Shipping Corporation Of India Land And Assets Limited has informed the Exchange regarding Cessation of Mr K Jayaprasad as Non- Executive Independent Director of the company.

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AI summary

Prof. (Dr.) K. Jayaprasad has ceased to be a Non-Executive Independent Director of the company effective 14th April 2026. His appointment was originally made on 15th April 2025 for a fixed tenure of 1 year, as part of a government appointment process. The appointment was processed through the Appointments Committee of the Cabinet, based on recommendations from a Search Committee for the Ministry of Ports, Shipping and Waterways. This is a routine tenure completion rather than a resignation, as the original appointment had a defined one-year term that has now expired.

Likely market impact

This is a routine board change due to completion of a fixed-term appointment and is unlikely to have any material impact on the company's operations or stock price. The independent director position will need to be filled through a new appointment process.