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.

The Shipping Corporation of India Limited has announced a significant senior management change through an internal promotion, bringing Mr. Jothi Krishnan Kandasamy into its senior management team as General Manager, effective December 24, 2025.

Promotion Details

The company disclosed this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The promotion was announced on December 24, 2025, at 17:00 hours.

Professional Background

Mr. Jothi Krishnan Kandasamy brings extensive experience and qualifications to his new role. He holds a Graduate degree in Computer Technology, an MBA in Finance and Marketing, and a Post Graduate Diploma in Human Resources.

His professional journey spans over 33 years across diverse business verticals, including:

• Budget Control
• Management Information System
• IT Network Management
• Software Development
• Drydock Operations
• International Shipping
• Training & Development
• Internal Audit

Career Progression at SCI

Mr. Kandasamy's association with the Shipping Corporation of India began in 1995 when he joined as a Junior Officer. His elevation to General Manager in December 2025 represents a significant milestone in his 30-year tenure with the company. In his new capacity, he will be heading the Internal Audit Department of the Finance Division.

Regulatory Compliance

The announcement 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 the SEBI Master Circular dated November 11, 2024, ensuring full compliance with current regulatory requirements.

This internal promotion reflects the Shipping Corporation of India's commitment to recognizing and advancing talent from within the organization, particularly in critical areas such as internal audit and financial oversight.