Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shipping Corporation of India Ltd (SCI) has disclosed receipt of fines from both BSE and NSE — Rs. 5,31,000 each (Rs. 4,50,000 plus 18% GST) — for non-compliance with Regulation 17(1) of SEBI Listing Regulations concerning the composition of its Board of Directors. The company is a Navratna Public Sector Undertaking (PSU) and states it is coordinating with the Competent Authority to appoint the required number of Independent Directors, including an Independent Women Director. SCI notes the fine does not have a significant impact on its financial, operational, or other activities. The company intends to submit request letters to both exchanges. The event occurred on 27 May 2026.
The fine is relatively modest (~Rs 5.3 lakh per exchange) and the company has stated no material financial or operational impact. However, persistent non-compliance with board composition norms could invite further regulatory action if the issue is not resolved, which may be a concern for investors monitoring governance standards.