Shipping Corporation Of India Land And Assets Limited has submitted to the Exchange regarding the Outcome of the Board Meeting held on 06.08.2025.
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Awaiting price reaction for this filing.
The board, at its meeting on August 6, 2025, approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Total segment revenue rose about 9% year-on-year to Rs 2,681 lakhs from Rs 2,462 lakhs, while profit before tax grew around 19% to Rs 1,935 lakhs from Rs 1,630 lakhs. The statutory auditor, A.T. Jain & Co., issued an unmodified limited review report on the results, and the company received a 'NIL' comment from the CAG supplementary audit for FY25. The board also appointed M/s Upendra Shukla & Associates as Secretarial Auditor for five consecutive years (FY26 to FY30), subject to shareholder approval. The two segments are Marine Training Institute (MTI) and Corporate/Investment Property.
A clean, unqualified review and steady revenue and profit growth in Q1 are mildly positive for shareholders, though segment liabilities nearly doubled YoY (from Rs 26,748 to Rs 50,917 lakhs), which is worth keeping an eye on. The secretarial auditor appointment is a routine governance step requiring shareholder nod at the upcoming AGM.