Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Shipping Corporation of India Limited

Meeting Details

The 76th Annual General Meeting was held on Wednesday, 23rd September 2026 at 1200 hours IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Proposed Resolutions and Implications

Eight resolutions were proposed for shareholder approval:

1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors, Auditors, and Comments of C&AG.

2. Ordinary Resolution: To confirm payments of 1st Interim dividend (₹3.00 per share) and 2nd Interim dividend (₹3.50 per share) and declare Final dividend (Re.1.00 per share) for FY 2025-26.

3. Ordinary Resolution: To reappoint Capt. Som Raj (DIN: 11046394) who retires by rotation.

4. Ordinary Resolution: To authorize Board to fix remuneration of Statutory Auditors appointed by C&AG for FY 2026-27 based on Audit Committee recommendation.

5. Ordinary Resolution: Appointment of Shri Nitin Khamesra (DIN: 09595247) as Whole-Time Director (Finance).

6. Ordinary Resolution: Appointment of Shri Mukesh Mangal (DIN: 10460089) as Government Nominee Director.

7. Ordinary Resolution: Appointment of Capt. Chandran Durai Daniel (DIN: 11283179) as Whole-Time Director (Bulk Carriers & Tankers).

8. Special Resolution: Appointment of Smt. Bharati Raman Gotarna (DIN: 11902357) as Non-official (Independent) Director.

Voting Process and Methods

The Company provided remote e-voting facility to members pursuant to Section 108 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014:

  • Remote e-voting period: Saturday, 19th September 2026 at 9:00 AM IST to Tuesday, 22nd September 2026 at 5:00 PM IST
  • Cut-off date for determining voting eligibility: Wednesday, 16th September 2026
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • The Company also provided e-voting facility during the AGM, kept open for 15 minutes after conclusion for members attending through VC/OAVM who had not voted remotely

Scrutinizer Appointment

M/s Mehta and Mehta, Company Secretaries was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting during the AGM. The scrutinizer was Alifya Sapatwala, Partner.

Key Voting Outcomes

Based on the consolidated scrutinizer's report dated 23.09.2026:

Overall Participation

  • Total shares outstanding: 4,657,990,010
  • Total shares voted: 3,360,634 (72.15% participation)

Resolution-wise Results:

Item 1: Adoption of Financial Statements

  • Votes in favour: 334,549,510 shares (99.55%)
  • Votes against: 1,513,903 shares (0.45%)
  • Result: PASSED

Item 2: Dividend Declaration

  • Votes in favour: 336,362,036 shares (99.83%)
  • Votes against: 566,821 shares (0.17%)
  • Result: PASSED

Item 3: Reappointment of Capt. Som Raj

  • Votes in favour: 310,423,510 shares (92.15%)
  • Votes against: 26,503,236 shares (7.87%)
  • Result: PASSED

Item 4: Auditor Remuneration Authorization

  • Votes in favour: 336,606,096 shares (99.90%)
  • Votes against: 340 shares (0.00%)
  • Result: PASSED

Item 5: Appointment of Nitin Khamesra

  • Votes in favour: 304,910,381 shares (90.50%)
  • Votes against: 32,016,315 shares (9.50%)
  • Result: PASSED

Item 6: Appointment of Mukesh Mangal

  • Votes in favour: 301,131,685 shares (89.38%)
  • Votes against: 35,795,013 shares (10.62%)
  • Result: PASSED

Item 7: Appointment of Chandran Durai Daniel

  • Votes in favour: 304,913,288 shares (90.35%)
  • Votes against: 32,013,308 shares (9.50%)
  • Result: PASSED

Item 8: Appointment of Bharati Raman Gotarna (Special Resolution)

  • Votes in favour: 306,503,827 shares (96.91%)
  • Votes against: 10,422,719 shares (3.09%)
  • Result: PASSED (votes in favour exceeded three times votes against)

Shareholder Category Breakdown:

The detailed voting results include breakdown by:

  • Promoter & Promoter Group
  • Public - Institutions
  • Public - Others

Scrutinizer's Findings and Conclusions

The scrutinizer confirmed that:

  • The e-voting process was conducted in a fair and transparent manner
  • Voting was restricted to making a consolidated report of votes cast for/against resolutions
  • Votes were unblocked from NSDL e-voting website in presence of two independent witnesses (Mr. Lucky Yaduwanshi and Mr. Pranay Rane)
  • All resolutions were passed with requisite majority

Compliance Confirmation

The disclosure confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA circulars including General Circular Nos. 14/2020, 17/2020, 20/2020, 09/2024, and 03/2025
  • Secretarial Standards on General Meetings (SS-2)

Additional Information

The notice of the 76th AGM was sent to members on 26th August 2026 through electronic mode to registered email addresses, and physical letters with web links were sent to shareholders without registered email addresses.