Chowgule Steamships: Promoter Group Share Transfer via Family Settlement

Chowgule Steamships Limited has received a Letter of Intent (LOI) from Chowgule and Company Private Limited (CCPL), a promoter group entity, for the inter-se transfer of 1,74,50,333 equity shares. This transfer is part of the implementation of a Memorandum of Family Settlement (MOFS) dated January 11, 2021, aimed at realigning shareholdings within the Chowgule family. The transfer will be an off-market transaction without cash consideration, with specific allocations to individuals like Mr. Vijay Vishwasrao Chowgule.