The Shipping Corporation of India Ltd. (SCI) has officially announced a reconstitution of its Board of Directors following communication from the Ministry of Ports, Shipping and Waterways (MoPSW). Shri Mukesh Mangal, Additional Secretary at MoPSW, has been appointed as the new Government Nominee Director. Simultaneously, Shri R. Lakshmanan, Joint Secretary at MoPSW, has ceased to be a Part-time Director on the Board with immediate effect from February 23, 2026.
Key Board Appointments and Cessations
The Shipping Corporation of India Ltd. (SCI) has issued an official intimation regarding significant changes to its Board composition, effective February 23, 2026. This development follows formal communication received from the Ministry of Ports, Shipping and Waterways (MoPSW).
New Government Nominee Director Appointed
SCI confirms the approval for the appointment of Shri Mukesh Mangal, currently serving as Additional Secretary at the Ministry of Ports, Shipping and Waterways (MoPSW). Shri Mangal will assume the role of the Government Nominee Director on the Board of Directors of SCI. The company is undertaking the necessary formalities to complete the statutory requirements for this appointment in line with existing regulations.
Cessation of Existing Director
In the same communication, MoPSW notified SCI that Shri R. Lakshmanan, Joint Secretary at the Ministry, will cease to serve on the Board immediately. Consequently, Shri R. Lakshmanan has ceased to be the Part-time Director (Government Nominee Director) of SCI effective February 23, 2026. The event occurrence was officially noted at 1543 hours on the date of the announcement.
Compliance and Disclosure
The company affirmed that all requisite details regarding the appointment and cessation will be duly processed and informed in due course, adhering to the updated regulatory circulars concerning board governance and disclosure requirements.
Source: BSE
