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

Chowgule Steamships announced a change in its promoter shareholding. Padma V Chowgule, identified as a promoter, transferred 228,420 equity shares, which constitutes 0.63% of the company's total shareholding, through a gift. This transfer is understood to be connected to an existing Memorandum of Family Settlement (MOFS). Under this settlement, the transferor's group is obligated to transfer shares, and arbitration proceedings for its enforcement are currently ongoing. This disclosure provides insight into internal family arrangements impacting share ownership.