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

Chowgule Steamships reported a significant change in promoter shareholding. Umaji Vishwasrao Chowgule acquired 114,210 equity shares through an off-market gift from fellow promoter Padma Vishwasrao Chowgule. This transaction increases Umaji's total stake to 372,181 shares (1.025%). This share transfer is particularly relevant as it originates from a Memorandum of Family Settlement, where the transferring promoter's group is obligated to transfer their entire shareholding. Arbitration proceedings are ongoing to enforce this family settlement.