The details of Record date for Extra ordinary General Meeting is attached for reference
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Chowgule Steamships has called an Extra-Ordinary General Meeting on Thursday, January 8, 2026, at 11:00 AM at Vasco-Da-Gama, Goa. The only special business is a Special Resolution to approve the remuneration of Mr. Vijay Vishwasrao Chowgule, Promoter and Whole-time Director, at INR 84 lakh per annum (INR 7 lakh per month) effective December 1, 2025, until September 26, 2027. Importantly, no remuneration has been paid to him by the company since his appointment as WTD in September 2022, although he currently draws Rs. 6 lakh per month from group company Chowgule Industries. The cut-off date for e-voting eligibility is January 1, 2026, book closure runs January 2–8, 2026, and remote e-voting is open January 4–7, 2026. The resolution also allows this remuneration to continue even in years of inadequate or zero profits under Schedule V of the Companies Act. The company's net profit fell sharply from INR 740.78 lakh in FY24 to INR 127.31 lakh in FY25, even as net worth rose marginally to INR 4,451.47 lakh.
Shareholders must vote on a special resolution to green-light promoter-director pay that will continue even if the company posts weak or negative profits. The timing is notable given the steep drop in FY25 net profit, so investors may want to weigh whether the proposed INR 84 lakh annual pay is reasonable relative to the company's recent earnings and the fact that no salary has been paid so far.