The Shipping Corporation of India has secured approval for a three-month extension of the additional charge of Director (Technical & Offshore Services) assigned to Rear Admiral Jaswinder Singh. The Appointments Committee of the Cabinet approved the proposal on August 13, 2026, effective from September 1, 2026, or until the regular incumbent assumes charge, whichever is earlier.

Rear Admiral Jaswinder Singh currently serves as Director (Liner & Passenger Services). He assumed the additional charge initially on June 1, 2026. The extension ensures continuity in the Technical & Offshore Services division during the interim period.

Regulatory Disclosure

The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and DRequirements) Regulations, 2015. The event occurred on August 18, 2026, at 11:00 pm.

Rear Admiral Jaswinder Singh is not related to any other director of the company and is not debarred from holding office by SEBI or any other authority.

Leadership Profile

Rear Admiral Jaswinder Singh brings over three decades of service in the Indian Navy to his role. His previous assignments include:

• Director of Bulk and Tanker businesses at SCI until May 4, 2026
• Director on the Board of SCI Bharat IFSC Ltd until February 23, 2026
• Director on the Board of Inland and Coastal Shipping Ltd
• Director on the Board of Sethusamudram Corporation Ltd

During his naval career, he served as Chief of Staff of the Southern Naval Command and Assistant Chief of Naval Staff Foreign Cooperation. He holds a postgraduate degree in Business Administration and is an alumnus of the Naval Postgraduate School in California and the Defence Services Staff College in Wellington. He was awarded the Nau Sena Medal for distinguished service.

Shipping Corporation of India delivered a robust financial performance in Q1 on a consolidated basis, with net profit nearly doubling year-on-year and margins expanding sharply. The state-owned shipping major reported net profit of ₹6.2B, compared to ₹3.54B in the corresponding quarter of the previous year, marking a significant year-on-year improvement across key financial metrics.

Q1 Financial Performance at a Glance

The company's top-line growth was equally impressive, with consolidated revenue rising to ₹18.5B in Q1 from ₹13B in the year-ago period. The following table summarises the key financial metrics for the quarter:

Profitability and Margin Expansion

Shipping Corporation of India's EBITDA for Q1 stood at ₹8.82B, up from ₹4.9B in the year-ago quarter, reflecting a substantial improvement in operating performance. The EBITDA margin expanded by approximately 1,063 basis points year-on-year, rising to 47.79% from 37.16%, indicating stronger cost efficiency and revenue quality during the period. The combination of higher revenue and improved margins contributed to the near-doubling of net profit on a year-on-year basis.

Key Highlights

• Net Profit: ₹6.2B in Q1 vs ₹3.54B YoY
• Revenue: ₹18.5B in Q1 vs ₹13B YoY
• EBITDA: ₹8.82B in Q1 vs ₹4.9B YoY
• EBITDA Margin: 47.79% in Q1 vs 37.16% YoY

The Q1 results reflect a broad-based improvement across revenue, operating profit, and net profitability for Shipping Corporation of India on a consolidated basis. The significant margin expansion alongside strong top-line growth underscores the company's improved operational performance compared to the year-ago quarter.