Shipping Corporation Of India Land And Assets Limited has informed the Exchange regarding Change in Director(s) of the company.
SCILAL · price
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Awaiting price reaction for this filing.
The Appointments Committee of the Cabinet has approved the appointment of Shri Som Raj as Director (Personnel & Administration) at Shipping Corporation of India Limited (SCI), effective July 15, 2025, until his superannuation on June 30, 2027. Consequent to this, Shri Som Raj has also been appointed as Director (Operations) on the Board of SCILAL on a co-terminus basis for the same period. Separately, Capt. B.K. Tyagi, CMD of SCI, who was holding the Director (Operations) seat at SCILAL under an additional charge arrangement, has stepped down from that SCILAL board position effective July 15, 2025. Capt. Som Raj is a 35-year maritime veteran currently serving as General Manager (Personnel & Administration) at SCI, overseeing around 3,000 seafarers and shore employees. The change is a government-driven board reconstitution typical of public sector enterprises and does not involve any unrelated or external appointments.
For shareholders, this is a routine government-directed director change at a public sector entity with no operational or financial implications. The stock price is unlikely to be affected as the appointment is internal to the SCI group and part of standard bureaucratic succession planning.