Shipping Corporation Of India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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SCI · price

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

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹210.21

prior close

₹210.21

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%+2.9% vs market

Shipping peers, median of 8sector-0.6%+2.4% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Smallcap 250 and 2.4 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.5

15m

-0.6

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8-1.1+2.9-0.6+2.4

Next day

+0.5-1.4+1.9-0.6+1.1

+3.5-0.0+3.5+0.8+2.7

+5.0+0.6+4.5+1.7+3.4

+6.0+1.4+4.6+1.0+5.0

+0.5+0.7-0.2+0.8-0.2

-1.4+1.1-2.5+1.0-2.4

15d

+4.0+4.4-0.4+1.3+2.7

+4.6-0.5+5.1-1.6+6.2

+24.4+3.6+20.8+0.3+24.2

+10.8-0.1+10.9+6.7+4.1

UpDownMarket · Nifty Smallcap 250Sector · Shipping peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shipping Corporation of India (SCI) has updated the stock exchanges about a long-pending service tax dispute worth ₹383.94 crore (including penalty) plus interest, originally arising from a 2016 order for the period October 2009 to September 2014. The dispute relates to alleged non-payment of service tax on foreign services received and foreign currency expenditure under Reverse Charge Mechanism. In a favorable development, the CESTAT (Customs, Excise and Service Tax Appellate Tribunal) in Mumbai has set aside the original order against SCI and remanded (sent back) the matter to the original authority for a fresh de novo (new) hearing. The amount was already shown as a Contingent Liability in SCI's financial statements.

Likely market impact

This is a positive development for SCI shareholders as the adverse ₹383.94 crore tax demand has been effectively put on hold. With the matter sent back for fresh hearing, the immediate financial pressure is relieved, though the final outcome remains uncertain until the de novo adjudication is completed.