SCI Board Comments on NSE Fine for Non-Compliance
Shipping Corporation of India (SCI) faced fines from the NSE for non-compliance with SEBI's Listing Obligations and Disclosure Requirements, specifically regarding the composition of the Board and statutory committees for the quarter ended June 30, 2025. The total fine was ₹756,380 inclusive of GST. SCI submitted a waiver application with a payment of ₹10,000 (plus 18% GST) to NSE, which was accepted. The Board noted the continued non-compliance regarding the requisite number of Independent Directors and has requested the Ministry of Ports, Shipping and Waterways to appoint them.
முக்கிய அம்சங்கள்
Total fine levied by NSE: ₹756,380 (inclusive of 18% GST)
Waiver application fee paid to NSE: ₹10,000 (plus 18% GST)
Non-compliance period considered for fines: Quarter ended June 30, 2025
Fine for non-compliance with Regulation 17: ₹5000 per day for 91 days
Fine for non-compliance with Regulation 18(1): ₹2000 per day for 24 days
👀 கவனிக்க வேண்டியவை
Investors should monitor SCI's progress in appointing the required Independent Directors, as continued non-compliance could lead to further penalties. Keep an eye on updates from the Ministry of Ports, Shipping and Waterways regarding board appointments.
