Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Shipping Corporation of India Land and Assets Limited ( (IN:SCILAL) ) has issued an update.
Shipping Corporation of India Land and Assets Limited disclosed that its board has reviewed fines imposed by the NSE and BSE for non-compliance with SEBI listing rules during the quarter ended 30 September 2025. The violations relate to an improper board composition, including the absence of independent and woman directors, as well as non-compliant audit and nomination committee structures.
The company said these governance gaps stem from delays in appointments, which as a public sector undertaking can only be made by the Ministry of Ports, Shipping and Waterways. SCILAL has requested the ministry to appoint the requisite independent and woman directors and has also asked the stock exchanges to waive the fines, highlighting both regulatory pressure on PSU board governance and the dependence on government action to meet listing norms.
More about Shipping Corporation of India Land and Assets Limited
Shipping Corporation of India Land and Assets Limited is a listed public sector undertaking focused on managing land and related assets carved out from the Shipping Corporation of India. The company operates under the administrative oversight of the Ministry of Ports, Shipping and Waterways and is subject to India’s listed company governance and disclosure regime.
Average Trading Volume: 28,564
Technical Sentiment Signal: Sell
Current Market Cap: 21.32B INR
Learn more about SCILAL stock on TipRanks’ Stock Analysis page.