Shipping Corporation Of India Limited — Others, 15-04-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

The Shipping Corporation of India Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company is currently involved in litigation with the Income Tax Department, which has filed an appeal with the Bombay High Court challenging a favorable ITAT order regarding prior period adjustments and sundry receipts from core activities. This case relates to financial impacts dating back to FY 2007-08. Meanwhile, SCI has received an income tax refund of ₹57.27 crore, including interest, reflecting a positive outcome in the ongoing dispute. Investors may view the IRS refund positively as it improves cash flow, though the ongoing litigation presents a potential risk.