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

-2.1%Reaction day

₹238.50

prior close

₹238.50

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-1.7% vs market

Shipping peers, median of 8sector-2.4%+0.3% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 0.3 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

-0.9

10m

-1.7

15m

-0.9

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.1-0.4-1.7-2.4+0.3

Next day

-1.0+0.2-1.2+1.1-2.1

+0.2+2.0-1.8+2.3-2.1

-3.1-0.7-2.4+1.7-4.9

-1.9-0.4-1.4+1.6-3.4

-8.1-4.2-3.9-3.6-4.5

-2.1+0.5-2.6+0.9-2.9

15d

+0.2+4.3-4.1+7.1-6.8

+22.9+9.0+13.8+7.1+15.8

+44.2+10.9+33.4+15.0+29.3

+29.2+16.9+12.3+9.0+20.2

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

SCI has received an order dated 11 March 2026 from the Joint Commissioner of State Tax (Appeal-VI), Mumbai, confirming a revised tax demand of about Rs 60.07 crore (tax component of around Rs 29.09 crore plus interest and penalty). This is a significant reduction from the original demand of Rs 160.37 crore issued earlier. The demand stems from a mismatch of Input Tax Credit (ITC) with GSTR-2A. The company is reviewing the order in detail, plans to explore all legal options including filing a further appeal, and believes the case has strong merit on its side.

Likely market impact

The downward revision of the demand from ~Rs 160 crore to ~Rs 60 crore is a positive development, but the liability still remains material. Since SCI intends to contest further, the final cash impact is uncertain and will depend on the outcome of the next appeal.