Shipping Corporation Of India Limited — Others, 26-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

The Shipping Corporation of India (SCI) has received an order from CESTAT, Mumbai, regarding its appeal against a service tax liability. The tribunal set aside the previous order concerning service tax demands, including penalties, totaling 383.94 crore. The case has been sent back to the original authority for fresh adjudication. This matter was previously recognized as a contingent liability in SCI's financial statements, and this development provides a fresh opportunity for the company to address the claim.