Chowgule Steamships Ltd — Important, 17-12-2025: Company Update

Chowgule Steamships reports an internal change in promoter shareholding. Promoter Ashok Vishwasrao Chowgule received 1,14,210 equity shares as a gift from fellow promoter Padma Vishwasrao Chowgule. This share transfer is noted to be related to a family settlement agreement where the transferring promoter (part of 'Group A') is obligated to transfer shares to 'Group B'. Arbitration proceedings regarding the enforcement of this settlement are ongoing. This transaction highlights ongoing internal shifts in ownership among key stakeholders.