India's participation in the Champions Trophy starting June 1 is in doubt following a landmark vote by the International Cricket Council (ICC) that went against the BCCI and means their share of the financial pot from global events will suffer a significant cut.
The BCCI had already missed Tuesday's deadline to submit their squad for the eight-team 50-overs tournament and according to reports a boycott is being considered by factions within the embattled governing body.
"The SGM will be held on May 7 in Delhi. The next course of action will be decided there," Choudhary told reporters on the sidelines of the Indian Premier League (IPL) game between Kolkata Knight Riders and Delhi Daredevils here.
The BCCI was thrashed 1-9 when representatives of all other member nations, except Chaudhary, voted in favour of a change in the governance structure.
The ICC board also rejected the BCCI's opposition to change of the revenue model by a 8-2 margin with Choudhary only finding support from Sri Lanka Cricket's Thilanga Sumathipala.
Choudhary said the outcome of the two-day ICC meeting in Dubai has been conveyed to the Committee of Administrators (CoA) and it will probably meet on May 5 to take the matter forward.
"The CoA has been intimated about the outcome of the Dubai meeting," he said.
India beat West Indies by 105 runs in 2nd ODI
Ian Chappell backs Virat Kohli, says Captain can run cricket team properly
Yuvraj, Dhoni mentoring Indian team, says batting coach Sanjay Bangar
Match Preview: Dominant India face inexperienced West Indies
Jaipur traffic police apologises to Bumrah
India vs West Indies first ODI abandoned due to rain
BCCI extends deadline for Team India head coach candidates
Sourav Ganguly refuses to comment on Kumble's 'untenable' remark
Sanctity of dressing room should be maintained, says Virat Kohli
Kumble's decision to resign at last moment a personal choice, says Sourav Ganguly