Chowgule Steamships Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 29, 2008, inter alia, to transact the following:
1. To consider and approve audited financial results for the quarter ended March 31, 2008 and;
2. To consider and approve audited accounts for the year ended March 31, 2008 and to recommend dividend, if any.
Chowgule Steamships Ltd has informed BSE that on March 28, 2008 Chowgule Ports & Infrastructure Pvt Ltd (CPIPL), a Company co-promoted by Chowgule Steamships Ltd, has signed a Concession Agreement with Maharashtra Maritime Board (MMB) inter alia for development of a minor port at Jaigad.
CPIPL is a Special Purpose Vehicle (SPV) floated to undertake the port infrastructure development and Ship Repair projects at Jaigad. The port development projects would be undertaken under BOOST basis. In terms of the Concession Agreement, MMB has also an option to contribute up to 11% in the eventual capital of CPIPL.
Chowgule Steamships Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2008, inter alia, has considered and taken on record the revised ship acquisition plan of the Company and that of Chowgule Steamships Overseas Ltd, its wholly owned subsidiary.