Shipping Corporation Of India Limited has informed the Exchange regarding Cessation of Mr Gulabbhai Rohit as Non- Executive Independent Director of the company.
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Shipping Corporation of India has announced the cessation of 3 Non-Official Independent Directors - Shri. Satish Kumar Chawla, Dr. Priya Sheel Hada, and Shri Gulabbhai Rohit - effective 10th April 2026. Their one-year tenure, which began on 11th April 2025, has completed as per the appointment terms approved by the Appointments Committee of the Cabinet. The appointments were based on recommendations from a Search Committee for the Ministry of Ports, Shipping and Waterways. This is a routine tenure completion for government-appointed independent directors and does not constitute a resignation.
Three independent directors have stepped down upon completion of their one-year term. This is a planned board transition for a PSU (Public Sector Undertaking) and does not indicate any governance concerns or instability. Shareholders need not be concerned as this follows standard government appointment procedures.