Meeting Details

  • Date: Wednesday, August 5, 2026
  • Time: 11:00 AM
  • Venue: 3rd Floor, Centenary, Baina, Vasco-Da-Gama, Goa 403802
  • Cut-off date: Wednesday, July 29, 2026 (for determining members entitled to vote)

Voting Schedule

  • Remote E-voting period: Commences Sunday, August 2, 2026 at 09:00 AM IST and ends Tuesday, August 4, 2026 at 05:00 PM IST
  • Book Closure dates: Thursday, July 30, 2026 to Wednesday, August 5, 2026 (both inclusive)

Business Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider, approve and adopt the Audited Standalone Financial Statements for the year ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Director Re-appointment: To appoint Mr. Vijay Vishwasrao Chowgule (DIN: 00018903) who retires by rotation and offers himself for re-appointment

Special Business - Related Party Transactions

3. Resolution with Dolphin Investments Limited
  • Related Party: Dolphin Investments Limited (Promoter of the Company)
  • Nature: Inter-corporate deposit, loan, advance, investment or guarantee
  • Amount: Up to ₹2,500 lakhs
  • Interest: Arm's length basis as per prevailing market standards
  • Tenure: Three years or as agreed
  • Purpose: Legitimate business purposes aligned with promoter's and Company's strategic objectives
  • Source of Funds: Company's own reserves
4. Liasoning Fees to Dolphin Investment Limited
  • Related Party: Dolphin Investment Limited (Promoter)
  • Nature: Payment of liasoning fees for strategic advice, business strategy development, property consultancy, and commercial/financial advisory
  • Amount: Up to ₹300 lakhs per annum
  • FY 2025-26 Actual: ₹110 lakhs (aggregated till March 31, 2026)
  • Current FY: ₹15 lakhs (up to preceding quarter)
5. Leasing to Chowgule Lavgan Shiprepair Private Limited
  • Related Party: Chowgule Lavgan Shiprepair Private Limited (Company with common directors)
  • Nature: Leave and license/lease of movable/immovable properties
  • Rent/License Fees: Up to ₹300 lakhs per annum
  • Security Deposit: Up to ₹100 lakhs (refundable, non-interest bearing)
  • FY 2025-26 Actual: Security Deposit ₹3.38 lakhs, Lease Rent ₹24.38 lakhs
  • Current FY: Lease Rent ₹7.89 lakhs
6. Reimbursement to Chowgule Lavgan Shiprepair Private Limited
  • Related Party: Chowgule Lavgan Shiprepair Private Limited
  • Nature: Reimbursement of expenditure for fencing of land
  • Amount: Up to ₹200 lakhs
7. Leasing to Angre Port Private Limited
  • Related Party: Angre Port Private Limited (Company with common directors)
  • Nature: Leave and license/lease of movable/immovable properties
  • Rent/License Fees: Up to ₹300 lakhs per annum
  • Security Deposit: Up to ₹100 lakhs
  • FY 2025-26 Actual: Security Deposit ₹3.22 lakhs, Lease Rent ₹14.25 lakhs
  • Current FY: Lease Rent ₹5.05 lakhs
8. Financial Assistance to Angre Port Private Limited
  • Related Party: Angre Port Private Limited
  • Nature: Loan, inter-corporate deposit, advance, investment or guarantee
  • Amount: Up to ₹1,000 lakhs
  • Interest: Arm's length basis as per prevailing market standards
  • FY 2025-26: Interest Received ₹91 lakhs
  • Current FY: ₹15.71 lakhs
9. Leasing to Chowgule Fiberglass Ships Private Limited
  • Related Party: Chowgule Fiberglass Ships Private Limited (Company with common directors)
  • Nature: Leave and license/lease of movable/immovable properties
  • Rent/License Fees: Up to ₹300 lakhs per annum
  • Security Deposit: Up to ₹100 lakhs (refundable, non-interest bearing)
10. Vessel Operations for Chowgule Prestige Private Limited
  • Related Party: Chowgule Prestige Private Limited (Company with common directors)
  • Nature: Operations of vessels
  • Amount: Up to ₹100 lakhs per annum (mentioned as ₹350 lakhs in one section)
  • FY 2025-26 Performance: PAT ₹7.025 lakhs, Net Worth (₹8.82) lakhs
11. Investment in Immovable Property
  • Nature: Investment of surplus funds in land/immovable property for long-term appreciation and strategic business use
  • Purpose: Capital appreciation and future use for principal business activities
  • Clarification: Does not constitute loan, guarantee or security under Section 186 of Companies Act, 2013

Voting Procedures

  • Members can vote remotely through NSDL/CDSL systems or physical poll at meeting
  • Scrutinizer: CS Pranay Vaidya, Practicing Company Secretary
  • Results to be declared within 48 hours of AGM conclusion
  • Related parties to abstain from voting on relevant resolutions

Financial Impact

All transactions are stated to be in ordinary course of business at arm's length basis. The aggregate values exceed materiality thresholds under Companies Act, 2013 and SEBI LODR Regulations, requiring shareholder approval via special resolutions.