company's total share capital.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company initially submitted the disclosure in letter format on December 15, 2025, and subsequently resubmitted it on January 13, 2025, in the prescribed format to ensure full compliance with SEBI guidelines.

The promoter confirmed that no shares were encumbered, and no voting rights were acquired through instruments other than equity shares. The company's equity shares are listed on BSE Limited, and the total voting capital remained unchanged at ₹36,30,84,250 following the transaction.

Corporate Structure Impact

This acquisition strengthens the promoter's stake in the company while maintaining transparency through proper regulatory disclosures. The transaction was completed without any encumbrances, liens, or non-disposal undertakings, indicating a clean transfer of ownership through the gift mechanism.

Chowgule Steamships Limited has disclosed a substantial acquisition of shares by its promoter Mr. Umaji Vishwasrao Chowgule under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved the acquisition of equity shares through an off-market gift mechanism on December 11, 2025.

Transaction Details

The acquisition involved 1,14,210 equity shares, representing 0.315% of the company's total share capital. The shares were acquired through an off-market gift transaction, with the disclosure being submitted in the prescribed format as required by SEBI guidelines.

Shareholding Pattern Changes

Following the acquisition, Mr. Umaji Vishwasrao Chowgule's total shareholding in Chowgule Steamships Limited increased from 2,57,971 shares to 3,72,181 shares. This represents an increase in his voting rights from 0.71% to 1.025% of the company's total voting capital.

The company's equity share capital remained unchanged at ₹36,30,84,250 both before and after the transaction. The promoter held no encumbered shares, voting rights other than through shares, or convertible securities before or after the acquisition.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company noted that an earlier disclosure regarding this acquisition was submitted on December 15, 2025, in letter format, and the current submission provides the information in the prescribed regulatory format.

The acquisition strengthens the promoter's stake in the company while maintaining compliance with all applicable regulatory requirements for substantial share acquisitions.