Chowgule Steamships Ltd
NSE: CHOWGULSTM BSE: 501833
₹20.29
(1.10%)
Sat, 10 Oct 2026, 06:03 pm
Market Cap (in Cr)73.67
PE Ratio337.04
Dividend0
Transportation
Marine Shipping
24.5KCompany History
1963
- The company was incorporated as a Private Ltd. Co. on 9th April.
- The company was converted into a Public Ltd. Co. on 31st December.
1981
- Authorised capital was reclassified.
- Pref. shares were redeemed on 30.6.1981.
- 23,35,000 shares were issued for cash at par through Prospectus in November.
1984
- 20,550 shares were forfeited.
- The forfeiture on 250 shares was annulled.
1988
- The company proposed to sell m.v. Maratha Elegance due to its uneconomic operations.
1989
- The company took delivery of two mini bulk carriers, m.v. Maratha Clipper and m.v. Maratha Cruiser.
1991
- The company took delivery of m.v. Maratha Concord of 3,897 DWT.
- Applications were made for the approval of two new Panaman Vessels.
- 10,00,000 shares were issued at par on rights basis to the shareholders.
- 11,50,000 shares were allotted to NRI in Pvt. placement.
- 50,000 shares were offered to employees.
1992
- The company received one of the two mini bulk carriers ordered, Maratha Classic of 2048 DWT.
- The company received approval in principle from the Government of India for acquisition of two new building Panamax vessels each of about 72,000 DWT.
- Chowgule Steamships Overseas Ltd. was incorporated in Guernsey with a paid-up capital of US $100.
1993
- The company proposed to buy one new Handimax Dry Bulk Carrier of about 40,000 DWT each during the next 3 to 5 years.
- SCICI executed its option to convert a part of its rupee term loans into equity and 6,08,400 No. of equity shares of Rs 10 each were issued to SCICI.
1994
- The company took delivery of M.V. Maratha Messenger, Panamax Bulk Carrier of 71252 DWT and M.V. Maratha Courage, mini bulk carrier of 2053 DWT.
- The company proposed to acquire two mini bulk carriers.
- The company proposed to raise Rs 25 crores by issue of Redeemable Preference shares.
- 96,89,325 Rights equity shares were issued.
1995
- The company absorbed an amount of Rs. 389 lacs for the financial year ended 31st March.
- The company proposed to acquire two Mini Bulk Carriers.
1996
- The company absorbed an amount of Rs. 565.22 lacs for the financial year ended 31st March.
- An agreement was entered into between the company and SCICI Ltd. to reschedule the total outstanding debt of Rs.4,225.44 lacs due to the Government.
- The company proposed to place orders for two Mini Bulk Carriers of 3250 DWT each with Chowgule & Company Ltd., Goa.
- Chowgule Steamships Overseas Ltd. proposed to acquire M.V. Maratha Providence from the company.
1997
- Chowgule Steamships inducted two new Panamax Bulk carriers and one mini-bulk carrier.
- The company signed a lease agreement with the State Bank of India for two new bulk carriers of 3250 dwt.
- The company added a new mini bulk carrier from Borneo Shipping & Timber Agencies Sdn. Bhd, Malaysia.
1998
- The company expanded its fleet with the addition of one newly built Panamox bulk carrier of 72,000 dwt and one newly built mini bulk carrier of 3,250 dwt.
- The company proposed to dispose of at least two vessels in the current fiscal.
1999
- The company allotted 1,37,00,000 equity shares of Rs. 10 each to Chowgule and Co. Ltd.
- The company's issued and paid-up capital increased to Rs. 36,30,84,250 divided into 3,63,08,425 equity shares of Rs. 10 each.
2006
- Mr. M P Patwardhan was elevated to the rank of Managing Director of the company.
2007
- Chowgule Steamships acquired a Japanese built secondhand vessel of 47,574 DWT, renamed as m.v. Maratha Providence.
2008
- Chowgule Steamships recommended a dividend of Rs 1.50 per equity share of Rs 10/- each.
2009
- The Company recommended a dividend of Rs 1.50 (15%) per equity share of Rs 10/- each.
2010
- The Company recommended a dividend of Rs 1.50 (15%) per equity share of Rs 10/- each.
2011
- Chowgule Steamships declared a dividend of 10%.
2012
- Chowgule Steamships expanded its fleet through investment in a wholly owned subsidiary.
