Shipping Corporation of India Limited has notified stock exchanges of a key board-level change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Chandran Durai Daniel, General Manager at Shipping Corporation of India Limited, has been appointed as Director (Bulk Carriers & Tankers) with effect from 05.05.2026 at 1230 hours, following approval from the Appointments Committee of the Cabinet (ACC).

Board Change Details

The ACC, vide Order No. 01/07/2025-EO(ACC) dated 04.05.2026, conveyed its approval on the proposal of the Ministry of Ports, Shipping & Waterways for the appointment. The key details of the appointment are summarised below:

As a consequence of this appointment, Rear Admiral Jaswinder Singh, Director (L&PS), SCI, has ceased to hold the Additional Charge of Director (Bulk Carriers & Tankers) with effect from 05.05.2026 at 1230 hours.

Regulatory Compliance

In terms of Regulation 30 of the SEBI Listing Regulations, as amended, read with the SEBI Master Circular dated 30th January, 2026, Shri Chandran Durai Daniel is not related to any Director of the Company and is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Profile of Shri Chandran Durai Daniel

Capt. Chandran Durai Daniel brings a distinguished maritime career of approximately 36 years to his new role. Key highlights of his professional background include:

• Academic Background: Alumnus of NIT Trichy; graduate Mechanical Engineer
• SCI Tenure: Joined SCI in 1989 as Trainee Nautical Officer after a short stint in the Automobile Industry
• Sea Experience: Served on all types of vessels, progressing steadily through the ranks
• Shore Assignments: Transitioned to shore-based roles within SCI in 2004, undertaking senior management positions across diverse functional domains
• Branch Office Experience: Served in all SCI branch offices, including the overseas office in the UK
• Industry Role: Serves as a Member of the Governing Council of Narottam Morarjee Institute of Shipping, an institute set up under the joint auspices of MoPSW and the Indian Shipping Industry, imparting training and advance diploma courses in shipping and logistics

The intimation was submitted by Smt. Swapnita Vikas Yadav, Company Secretary and Compliance Officer, Shipping Corporation of India Limited, and the date and time of occurrence of the event is recorded as 05.05.2026 at 1230 hours.

India is actively engaged in diplomatic discussions with Iran regarding vessel exit arrangements, according to government officials. These talks represent part of India's broader maritime strategy in the region amid evolving geopolitical circumstances.

Shipping Corporation's Middle East Expansion

Shipping Corporation of India is preparing to deploy its fleet to Middle East operations. The state-owned shipping company's decision to send vessels to the region aligns with India's strategic maritime interests and commercial shipping requirements.

Government Maritime Strategy

The dual developments highlight India's coordinated approach to regional shipping challenges. While diplomatic channels remain active with Iran regarding vessel movements, the country is simultaneously strengthening its commercial shipping presence through its national carrier.

Regional Shipping Dynamics

These initiatives reflect India's commitment to maintaining robust maritime trade routes and ensuring operational flexibility for its shipping assets. The government's involvement in vessel exit discussions demonstrates the strategic importance of maintaining clear maritime protocols in the region.

The coordination between diplomatic efforts and commercial shipping operations underscores India's comprehensive approach to regional maritime challenges and opportunities.