On May 1, 2025, The Shipping Corporation of India Limited (SCI) made an official announcement regarding the retirement of Shri G. Vinod, General Manager I/c (Liner & Passenger Services), due to superannuation. His tenure with the company officially ended on April 30, 2025, at 11:59 PM, and his cessation from the senior management team took effect from May 1, 2025. The company provided this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shri G. Vinod had an extensive career in the shipping industry and had served in various capacities, contributing significantly to the operations of the company. His responsibilities included overseeing the liner and passenger services, and his leadership played a crucial role in ensuring the smooth functioning of these departments.

As part of the company's compliance with SEBI regulations, The Shipping Corporation of India has provided detailed information about the retirement, including the reason for the change and the effective date. This disclosure ensures transparency and upholds the company’s commitment to following corporate governance practices as mandated by SEBI. The retirement of a senior management figure like Shri G. Vinod marks a significant change within the organization, and SCI has acknowledged his contributions to the company.

Shri G. Vinod’s retirement due to superannuation is a natural transition, and the company expressed its gratitude for his years of service. The Shipping Corporation of India, a leader in the maritime sector, will continue its focus on delivering high-quality services and maintaining leadership in its field as it moves forward with its ongoing operations.

This change in the senior management team is in line with SCI's commitment to ensuring that it continues to meet the highest standards of corporate governance, and it will proceed to make any further appointments as necessary to strengthen its leadership structure.

As per SEBI regulations, this disclosure provides the necessary details related to the change in personnel, and the company has requested the stock exchanges, BSE and NSE, to take the necessary actions and update their records accordingly.

SCI remains committed to its goals of delivering excellence in maritime services and ensuring long-term growth, supported by a strong leadership team. The company’s future growth strategies will be aligned with these core principles, and it will continue to engage with stakeholders transparently regarding any further developments in senior management.

Disclaimer: This disclosure contains forward-looking statements that reflect the company’s current views with respect to future events and financial performance. Actual results may differ from those expressed or implied by these forward-looking statements due to various risks and uncertainties, including changes in market conditions and regulatory developments.

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