Integrated Filing-Governance



General information about company

Scrip Code 523598
NSE Symbol SCI
MSEI Symbol NOTLISTED
ISIN INE109A01011
Name of the entity SHIPPING CORPORATION OF INDIA LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity Company has not acquired shares or voting rights in any Unlisted Company during Quarter 4 of Financial Year 2025-26
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity No fine or penalty has been imposed on SCI during the quarter ended 31.03.2026
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity As per note 1 of Annexure 1 (Part F) of SEBI Circular dated 31 December 2024 any loan (or other form of debt), guarantees/comfort letters (by whatever name called) or security provided in connection with any loan or any other form of debt by the Company to/for its Subsidiary and Joint Venture Company whose accounts are consolidated with the Company are excluded
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID s00232
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory Binesh Kumar Tyagi is Director wef 07Jan21 and is CMD wef 03Sept22 Jaswinder Singh holds additional charge of D BCnT wef 1July25 In terms of MoPSW letter dt 23Feb26 Mukesh Mangal was appointed as Government Nominee Director in place of Raju Lakshmanan wef 23Feb26 Consequently Raju Lakshmanan ceased to be a part from Board of SCI wef 23Feb26 The first term of three year of Gulabbhai Rohit as independent director completed wef 22Nov24 subsequent to which competent authority re-appointed him on the Board wef 11Apr25.
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Binesh Kumar Tyagi 08966904 Executive Director Chairperson MD 04-Nov-1970 No Active NA 07-Jan-2021 03-Sep-2022 2 0 2 0
2 Mr. Vikram Dingley 09515547 Executive Director Not Applicable 13-May-1966 No Active NA 19-May-2022 1 0 1 0
3 Mr. Jaswinder Singh 10104264 Executive Director Not Applicable 15-Sep-1968 No Active NA 29-Dec-2023 1 0 2 0
4 Mr. Som Raj 11046394 Executive Director Not Applicable 12-Jun-1967 No Active NA 15-Jul-2025 1 0 0 0
5 Mr. Nitin Khamesra 09595247 Executive Director Not Applicable 20-Jul-1975 No Active NA 23-Feb-2026 2 0 2 0
6 Mr. Rajesh Kumar Sinha 05351383 Non-Executive - Nominee Director Not Applicable 27-Mar-1966 No Active NA 10-Nov-2022 1 0 0 0
7 Mr. Raju Lakshmanan 06908182 Non-Executive - Nominee Director Not Applicable 23-Jul-1980 No Active NA 13-Jun-2024 04-Nov-2025 23-Feb-2026 0 0 0 0 Tenure Completion
8 Mr. Mukesh Mangal 10460089 Non-Executive - Nominee Director Not Applicable 06-Nov-1968 No Active NA 23-Feb-2026 1 0 0 0
9 Mr. Gulabbhai Lakhubhai Rohit 08916645 Non-Executive - Independent Director Not Applicable 04-May-1969 No Active NA 22-Nov-2021 11-Apr-2025 47.2 1 1 1 1
10 Mr. Priya Sheel Hada 09461439 Non-Executive - Independent Director Not Applicable 07-Jun-1965 No Active NA 11-Apr-2025 11-Apr-2025 11.2 1 1 2 1
11 Mr. Satish Kumar Chawla 09400987 Non-Executive - Independent Director Not Applicable 04-Jan-1960 No Active NA 11-Apr-2025 11-Apr-2025 11.2 1 1 1 0



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory Rear Admiral Jaswinder Singh DLnPS is entrusted with addn charge of DBCnT wef 1July25 till 30Jun26 or until further orders, whichever is earlier, subject to approval of ACC. Thus Rear Admiral Jaswinder Singh DLnPS was a member of Audit Committee by virtue of holding addn charge of DBCnT.



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08916645 Gulabbhai Lakhubhai Rohit Non-Executive - Independent Director Chairperson 11-Apr-2025
2 09400987 Satish Kumar Chawla Non-Executive - Independent Director Member 11-Apr-2025
3 09461439 Priya Sheel Hada Non-Executive - Independent Director Member 11-Apr-2025
4 10104264 Jaswinder Singh Executive Director Member 01-Jul-2025 Textual Information(1)



Text Block
Textual Information(1) Rear Admiral Jaswinder Singh DLnPS is entrusted with addn charge of DBCnT wef 1July25 till 30Jun26 or until further orders, whichever is earlier, subject to approval of ACC. Thus Rear Admiral Jaswinder Singh DLnPS was a member of Audit Committee by virtue of holding addn charge of DBCnT



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 09400987 Satish Kumar Chawla Non-Executive - Independent Director Chairperson 11-Apr-2025
2 06908182 Raju Lakshmanan Non-Executive - Nominee Director Member 04-Nov-2025 23-Feb-2026 Textual Information(1)
3 10460089 Mukesh Mangal Non-Executive - Nominee Director Member 23-Feb-2026 Textual Information(2)
4 08916645 Gulabbhai Lakhubhai Rohit Non-Executive - Independent Director Member 11-Apr-2025
5 09461439 Priya Sheel Hada Non-Executive - Independent Director Member 11-Apr-2025

Text Block
Textual Information(1) Mukesh Mangal was appointed as Government Nominee Director in place of Raju Lakshmanan wef 23Feb26 Consequently Raju Lakshmanan ceased to be a member of this committee wef said date
Textual Information(2) Mukesh Mangal was appointed as Government Nominee Director in place of Raju Lakshmanan wef 23Feb26 Mukesh Mangal was also inducted as member of this committee wef said date






Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 09461439 Priya Sheel Hada Non-Executive - Independent Director Chairperson 11-Apr-2025
2 09515547 Vikram Dingley Executive Director Member 19-May-2022
3 10104264 Jaswinder Singh Executive Director Member 29-Dec-2023



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 09461439 Priya Sheel Hada ID Chairperson 11-Apr-2025
2 10104264 Jaswinder Singh ED Member 29-Dec-2023 Textual Information(1)
3 11046394 Som Raj ED Member 15-Jul-2025
4 09595247 Nitin Khamesra ED Member 23-Feb-2026
5 09515547 Vikram Dingley ED Member 19-May-2022
6 99999999 Charusheela Golapalli CFO Member 11-Apr-2025 Textual Information(2)
7 99999999 C Murali HOD IT Member 07-Mar-2025 Textual Information(3)



Text Block
Textual Information(1) Rear Admiral Jaswinder Singh DLnPS is entrusted with addn charge of DBCnT wef 1July25 till 30Jun26 or until further orders, whichever is earlier, subject to approval of ACC. Thus Rear Admiral Jaswinder Singh DLnPS was also a member of RMC by virtue of holding additional charge of D BCnT
Textual Information(2) She is CFO of the Company and does not hold DIN.
Textual Information(3) He is HOD IT of the Company and does not hold DIN.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 18-Oct-2025 Yes 9 9 3
2 07-Nov-2025 19 Yes 9 8 3
3 06-Feb-2026 90 Yes 9 9 3
4 06-Mar-2026 27 Yes 10 10 3
5 17-Mar-2026 10 Yes 10 10 3



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 07-Nov-2025 Yes 4 4 3 0
2 Audit Committee 06-Feb-2026 90 Yes 4 4 3 0
3 Nomination and remuneration committee 06-Feb-2026 0 Yes 4 3 3 0
4 Risk Management Committee 05-Feb-2026 Yes 4 4 1 2



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 No
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here: The report for previous quarter ended 31.12.2025 was placed before Board at their meeting held on 06.02.2026 On perusal of the captioned report, Board noted that SCI is a Navratna PSU hence the Company is coordinating with Competent Authority for appointment of requisite number of Independent Director(s) and a Woman Independent Director on SCI Board and proposal for said appointment(s) is under active consideration of Competent Authority. Board noted that as on 31.12.2025, there were 9 Directors on SCI Board which comprises of 4 Functional Directors including 1 CMD, 2 Non Official Part time Govt. Nominee Directors and 3 Independent Directors.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Swapnita Vikas Yadav
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.shipindia.com/page/aboutpage
1.2 Memorandum of Association and Articles of Association Yes https://www.shipindia.com/upload/disclousre_reg_46/MOA_and_AOA.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.shipindia.com/page/ourleaders/72
2 Terms and conditions of appointment of independent directors Yes https://www.shipindia.com/investors/disclosure_under_regulation
3 Composition of various committees of board of directors Yes https://www.shipindia.com/page/committees
4 Code of conduct of board of directors and senior management personnel Yes https://www.shipindia.com/upload/policies/Code_of_business_conduct-BM_SM.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.shipindia.com/upload/policies/Whistle_Blower_Policy_final_approved_on_03_02_2023.pdf
6 Criteria of making payments to non-executive directors Yes https://www.shipindia.com/upload/disclousre_reg_46/f_Criteria_for_payment_to_non-executive_Directors_Updated.pdf
7 Policy on dealing with related party transactions Yes https://www.shipindia.com/upload/policies/RPT_Policy1.pdf
8 Policy for determining material subsidiaries Yes https://www.shipindia.com/upload/policies/Policy_for_determining_material_subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.shipindia.com/upload/disclousre_reg_46/FamiliarisationProgrammeForID-25-26.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.shipindia.com/investors/contact_us
11 Email address for grievance redressal and other relevant details Yes https://www.shipindia.com/grievance
12 Financial results Yes https://www.shipindia.com/investors/quarterlyresults
13 Shareholding pattern Yes https://www.shipindia.com/investors/shareholding_pattern/12
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.shipindia.com/investors/disclosures_under_listing_regulation/12
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.shipindia.com/investors/disclosures_under_listing_regulation/12
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.shipindia.com/investors/disclosures_under_listing_regulation/12
18 Credit rating or revision in credit rating obtained Yes https://www.shipindia.com/investors/disclosures_under_listing_regulation/12
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.shipindia.com/page/icsl_page/icsl_financial_statement https://www.shipindia.com/page/sci_bharat_ifsc_limited/financial_statement
20 Secretarial compliance report Yes https://www.shipindia.com/investors/disclosures_under_listing_regulation/12
21 Materiality policy as per regulation 30 (4) Yes https://www.shipindia.com/upload/policies/policy_for_determining_material_events.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.shipindia.com/upload/investorsubpage/SEintimationsKMPcontactupdatesigned.pdf
23 Disclosures under regulation 30(8) Yes https://www.shipindia.com/investors/disclosures_under_listing_regulation/12
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://www.shipindia.com/investors/disclosures_under_listing_regulation/12
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.shipindia.com/upload/policies/SCI_Dividend_Distribution_Policy2.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.shipindia.com/investors/agm_new/13
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://www.shipindia.com/investors/disclosure_under_regulation
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.shipindia.com/investors/disclosure_under_regulation
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) No As on 31st March 2026 there are 10 Directors on the Board of the Company which comprises of 5 Functional Directors including 1 Chairman and Managing Director 2 Non Official Part time Government Nominee Directors and 3 Independent Directors
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) NA
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) Yes
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes Textual Information(1)



Text Block
Textual Information(1) SCI is Navratna PSU hence the Company is coordinating with Competent Authority for appointment of requisite number of IDs on SCI Board and proposal for said appointment is under active consideration of Competent Authority



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided Textual Information(1)



Text Block
Textual Information(1) Currently, SCI is not having any material subsidiary. The corporate governance requirements with respect to unlisted Subsidiaries have been duly complied.



Annexure II
1 Name of signatory Swapnita Vikas Yadav
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory Swapnita Vikas Yadav
Designation of person Company Secretary and Compliance Officer
Place Mumbai
Date 22-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 3
No. of investor complaints received during the Quarter 1
No. of investor complaints disposed off during the Quarter 4
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes The terms SCI or Company wherever used shall mean The Shipping Corporation of India Ltd. In point no. 12 and 14 the date entered is date of filing
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 04-May-2017 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 4182.92 lakhs (including penalty) plus applicable Interest Order dtd 23.11.2016 received in the matter of non payment of service tax on income received from hiring of vessels Harshavardhana & Ramanujam by A&N Administration under Supply of tangible goods (vessel) for the period Oct, 2009 to Sept,2015. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same and hearing is awaited. Ongoing hearing, next date scheduled on 21.05.2026.
2 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 28-Sep-2021 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 1012.84 lakhs (including penalty) plus applicable Interest Order dtd 21.06.2021 received in the matter of non payment of service tax on income received from hiring of vessels Harshavardhana & Ramanujam by A&N Administration under Supply of tangible goods (vessel) for the period Oct, 2015 to June,2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same and hearing is awaited. Appeal is filed and hearing is awaited.
3 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 24-Nov-2016 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 3128.96 lakhs (including penalty) plus applicable Interest Order dtd 31.08.2016 received in the matter of non inclusion of the value of bunker / fuel charges and water charges in the assessable value for discharge of service tax for the period Oct,2009 to Sept,2014. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. The Company has received a favorable order in April 2025 from the Hon’ble CESTAT, Mumbai, in the referenced matter, wherein the earlier impugned order has been set aside. The Company has filed CAVEAT in Supreme Court of India, in the above mentioned case on 30.06.2025, vide filing number No.EK-SCIN01-08035-2025.
4 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 08-Jul-2021 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 402.67 lakhs (including penalty) plus applicable Interest Order dtd 24.03.2021 received in the matter of non-inclusion of the value of bunker / fuel charges and water charges in the assessable value for discharge of service tax for the period Oct,2014 to June,2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. Appeal is filed and hearing is awaited.
5 Commissioner of CGST & Central Excise, Mumbai Vs SCI 10-Feb-2017 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 4944.54 lakhs plus applicable Interest Order dated 03.10.2016 was received in favour of the Company for the period July, 2012 to Sept,2015 in the matter of service tax to be levied on Demurrage Income. The Department has filed appeal against the said order. Similar matter of different period of Rs 2416.51 lakhs is kept in abeyance by the department till this appeal attains finality. The Company has received a favourable order from the Hon’ble CESTAT, Mumbai, in the referenced matter, with the Department’s appeal being dismissed. Accordingly, the Company expects a reduction of approximately Rs 146 crore, comprising the principal demand of Rs 49.44 crore and interest of Rs 96.56 crore (as of 30.06.2025), which had earlier been disclosed as a Contingent Liability in the Company’s Financial Statements. The Company has filed CAVEAT in Supreme Court of India, in the above mentioned case.
6 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 30-Mar-2017 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 38393.73 lakhs (including penalty) plus applicable Interest Order dated 29.11.2016 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2009 to Sep,2014. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. The Company has received an order from the Hon’ble CESTAT, Mumbai, in the referenced matter, stating that the impugned order is set aside and the appeal is allowed by way of remand to the original authority for de novo adjudication of the matter. The matter had already been disclosed earlier as a Contingent Liability in the Company’s Financial Statements.
7 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 05-May-2021 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 8194.67 lakhs (including penalty) plus applicable Interest Order dated 12.02.2021 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2014 to Sep, 2015. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. Appeal is filed and hearing is awaited.
8 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 12-Aug-2022 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 7396.66 lakhs (including penalty) plus applicable Interest Order dated 18.05.2022 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2015 to June, 2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. Appeal is filed and hearing is awaited.
9 SCI Vs Principal Commissioner of CGST & Central Excise, Mumbai 25-Jul-2023 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 17386.80 lakhs (Penalty) Penalty order dated 26.04.2023 received in the matter of reversal of Cenvat credit under Rule 6(3) for the period October 2009 to Sep,2014. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. Appeal is filed and hearing is awaited.
10 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 26-Oct-2016 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 34000.95 lakhs (including penalty) plus applicable Interest Order dated 26.07.2016 received in the matter non payment of service tax on income earned from Joint Ventures for the services provided for the period April 2009 to March 2015. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. Ongoing hearing, next date scheduled on 15.09.2026.
11 SCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, Mumbai 12-Mar-2021 Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 537.55 lakhs (including penalty) plus applicable Interest Order dated 08.12.2020 received in the matter non payment of service tax on income earned from Joint Ventures for the services provided for the period April 2015 to June 2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same. Appeal is filed and hearing is awaited.
12 Income Tax Department Vs SCI 10-Nov-2014 Name of the Court/Tribunal/Agency where litigation is filed - Bombay High Court Amount involved/ claimed, if any - Rs. 9820 Lakhs The department filed appeal challenging ITAT's order favoring SCI regarding TDS deduction u/s 195 on payment of Time Charter Hire to Non Residents and/ or applying 44B provisions to time charter payments to foreign ship owners. This matter is pertaining to Financial Year 2003-04 to 2005-06. The case was admitted in earlier year by the Hon'able Court and further hearing awaited.
13 SCI Vs Income Tax Department 25-Jan-2018 Name of the Court/Tribunal/Agency where litigation is filed - CIT(A) Amount involved/ claimed, if any & Expected financial implications, if any - Rs 4991 Lakhs The Company filed appeal in the matter of treatment of Sundry Receipts taxed as Business income, adjustment to turnover from core shipping for calculating excess income from incidental shipping resulting in increase in assessable income, disallowance of administrative expenses claimed against incidental shipping & Income from other sources (Interest and Dividend), income from rescindment of contract taxed as other Income, prior Period taxed as Business Income etc. This matter is pertaining to Financial Year 2014-15. Appeal is filed and hearing is awaited.
14 Income Tax Department Vs SCI 22-Nov-2023 Name of the Court/Tribunal/Agency where litigation is filed - Bombay High Court Amount involved/ claimed, if any & Expected financial implications, if any - Rs. 9389 Lakhs SCI received intimation on 28th November 2023 from the Income Tax department of filing of an appeal with Hon'able High Court challenging ITAT's order favoring SCI regarding Prior period adjustments, Additions made to sundry receipts, Adjusting turnover from core shipping by reducing sundry receipts and profit on sale of ships, Interest income forms part of core activity, THC receivable, Excess Provision written back, Reimbursment of overhead managed vessels included in core activity. This matter is pertaining to Financial Year 2007-08. Appeal is filed by the Income Tax Dept, hearing is awaited.
15 SCI Vs Deputy Commissioner of State Tax, (MUMBAI-LTU-520), LTU-2, Mumbai [Department Of Goods and Service Tax, Government of Maharashtra ] 30-Apr-2024 Name of the Court/Tribunal/Agency where litigation is filed - Hon'ble Bombay High Court The Company has received an order dated 12th June 2025 from the Joint Commissioner of State Tax (Appeal-VI), confirming a revised demand of Rs 23,07,46,351 (comprising a tax component of Rs 10,55,56,428 along with applicable interest and penalty), as against the original demand of Rs 76,19,89,910 (which included a tax component of Rs 34,85,77,270 along with interest and penalty). The Company has filed a WRIT petition in Hon'ble Bombay High Court.
16 SCI Vs Deputy Commissioner of State Tax, (Bandra-West_502:Santacruz :Mumbai_North_West), [Department Of Goods and Service Tax, Government of Maharashtra ] 28-Aug-2024 Name of the Court/Tribunal/Agency where litigation is filed Earlier- Joint Commissioner of State Tax (Appeal) The Company had filed an appeal against the order issued by the Deputy Commissioner of State Tax with the Joint Commissioner of State Tax (Appeal-IV), Mumbai. The Company has now received an order dated 11th March 2026 from the Joint Commissioner of State Tax (Appeal-VI), confirming a revised demand of Rs 60,06,97,357 (comprising a tax component of Rs 29,08,88,754 along with applicable interest and penalty), as against the original demand of Rs 1,60,37,35,973.00/- (including tax component of Rs 77,66,21,740 /- plus interest & penalty) . The said demand is mainly on account of Mismatch of Input Tax Credit (ITC) with GSTR-2A. The Company is in the process of filing an appeal with GSTAT within three months from the date of order receipt i.e. on or before 11.06.2026