Navaratna PSU disclosed the development through a filing to the exchanges on Saturday. It said that the action will not have any material impact on the financial, operational or other activities of the company.
On Friday, February 27, 2026, the Company received an email from the BSE and a notice from the National Stock Exchange for non-compliance with Regulation 17(1) of the SEBI Listing Regulations regarding composition of Board of Directors totaling Rs. A fine of 5,42,800 was levied.
Shares of the shipping corporation fell 1.8% on the NSE to Rs. closed at 263.47.
SCI operates oil tankers and product carriers that move crude oil from foreign suppliers to Indian refineries, making it strategically important for energy security. Its shares have returned 76% to investors over the past 12 months, significantly outperforming the Indian benchmark Nifty and BSE Sensex, which have returned 12% and 9% respectively over the same period, according to Trendlyne.
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Trendline data said the shares are currently trading at Rs. 233 and Rs. It is trading above its 50-day and 200-day simple moving averages of 226.
The company reported a staggering 440% jump in net profit in the third quarter of FY26. Net profit for the quarter rose to Rs. 405 crore, which is Rs. 75.52 crore is sharply higher than Rs.
Income from operations Rs. 1,612 crore, which was Rs. 1,316 crore, representing a growth of 22.5 percent, the company said in an exchange filing.
Tanker segment revenue grew 34% to Rs. 1,097 crore, while operating profit (earnings before interest and tax or EBIT) rose 389% year-on-year. The bulk carrier segment also registered strong growth, with revenues in the same quarter last fiscal at Rs. 147 crore to Rs. 237.51 crores.
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