Shipping Corporation Of India Limited — Others, 14-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

The Shipping Corporation of India (SCI) has secured a favorable outcome in a long-standing tax dispute. The CESTAT, Mumbai, dismissed the tax department's appeal concerning service tax on Demurrage Income. This positive development means SCI expects to reduce its contingent liabilities by approximately 146 crore. This amount comprises a principal demand of 49.44 crore and 96.56 crore in interest, previously disclosed in the company's financial statements. This resolution removes a significant financial overhang, improving the company's balance sheet clarity for investors.