Shipping Corporation of India Limited has announced the appointment of Shri Nitin Khamesra as Director (Finance) effective February 23, 2026, marking the end of the temporary additional charge arrangement that was in place since January.

New Director Appointment

Shri Nitin Khamesra (DIN: 09595247) assumed charge as Director (Finance) on February 23, 2026, at 1630 hours, following the Order No.01/08/2025-EO(PE) dated January 31, 2026, from the Secretariat of the Appointments Committee of the Cabinet. The appointment represents a permanent solution to the finance leadership position that had been temporarily filled through an additional charge arrangement.

End of Additional Charge Arrangement

With Khamesra's appointment, Capt. Som Raj, Director (Personnel & Administration), ceased to hold the additional charge of Director (Finance) effective February 23, 2026, at 1630 hours. Som Raj had been managing both positions since January 1, 2026, under a three-month additional charge arrangement that received Cabinet approval in February.

Professional Background

Shri Nitin Khamesra brings over 28 years of extensive experience in financial management, project evaluation, and maritime logistics. A Chartered Accountant, Cost Accountant, and Computer Science graduate, he previously served as Chief General Manager at Indian Oil Corporation Limited (IOCL), where he held key leadership roles across multiple Strategic Business Units including Shipping, Refineries, International trade & Treasury Operations, and Management Accounts.

Industry Experience and Recognition

During his IOCL tenure, Khamesra served as Chartering & Finance Head (Shipping), supporting procurement of crude oil, LNG, LPG, and POL while managing end-to-end seaborne logistics. He also served as Finance Head of Gujarat Refinery, leading large finance teams and overseeing commercial, taxation, and project finance functions. A 4th Rank holder Chartered Accountant, he is a recipient of the prestigious Maharana Kumbha Award and P. Sarkar Award of ICWAI.

Regulatory Compliance

The company filed this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Smt. Swapnita Vikas Yadav confirmed that Khamesra is not related to any company director and is not debarred from holding directorship by any regulatory authority.

Shipping Corporation of India delivered exceptional financial performance in Q3FY26, demonstrating the resilience and strength of India's premier shipping company. The company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, during their meeting held on February 6, 2026.

Strong Financial Performance in Q3FY26

The company's standalone financial results showcase remarkable growth across key metrics. Net profit for Q3FY26 reached ₹39,337 lakhs, representing a substantial increase from ₹6,480 lakhs recorded in Q3FY25.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, the company maintained strong momentum with net profit of ₹91,249 lakhs compared to ₹64,194 lakhs in the corresponding period of the previous year.

Segment-wise Business Performance

The company's diversified shipping operations across multiple segments contributed to the strong performance. The Tanker segment emerged as the primary revenue driver, generating ₹1,09,691 lakhs in Q3FY26 compared to ₹81,705 lakhs in Q3FY25.

Quarterly Segment Revenue:

• Tanker: ₹1,09,691 lakhs (Q3FY26) vs ₹81,705 lakhs (Q3FY25)
• Bulk Carrier: ₹23,751 lakhs vs ₹14,686 lakhs
• Liner: ₹20,581 lakhs vs ₹28,107 lakhs
• Technical & Offshore: ₹7,936 lakhs vs ₹6,371 lakhs

Dividend Declaration and Corporate Actions

The Board declared a second interim dividend of ₹3.5 per equity share of face value ₹10 each, representing 35% per share for Financial Year 2025-26. The total dividend outgo is estimated at approximately ₹163.03 crores.

Consolidated Results and Strategic Outlook

On a consolidated basis, the company reported net profit of ₹40,497 lakhs for Q3FY26 against ₹7,552 lakhs in Q3FY25. The consolidated results include contributions from subsidiaries Inland and Coastal Shipping Ltd. and SCI Bharat IFSC Limited, along with joint ventures in LNG transportation.

The company continues to navigate the strategic disinvestment process being handled by the Department of Investment and Public Asset Management (DIPAM), with the Virtual Data Room remaining open for due diligence by qualified interested parties. Additionally, the demerger scheme approved by MCA has resulted in the transfer of 192 non-core assets to Shipping Corporation of India Land and Assets Limited, with 185 assets being leased back to the company.