Shipping Corporation of India has announced the cessation of three Non-Official Independent Directors following the completion of their one-year tenure. The company informed both BSE and NSE about this board composition change through a regulatory filing dated April 10, 2026.

Directors Completing Tenure

The three Independent Directors whose tenure concluded on April 10, 2026 are:

Regulatory Background

The cessation follows the natural completion of the directors' one-year appointment term. These appointments were originally made pursuant to approval from the Appointments Committee of the Cabinet, based on recommendations dated March 12, 2025 from the Search Committee. The proposal originated from the Ministry of Ports, Shipping and Waterways for the appointment of three Non-Official Independent Directors.

Timeline and Details

The directors served their complete tenure as planned:

Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The intimation was filed in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The filing was signed by Company Secretary and Compliance Officer Smt. Swapnita Vikas Yadav, ensuring proper documentation of the board changes for regulatory records.

The Shipping Corporation of India Limited has filed its quarterly compliance certificate with stock exchanges and depositories for the quarter ended March 31, 2026. The submission fulfills requirements under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Filing

The company submitted the compliance certificate dated April 6, 2026, which was received from M/s. Alankit Assignments Limited, the company's Registrar and Share Transfer Agent (RTA). The certificate was filed with multiple regulatory bodies including BSE Limited, National Stock Exchange of India Limited, National Securities Depository Limited, and Central Depository Services (India) Limited.

Certificate Confirmation

According to the certificate issued by Alankit Assignments Limited, no securities were received from depository participants for dematerialization up to March 31, 2026. The registrar confirmed that since there were no securities for dematerialization during the quarter, no certificates were mutilated and cancelled, and consequently, there was no substitution of depository names in the register of members as registered owners.

Company Secretary Certification

The filing was signed by Smt. Swapnita Vikas Yadav, Company Secretary and Compliance Officer of The Shipping Corporation of India Limited. The document was digitally signed on April 8, 2026, ensuring proper authentication and compliance with digital filing requirements.

About the Regulation

Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 requires companies to submit quarterly certificates regarding dematerialization activities. This regulation ensures transparency in the dematerialization process and maintains accurate records of securities held in electronic form versus physical certificates.