Shipping Corporation of India MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 23 Sep 2026, 8 fund houses so far (houses' deadline to file 15 Oct 2026)

• To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors there on along with the Comments of the Comptroller and Auditor General of India (C&AG).MoreLess

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Non-Compliant Audit Committee. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.
  • DSP Mutual Fund, Jio BlackRock Mutual FundWe have relied upon the auditors’ report, which has raised emphasis of matter regarding, (i) geopolitical escalation in Middle East and restricted maritime movement through the Strait of Hormuz and few vessels of the company are awaiting clearance for transit; (ii) selection of the company for the Government of India’s strategic disinvestment process, which is currently in progress; (iii) and reconciliation and confirmation practices in respect of trade receivables, trade payables, deposits, and agent/vendor/customer balances, including the consequential impact on foreign exchange gain/loss, which management asserts would not have a material impact on the financial statements. We note that the auditors have highlighted certain issues related to the audit trail feature in the accounting software. Based on the auditors’ report, which is unqualified, the financial statements are in accordance with generally accepted accounting principles and Indian Accounting Standards (Ind AS). However, we raise concern that the company has not constituted an audit committee in line with regulations and does not have sufficient independent directors on the board, even while the accounts were finalized. In the absence of critical oversight provided by the audit committee, we are unable to support the resolution.
  • Edelweiss Mutual Fund, Navi Mutual FundUnqualified Financial Statements (except certain non-material remarks in CARO report). Governance concern: Non-Compliant Audit Committee. Absence of a compliant Audit Committee casts serious doubts over the integrity/ accuracy of the financial statements.

  3 for5 against
• To confirm the payments of 1st and 2nd Interim dividend of Rs 3.00/- per equity share and Rs. 3.50/- per equity share respectively and to approve and declare Final dividend of Re. 1.00/- per Equity Share of Rs. 10/- each for the Financial Year 2025-26.MoreLess

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance Concern is raised in adoption of financial statements of the Company under resolution #1, final dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. Sufficient funds available for payment of final dividend. Governance Concern is raised in adoption of financial statements of the Company under resolution #1, final dividend being appropriation post approval of accounts, cannot be paid if accounts are not voted FOR.

  5 for3 against
• To appoint a Director in place of Capt. Som Raj (DIN: 11046394) who retires by rotation at this meeting and being eligible, offers himself for re-appointment.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.

  5 for3 against
• To authorize the Board of Directors of the Company to decide and fix the remuneration of the Statutory Auditors appointed/ to be appointed by Comptroller & Auditor General of India (C&AG) for the Financial Year 2026-27, on the basis of recommendation of Audit Committee.MoreLess

  8 for0 against
• Appointment of Shri Nitin Khamesra (DIN: 09595247) as a Whole-Time Director (Finance) of the Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors. Further, the director holds three full-time positions. Such time commitments may hamper the ability to devote sufficient time towards the affairs of the Company.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointees. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors. Further, the director holds three full-time positions. Such time commitments may hamper the ability to devote sufficient time towards the affairs of the Company.

  5 for3 against
• Appointment of Shri Mukesh Mangal (DIN: 10460089) as a Government Nominee Director of the Company.

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • DSP Mutual Fund, Jio BlackRock Mutual FundMukesh Mangal, 57, is Additional Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), Government of India. He has over 31 years in internal security, cyber security and cyber-crime, telecommunication technology, lighthouses etc. Presently, he is heading DGLL, Shipping Unit, ALHW & Sagarmala Wing including development of National Maritime Heritage Complex in MoPSW. He attended both board meetings held in FY26 since his induction on 23 February 2026. While his appointment as Government Nominee Director is in line with the statutory requirements, we are unable to support his appointment to the board as the board composition is not compliant with the regulations on independent director representation. The board comprises seven directors of which only one is Independent. Only 14% of the board comprises Independent Directors as against the regulatory threshold of 50%: The Ministry of Ports, Shipping and Waterways must first address the board composition before appointing its nominees to the board. We do not support the resolution.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.

  3 for5 against
• Appointment of Capt. Chandran Durai Daniel (DIN: 11283179) as a Whole-Time Director (Bulk Carriers & Tankers) of the Company.

  ›Against Angel One Mutual Fund, Edelweiss Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed appointee. Governance concern: Board is non-compliant with the requirement of requisite number of Independent Directors.

  5 for3 against
• Appointment of Smt. Bharati Raman Gotarna (DIN:11902357) as a Non-official (Independent) Director of the Company.

  ›Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund

  • Angel One Mutual FundGovernance concern: Term of appointment is ambiguous and against spirit of the law.
  • DSP Mutual Fund, Jio BlackRock Mutual FundMs. Bharati Raman Gotarna, 46, is a Social Worker and Community Leader with over twelve years of grassroots engagements with residents and community groups in Kauncha and Dudhani. She holds degrees in Bachelor of Laws (LL.B.), Bachelor of Education (B.Ed.), andBachelor of Arts (B.A.). Given her experience as a social worker and community leader, it is unclear if she possesses the requisite skillset to effectively contribute to board deliberations of a listed company. Given the lack of clarity, we do not support the resolution.
  • Edelweiss Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance concern: Term of appointment is ambiguous and against spirit of the law.

  3 for5 against

Mutual fund votes, meeting of 19 Sep 2025, 14 fund houses

• To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board of Directors and the Auditors there on along with the Comments of the Comptroller and Auditor General of India (C&AG).MoreLess

  ›Against Mirae Asset Mutual Fund

  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)

  13 for1 against
• To approve and declare Dividend of Rs.6.59/- per Equity Share of Rs.10/- each for the Financial Year 2024-25.

  14 for0 against
• To appoint a Director in place of Rear Admiral Jaswinder Singh (DIN: 10104264) who retires by rotation at this meeting and being eligible, offers himself for re-appointment.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed appointees. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director
  • Nippon India Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number Independent Directors and Woman Director/ Woman Independent Director.

  7 for7 against
• To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors to be appointed by Comptroller & Auditor General of India (C&AG) for the Financial Year 2025-26,on the basis of recommendation of Audit Committee.MoreLess

  14 for0 against
• Appointment of Shri Satish Kumar Chawla (DIN: 09400987)as a Non-official (Independent) Director of the Company.

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous. Appointment as Independent Director for a period of only one year.
  • Axis Mutual Fund, Jio BlackRock Mutual FundSatish Kumar Chawla, 65, is a banking and management professional with over forty years of experience at Punjab National Bank, where he retired as General Manager in January 2020. He has also served as President of Sewa Bharti Haryana Pardesh and currently serves as Chairperson and Founding Director of Swarnim Bharatvarsh Foundation. He attended all four (100%) board meetings held in FY26 till the date of the notice since his induction on 11 April 2025. His appointment as Independent Director is in line with the statutory requirements. As per public sources, Satish Kumar Chawla has political affiliations that we believe, may unnecessarily politicise the decisions of the company and distract the management from its core focus. The company should have disclosed his political affiliation as part of the shareholder notice. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as good practice, the company should have sought approval within three months. We do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on the merits of Directors. Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law. Appointment as ID for a period of only one year.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Nippon India Mutual FundGovernance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law. Appointment as ID for a period of only one year.

  4 for10 against
• Appointment of Dr. Priya Sheel Hada (DIN: 09461439) as a Non-official (Independent) Director of the Company.

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous. Appointment as Independent Director for a period of only one year.
  • Axis Mutual Fund, Jio BlackRock Mutual FundDr. Priya Sheel Hada, 60, is a practicing General Physician and has been running Hada Hospital since 2000. He also serves as the Director of Hada Institute of Medical and Health Sciences. He holds an M.B.B.S. from J.L.N. Medical College, Ajmer, and a Post-Graduate Diploma in Mother and Child Health from the Medical Council of India. He attended all four (100%) board meetings held in FY26 till the date of the notice since his induction on 11 April 2025. His appointment as Independent Director is in line with the statutory requirements. As per public sources, Dr. Priya Sheel Hada has political affiliations that, we believe, may unnecessarily politicise the decisions of the company and distract the management from its core focus. The company should have disclosed his political affiliation as part of the shareholder notice. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as good practice, the company should have sought approval within three months. We do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on the merits of Directors. Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law. Appointment as ID for a period of only one year.
  • Nippon India Mutual FundGovernance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law. Appointment as ID for a period of only one year.

  5 for9 against
• Re-appointment of Shri Gulabbhai Lakhubhai Rohit (DIN: 08916645) as a Non-official (Independent) Director of the Company.

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundNo cooling-off period of 3 years post cessation of previous directorship, no consecutive terms between the two appointments. Governance concern: Delayed Shareholders’ approval.Term of appointment is ambiguous.
  • Axis Mutual Fund, Jio BlackRock Mutual FundGulab Rohit, 56, is an Income Tax Practitioner. He has over twenty-eight experience in accounting, taxation, auditing, portfolio management, industrial consultancy. He is also the Founder Director of Muktishrey Foundation, State President of Sant Guru Shri Ravidas Vishwamaha Peeth and President of Salute Tiranga. He served on the board as Independent Director from 22 November 2021 till 21 November 2024 and attended all four (100%) board meetings held in FY25 during his tenure. The company now proposes to reappoint him for a second term from 11 April 2025. He attended all four (100%) board meetings held in FY26 till the date of the notice. His reappointment as Independent Director is in line with the statutory requirements. As per public sources, Gulab Rohit has political affiliations that, we believe, may unnecessarily politicise the decisions of the company and distract the management from its core focus. The company should have disclosed his political affiliation as part of the shareholder notice. Further, while public sector enterprises are exempt from the requirement of seeking shareholder approval within three months of the appointment date, as good practice, the company should have sought approval within three months. We do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundNo concern on the merits of Director. Non-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorship, no consecutive terms between the two appointments. Governance concern: Delayed Shareholders’ approval. Term of appointment is ambiguous and against spirit of the law. Re-appointment as ID for a period of only one year.
  • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
  • Nippon India Mutual FundNon-Compliance with the Companies Act: No cooling-off period of 3 years post cessation of previous directorship, no consecutive terms between the two appointments.

  4 for10 against
• Appointment of M/s. Upendra Shukla & Associates, Company Secretaries as the Secretarial Auditors of the Company.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundTransparency Concern: The Company has not disclosed the audit fee paid to the outgoing Secretarial Auditors; therefore, material change in the audit fee, if any, cannot be ascertained.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: The Company has not disclosed the audit fee paid to the outgoing Secretarial Auditors; therefore, material change in the audit fee, if any, cannot be ascertained.
  • Nippon India Mutual FundNon disclosure of Proposed fee payable to Secretarial Auditors.

  7 for7 against
• Appointment of Capt. Som Raj (DIN: 11046394) as a Whole – Time Director (Personnel & Administration) of the Company.

  ›Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed appointees. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.
  • Nippon India Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number Independent Directors and Woman Director/ Woman Independent Director.

  7 for7 against
• Appointment of Shri Venkatesapathy S. (DIN: 07407879) as a Government Nominee Director of the Company.

  ›Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Jio BlackRock Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund

  • Angel One Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.
  • Axis Mutual Fund, Jio BlackRock Mutual FundVenkatesapathy S., 43, is a Kerala cadre IAS officer and the Joint Secretary (shipping) in the Ministry of Ports, Shipping and Waterways. He has previously served as the District Collector of Malappuram, Collector of Thiruvananthapuram and Managing Director of the Civil Supplies Corporation, Kerala Water Authority. He attended the one (100%) board meeting held in FY26 since his induction on 28 July 2025. While his appointment as Government Nominee Director is in line with the statutory requirements, we are unable to support his appointment to the board as the board composition is not compliant with the regulations on independent director representation. The board comprises nine directors of which three are Independent Directors. Only 33% of the board comprises Independent Directors as against the regulatory threshold of 50%: The Ministry of Ports, Shipping and Waterways must first address the board composition before appointing its nominees to the board. We do not support the resolution.
  • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundCompliant with law. No concern on the merits of the proposed appointee. Governance Concern: Board is non-compliant with the requirement of requisite number of Independent Directors & Woman Director/ Woman Independent Director.
  • Nippon India Mutual FundGovernance Concern: Board is non-compliant with the requirement of requisite number Independent Directors and Woman Director/ Woman Independent Director.

  5 for9 against

• Tax disputeSCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, MumbaiSince 4 May 2017
  Ongoing hearing, next date scheduled on 15.07.2026.
  At the filing before: Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 4182.92 lakhs (including penalty) plus applicable Interest Order dtd 23.11.2016 received in the matter of non payment of service tax on income received from hiring of vessels Harshavardhana & Ramanujam by A&N Administration under Supply of tangible goods (vessel) for the period Oct, 2009 to Sept,2015. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same and hearing is awaited.MoreLess
• Tax disputeSCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, MumbaiSince 28 Sep 2021
  Appeal is filed and hearing is awaited.
  At the filing before: Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 1012.84 lakhs (including penalty) plus applicable Interest Order dtd 21.06.2021 received in the matter of non payment of service tax on income received from hiring of vessels Harshavardhana & Ramanujam by A&N Administration under Supply of tangible goods (vessel) for the period Oct, 2015 to June,2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same and hearing is awaited.MoreLess
• Tax disputeSCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, MumbaiSince 24 Nov 2016
  The Company has received a favorable order in April 2025 from the Hon’ble CESTAT, Mumbai, in the referenced matter, wherein the earlier impugned order has been set aside. The Company has filed CAVEAT in Supreme Court of India, in the above mentioned case on 30.06.2025, vide filing number No.EK-SCIN01-08035-2025.MoreLess
  At the filing before: Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 3128.96 lakhs (including penalty) plus applicable Interest Order dtd 31.08.2016 received in the matter of non inclusion of the value of bunker / fuel charges and water charges in the assessable value for discharge of service tax for the period Oct,2009 to Sept,2014. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.MoreLess
• Tax disputeSCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, MumbaiSince 8 Jul 2021
  Appeal is filed and hearing is awaited.
  At the filing before: Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 402.67 lakhs (including penalty) plus applicable Interest Order dtd 24.03.2021 received in the matter of non-inclusion of the value of bunker / fuel charges and water charges in the assessable value for discharge of service tax for the period Oct,2014 to June,2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.MoreLess
• Tax disputeCommissioner of CGST & Central Excise, Mumbai Vs SCISince 10 Feb 2017
  The Company has received a favourable order from the Hon’ble CESTAT, Mumbai, in the referenced matter, with the Department’s appeal being dismissed. Accordingly, the Company expects a reduction of approximately Rs.146 crore, comprising the principal demand of Rs 49.44 crore and interest of Rs.96.56 crore (as of 30.06.2025), which had earlier been disclosed as a Contingent Liability in the Company’s Financial Statements. The Company has filed CAVEAT in Supreme Court of India, in the above mentioned case.MoreLess
  At the filing before: Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 4944.54 lakhs plus applicable Interest Order dated 03.10.2016 was received in favour of the Company for the period July, 2012 to Sept,2015 in the matter of service tax to be levied on Demurrage Income. The Department has filed appeal against the said order. Similar matter of different period of Rs 2416.51 lakhs is kept in abeyance by the department till this appeal attains finality.MoreLess
• Tax disputeSCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, MumbaiSince 30 Mar 2017
  The Company has received an order from the Hon’ble CESTAT, Mumbai, in the referenced matter, stating that the impugned order is set aside and the appeal is allowed by way of remand to the original authority for de novo adjudication of the matter. The matter had already been disclosed earlier as a Contingent Liability in the Company’s Financial Statements.MoreLess
  At the filing before: Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 38393.73 lakhs (including penalty) plus applicable Interest Order dated 29.11.2016 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2009 to Sep,2014. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.MoreLess
• Tax disputeSCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, MumbaiSince 5 May 2021
  Appeal is filed and hearing is awaited.
  At the filing before: Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 8194.67 lakhs (including penalty) plus applicable Interest Order dated 12.02.2021 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2014 to Sep, 2015. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.MoreLess
• Tax disputeSCI Vs Commissioner / Principal Commissioner of CGST & Central Excise, MumbaiSince 12 Aug 2022
  Appeal is filed and hearing is awaited.
  At the filing before: Name of the Court/Tribunal/Agency where litigation is filed - CESTAT, Mumbai Amount involved/ claimed, if any - Rs 7396.66 lakhs (including penalty) plus applicable Interest Order dated 18.05.2022 received in the matter of non payment of Service Tax in respect of services received from abroad and expenditure incurred in Foreign Currency under RCM for the period Oct, 2015 to June, 2017. Being aggrieved and dissatisfied with order issued, the Company has filed appeal against the same.MoreLess

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

No

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

No

The filing has a part on fines and penalties

No

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

No

The company's own answers in its filing.