The National Stock Exchange of India (NSE) has favorably considered the Shipping Corporation of India’s request for a waiver of fines. The fines were related to delays in compliance with various regulations. This decision by the exchange provides relief to the company and underscores its commitment to resolving past compliance issues. The announcement was made on September 23, 2025.
Favorable Decision on Waiver Request
The Shipping Corporation of India (SCI) has received communication from the National Stock Exchange of India (NSE) indicating a favorable decision regarding the company’s request for a waiver of fines. These fines were previously levied for delays in compliance pertaining to various regulatory requirements.
Details of the Waiver
The NSE, in its letter dated September 22, 2025, conveyed that SCI’s request for a waiver of fines has been positively considered. This decision provides a measure of relief to the company, allowing it to focus on strengthening its operational and financial performance. The original fines stemmed from delays in complying with specific reporting requirements, which have now been addressed.
Compliance Focus
SCI remains committed to ensuring full compliance with all applicable rules and regulations. The company views this waiver as a positive step and continues to prioritize adherence to the highest standards of corporate governance and regulatory reporting. This announcement was officially made on September 23, 2025, at 1825 hours IST.
List of Regulations for Which Fine Waiver was Granted
- 17 (2A)- Quorum for the Board Meeting (March 31, 2025)
- 18-Audit Committee (December 31, 2024, March 31, 2025, June 30, 2025)
- 19-Nomination and Remuneration Committee (December 31, 2024, March 31, 2025, June 30, 2025)
- 20 -Stakeholders Relationship Committee (December 31, 2024, March 31, 2025, June 30, 2025)
- 21- Risk Management Committee (December 31, 2024, March 31, 2025, June 30, 2025)
Source: BSE
