Shipping Corporation Of India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2025
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Shipping Corporation of India has informed the exchanges about its 75th Annual General Meeting scheduled for September 19, 2025, at 12:00 noon IST via video conferencing. The company has submitted its 75th Annual Report for FY 2024-25, along with the AGM Notice and Business Responsibility and Sustainability Report, sent electronically to shareholders. The annual report highlights a standalone Profit After Tax of Rs. 814.10 crore, the highest in 15 years, up from Rs. 612.15 crore last year. Revenue from operations rose to Rs. 5,592.33 crore from Rs. 5,046.04 crore in FY24. The Board has recommended a dividend of Rs. 6.59 per equity share, the highest in 20 years, subject to shareholder approval at the AGM. The report also notes the acquisition of a VLGC vessel 'Sahyadri' and reaffirmation of ACUITE AA+/A1+ credit ratings with stable outlook.
The strong profit growth and highest-ever dividend in 20 years are positive signals for shareholders, suggesting robust financial health. The continued strategic disinvestment process and fleet expansion plans could be key watch items for the stock.