The notice of extra ordinary general meeting is attached for reference
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Chowgule Steamships has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) scheduled for Thursday, January 8, 2026 at 11:00 A.M. in Vasco-Da-Gama, Goa. The corrigendum fixes an inadvertent oversight where the words identifying the resolution as a 'Special Resolution' were omitted from the heading. The sole business at the EGM is to approve the remuneration of Mr. Vijay Vishwasrao Chowgule (DIN: 00018903), Promoter and Whole-time Director, at ₹84 lakhs per annum (₹7 lakhs per month), excluding sitting fees, effective December 1, 2025 until September 26, 2027, applicable even during periods of inadequate or absence of profits under Schedule V of the Companies Act, 2013. Mr. Vijay Chowgule has not received any remuneration from the company since his appointment as WTD in 2022. E-voting runs from January 4, 2026 (9:00 A.M.) to January 7, 2026 (5:00 P.M.), with the record date being January 1, 2026.
Shareholders are being asked to approve remuneration to the promoter-director even in years of inadequate or no profits, which could be a sensitive item for minority shareholders. Investors should review the rationale and exercise their voting rights through remote e-voting before January 7, 2026, as the outcome of this Special Resolution will be binding on all shareholders.