SCI Land & Assets has submitted its mandatory compliance disclosure to stock exchanges, confirming that its promoter has not created any encumbrance on equity shares during the financial year 2025-26. The disclosure, dated 02.04.2026, was filed with both BSE and NSE as part of regulatory compliance requirements.

Regulatory Compliance Details

The company filed the disclosure pursuant to Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to declare any encumbrance on their shareholding in listed companies on an annual basis.

Promoter Declaration

The Ministry of Ports, Shipping and Waterways, acting on behalf of the Government of India as the company's promoter, provided a formal declaration dated 01.04.2026. The declaration confirms that no encumbrance was created, directly or indirectly, on equity shares held in the company during the financial year 2025-26.

The declaration was signed by Vipul Singhal, Director, Ministry of Ports, Shipping and Waterways, from New Delhi. This confirmation ensures compliance with transparency requirements regarding promoter shareholding patterns.

Stock Exchange Communication

The compliance disclosure was simultaneously submitted to both major Indian stock exchanges where the company's shares are listed. The communication included the promoter's declaration as an annexure to provide complete documentation for regulatory records.

Company Profile

Shipping Corporation of India Land and Assets Limited operates as a Government of India enterprise with its registered office located at Shipping House, Nariman Point, Mumbai. The company maintains its corporate governance standards through regular compliance with SEBI regulations and stock exchange requirements.

This annual disclosure reinforces the company's commitment to maintaining transparent corporate governance practices and ensuring all stakeholders have access to accurate information regarding promoter shareholding patterns.

SCI Land & Assets has announced the cessation of Prof. (Dr.) K. Jayaprasad as Non-Official Independent Director following the completion of his tenure on April 14, 2026. The Government of India enterprise informed stock exchanges about this board change under regulatory disclosure requirements.

Director Tenure Completion

Prof. (Dr.) K. Jayaprasad's one-year term as Non-Official Independent Director concluded on April 14, 2026, exactly one year after his appointment on April 15, 2025. His original appointment was made pursuant to approval from the Appointments Committee of the Cabinet, based on recommendations dated March 12, 2025, from the Search Committee for the Ministry of Ports, Shipping and Waterways proposal.

Regulatory Disclosure Details

The company submitted the cessation disclosure to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Company Information

Shipping Corporation of India Land and Assets Limited operates as a Government of India enterprise with its registered office located at Shipping House, 245, Madame Cama Road, Nariman Point, Mumbai, Maharashtra. The company trades on BSE with security code 544142 and on NSE with trading symbol SCILAL.

Filing Timeline

The cessation occurred on April 14, 2026, at 17:15 hours IST, with the formal disclosure submitted to stock exchanges the same day. Company Secretary and Compliance Officer Shri Mohammad Firoz signed the regulatory filing, ensuring compliance with mandatory disclosure requirements for board changes.