SCINSEShipping Corporation Of India Limited· ShippingMediumNeutral
Announced Mon, 23 Feb · 18:12 IST

Shipping Corporation Of India Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

SCI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Shipping Corporation of India Limited (SCI) has appointed Shri Nitin Khamesra as Director (Finance) on its Board, effective 23.02.2026. The appointment follows a government order from the Appointments Committee of the Cabinet, as SCI is a public sector undertaking. Khamesra is a Chartered Accountant and Cost Accountant with over 28 years of experience, previously serving as Chief General Manager at Indian Oil Corporation Limited (IOCL) in shipping, refinery, treasury, and finance leadership roles. Consequently, Capt. Som Raj, who was holding the additional charge of Director (Finance) alongside his role as Director (P&A), has relinquished that additional charge. Khamesra is not related to any existing director and is not debarred from holding office.

Likely market impact

This is a routine leadership change at the government-owned shipping PSU. Shareholders should view this positively as a regular, experienced finance professional takes over the Director (Finance) role, bringing strong financial stewardship from IOCL. No material impact on stock price is expected as this is a government-directed appointment and a smooth succession transition.