Sci land & assets has announced a significant organizational restructuring with the re-designation of its Director (Operations) position to Director (Finance), following approval from government authorities. The company communicated this development to stock exchanges on February 23, 2026, in compliance with regulatory requirements.

Government Approval Process

The restructuring received formal approval through a systematic government process. The Ministry of Ports, Shipping and Waterways (MoPSW) informed the company about the Department of Public Enterprises (DPE) order through an official communication.

Regulatory Compliance

The company fulfilled its disclosure obligations under SEBI regulations by promptly informing both major stock exchanges. The notification was made pursuant to Regulation 30 read with Schedule-III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The exchanges notified include:

• BSE Limited: Security Code 544142
• National Stock Exchange of India Limited: Trading Symbol SCILAL

Corporate Structure Impact

This re-designation represents a strategic shift in the company's leadership structure, moving from an operations-focused directorial position to a finance-oriented role. The change reflects the organization's evolving operational priorities and governance requirements as a Government of India enterprise.

The formal communication was signed by Company Secretary and Compliance Officer Shri Mohammad Firoz, ensuring proper documentation and regulatory compliance for this organizational change.

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.