Shipping Corporation of India Limited has announced a key senior management appointment, with Mr. Uttam Gharde taking charge as Deputy Chief Vigilance Officer (Dy. CVO) effective January 1, 2026. The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The appointment was formalized through an internal order, with Mr. Gharde assuming responsibility for the Vigilance Division and joining the company's senior management structure. The company reported the event occurrence on January 9, 2026, at 10:45 hours.

Professional Background

Mr. Uttam Sadashiv Gharde brings extensive maritime expertise to his new role, with over 33 years of experience across multiple business verticals. His educational qualifications include a Bachelor's degree in Mechanical Engineering and Marine Engineer (MEO Class I) certification.

His career with SCI spans more than three decades, beginning when he joined as a Fifth Engineer Officer in August 1992. He commenced sailing operations on vessels from August 18, 1992, gaining hands-on experience in ship operations before transitioning to shore-based responsibilities on April 7, 2006.

Career Progression

Mr. Gharde's professional journey within the organization demonstrates steady advancement through various operational roles. His experience encompasses diverse areas including:

• Maritime Training operations
• Fleet Personnel management
• Ship Operation oversight
• Dry dock operation supervision
• Repair bill settlement processes

He achieved a significant milestone in April 2019 when he was promoted to the position of Deputy General Manager, marking his continued growth within the organization's management hierarchy.

Regulatory Compliance

The appointment disclosure was made in accordance with SEBI regulations, specifically under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced compliance with the SEBI Master Circular dated November 11, 2024, ensuring full regulatory adherence in announcing this senior management change.

The Shipping Corporation of India Limited has announced changes to its board of directors, with Capt. Som Raj set to take additional charge as Director (Finance) effective January 1, 2026. The appointment comes following approval from the Ministry of Ports, Shipping and Waterways, marking a significant leadership transition within the state-owned shipping company.

Ministry Approval and Appointment Details

The Ministry of Ports, Shipping and Waterways conveyed its approval on December 29, 2025, through letter No: SS-11012/4/2019-SU for the entrustment of additional charge of Director (Finance) to Capt. Som Raj, who currently serves as Director (Personnel & Administration). The appointment is effective for the period from January 1, 2026, to March 31, 2026, or until the position is filled on a regular basis, whichever occurs earlier.

Leadership Transition

Capt. Som Raj's appointment follows the completion of Shri Vikram Dingley's tenure, who currently holds the additional charge of Director (Finance) alongside his role as Director (Technical & Offshore Services). Dingley's tenure in the additional capacity will conclude on December 31, 2025, paving the way for Capt. Som Raj's expanded responsibilities.

Professional Background and Experience

Capt. Som Raj brings extensive maritime expertise to his expanded role, with over 35 years of experience in ship operations, human resource management, and maritime training. His career with The Shipping Corporation of India began in 1990 as a Trainee Nautical Officer, and he achieved the rank of Ship Master in 2005.

Current Responsibilities and Leadership Roles

In his current capacity as Director (Personnel & Administration), Capt. Som Raj oversees the welfare and administration of approximately 3,000 seafarers and shore employees. His responsibilities encompass critical industrial relations management, wage and regulatory negotiations, and oversight of SCI's shore infrastructure management.

Additionally, he holds the charge of Director Operations at Shipping Corporation of India Land and Assets Ltd. (SCILAL) and serves as Functional Director at Inland & Coastal Shipping Ltd (ICSL). His leadership has contributed to reducing vessel off-hire periods, optimizing manpower deployment, and maintaining seamless collaboration with key stakeholders including ONGC and the Andaman & Nicobar Administration.

Strategic Contributions and National Projects

Throughout his career progression, Capt. Som Raj has held several pivotal positions including Marine Superintendent for Quality and Safety, Principal of SCI's Maritime Training Institute, and General Manager (Fleet Personnel). His involvement in major national projects includes contributions to ISRO's Mars Orbiter Mission and ensuring SCI's operational readiness during the Prime Minister's visit to Port Blair.

The company has confirmed that Capt. Som Raj is not related to any existing director and is not debarred from holding directorial positions by SEBI or any other regulatory authority. The formal notification was submitted to both BSE and NSE on December 29, 2025, at 12:32 hours, ensuring compliance with regulatory disclosure requirements.