Shipping Corporation of India Ltd

AGM Details

• AGM held on 23 September 2026 at 12:00 hours via VC/OAVM.
• Remote e-voting opened 19 Sep 2026 09:00 to 22 Sep 2026 17:00 IST.
• Voting during AGM enabled; results announced within two working days.
• Attendance: 75 shareholders via NSDL platform.

Key Resolutions & Outcomes

• Item 1: Adopt Audited Standalone and Consolidated Financial Statements; passed.
• Item 2: Interim dividends of Rs 3.00 and Rs 3.50; final dividend Rs 1.00; approved.
• Item 3: Reappointment of Capt. Som Raj; passed.
• Item 4: Board to fix remuneration of C&AG-appointed Statutory Auditors for 2026-27; passed.
• Item 5: Appointment of Nitin Khamesra as Whole-Time Director (Finance); passed.
• Item 6: Appointment of Mukesh Mangal as Government Nominee Director; passed.
• Item 7: Appointment of Chandran Durai Daniel as Whole-Time Director (Bulk Carriers & Tankers); passed.
• Item 8: Appointment of Bharati Raman Gotarna as Independent Director; passed.

Director Changes

• Nitin Khamesra appointed Whole-Time Director (Finance), effective 23 Feb 2026; liable to rotation.
• Mukesh Mangal appointed Government Nominee Director, effective 23 Feb 2026.
• Chandran Durai Daniel appointed Whole-Time Director (Bulk Carriers & Tankers), effective 5 May 2026.
• Bharati Raman Gotarna appointed Independent Director, effective 19 Aug 2026; not liable to rotate.
• Captain Som Raj reappointed by rotation.

Auditors & Remuneration

• Board authorized to fix remuneration of Statutory Auditors appointed by C&AG for FY 2026-27.

Appointment of Government Nominee Director

• Appointed Vipul Singhal as Part-Time Government Nominee Director on SCI board, effective 25.09.2026.
• DIN 11971150 assigned to Vipul Singhal.
• Approval for appointment received from the Competent Authority.
• Not related to any SCI Director.
• Not debarred by SEBI or other authorities.
• Profile: IRTS officer, 2008 batch; IIT Kharagpur B.Tech in Ocean Engineering and Naval Architecture.
• Presently, Director in the Ministry of Ports, Shipping & Waterways.
• Over 17 years in logistics, transport and railways.
• Involvement in policy formulation in Railway Ministry, including passenger marketing and digital ticketing.
• Attended trainings at IIM Calcutta, JICA study visits.

Shipping Corporation of India Ltd – Trading Window closed from 1 October 2026 up to forty-eight (48) hours after declaration of financial results for the quarter and half year ending 30 September 2026

Board governance update

• MoPSW approves Shri Vipul Singhal as Government Nominee Director on SCI's Board.
• Date of appointment to be informed to stock exchanges with requisite regulatory details.

AGM Details

• Date and time: 23 Sep 2026, 1200–1320 IST; mode: VC/OAVM.
• Deemed venue: Shipping House, Mumbai.
• Quorum met: 30 members; 75 attendees via VC/OAVM.
• Remote e-voting: 19–22 Sep 2026; voting at AGM allowed.
• Scrutinizer: Mehta and Mehta; Ms. Alifya Sapatwala.
• Annual Report accessible on company website; physical copies on request.
• Results: combined voting result to be announced within two working days.

Ordinary Resolutions

• Adopt audited standalone and consolidated financial statements; status: to be announced.
• Final dividend of ₹1.00 per share approved; interim dividends already paid; status: to be announced.
• Re-appointment of Capt. Som Raj by rotation; status: to be announced.
• Remuneration of statutory auditors for FY2026-27 to be fixed; status: to be announced.

Special Resolutions

• Appointment of Shri Nitin Khamesra as Whole-Time Director (Finance); status: to be announced.
• Appointment of Shri Mukesh Mangal as Government Nominee Director; status: to be announced.
• Appointment of Capt. Chandran Durai Daniel as Whole-Time Director (Bulk Carriers & Tankers); status: to be announced.
• Appointment of Smt. Bharati Raman Gotarna as Independent Director; status: to be announced.

Auditor Appointment

• New joint statutory auditors appointed for FY 2026-27: Mukund M. Chitale & Co and SGCO & Co LLP.
• Appointment date: 08.09.2026, on receipt of CAG communication.
• Term of appointment: one year (FY 2026-27).
• Event occurred on 09.09.2026 at 14:00.

Auditor Appointment

• CAG appoints Mukund M Chitale & Co and SGCO & Co LLP as joint statutory auditors for FY2026-27.
• Remuneration for auditors will be regulated under the Companies Act and CAG guidelines.

Fines and waiver status

• Fines of Rs 5,31,000 including GST charged by NSE and BSE each.
• Penalty relates to non-compliance with SEBI LODR on Board composition for Q4 FY2025-26.
• Board met 06 Aug 2026 and noted matter; MoPSW authority to appoint/remove Directors.
• Waiver requests sent to NSE and BSE dated 29 May 2026.
• Board to place the 'Board comments on fine levied' in the next meeting.
• Waiver filings require NEAPS submission; mail waiver not accepted; 15-day compliance prerequisite.
• Processing fee for waiver: Rs 10,000 plus 18% GST if fine exceeds Rs 5,000.
• Annexure notes total fine Rs 450,000 for 90 days; GST Rs 81,000; total Rs 531,000.
• Administrative note: MoPSW to appoint requisite Independent Directors including a Women Independent Director.

AGM notice and AR access

• Notice sent to shareholders without registered emails providing AR access link for FY2025-26.
• 76th AGM scheduled for 23 September 2026 at 1200 IST via VC/OAVM.
• Web link and path to AR: www.shipindia.com -> Financials -> Annual Reports -> 76th Annual Report FY2025-26.
• AR and AGM notice also available on BSE/NSE websites.
• Unregistered-email shareholders must update email with DP and provide KYC updates via Alankit.
• Physical copies of AR available on request to sci.cs@sci.co.in.
• Date of communication: 26 August 2026.
• Shareholders cut-off date for e-notice: 06 August 2026.