Shipping Corporation Of India Limited (SCI) — Board Meeting Announcement
📢 Key Event
SCI fined ₹5.31 lakhs by BSE and NSE for board composition non-compliance
🔄 What Changed
₹5.31 lakhs penalty imposed
💡 Investor Takeaway
The fine is minor and does not affect SCI's operations or stock price significantly.
SCI disclosed a total fine of [amount not verified] ([amount not verified] each plus 18% GST) from BSE and NSE for non-compliance with board composition rules under SEBI Regulation 17(1), though the company states the penalty has no significant financial or operational impact and is coordinating with authorities for independent director appointments.
📄 View Original Announcement (PDF)
About Shipping Corporation Of India Limited (SCI)
Services · Transport Services · Listed on NSE
Market Cap: ₹15,436.58 Cr
P/E: 16.0
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.