SCILAL Extends Additional Charge of CMD Post to Capt. B.K. Tyagi for One Year
SCILAL announced the extension of additional charge of CMD post to Capt. B.K. Tyagi for one year from January 1, 2026, following approval by the Appointments Committee of the Cabinet. The extension continues until a regular incumbent assumes charge or further orders are issued. The company disclosed this development under SEBI Regulation 30 requirements.
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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.
| Parameter: | Details |
|---|---|
| Extension Period: | One year |
| Effective Date: | January 1, 2026 |
| Current Position: | CMD, Shipping Corporation of India |
| Additional Charge: | CMD, SCILAL |
| Approval Authority: | 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.
Historical Stock Returns for SCI Land & Assets
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.02% | -0.54% | -6.69% | -12.52% | -25.06% | -0.68% |
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