The Outcome and Unaudited Financial Results are annexed for reference
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The Board of Chowgule Steamships approved standalone unaudited results for Q2 and H1 FY26 (ended Sep 30, 2025). Revenue from operations fell to ₹75.83 lakhs in Q2 from ₹93.72 lakhs a year earlier, with H1 revenue declining to ₹159.24 lakhs vs ₹186.12 lakhs. Profit after tax nearly halved to ₹15.56 lakhs in Q2 (vs ₹33.41 lakhs) and dropped to ₹43.54 lakhs for H1 vs ₹84.21 lakhs. The Board also approved remuneration for Whole-Time Director Vijay Chowgule and called an Extraordinary General Meeting. The auditor (M.N. Choksi & Co.) issued an unqualified limited review report with no qualifications.
Sharp YoY decline in both revenue and profits, combined with weak margins, suggests continued operational stress for shareholders. The stock is very small and illiquid, but the trend is clearly negative quarter-on-quarter.