Company Update

Chowgule Steamships will hold its Annual General Meeting to approve financial results for FY 2025-26, which saw a net loss of INR 0.14 Cr, down from a profit of INR 1.29 Cr in the prior year, primarily due to reduced lease income and higher expenses.

The company also announced the dissolution of its wholly-owned subsidiary, CSOL.

Shareholders will vote on several related party transactions, including new loans/investments of up to INR 25 Cr with promoter Dolphin Investments, and leasing arrangements totaling up to INR 3 Cr per annum with other group entities.

The company also seeks approval to invest surplus funds in immovable property for long-term appreciation and strategic business use, and has received an ED summons.