Shipping Corporation of India Land and Assets Ltd

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during 01.07.2026 to 30.09.2026.

AGM Details

• Minutes of the 5th AGM held on 21 September 2026 enclosed.
• Event occurrence date/time: 28 September 2026 at 10:30 hours.

Shipping Corporation of India Land and Assets Limited — Trading Window closed from October 1, 2026 up to forty-eight (48) hours after declaration of Unaudited Standalone Financial Results for the quarter and half year ending 30 September 2026 of FY 2026-27.

AGM Details

• AGM held on 21 Sep 2026 at 12:00 IST via VC/OAVM.
• Remote e-voting window: 17–20 Sep 2026.
• Eligibility cut-off date for e-voting: 14 Sep 2026.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of Audited Standalone Financial Statements for year ended 31 March 2026, with C&AG comments.
• Resolution 2 (Ordinary): Dividend of ₹0.55 per equity share approved for FY 2025-26.
• Resolution 3 (Ordinary): Re-appointment of Shri Venkatesapathy S as Director on rotation.
• Resolution 4 (Ordinary): Board to fix remuneration of Statutory Auditors for FY 2026-27.
• Resolution 5 (Ordinary): Appointment of Shri Nitin Khamesra as Director (Finance).

Voting Results

• Resolution 1: Passed by requisite majority; majority voted in favour.
• Resolution 2: Passed by requisite majority; majority voted in favour.
• Resolution 3: Passed by requisite majority; majority voted in favour.
• Resolution 4: Passed by requisite majority; majority voted in favour.
• Resolution 5: Passed by requisite majority; majority voted in favour.

Dividend

• Dividend of ₹0.55 per equity share approved.

Directors

• Shri Venkatesapathy S reappointed as Director (rotating).
• Shri Nitin Khamesra appointed as Director (Finance).

Auditors

• Remuneration of Statutory Auditors for FY 2026-27 to be fixed by the Board per Audit Committee recommendations.

AGM Details

• AGM held on 21 Sep 2026 from 12:00–13:02 IST via VC/OAVM.
• Deemed venue: Shipping House, Mumbai (Nariman Point).
• Remote e-voting from 17–20 Sep 2026; voting also during AGM.
• Quorum 30; attendance 63 via VC/OAVM.

Resolutions

• Ordinary: Adoption of audited standalone financial statements and reports.
• Ordinary: Dividend of Rs 0.55 per equity share for FY 2025-26.
• Ordinary: Re-appointment of Shri Venkatesapathy S. on rotation.
• Ordinary: Board to fix remuneration of statutory auditors for FY 2026-27.
• Special: Appointment of Shri Nitin Khamesra as Director (Finance).

Voting Status

• Voting results to be announced within two working days.

Directors

• Venkatesapathy S. retires by rotation; re-appointment proposed.
• Nitin Khamesra appointed as Director (Finance).

Auditors

• Remuneration of statutory auditors to be fixed by Board per Audit Committee recommendations.

Key Update

• CAG appoints B D Jokhakar & Co as statutory auditors for FY2026-27.
• Statutory auditors will also audit the consolidated financial statements.

Snapshot of FY2025-26

• Revenue from operations: 2,330 lakh in FY2025-26 vs 1,830 in FY2024-25.
• Total income: 10,677 lakh; comprising operating and other income.
• Profit after tax: 2,882 lakh; recovered from prior-year loss.
• Dividend per share: 0.55; aggregate payout ~₹2,562 lakh.
• Net worth: 3,00,471 lakh; total assets: 3,54,992 lakh.
• Debt: nil; no borrowings during the year.
• Current ratio: 3.77; liquidity position comfortable.
• GHG: Scope 1 32.897 tCO2e; Scope 2 739.15 tCO2e.
• Total energy: 5,019.16 GJ; energy intensity 0.0000033135 tCO2e/₹ turnover.
• Renewable energy: 0.515 MW solar capacity at MTI Powai.
• Water: withdrawal 71,614 kL; discharge 28,646 kL; intensity 0.000307 kL/₹ turnover.
• CSR outlay 91.88 lakh; spent 1.59 lakh; unspent 90.29 lakh.

Segment performance

• MTI segment posted a loss of 880 lakh in FY2025-26, vs 690 lakh loss prior year.
• MTI revenue 1,945 lakh; MTI EBIT -880 lakh; interest ~7.70% on demerger funds.
• Others segment EBIT 4,815 lakh; revenue 8,732 lakh.
• Total EBIT 3,935 lakh; Profit before tax 3,934 lakh; Net profit 2,882 lakh after tax.

Governance & board

• Board size 3 directors: 2 functional and 1 Government Nominee Director.
• Four Board meetings held in FY 2025-26; AGM on 17.09.2025.
• Non-compliance notices from NSE/BSE for 2025-26; independent directors pending.
• Prof. Dr. K. Jayaprasad served as Independent Director 15.04.2025–15.04.2026.
• Governance reforms underway; discussions with Competent Authority for Independent Directors and a Woman Director.

Dividend & AGM info

• Dividend of ₹0.55 per equity share; AGM approval required.
• Record date: 14 Sep 2026; e-voting window: 17-09-2026 to 20-09-2026.
• Dividend payout post-AGM within 30 days; TDS applicable per tax rules.

ESG & CSR highlights

• CSR outlay: 91.88 lakh; 1.59 lakh spent; 90.29 lakh unspent; multi-year projects.
• CSR focus: Healthcare, Education, Swachh Bharat; CSR committee active.
• MoUs: NBCC for MTI upgrade; Synergy Marine for maritime data science; VPPL GP Rating pre-sea.
• MTI ISO 9001/14001/45001; 0.515 MW captive solar power; LED lighting upgrades.

Environmental performance

• Total energy 5,019.16 GJ; renewable energy 0.515 MW.
• GHG: Scope 1 32.897 tCO2e; Scope 2 739.15 tCO2e.
• Water withdrawal 71,614 kL; discharge 28,646 kL; water intensity 0.0003073 kL/₹ turnover.
• Total waste 218.0774 MT; landfill 193 MT; recycled 0.0774 MT; other disposal 25 MT.

Risks & outlook

• Regulatory changes and delays in approvals affect real estate and MTI expansion.
• Intense competition in maritime training; need for continued infrastructure upgrades.
• Government policy shifts and governance reforms; ongoing appointment of independent directors.

CSR governance & oversight

• CSR policy aligned with Companies Act; CSR committee, disclosures on website.
• MOU with Synergy Marine; MTI capacity expansion and outreach.
• Ek Ped Maa Ke Naam: ~50 saplings monthly; waste-to-compost initiatives.

Regulatory fines and governance

• Board discussed NSE/BSE fines for LODR non-compliance during 01 Jan–31 Mar 2026.
• Total payable fines: ₹9,55,800 inclusive of GST.
• Non-compliance due to failure to appoint independent directors (incl. woman director) and not constituting committees.
• MoPSW, as Administrative Ministry, has power to appoint directors; appointment under active consideration.
• Company has requested MoPSW to appoint required independents and woman director (letters dated May/July 2026).
• Fines waiver requests have been sent to exchanges; waiver process details and timing outlined.
• 15-day payment timeline applies after notice; payment method via RTGS/NEFT; waiver possible.
• Board to place comments on fines in next meeting and inform Exchange via NEAPS.
• Annexure notes fines accrue daily until compliance; total amounts captured in notice.

Regulatory fines

• BSE and NSE fined SCILAL for LODR non-compliance for quarter ended 30.06.2026.
• Total fines per exchange amount to Rs 13,36,940 inclusive of GST.
• Fines cover Regulations 17(1), 17(2A), 18(1), 19(1)/19(2), 20(2)/(2A), and 21(2).
• The action has no significant impact on SCILAL's finances or operations.

Governance updates

• Independent Director Prof. Dr. K. Jayaprasad joined 15.04.2025; committees formed.
• Audit Committee and NRC lacked quorum due to insufficient Independent Directors.
• Post 15.04.2026, the existing Independent Director's tenure ended; SRC and RMC became non-compliant.
• Quorum for the 05.05.2026 board meeting was not met.
• Company coordinating with competent authority to appoint independents; waivers sought from exchanges.