Chowgule Steamships Limited announced that its Board of Directors has considered and approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2026. The board meeting also discussed the cessation of the Company Secretary and Compliance Officer and considered a letter of intent regarding an inter-se transfer of equity shares among promoters.
Board Convenes to Review Financials
The Board of Directors of Chowgule Steamships Limited held a meeting on Wednesday, October 28, 2026, to discuss and approve key corporate matters. A primary agenda item was the consideration and approval of the company’s standalone unaudited financial results for the quarter and half-year period that concluded on September 30, 2026. These results comply with Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and include the Statement of Assets and Liabilities and Cash Flow Statement, along with a Limited Review Report.
Other Key Decisions
In addition to the financial review, the Board also deliberated on the cessation of the office of the Company Secretary and Compliance Officer, authorizing a fresh appointment. Furthermore, the Board considered a Letter of Intent received from Chowgule and Company Private Limited, a promoter, concerning a proposed inter-se transfer of equity shares among promoters and the promoter group. This proposed transfer is in line with the implementation of a Memorandum of Family Settlement dated January 11, 2021.
Financial Highlights
The standalone financial statement for the half-year ended September 30, 2026, shows total income of ₹301.74 Lakhs and total expenses of ₹237.87 Lakhs. Profit before exceptional items and tax stood at ₹63.87 Lakhs. After accounting for tax expenses of ₹20.90 Lakhs, the profit after tax for the half-year was ₹42.97 Lakhs. For the quarter ended September 30, 2026, the profit after tax was ₹63.81 Lakhs.
Source: BSE
