Shipping corporation of india Limited has announced that it has received approval from the Appointments Committee of the Cabinet (ACC) for the additional charge assignment of its Director (Finance) position. The approval was communicated to the company on February 18, 2026, through an official intimation filed under SEBI regulations.

Cabinet Committee Approval Details

The Ministry of Ports, Shipping and Waterways informed the company about the approval through letter number 01/02/2022-EO(ACC) dated February 12, 2026, from the Secretariat of the Appointments Committee of the Cabinet, Department of Personnel & Training. The approval represents an ex-post facto endorsement of the ministry's proposal for the additional charge arrangement.

Terms and Conditions

The additional charge assignment comes with specific conditions regarding its duration and termination. Som Raj will hold the additional responsibility for three months from January 1, 2026, or until the assumption of charge by a regular incumbent, or until further orders from the authorities, whichever occurs earliest.

Regulatory Compliance

The company filed this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made on February 18, 2026, at 09:55 hours, with Company Secretary and Compliance Officer Smt. Swapnita Vikas Yadav signing the official communication.

Previous Disclosures

The company referenced earlier disclosures made on December 29, 2025, regarding this matter, indicating that the additional charge arrangement had been previously communicated to the exchanges before receiving the formal Cabinet approval.

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.