The disclosure under Regulation 7(2) is attached for reference
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Awaiting price reaction for this filing.
Chowgule Steamships Ltd informed BSE that promoter Padma V Chowgule has transferred her entire holding of 2,28,420 equity shares (0.63% of the company) as a gift via an off-market transaction on December 11, 2025. Post this transfer, her shareholding in the company has come down to 0%. The company noted that the gift is connected to a Memorandum of Family Settlement (MOFS) between Group A and Group B of the promoter family, under which Group A is obligated to transfer its shareholding to Group B. Arbitration proceedings for enforcement of this MOFS are currently pending. The Form C disclosure was signed on December 15, 2025 and filed with BSE on December 17, 2025.
This is a small promoter-level transfer (0.63%) via gift rather than a market sale, so it is unlikely to affect the stock price directly. However, it reflects an ongoing family settlement process that could lead to further changes in the promoter shareholding pattern, which shareholders should monitor.