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

Litigation LossRegulatory & Legal View source PDF Explain this filing

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

+2.2%Reaction day

₹229.00

prior close

₹234.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%+1.7% vs market

Shipping peers, median of 7sector+0.0%+2.2% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 2.2 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

+0.5

10m

+1.4

15m

+0.0

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.2+0.5+1.7+0.0+2.2

Next day

-5.9-0.2-5.7-1.0-4.8

-3.5-0.4-3.2-2.8-0.7

-6.5-2.3-4.2-3.1-3.3

-4.2-1.7-2.5-5.3+1.2

-1.0-0.9-0.1-6.6+5.6

-2.3+1.4-3.7-2.1-0.2

15d

-0.6+3.0-3.6-3.8+3.2

-2.8+4.5-7.3-3.5+0.7

-7.1-1.9-5.2-13.5+6.4

-4.8+1.0-5.8-12.9+8.1

UpDownMarket · Nifty Smallcap 250Sector · Shipping peers, median of 7Pending

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

AI summary

Shipping Corporation of India (SCI) has received an order from the Joint Commissioner of State Tax (Appeal-VI), Mumbai dated 12th June 2025, confirming a revised tax demand of approximately ₹23.07 crore (tax component of ~₹10.56 crore plus interest and penalty). The dispute relates to a mismatch of Input Tax Credit (ITC) with GSTR-2A under GST. The company had previously filed an appeal against an earlier order from the Deputy Commissioner of State Tax. SCI is now reviewing the order, plans to explore all legal options including filing a further appeal, and states it believes the case has strong merit.

Likely market impact

The upward revision of the tax demand is adverse at this stage, but the financial impact remains contingent on the outcome of further appeals. Shareholders should monitor the next steps as a final adverse ruling could result in a cash outflow of ~₹23 crore, which is material relative to SCI's earnings, while a favorable appeal outcome would relieve this overhang.