The Shipping Corporation of India Limited has completed the formal appointment process for its new Government Nominee Director, providing comprehensive details about the appointee's background and experience. The company submitted the complete regulatory filing on February 24, 2026, following the initial board changes announced on February 23, 2026.

Director Appointment Completion

Following the earlier disclosure on February 23, 2026, regarding approval from the Competent Authority, SCI has now provided complete details for Shri Mukesh Mangal's appointment as Part-time Government Nominee Director. The appointment was formalized through letter no. SS-11025/1/2024-SU dated February 23, 2026, from the Ministry of Ports, Shipping and Waterways.

The company confirmed that Shri Mukesh Mangal is not related to any Director of the Company and is not debarred from holding the office of director by virtue of any SEBI order or any other authority.

Director Profile and Experience

Shri Mukesh Mangal brings extensive experience to SCI's board, belonging to the Indian Telecom Service (ITS) of 1992 batch with a B.Tech in Electronics and Communications. His professional journey spans over 31 years across critical government departments including the Department of Telecommunications and Ministry of Home Affairs.

His notable achievements include establishing various national level security projects in cyber-security, developing the Sanchar Saathi portal, and creating digital intelligence platforms to curb misuse of telecom resources in cyber-crime. Currently, he heads multiple divisions including the development of National Maritime Heritage Complex in the Ministry of Ports, Shipping and Waterways.

Previous Board Changes

The appointment of Shri Mukesh Mangal coincided with the cessation of Shri R. Lakshmanan, Joint Secretary, MoPSW, who ceased to be the Part-time Director (Government Nominee Director) from the board effective February 23, 2026, at 1543 hours.

Regulatory Compliance

The complete disclosure was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made in accordance with SEBI Master Circular dated January 30, 2026, and other relevant circulars. The formal communication was signed by Smt. Swapnita Vikas Yadav, Company Secretary and Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited.

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.