Shipping Corporation Of India Limited has informed the Exchange regarding Change in Director(s) of the company.
SCI · price
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Shipping Corporation of India (SCI) has informed exchanges that its existing Chairman and Managing Director, Capt. B.K. Tyagi, has been given the additional charge of Director (Personnel and Administration) for a temporary period of three months, from 1 May 2025 to 31 July 2025. The entrustment was approved by the Minister-in-Charge of Ports, Shipping and Waterways and is subject to approval from the Appointments Committee of the Cabinet (ACC). Capt. Tyagi, who has been SCI's CMD since September 2022, has held additional charges of other director posts in the past as well. The move is essentially a stop-gap arrangement to ensure the post is not left vacant while a permanent Director (P&A) is finalised.
This is a routine, temporary administrative arrangement in a PSU and is unlikely to have a material impact on the stock. Shareholders should note no permanent leadership change or resignation has occurred, though the company remains dependent on interim charge arrangements until ACC appoints a full-time Director (P&A).