SCINSEShipping Corporation Of India Limited· ShippingMediumNeutral
Announced Thu, 1 May · 10:20 IST

Shipping Corporation Of India Limited has informed the Exchange regarding Change in Director(s) of the company.

Kmp ResignedManagement Changes View source PDF

SCI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Shipping Corporation of India has informed the exchanges that the temporary additional charge of the Director (Personnel & Administration) post, held by CMD Capt. B.K. Tyagi, ended on 30 April 2025. This role had fallen vacant after the superannuation of the previous Director (P&A), Shri Manjit Singh Saini, and Capt. Tyagi had held the additional charge for three months from 1 February 2025. The Director (P&A) seat on the board is now empty and further directions from the Ministry of Ports, Shipping and Waterways are awaited. As SCI is a government-owned company, the appointment of a new Director (P&A) will be made by the central government.

Likely market impact

The board has a vacant KMP-level position, but the CMD continues in his main role and the company will run normally until a replacement is named. For shareholders, this is a routine PSU governance transition with no immediate operational or financial impact expected.