Shipping Corporation Of India Limited has informed the Exchange regarding Cessation of Mr Venkatesapathy S. as Non- Executive Director of the company w.e.f. November 04, 2025.
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Shipping Corporation of India Limited (SCI) has informed the exchanges that Mr. Venkatesapathy S., Joint Secretary in the Ministry of Ports, Shipping and Waterways, has ceased to be a Part-time (Government Nominee) Director on the SCI Board with effect from November 4, 2025. In his place, the Ministry has appointed Shri R. Lakshmanan, Joint Secretary, as the new Part-time (Government Nominee) Director on the Board, effective the same date. The change was communicated by the Ministry via email on November 4, 2025. SCI is a public sector undertaking, so the Board directorship is essentially a government nomination role. The company has stated it will complete the required statutory formalities for the new appointment.
This is a routine government-nominee director replacement at a state-owned company and is unlikely to have any material impact on the stock price or business operations. Shareholders should note continuity of government oversight on the Board remains unchanged.