Shipping Corporation Of India Land And Assets Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF Explain this filing

SCILAL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹45.10

prior close

₹44.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.8% vs market

Investment Company peers, median of 57sector-0.7%+1.4% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.4 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.6

10m

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15m

+1.8

30m

+3.5

Sessions after the filingfrom the prior close

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Reaction day

+0.7-0.1+0.8-0.7+1.4

Next day

+5.1+4.5+0.6+2.6+2.5

+7.4+6.2+1.2+3.9+3.6

+8.4+7.9+0.5+5.6+2.8

+8.3+9.0-0.7+6.3+2.0

+16.0+9.9+6.1+7.3+8.7

+14.9+10.0+4.9+6.3+8.5

15d

+16.7+13.1+3.6+6.9+9.8

+24.6+15.5+9.1+11.0+13.6

+19.2+16.8+2.3+13.2+6.0

+8.9+11.3-2.5+8.6+0.3

UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 57Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shipping Corporation of India Land and Assets Limited (SCILAL) has informed the exchanges that Capt. B.K. Tyagi, the company's existing Chairman and Managing Director (CMD), has been given the additional charge of Director (Operations) on SCILAL's board. The appointment was approved by the Ministry of Ports, Shipping and Waterways and is effective for three months, from 01.05.2025 to 31.07.2025, or until further orders, whichever is earlier, and is subject to ACC approval. Capt. Tyagi also currently serves as CMD of parent company SCI and holds additional charge of Director (P&A) at SCI. The filing confirms he is not related to any existing director and is not debarred by SEBI from holding the directorship.

Likely market impact

This is a routine, temporary internal board arrangement with no material impact on shareholders or operations — the existing CMD is simply taking on an additional directorship role for 3 months. No new external appointment, no resignation, and no change in overall leadership control of the company.