The disclosure under Regulation 7(2) of SEBI (PIT) REgulations 2015 are attached for reference
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Awaiting price reaction for this filing.
Promoter Mr. Umaji Vishwasrao Chowgule acquired 114,210 equity shares (0.315%) of Chowgule Steamships Ltd through an off-market gift from Ms. Padma Vishwasrao Chowgule on December 11, 2025. After this acquisition, his holding increased from 2,57,971 shares (0.71%) to 3,72,181 shares (1.025%) of the company. The disclosure was filed under SEBI Insider Trading Regulations (Form C) to report the change in promoter shareholding. The filing notes that a Memorandum of Family Settlement (MOFS) exists between Group A and Group B, under which Group A is obligated to transfer its entire shareholding in the company to Group B, with arbitration proceedings currently pending.
This is an internal promoter-family share reshuffle via gift (not a market purchase), so it has no direct price impact. However, the ongoing family settlement dispute and arbitration over the company's shareholding could create uncertainty around ultimate promoter control going forward.