Shipping Corporation of India Limited (SCI) has announced a significant development in its ongoing restructuring efforts. SCI Land And Assets, a subsidiary of SCI, has successfully obtained approval from the Maharashtra Government for stamp duty exemption on its demerger plan. This move marks a crucial step forward in the company's strategic reorganization.

Key Highlights

• SCI Land And Assets received approval for stamp duty exemption from the Maharashtra Government.
• The exemption applies to the demerger of non-core assets from the Shipping Corporation of India Limited into Shipping Corporation of India Land and Assets Limited.
• The approval was granted under Section 32(1)(a)(b) of the Maharashtra Stamp Act.
• The exemption is based on the Government of Maharashtra Notification No. Mudrank-2023/698/C.R. 436/M-1 (Dhoran) dated 12.10.2023.

Details of the Exemption

According to the company's disclosure to the stock exchanges, SCI received a certificate from the Office of the Collector of Stamps, Enforcement – 1 in Case No. ADJ/249/2024 dated 16.09.2024. This certificate confirms the exemption from stamp duty payments for the demerger scheme.

Implications for SCI

The stamp duty exemption is expected to provide financial relief to SCI as it proceeds with its restructuring plans. By separating its non-core assets into a distinct entity, SCI aims to streamline its operations and potentially unlock value for shareholders.

Regulatory Compliance

SCI has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the event occurred on 16.07.2025 at 17:25 hours.

Looking Ahead

While this development is positive for SCI's restructuring efforts, investors and market watchers will likely keep a close eye on the progress of the demerger and its potential impact on the company's future performance.

As the demerger process continues to unfold, further updates from the company are expected to provide more clarity on the strategic direction and potential benefits of this corporate restructuring initiative.

Shipping Corporation of India (SCI) has taken a significant step towards expanding its fleet capacity by signing a Memorandum of Agreement (MoA) for the acquisition of two Very Large Gas Carriers (VLGCs). This strategic move is set to bolster SCI's presence in the gas transportation sector.

Fleet Expansion Details

The agreement outlines the addition of two state-of-the-art VLGCs to SCI's fleet:

• Vessel Type: Very Large Gas Carriers (VLGCs)
• Cargo Capacity: 82,000 cubic meters each
• Expected Induction: FY 2025-26

This acquisition represents a significant enhancement to SCI's gas carrying capabilities, potentially allowing the company to take on larger contracts and expand its market share in the global gas transportation industry.

Strategic Implications

The decision to acquire these VLGCs suggests that SCI is positioning itself to capitalize on the growing demand for gas transportation, particularly in the liquefied petroleum gas (LPG) and ammonia markets. With a combined additional capacity of 164,000 cubic meters, these vessels will enable SCI to:

1. Increase its operational flexibility
2. Potentially reduce per-unit transportation costs
3. Enhance its competitiveness in the international gas shipping market

Looking Ahead

While the financial details of the agreement have not been disclosed, the planned induction of these vessels in FY 2025-26 indicates a forward-looking approach by SCI's management. This move aligns with the global trend of increasing demand for cleaner energy sources, where gas plays a crucial role.

As the shipping industry continues to evolve, SCI's fleet expansion demonstrates its commitment to staying competitive and meeting the changing needs of the global energy market. Stakeholders will likely be watching closely to see how this strategic acquisition impacts the company's performance and market position in the coming years.