Shipping Corporation Of India Limited has informed the Exchange about intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SCI · price
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Awaiting price reaction for this filing.
The Appointments Committee of the Cabinet (ACC) has approved the premature termination of Shri C.I. Acharya from the post of Director (Finance) at Shipping Corporation of India Limited. This termination is effective from the date of his dismissal, i.e., 5th May 2025. The intimation is a continuation of SCI's earlier disclosure dated 5th May 2025 regarding his dismissal. The approval was conveyed by the Ministry of Ports, Shipping and Waterways via letter dated 21st July 2025.
This formalizes the earlier dismissal of the Director (Finance), removing lingering uncertainty about his position. The event itself was already known to the market, so the impact on share price is likely minimal, though it reinforces governance discipline at the PSU.