Chowgule Steamships Ltd — Others, 15-07-2025: Others

Chowgule Steamships' annual profit after tax dipped to ~Cr 1.29 for FY25 from ~Cr 7.42 last year, impacted by lower lease income, higher related party costs, and no repeat of a one-time gain. At the upcoming Annual General Meeting, the company seeks shareholder approval for significant related party transactions: new financial assistance of up to Cr 10 and ratification of Cr 12.50 past loans to promoter Dolphin Investments, plus liasoning fees. Also on the agenda: property leasing to related entities Chowgule Lavgan Shiprepair and Angre Port, and a new Cr 10 loan to Angre Port. Re-appointing two directors aged over 75 also requires approval.