Shipping Corporation of India Land and Assets Limited — Others, 18-04-2025: Disclosure under SEBI Takeover Regulations

Shipping Corporation of India Land and Assets Limited has provided a compliance update under SEBI’s SAST Regulations for the financial year ending March 31, 2025. The company has submitted the requisite disclosures to the NSE, clarifying that its promoter, the President of India, does not possess a PAN number. As of March 31, 2025, the promoter holds 29.69 crore (cr) shares, representing 63.75% of the company. This transparency is likely to reassure investors of regulatory commitments, maintaining a stable sentiment in the market amidst ongoing compliance challenges.