Shipping Corporation of India Limited (SCI) has announced a significant change in its Board composition, as confirmed by a recent regulatory filing. The Ministry of Ports, Shipping and Waterways (MoPSW) has approved the nomination of a new Part-time Government Nominee Director, marking a shift in the company's leadership structure.

Key Changes in SCI's Board

Details of the Appointment

• New Appointee: Shri R. Lakshmanan, Joint Secretary
• Previous Role: Shri Venkatesapathy S., Joint Secretary
• Appointment Approved By: Ministry of Ports, Shipping and Waterways
• Effective Date: November 4, 2025

The company has stated that it is in the process of completing the necessary statutory formalities for Shri R. Lakshmanan's appointment. Additional details required under SEBI regulations will be provided in due course.

Upcoming Investor Communication

SCI has also announced a conference call scheduled for November 10, 2025, at 4:00 p.m. (IST) to discuss the company's Q2 FY26 earnings. The call will feature key management representatives, including:

• Capt B K Tyagi – Chairman & Managing Director
• Mr. Vikram Dingley – Director (Technical & Offshore Services) and Director (Finance) A/c
• Rear Admiral Jaswinder Singh – Director (Liner & Passenger Services) and Director (Bulk Carrier and Tanker) A/c
• Capt Som Raj – Director (Personnel & Administration)
• Mrs. Charusheela Golapalli – Chief Financial Officer

This conference call demonstrates SCI's commitment to transparency and open communication with investors, even as it undergoes changes in its board composition.

The appointment of Shri R. Lakshmanan as the new Government Nominee Director may bring fresh perspectives to SCI's board. As a Joint Secretary, his expertise could potentially influence the company's strategic decisions and its alignment with government policies in the shipping and waterways sector.

Shipping Corporation of India Land & Assets (SCI L&A) has reported mixed financial results for the second quarter. While the company saw an increase in revenue, its net profit declined compared to the same period last year.

Key Financial Highlights

Revenue Growth

SCI L&A reported a significant increase in revenue, rising to ₹61.30 crore in Q2 FY2025-26 from ₹40.00 crore in the same quarter of the previous year, marking a 53.25% year-over-year growth. This substantial improvement in top-line performance indicates strong business activity and potentially increased demand for the company's services.

Profit Decline

Despite the revenue growth, the company experienced a notable decrease in net profit. SCI L&A's net profit for Q2 FY2025-26 stood at ₹41.90 crore, down from ₹128.60 crore in Q2 FY2024-25, representing a 67.42% year-over-year decline. This significant reduction in profitability may raise concerns among investors and analysts about the company's cost management and operational efficiency.

Factors Affecting Performance

While the specific reasons for the profit decline were not provided in the available data, potential factors could include:

• Increased operational costs
• Higher expenses related to expansion or new projects
• Market challenges or competitive pressures
• One-time expenses or write-offs

Upcoming Board Meeting

In a recent corporate filing, SCI L&A announced that its Board of Directors is scheduled to meet on Friday, November 7, 2025, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The board will also consider declaring an interim dividend, if any.

Investors should note that the trading window for the company's securities is closed from October 1, 2025, and will remain closed until 48 hours after the declaration of the financial results.

As SCI L&A navigates through these mixed financial results, stakeholders will be keen to see how the company addresses the challenges in profitability while capitalizing on its revenue growth momentum.