The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umaji Vishwasrao Chowgule
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Promoter Umaji Vishwasrao Chowgule has increased his stake in Chowgule Steamships Ltd by 1,14,210 equity shares, acquired as an off-market inter-se gift from Ms. Padma Vishwasrao Chowgule on 11.12.2025. His holding rose from 2,57,971 shares (0.71%) to 3,72,181 shares (1.025%) of the company's equity capital. The total share capital of the company remains at 36,30,84,250 equity shares, and no cash transaction was involved as the shares were received as a family gift. The disclosure under SEBI SAST Regulation 29(2) was originally filed on 15.12.2025 in letter format and is now being resubmitted in the prescribed format.
This is an internal promoter-family reshuffle with no impact on the company's total promoter holding or cash flows. Shareholders need not be concerned as no market purchase occurred, and the stock price is unlikely to be materially affected.