Shipping Corporation Of India Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
SCI · price
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Awaiting price reaction for this filing.
BSE and NSE have each levied a fine of Rs. 14,16,000 (Rs. 12 lakh + 18% GST) on Shipping Corporation of India for non-compliance with multiple SEBI Listing Regulations during the quarter ended 31 March 2025. The issues include failure to appoint a woman director (Regulation 17(1), Rs. 5.31 lakh), and non-constitution of the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee, among others. The company has since reconstituted all statutory board-level committees effective 11 April 2025 after appointing new independent directors, but remains non-compliant on appointing a woman director. SCI states the fine has no material financial or operational impact and is coordinating with the Ministry of Ports, Shipping and Waterways to appoint the required number of independent directors.
Minor negative signal — the fine is small relative to SCI's scale and largely stems from a temporary governance gap now being addressed, though the continuing absence of a woman director remains an open compliance issue that could attract further penalties or scrutiny.