The Shipping Corporation of India informs about disclosure

23 Nov 2024 Evaluate

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), as amended from time to time, and SCI’s Policy for Determination of Materiality of Events / Information, The Shipping Corporation of India has informed that: The Company has received email dated 21.11.2024 from BSE and notice from National Stock Exchange of India vide email dated 21.11.2024, levying fine of Rs. 5,42,800/- each (Rs. 4,60,000 each plus 18% GST) for non-compliance with Regulation 17(1) of SEBI Listing Regulations with respect to Composition of Board of Directors. The action does not have significant impact on financial, operation or other activities of the Company, quantifiable in monetary terms to the extent possible. It may be noted that the company (‘SCI’), being a Navratna Public Sector Undertaking (PSU) is coordinating with Competent Authority for appointment of requisite number of Independent Directors on its Board. The Company is in the process of submitting request letters to both of these Stock Exchanges in this regard. Date and time of occurrence of event: 21.11.2024 at 2314 hours IST.

The above information is a part of company’s filings submitted to BSE.

Shipping Corpn. Share Price

210.00 1.00 (0.48%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 210.00
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