Shipping Corporation of India Land and Assets Limited
Shipping Corp.of India Land & Assets is in the process of strategic disinvestment of its equity stake in Shipping Corporation of India Limited (SCI) together with transfer of management control. To facilitate disinvestment process of the Company in an effective, efficient and rapid manner and also to unlock the value of the business and the assets, it is found appropriate that the Non-core Assets of the Company, the…
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SCILAL was fined ₹0.96 Cr each by NSE and BSE for not complying with board composition requirements, including the appointment of a woman director. The Board acknowledged the issue, noting director appointments are pending with the administrative Ministry. SCILAL has requested a fine waiver.
Shipping Corporation of India Land and Assets (SCILAL) will hold its 05th Annual General Meeting. The company has declared a dividend of Re. 0.55 per equity share (5.50%).
SCILAL faces ~₹19.54 Lakhs in fines from NSE & BSE for Q3 FY26 board composition non-compliance. Being a PSU, director appointments rest with MoPSW, which is actively considering requests. SCILAL is seeking fine waivers.
SCILAL was fined ₹0.10 Cr each by NSE & BSE for non-compliance in board composition, including lack of a woman director and proper committees. Management states director appointments are handled by MoPSW and has sought fine waivers.
SCILAL faced fines totaling approx. ₹0.30 Cr from NSE/BSE for non-compliance on board composition, including independent and woman directors. The company attributed this to awaiting ministry appointments. Crucially, SCILAL secured a full waiver of these fines.