Change in Statutory Auditors – The Shipping Corporation of India Limited

Outgoing Auditor

Not Specified

Replacement Appointed

Name of the New Audit Firms:

  • MUKUND M CHITALE & CO, MUMBAI
  • S G C O & CO LLP, MUMBAI

Reason for Change: Appointment

Date of Appointment: 08.09.2026 (date of receipt of Communication from Comptroller and Auditor General of India)

Term of Appointment: One Year i.e., Financial Year 2026-27

Interim Appointment or Subject to Shareholder Approval: Not Specified

Regulatory Compliance Statement

Compliance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Master Circular dated 30th January 2026 and other relevant circulars.

Date and time of Occurrence of event: 09.09.2026 at 1400 Hours IST

Board / Committee Meeting Details

Not Specified

Annexures / Firm Profiles

MUKUND M CHITALE & CO Profile:

  • 52 years legacy firm with audit-focused practice (13 out of 17 partners focus exclusively on audits)
  • 8 out of 17 partners have been with the Firm for minimum 15 years
  • Approximately 200 CAs and staff
  • Head office in Mumbai with branches at Navi Mumbai and Pune
  • Services clients across India including Mumbai, Pune, Kolkata, Delhi, Gurgaon, Bhopal, Jabalpur, Anand, Kolhapur, Ratnagiri, Thrissur
  • Extensive experience in audits of Foreign Banks, PSU Banks, Private Sector Banks, NBFCs, Insurance Companies and Mutual Funds
  • Current clients include AU Small Finance Bank, Deutsche Bank (India branches), BNP Paribas (India branches), Suryoday Small Finance Bank
  • Prior experience includes Reserve Bank of India, State Bank of India, Bank of India, CSB Bank Limited
  • Also serves listed companies including Shemaroo Entertainment Limited, Hindustan Construction Company Limited, Batliboi Limited

S G C O & CO LLP Profile:

  • Established in 1992 with 12 partners and 300+ team members
  • Category-I Firm recognized among Top 100 Accounting Firms in India
  • Offices in Mumbai (HQ), New Delhi, and Jaipur
  • RBI Unique Code 063656 – Category I
  • Peer reviewed by ICAI
  • IBA Empanelment 063656 (2022–25)
  • AQMM Level 4
  • CAG Registration BOO635 – Category I
  • Global CAATs – IDEA & Auditor Desk
  • Strong tax litigation credentials
  • Dedicated IGAAP→Ind AS/IFRS team (Dip-IFRS, ACCA UK)
  • Leadership team includes professionals with 30+ years experience in taxation, IFRS, Ind AS, Company Law, and financial due diligence

Other Corporate Information

Quality Policy statement included for MUKUND M CHITALE & CO emphasizing commitment to excellent services, competence, integrity, confidentiality, timeliness, and courteousness.