Chowgule Steamships Q3FY26 Profit Rises 28.1% YoY

Chowgule Steamships reported Q3FY26 net profit of ₹29.02 lakhs, up 28.1% YoY, despite revenue declining 18.6% to ₹80.60 lakhs. Nine-month profit fell 32.1% to ₹72.56 lakhs.

Chowgule Steamships Promoter Acquires Additional Shares

Promoter Ashok Vishwasrao Chowgule acquired 1,14,210 equity shares through off-market gift, increasing his shareholding from 0.88% to 1.195% in compliance with SEBI regulations.

Chowgule Steamships Promoter Acquires Additional Shares

Mr. Umaji Vishwasrao Chowgule, promoter of Chowgule Steamships Limited, acquired 1,14,210 equity shares through off-market gift transaction, increasing his shareholding from 0.71% to 1.025%.

Chowgule Steamships Reports Financial Results and Board Decisions

Chowgule Steamships Limited's Board of Directors approved the standalone unaudited financial results for the quarter and half year ended September 30, 2025. The company reported total income of ₹283.78 lakhs for the half year compared to ₹350.91 lakhs in the previous period. Profit after tax for the half year was ₹43.54 lakhs versus ₹128.52 lakhs in the prior period. The Board also approved remuneration for Whole-Time Director Vijay Chowgule, subject to shareholder approval at the upcoming General Meeting. Additionally, the Board decided to convene an Extra-Ordinary General Meeting for shareholder approvals on related matters. The company operates solely in the shipping business segment.

Chowgule Steamships Approves Director Appointments and Secretarial Auditor Selection

Chowgule Steamships Limited approved several key appointments. The company re-appointed Mr. Ramesh Chowgule as Non-Executive Director and continued Prof (Dr.) Rohini Chowgule as Non-Executive Director, both for terms from August 08, 2025 to August 07, 2030. The company also approved the appointment of Mr. Amit Khandelwal as Independent Director for five years starting January 16, 2026, subject to shareholder approval. Mr. Khandelwal is a Chartered Accountant with over 30 years of banking experience, having worked with DSP Merrill Lynch, Credit Suisse and Kotak Bank. Additionally, the company appointed M/s. Pranay D. Vaidya and Co. as Secretarial Auditors for a five-year period from August 08, 2025 to August 07, 2030. The appointments reflect the company's board restructuring and governance compliance requirements.