SCINSEShipping Corporation Of India Limited· ShippingMediumNeutral
Announced Tue, 31 Mar · 15:57 IST

Shipping Corporation Of India Limited has informed the Exchange regarding Cessation of Mr Rajesh Kumar Sinha as Non- Executive Director of the company w.e.f. March 31, 2026.

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Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹220.90
prior close
₹228.00
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After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary

The Shipping Corporation of India has informed the stock exchanges that Mr. Rajesh Kumar Sinha, an IAS officer and Special Secretary in the Ministry of Ports, Shipping and Waterways, has ceased to be a Government Nominee (Non-Executive) Director on the company's board effective March 31, 2026. The cessation is due to his retirement from government service on attaining the age of superannuation. The change was communicated by the Ministry via email on the same day and was reported to the exchanges under SEBI Listing Regulations. This is a routine change linked to his government service tenure.

Likely market impact

This is a routine, expected change for a government nominee director and is unlikely to have any material impact on the company's operations or stock price. The board vacancy may be filled by another government nominee in due course.