Chowgule Steamships Ltd — Updates, 30-05-2025: Company Update

Chowgule Steamships has announced a secretarial compliance report for the year ended March 31, 2025, confirming overall adherence to applicable SEBI regulations with some exceptions. The company did not obtain prior approvals for certain related party transactions but is taking corrective steps to regularize these and ensure compliance. Past issues included delays in appointing an Independent Director, filing related party transactions, and submitting the annual secretarial report, for which fines were paid and remedial actions completed. The company maintains necessary policies, conducts board evaluations, and is progressing with the liquidation of its wholly owned subsidiary. No disqualifications or major non-compliances were noted during the period.