Shipping Corporation Of India Land And Assets Limited has informed the Exchange regarding Notice of 04th Annual General Meeting to be held on September 17, 2025
SCILAL · price
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Awaiting price reaction for this filing.
SCILAL has filed the Notice of its 4th Annual General Meeting scheduled for Wednesday, September 17, 2025, at 12:00 noon via video conferencing, along with the full Annual Report for FY 2024-25 and the Business Responsibility and Sustainability Report. The AGM will consider adoption of audited financial statements, declaration of a dividend of ₹0.55 per equity share of ₹10 face value, re-appointment of CMD Capt. B.K. Tyagi (who retires by rotation), and appointment of three directors — Prof. (Dr.) K. Jayaprasad as Independent Director, Capt. Som Raj as Director (Operations), and Shri Venkatesapathy S. as Government Nominee Director. The company also proposes appointing M/s. Upendra Shukla & Associates as Secretarial Auditors for a 5-year term from FY 2025-26 to FY 2029-30. SCILAL is a government enterprise housing the non-core real estate and maritime training assets demerged from Shipping Corporation of India (SCI), with the chairman's message noting the company is in a nascent stage and operations are currently managed by SCI under a service level agreement.
Shareholders stand to receive a small dividend of ₹0.55 per share subject to AGM approval, while the proposed director appointments and new secretarial auditor signal continued government oversight. The filing is procedural and unlikely to move the stock on its own, though it provides investors with their first detailed look at the company's standalone FY25 performance and post-demerger strategy.