Shipping Corporation of India Land and Assets Limited — Others, 22-11-2024: Action(s) initiated or orders passed

SCILAL has received fines totaling ₹12,05,160 (including GST) from both BSE and NSE for non-compliance regarding its Board composition, including the absence of a woman director and other governance issues. However, the company believes these actions will not significantly impact its financial or operational activities. SCILAL is actively working to appoint the necessary Independent Directors to enhance compliance with SEBI regulations. This proactive approach could foster a positive outlook among investors as the company addresses governance standards, although it remains important to monitor ongoing developments for potential risks.