SCINSEShipping Corporation Of India Limited· ShippingMediumNeutral
Announced Tue, 5 May · 17:21 IST

Shipping Corporation Of India Limited has informed the Exchange regarding Appointment of Mr Chandran Durai Daniel as Executive Director of the company w.e.f. May 05, 2026.

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SCI · price

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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹319.00
prior close
₹322.00
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-1.1-1.2-1.1-1.5-0.1+6.3+7.2+2.8+4.2+4.4-4.7-8.1-7.9
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AI summary

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Chandran Durai Daniel as Director (Bulk Carriers & Tankers) at Shipping Corporation of India Limited, effective 05.05.2026. Daniel is an internal promotion, having served as General Manager at SCI for several years. He joined SCI in 1989 as a Trainee Nautical Officer and has built a distinguished 36-year maritime career, progressing through the ranks from sea-based roles to senior management positions across all branch offices including the UK overseas office. His tenure will be until his superannuation on 31.07.2027. With this appointment, Rear Admiral Jaswinder Singh has ceased to hold the Additional Charge of Director (Bulk Carriers & Tankers) from the same date.

Likely market impact

This is a routine internal board appointment that brings an experienced SCI veteran into a director role. The impact on shareholders is neutral as it represents continuity in leadership rather than a major strategic shift. The appointment of an internal candidate with deep industry knowledge ensures operational stability.