Shipping Corporation Of India Land And Assets Limited has informed the Exchange regarding Appointment of Mr Nitin Khamesra as Executive Director of the company w.e.f. March 11, 2026.
SCILAL · price
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Shipping Corporation of India Land and Assets Limited (SCILAL) has given Mr. Nitin Khamesra the additional charge of Director (Finance), effective March 11, 2026 to December 31, 2026, or until further orders. The appointment was approved by the Ministry of Ports, Shipping and Waterways and is subject to clearance from the Appointments Committee of the Cabinet (ACC). Mr. Khamesra currently serves as Director (Finance) at the parent entity, Shipping Corporation of India (SCI), and has over 28 years of experience in finance, shipping, and energy, with prior senior roles at Indian Oil Corporation. The change follows the re-designation of the Director (Operations) post at SCILAL as Director (Finance), causing Shri Som Raj to step down from the Director (Operations) role effective February 23, 2026. Mr. Khamesra is a Chartered Accountant and Cost Accountant, bringing expertise in financial management, treasury, and maritime logistics.
This is a temporary, administrative leadership change within the SCI group and does not indicate any governance concern. Bringing in an experienced finance professional from the parent company should strengthen financial oversight at SCILAL. Investors should watch for ACC approval and any subsequent announcement of a permanent Director (Finance).