Chowgule Steamships Director Receives ED Summons

Key Details

• Mr. Vijay Chowgule, Whole Time Director of the Company, received a Summons dated 05 June 2026 from the Directorate of Enforcement (ED), Panji Zonal Office Goa
• The summons was issued 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 summons requires personal appearance for proceedings under the Foreign Exchange Management Act, 1999 in the case of Jaywant Chowgule and others
• The summons also requires submission of documents mentioned in the summons

Current Status

No formal charges or orders have been passed against the company or the director as of the disclosure date.

Financial Impact Assessment

The company explicitly states that there is no impact on the financial or operational activities of the Company from this summons. No quantifiable monetary impact has been identified.