Shipping Corporation of India Land and Assets Ltd

Shipping Corporation of India Land and Assets Ltd (SCILAL) has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from July 1, 2026, until 48 hours after the declaration of the Unaudited Standalone Financial Results for the quarter ending June 30, 2026. During this period, designated persons and their immediate relatives are prohibited from trading in SCILAL's securities.

Shipping Corporation of India Land and Assets Ltd (SCILAL) has communicated to shareholders whose equity shares, allotted from a demerger scheme, remain uncredited. These shares are held in the Demat Unclaimed Securities Suspense Escrow Account due to closed beneficial owner accounts. Shareholders are requested to submit specific documents, including a request letter, Client Master List, PAN, and Aadhar card copies, by July 15, 2026, to claim their entitled shares. The company has uploaded a list of affected shareholders on its website. The RTA, Bigshare Services Pvt. Ltd., will handle the claims.

Shipping Corporation of India Land and Assets Ltd (SCILAL) has launched its second "Saksham Niveshak" campaign to encourage shareholders to update their KYC details and claim unpaid or unclaimed dividends. This initiative aims to prevent these funds from being transferred to the Investor Education and Protection Fund (IEPF) as per statutory requirements. Shareholders are advised to update PAN, contact details, bank information, and specimen signatures. Dividends are now paid exclusively through electronic modes, and shareholders holding shares in dematerialized or physical form are guided on how to update their details with Depository Participants or the Company's Registrar & Transfer Agent, Bigshare Services Private Limited.

Shipping Corporation of India Land and Assets Ltd (SCILAL) has been fined ₹9,55,800 each by BSE and NSE for non-compliance with regulations 17(1), 18(1), and 19(1)/19(2) during the quarter ended March 31, 2026. The non-compliance pertains to the composition of the Board, Audit Committee, and Nomination & Remuneration Committee. SCILAL is coordinating with the Competent Authority for the appointment of requisite Independent Directors and plans to request a waiver of the fine.

Shipping Corporation of India Land and Assets Limited (SCILAL) has announced the signing of a Memorandum of Understanding (MOU) between Shipping Corporation of India Limited (SCI) and NBCC (India) Limited. The MOU focuses on the upgradation, construction, and renovation of the infrastructure at the Maritime Training Institute in Powai, an asset owned by SCILAL. The event took place on May 6, 2026, at 1600 hours IST.

Shipping Corporation of India Land and Assets Ltd (SCILAL) has appointed M/s Amit Ray & Co. as its Internal Auditor for a two-year period effective April 1, 2026, with a possible one-year extension at SCILAL's discretion. This decision was based on the recommendation of the Audit Committee. The board also approved the audited standalone financial results for the quarter and financial year ended March 31, 2026, and recommended a dividend of ₹0.55 per equity share for FY 2025-26, subject to shareholder approval at the AGM.

Shipping Corporation of India Land and Assets Ltd (SCILAL) announced the approval of audited standalone financial results for the quarter and financial year ended March 31, 2026. The board has recommended a dividend of ₹0.55 per equity share (5.50%) for FY 2025-26, subject to shareholder approval. Additionally, M/s Amit Ray & Co. has been appointed as the Internal (External) Auditor for a two-year term starting April 1, 2026, with a possible one-year extension at SCILAL's discretion. The board meeting concluded at 1605 hours IST on May 5, 2026.

Shipping Corporation of India Land and Assets Ltd (SCILAL) announced that its Board of Directors has recommended a dividend of ₹0.55 per equity share (5.50%) for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved, the dividend will be paid within 30 days of its declaration at the AGM. The board also approved the audited standalone financial results for the quarter and financial year ended March 31, 2026, and appointed M/s Amit Ray & Co. as the Internal (External) Auditor for two years effective April 1, 2026.

The Board of Directors of Shipping Corporation of India Land and Assets Ltd (SCILAL) is scheduled to meet on May 5, 2026. The key agenda items for this meeting include the consideration and approval of the audited financial results for the quarter and fiscal year ended March 31, 2026. Additionally, the board will discuss and potentially recommend the payment of a final dividend on equity shares for the Financial Year 2025-26. In compliance with insider trading regulations, the trading window for the company's securities has been closed since April 1, 2026, and will remain closed until 48 hours after the declaration of the financial results.

Shipping Corporation of India Land and Assets Limited announced the cessation of Prof. (Dr.) K. Jayaprasad as a Non-Official (Independent) Director on its Board. His one-year tenure, which commenced on April 15, 2025, concluded on April 14, 2026. The appointment was previously approved by the Appointments Committee of the Cabinet based on recommendations from the Ministry of Ports, Shipping and Waterways. This change is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.