Shipping Corporation of India Land and Assets Limited has announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 4, 2026, demonstrating the company's continued operational performance across its business segments.

Board Meeting and Regulatory Compliance

The company's Board of Directors meeting commenced at 1500 hours IST and concluded at 1700 hours IST on February 4, 2026. The meeting was conducted in compliance with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited standalone financial results were reviewed by statutory auditors A. T. Jain & Co., who issued an unmodified limited review report.

Financial Performance Overview

The company reported strong financial results for the third quarter of FY26, with key metrics showing positive trends across most parameters:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company demonstrated robust performance with significant improvements in key areas:

Segment-wise Business Performance

The company operates through two primary segments - MTI (Maritime Training Institute) and Others, which includes investment property operations:

MTI Segment Results:

• Q3FY26 revenue: ₹408 lakhs (Q3FY25: ₹509 lakhs)
• Nine-month revenue: ₹1,519 lakhs (9M FY25: ₹1,087 lakhs)
• Segment loss before tax and interest for Q3FY26: ₹167 lakhs

Others Segment Results:

• Q3FY26 revenue: ₹2,248 lakhs (Q3FY25: ₹2,225 lakhs)
• Nine-month revenue: ₹6,574 lakhs (9M FY25: ₹6,649 lakhs)
• Segment profit before tax and interest for Q3FY26: ₹1,708 lakhs

Cost Management and Operational Efficiency

The company maintained disciplined cost management during the quarter. Total expenses for Q3FY26 were ₹1,116 lakhs compared to ₹1,352 lakhs in the corresponding quarter of the previous year, representing a decrease of 17.46%. Key expense components included:

• Cost of services rendered: ₹433 lakhs
• Other expenses: ₹631 lakhs
• Depreciation and amortisation: ₹51 lakhs
• Finance costs: ₹1 lakh

Tax and Earnings Per Share

The company reported total tax expenses of ₹427 lakhs for Q3FY26, comprising current tax of ₹401 lakhs and deferred tax of ₹26 lakhs. Basic and diluted earnings per share for the quarter stood at ₹0.24, compared to ₹0.22 in the corresponding quarter of the previous year.

For the nine-month period, earnings per share was ₹0.64 compared to ₹0.75 in the previous year. The company maintains a paid-up equity share capital of ₹46,580 lakhs with a face value of ₹10 per share.

Balance Sheet Strength

As of December 31, 2025, the company maintained a strong balance sheet with total segment assets of ₹3,53,457 lakhs and total segment liabilities of ₹52,905 lakhs. The MTI segment held assets worth ₹2,43,136 lakhs, while the Others segment contributed ₹1,10,321 lakhs to total assets.

Shipping Corporation of India Land and Assets Limited has informed stock exchanges about the extension of additional charge of the Chairman & Managing Director position to Capt. B.K. Tyagi for another year. The announcement, made under Regulation 30 of SEBI listing requirements, confirms continuity in the company's top leadership.

Leadership Extension Details

The Ministry of Ports, Shipping and Waterways communicated the decision through an email dated February 2, 2026, referencing order No.01/03/2024-EO(ACC) dated January 30, 2026, from the Secretariat of the Appointments Committee of the Cabinet.

Regulatory Compliance

The company disclosed this information pursuant to Regulation 30 read with Schedule-III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows an earlier disclosure dated December 29, 2025, indicating ongoing communication regarding leadership arrangements.

The event occurred on February 2, 2026, at 1732 hours IST, with the formal communication signed by Shri Mohammad Firoz, Company Secretary and Compliance Officer.

Terms and Conditions

The extension arrangement includes specific termination conditions that provide flexibility for future leadership transitions:

• Extension valid until assumption of charge by regular incumbent
• Subject to further orders from appointing authority
• Whichever condition occurs earliest will determine the end of additional charge

This leadership continuity ensures stable management oversight for SCILAL while the company potentially searches for a permanent CMD appointment.