SCILAL Announces Board Reshuffle: New Government Director Appointed

SCI Land & Assets (SCILAL) has announced a significant change in its board composition, as approved by the Ministry of Ports, Shipping and Waterways. The company is set to welcome a new Government Director while bidding farewell to its current one.

New Appointment

Shri Venkatesapathy S., who currently serves as Joint Secretary (Shipping) at the Ministry of Ports, Shipping and Waterways, has been appointed as the new Government Director on SCILAL's Board. This appointment is slated to take effect from July 28, 2025.

Outgoing Director

Simultaneously, Shri Rajesh Kumar Sinha, Special Secretary at the ministry, has ceased to be the Government Nominee Director on SCILAL's Board. His tenure concluded on the same date as Shri Venkatesapathy S.'s appointment.

Regulatory Compliance

SCILAL has stated that it is taking the necessary steps to complete all statutory formalities regarding the new appointment. The company has committed to providing all requisite details in accordance with regulatory requirements in due course.

Official Communication

The changes were officially communicated to the company through a letter (no. SS-11025/1/2024-SU) from the Ministry of Ports, Shipping and Waterways, dated July 28, 2025. The letter conveyed the approval of the Competent Authority for these board changes.

Investors and stakeholders will be keenly watching how these changes in the board composition might influence the company's strategic direction and governance in the coming months.