Chowgule Steamships Director Receives Summons from Directorate of Enforcement
Chowgule Steamships Ltd has confirmed that its Whole Time Director received a summons from the Directorate of Enforcement (ED). The summons pertains to proceedings under the Foreign Exchange Management Act, 1999.The director named in the communication is Mr. Vijay Chowgule. The document was received on June 5, 2026, from the ED Panji Zonal Office.
The Directorate of Enforcement issued the summons concerning attendance and inquiry purposes related to proceedings under Section 37 (1) and (3) of FEMA, 1999, read with section 131 (1) of the Income Tax Act, 1961 and Section 30 of the Code of Civil Procedure, 1908. The inquiry involves Jaywant Chowgule and others.
No formal charges have been passed regarding this matter.
Details concerning the action initiated by the authority are presented below:
| Authority Name | Action Taken | Receipt Date |
|---|---|---|
| Directorate of Enforcement (ED), Panji Zonal Office | Summons to Mr. Vijay Chowgule under Section 37 (1) and (3) of FEMA, 1999 read with section 131 (1) of the Income Tax Act, 1961 and Section 30 of the Code of Civil Procedure, 1908 | June 5, 2026 |
The company reported that the receipt of the summons has no material impact on its financial or operational activities.
Stock Price Movement
Chowgule Steamships Ltd settled at ₹21.75 today, edging up 2.02% in afternoon trade. Shares experienced movement throughout the session, swinging between an intraday low of ₹20.65 and a high of ₹22.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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