Chowgule Steamships Ltd — Board Meeting, 22-05-2025: Board Meeting

Chowgule Steamships has announced a board meeting on which approved the financial results for the quarter and half-year. The company reported total income of ₹7.22 Cr for the year, with profit after tax of ₹1.29 Cr, down from ₹7.42 Cr last year. Key expenses include finance costs and employee benefits. The auditors issued an unmodified opinion on the results. The board approved the reappointment of Mr. Ramesh Chowgule and appointment of Mr. Amit Khandelwal as Independent Director, subject to shareholder approval. The wholly-owned subsidiary Chowgule Steamships Overseas Limited is set to be dissolved by June 2025. Related party transactions exceeding thresholds will be regularized with shareholder approval.