Shipping Corporation Of India Limited has informed the Exchange regarding Change in Auditors of the company.
SCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 0.6 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shipping Corporation of India (SCI) reported its Q1 FY26 results on August 8, 2025. Standalone revenue from operations came in at ₹1,31,568 lakhs, down from ₹1,51,407 lakhs in Q1 FY25, but profit after tax rose to ₹34,323 lakhs (vs ₹28,692 lakhs) and EPS improved to ₹7.37 (vs ₹6.16), helped by higher other income and lower costs. The Tanker segment remained the biggest profit driver at ₹24,474 lakhs, while Bulk Carriers slipped into a loss of ₹4,801 lakhs. The Board also appointed M/s Upendra Shukla & Associates as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. Statutory auditors D.R. Mohnot & Co and PSD & Associates issued an unmodified limited review report. Ongoing matters include the government's strategic disinvestment process and the long-pending PRP (performance pay) issue with the Ministry of Ports.
Stronger profitability despite weaker top-line reflects cost discipline and higher interest/other income; the secretarial auditor appointment is routine and has no material impact on shareholders. Watch the ongoing government disinvestment process as a key overhang.