Chowgule Steamships Ltd (501833)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Chowgule Steamships' revenue was ₹0.8 Cr (-0.9% year on year, -5.4% on the previous quarter), and net profit ₹0.6 Cr (+127.9% year on year); the operating margin was -38.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.8 | -0.9% | -5.4% |
| Operating profit | ₹-0.3 | loss widened | loss widened |
| Net profit | ₹0.6 | +127.9% | from loss |
| EPS (₹) | 0.18 | +125.0% | from loss |
| Operating margin | -38.1% | — | — |
📢 Recent Corporate Announcements
Chowgule Steamships has approved the re-appointment of Mr. Vijay Vishwasrao Chowgule as a Non-Executive Director effective August 5, 2026. Mr. Chowgule, who has been associated with the company for over 30 years, was re-appointed after retiring by rotation. This is a routine administrative move for the small-cap shipping firm, which currently reports a negative net worth of ‹57 Cr and very low TTM revenue of ‹3 Cr. The promoter group maintains a high stake of 72.13% in the company.
- Mr. Vijay Vishwasrao Chowgule re-appointed as Non-Executive Director effective August 5, 2026
- Director has been associated with the company for more than 30 years
- Promoter holding remains significant at 72.13% as of March 2026
- Company is operating with a negative net worth of ‹57 Cr and TTM revenue of only ‹3 Cr
Chowgule Steamships held its 63rd AGM on August 05, 2026, transacting 11 items of business. Key proposals included a significant loan/investment of Rs 10 crore to Angre Port Private Limited and the investment of surplus funds into immovable property. This loan is highly material as it represents over 3x the company's TTM revenue of Rs 3 crore. Additionally, several related party transactions (RPTs) with entities like Dolphin Investments and Chowgule Lavgan Shiprepair were put to vote.
- Proposed loan, inter-corporate deposit, or investment of Rs 1,000 lakhs (Rs 10 Cr) to Angre Port Private Limited
- Approval sought for investing surplus funds in immovable property for long-term appreciation
- Multiple related party transactions (RPTs) proposed with Dolphin Investments Limited and Chowgule Lavgan Shiprepair
- 63rd AGM conducted with 43 members present personally and 2 proxies
- Company reported TTM revenue of only Rs 3 Cr against a proposed Rs 10 Cr loan to a related party
Chowgule Steamships held its 63rd AGM on August 5, 2026, seeking shareholder approval for 11 resolutions. A major highlight is the proposed loan or investment of Rs 10 crore to Angre Port Private Limited, a significant amount given the company's TTM revenue of only Rs 3 crore. The meeting also addressed several related party transactions (RPTs) involving leasing properties and liasoning fees to group entities. Furthermore, the company proposed investing surplus funds into immovable property for long-term appreciation, despite a reported negative net worth of Rs -57 crore in recent financial data.
- Proposed loan, inter-corporate deposit, or investment of Rs 1,000 lakhs (Rs 10 crore) to Angre Port Private Limited.
- The Rs 10 crore loan represents approximately 333% of the company's TTM revenue of Rs 3 crore.
- Approval sought for multiple Related Party Transactions with Dolphin Investments, Chowgule Lavgan Shiprepair, and others.
- Proposal to invest surplus funds in immovable property for strategic business use and long-term appreciation.
- Total of 11 resolutions were transacted, including 8 items of Special Business primarily focused on group company dealings.
Chowgule Steamships approved its un-audited financial results for the quarter ended June 30, 2026, in a board meeting held on August 04, 2026. The company reported no defaults on loans or debt securities and no related party transactions for the period. Financially, the company remains in a distressed state with a negative net worth of Rs -57 Cr and a very low TTM revenue base of just Rs 3 Cr. The results were accompanied by a Limited Review Report from the statutory auditors.
- Board approved un-audited financial results for the quarter ended June 30, 2026
- Reported zero defaults on payment of loans and debt securities for the quarter
- Company maintains a negative net worth of Rs -57 Cr as per latest financial context
- TTM revenue remains extremely low at approximately Rs 3 Cr
- Promoter holding remains stable at 72.13% as of March 2026
Chowgule Steamships approved its unaudited financial results for the quarter ended June 30, 2026, in a board meeting held on August 4, 2026. The company specifically disclosed that there were no defaults on loan payments or debt securities during the quarter. This is a critical update given the company's precarious financial position, characterized by a negative net worth of Rs -57 Cr and a debt of Rs 13 Cr. The meeting concluded at 6:15 PM, confirming the adoption of the Limited Review Report by statutory auditors.
- Board approved unaudited financial results for the quarter ended June 30, 2026.
- Reported zero defaults on payment of loans and debt securities for the period.
- Company maintains a negative net worth of Rs -57 Cr against a market cap of Rs 80 Cr.
- TTM revenue remains low at Rs 3 Cr, highlighting a small operational base.
- Board meeting concluded at 06:15 P.M. on August 04, 2026.
Chowgule Steamships has scheduled a board meeting for August 04, 2026, to consider and approve the standalone unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing. The company is currently operating on a very small scale with TTM revenue of just ₹3 Cr and faces significant financial stress with a negative net worth of ₹57 Cr. Investors should look for any signs of operational turnaround or balance sheet restructuring in the upcoming results.
- Board meeting scheduled for August 04, 2026, at 04:00 P.M. to approve Q1 results
- Focus will be on the standalone unaudited financial results for the quarter ended June 30, 2026
- Company reports a negative net worth of ₹57 Cr as per latest financial context
- TTM revenue is currently low at ₹3 Cr compared to a market capitalization of ₹80 Cr
- Operating profit margin (OPM) remains under pressure at -4.4%
Chowgule Steamships Ltd has scheduled its 63rd Annual General Meeting (AGM) for August 5, 2026, in Goa. The company has established July 29, 2026, as the cut-off date to determine shareholder eligibility for voting on resolutions. To facilitate the AGM, the register of members and share transfer books will be closed from July 30 to August 5, 2026. Remote e-voting will be available for shareholders from August 2 to August 4, 2026.
- 63rd Annual General Meeting scheduled for August 5, 2026, at 11:00 A.M.
- Cut-off date for voting eligibility set for July 29, 2026
- Book closure period spans 7 days from July 30, 2026, to August 5, 2026
- Remote e-voting window open from August 2 (9:00 AM) to August 4 (5:00 PM), 2026
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