In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, and SCILAL’s Policy for Determination of Materiality of Events / Information, Shipping Corporation of India Land and Assets has informed that the Company has received email from BSE dated 29.08.2025 and notice from National Stock Exchange of India vide email dated 29.08.2025, levying a total fine of Rs 10,93,860 each (Rs 9,27,000 each plus 18% GST) for following non-compliance during the quarter ended 30.06.2025. Following the appointment of Prof. (Dr.) K. Jayaprasad (DIN: 09585722) as Non-Official Independent Director on the Board of Shipping Corporation of India Land and Assets with effect from 15.04.2025, the Company has constituted all the statutory Board-level Committees, namely the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee, effective from the same date. While the Audit Committee and the Nomination and Remuneration Committee are yet to achieve full compliance with the applicable statutory requirements, the Company is in compliance with Regulation 20(2)/(2A) regarding the Stakeholders Relationship Committee and Regulation 21(2) regarding the Risk Management Committee, with effect from 15.04.2025. It may be noted that Shipping Corporation of India Land and Assets, being a Public Sector Undertaking (PSU) is coordinating with Competent Authority for appointment of requisite number of Independent Directors including woman Independent Director on its Board in accordance with aforementioned Regulations of SEBI (LODR) Regulations, 2015. The Company is in the process of submitting request letters for waiver of the said fine to both of these Stock Exchanges in this regard. 

The above information is a part of company’s filings submitted to BSE.