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Chowgule Steamships Ltd logo

Chowgule Steamships Ltd

NSE: CHOWGULSTM BSE: 501833

₹19.52

(-2.30)%

Wed, 04 Feb 2026, 00:42 am

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chowgule steamships ltd 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.

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