The Scrutinizers Report and Voting Results under Regulation 44 are enclosed
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Chowgule Steamships Limited held its 62nd Annual General Meeting on August 8, 2025, at Vasco-Da-Gama, Goa, and all 11 resolutions were approved by shareholders with the requisite majority. The resolutions covered routine items including adoption of FY25 audited financial statements, re-appointment of Mr. Ramesh Laxmanrao Chowgule as a director (retiring by rotation), re-appointment of Mr. Amit Khandelwal as Independent Director for a second term, and appointment of M/s. Pranay D. Vaidya & Co. as Secretarial Auditors for 5 years. Several special resolutions involved related-party transactions: ratification of transactions and liaisoning fees with Dolphin Investments Limited, leasing of property to Chowgule Lavgan Shiprepair Pvt Ltd and Angre Port Pvt Ltd, and approval for a loan/ICD/investment/guarantee of INR 1,000 Lakhs to Angre Port Pvt Ltd. Continuation of Prof. (Dr.) Rohini Chowgule and Mr. Ramesh Chowgule as Non-executive Non-independent Directors beyond 75 years of age was also approved. Total shareholders on record date (Aug 1, 2025) were 21,217; promoter group holds about 72.1% of the equity.
All 11 resolutions passed comfortably, indicating smooth shareholder approval of management and promoter-driven proposals, including related-party transactions and director re-appointments. Investors should note the significant related-party dealings being ratified (with Dolphin Investments, Angre Port, and Chowgule Lavgan Shiprepair) and the INR 10 crore loan/guarantee authorization to Angre Port Pvt Ltd, though promoter abstention on related-party resolutions allowed public shareholders to determine outcomes.