Shipping Corp of India sends FY26 annual report web link to shareholders

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • Shipping Corp of India sent FY26 annual report web links to non-registered email holders
  • 76th AGM scheduled for September 23, 2026, via video conferencing
  • E-voting window opens on September 19 and closes on September 27
  • Record date for dividends set as August 4, 2026
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Shipping Corporation of India has sent letters containing web links to its Annual Report for FY26 to shareholders who have not registered email addresses. This disclosure was made on August 27, 2026, in compliance with SEBI Listing Regulations.

The company confirmed that the 76th Annual General Meeting is scheduled for September 23, 2026. Shareholders with registered emails received the annual report and AGM notice via electronic means. Those without registered emails were provided with a letter detailing the exact path to access the documents on the company’s website.

E-Voting and Record Dates

Shareholders can participate in remote e-voting through the National Securities Depository Limited (NSDL) platform. The voting window and key eligibility dates are as follows:

Event Date
Record date for dividend August 4, 2026
Cut-off date for e-voting eligibility September 16, 2026
Remote e-voting commencement September 19, 2026 at 9:00 am
Remote e-voting conclusion September 27, 2026 at 9:00 pm
Annual General Meeting September 23, 2026 at 12:00 pm

Only members whose names appear in the register of members or depository records as on the cut-off date of September 16, 2026, are eligible to vote. The remote e-voting module will be disabled after the conclusion of the voting period on September 27.

Regulatory Compliance

The company dispatched the annual report electronically to shareholders with registered email addresses as on August 6, 2026. Shareholders without registered emails received a letter containing the web link to access the documents. This process complies with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notice of the AGM and the annual report are available on the company's website under the Financials section. Newspaper advertisements regarding the AGM notice and e-voting details were published in 'Financial Express', 'Jansatta', and 'Loksatta' on August 27, 2026, in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI Listing Regulations.

What the Numbers Show

The source material consists solely of a regulatory filing notification and does not contain financial performance data such as revenue, profit, or operational metrics for FY26. Consequently, no financial analysis or trend observation can be derived from this specific communication.

Historical Stock Returns for Shipping Corporation of India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.73%+3.72%-3.96%+19.58%+23.18%+141.08%

What key financial metrics and operational highlights are expected to be disclosed in the FY26 Annual Report once it is accessed?

How might the outcome of the e-voting process influence the board's strategic decisions or dividend policy for the upcoming fiscal year?

Are there any specific regulatory changes or compliance updates from SEBI that Shipping Corporation of India must address in its next reporting cycle?

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Shipping Corporation of India files BRSR for FY26 with ₹5,77,813 Lakhs turnover

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Shipping Corporation of India reported a turnover of ₹5,77,813 Lakhs and net worth of ₹8,38,444 Lakhs for FY 2025-26 on a standalone basis
  • Zero fatal accidents, zero reportable oil pollution incidents, and zero air pollution incidents were recorded during FY 2025-26
  • LTIFR for employees improved to 0.08 per million person-hours in FY 2025-26 from 0.20 in FY 2024-25
  • The company signed a shipbuilding contract with Mazagon Dock Shipbuilders Ltd. for one 3,000 DWT Methanol Dual Fuel Platform Supply Vessel under the National Green Hydrogen Mission
  • MSME procurement stood at 44.16% of total procurement on the Sambandh portal; BRSR Core disclosures received Reasonable Assurance from Indian Register Quality Systems (ISSPL Limited)
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Shipping Corporation of India submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 as part of its 76th Annual Report, disclosing a turnover of ₹5,77,813 Lakhs and a net worth of ₹8,38,444 Lakhs.

The report, filed pursuant to Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, covers standalone operations for the period April 1, 2025 to March 31, 2026. Independent Reasonable Assurance on BRSR Core disclosures was provided by Messrs. Indian Register Quality Systems (ISSPL Limited).

Business overview and revenue mix

The company's entire turnover is classified under the Transport and Storage sector, specifically water transport. Tanker services contributed the largest share of revenue, followed by liner and bulk operations.

Segment % of total turnover
Tanker 67.74%
Liner Services 13.57%
Bulk 13.47%
Technical and Offshore service 5.15%

Exports accounted for 29.38% of the company's total turnover in FY 2025-26. The company operates six domestic offices, including its Mumbai headquarters and five regional or branch offices, along with one international office in London.

Workforce and employee well-being

As at the end of FY 2025-26, the company employed 469 shore employees and 2,267 fleet employees on a combined permanent and non-permanent basis, in addition to 220 non-permanent workers. All permanent employees across shore and fleet categories were paid above the minimum wage. Well-being expenditure as a percentage of total revenue stood at 1.04% in FY 2025-26, up from 0.95% in FY 2024-25.

Category Total employees Female (%)
Shore (permanent + other) 469 22.60%
Fleet (permanent + other) 2,267 1.01%
Workers (other than permanent) 220 7.27%

The company recorded six differently abled permanent employees (shore and fleet combined) during the reporting period. Turnover rate for permanent shore employees stood at 5.88% in FY 2025-26, compared to 7.00% in FY 2024-25, while fleet permanent employee turnover fell sharply to 4.94% from 14.65% in the prior year.

Safety performance

The company achieved zero fatal accidents and zero reportable oil or air pollution incidents during FY 2025-26. The Lost Time Injury Frequency Rate (LTIFR) for employees improved to 0.08 per one million person-hours worked, from 0.20 in FY 2024-25. Total recordable work-related injuries for employees declined to 12 from 31 in the previous year.

Safety metric FY 2025-26 FY 2024-25
LTIFR (employees, per million person-hours) 0.08 0.20
Total recordable injuries (employees) 12 31
Fatalities (employees) 0 0
High consequence injuries (employees) 0 0

Environmental disclosures

Total energy consumed from non-renewable sources rose to 15,374,153.11 GJ in FY 2025-26 from 13,849,472.87 GJ in FY 2024-25, partly reflecting the inclusion of four ILT Joint Venture vessels not covered in the prior year. Total Scope 1 GHG emissions were 1,192,296.21 metric tonnes of CO2 equivalent, while Scope 2 emissions stood at 1,355.03 metric tonnes of CO2 equivalent.

Environmental parameter FY 2025-26 FY 2024-25
Total energy consumed (non-renewable) 15,374,153.11 GJ 13,849,472.87 GJ
Total Scope 1 emissions (tCO2e) 1,192,296.21 1,079,365.24
Total Scope 2 emissions (tCO2e) 1,355.03 1,425.15
Total water withdrawal (kilolitres) 2,42,072.12 1,91,192.1
Total waste generated (metric tonnes) 4,252.15 1,358.91
NOx emissions (MT) 26,597.48 25,266.63
SOx emissions (MT) 3,235.94 3,099.32

Installation of Ballast Water Treatment Systems was completed on all applicable vessels by March 2026. During the year, the company executed a shipbuilding contract with Mazagon Dock Shipbuilders Ltd. for construction of one 3,000 DWT Methanol Dual Fuel Platform Supply Vessel under the National Green Hydrogen Mission, representing the company's first vessel designed to operate on Green Methanol.

Governance and related-party transactions

The company reported zero monetary penalties, fines, settlements, or compounding fees during FY 2025-26. No complaints related to conflict of interest involving directors or key managerial personnel were received. Accounts payable days stood at 133 in FY 2025-26, compared to 126 in FY 2024-25.

Related-party transactions as a share of total activity increased across most categories during the year.

RPT metric FY 2025-26 FY 2024-25
Purchases with related parties (% of total) 44.09% 36.12%
Sales to related parties (% of total) 62.33% 58.47%
Loans and advances to related parties (% of total) 88.36% 87.96%
Investments in related parties (% of total) 53.25% 36.57%

The company holds affiliations with twelve trade and industry chambers and associations, including FICCI, BIMCO, INSA, and OCIMF. No adverse orders from regulatory authorities on anti-competitive conduct were received during the year. MSME procurement constituted 44.16% of total procurement declared on the Sambandh portal, of which 3.86% was from women MSE vendors and 0.60% from SC/ST MSE vendors.

The Ministry of Ports, Shipping and Waterways, vide Order No. SS-11035/1/2024 SU dated May 5, 2025, conveyed the dismissal of Shri Chirayu Indradeo Acharya from the post of Director (Finance) with effect from May 5, 2025, following imposition of a major penalty under the SCI Conduct, Discipline and Appeal Rules, 2011.

Historical Stock Returns for Shipping Corporation of India

1 Day5 Days1 Month6 Months1 Year5 Years
-0.73%+3.72%-3.96%+19.58%+23.18%+141.08%

How will the transition to Green Methanol via the new Mazagon Dock vessel impact SCI's operational costs and competitive positioning in the global tanker market?

What strategies is SCI implementing to mitigate the rising Scope 1 GHG emissions and non-renewable energy consumption despite safety improvements?

Given the significant increase in related-party transactions, particularly in sales and investments, how does SCI ensure transparency and mitigate potential conflict of interest risks for minority shareholders?

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