Shipping Corporation Of India Limited has informed the Exchange regarding Change in Director(s) of the company.
SCI · price
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The Ministry of Ports, Shipping and Waterways (MoPSW) has appointed Shri Mukesh Mangal, Additional Secretary at MoPSW, as the new Government Nominee Director on the board of Shipping Corporation of India (SCI), effective 23.02.2026. In the same communication, MoPSW also informed that Shri R. Lakshmanan, Joint Secretary at MoPSW, has ceased to be a Part-time Director (Government Nominee Director) on the SCI board with immediate effect. The appointment was approved by the Competent Authority, and the company will complete all statutory formalities in due course. SCI is a public sector undertaking under the administrative control of MoPSW, so such government nominee director changes are routine administrative actions.
This is a routine government-directed change of nominee director at a PSU and is unlikely to have any material impact on the company's operations, strategy, or stock price. Shareholders should view this as a standard board-level administrative update.