Shipping Corporation of India Land and Assets Limited — Important, 03-06-2025: Updates

Shipping Corporation of India Land and Assets Limited was fined Rs. 14.23 lakh each by NSE and BSE for lacking independent and woman directors and incomplete statutory committees in Q3 FY25. The Board is awaiting Administrative Ministry approval for key appointments. An independent director has been appointed, allowing some committee formation, but full compliance is pending. The company has requested exemption from these fines.