Change in Auditors

Ref: A10-SEC-BD-808/202/2026 Date: 09.09.2026 Listing Compliance Department The Manager - Listing Compliance BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’ C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai – 400001. Bandra (East), Mumbai – 400051 BSE Scrip Code – 523598 NSE Trading Symbol – SCI Sub: Appointment of Joint Statutory Auditor(s) for Financial Year 2026-27 Dear Sir/ Madam, Further to our communication dated 08.09.2026 and in compliance with the provisions of Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Master Circular dated 30th January 2026 and other relevant circulars, details of the newly appointed Auditors is as below: Name of Joint Statutory Auditors MUKUND M CHITALE & CO, MUMBAI S G C O & CO LLP, MUMBAI Reason for change Appointment Date of Appointment 08.09.2026 (i.e., date of receipt of Communication from Comptroller and Auditor General of India) Term of Appointment One Year i.e., Financial Year 2026-27 Brief profile M/s. MUKUND M CHITALE & CO - Annexure - A M/s. S G C O & CO LLP - Annexure - B Date and time of Occurrence of event: 09.09.2026 at 1400 Hours IST. Submitted for your information. Kindly take the same on your records. Thanking You, Yours faithfully, For The Shipping Corporation of India Limited Smt. Swapnita Vikas Yadav Company Secretary and Compliance Officer Firm Profile September 2026 QUALITY POLICY We are India’s 1st “We at Mukund M. Chitale & Co., functioning as a team of ISO 9001 certified professionals, commit ourselves to provide excellent services consistent firm with the needs of our clients and applicable regulatory requirements. Our quality policy We render our services with utmost competence, integrity, sets the way for confidentiality, timeliness and courteousness. every step of our journey We endeavour to enhance client satisfaction and add distinctive value to our services through continuous upgradation of our knowledge and skills. We strive to render services with a dignified approach that inspires and sustains an image of respectability and confidence about the quality of our services” MUKUND M. CHITALE & CO. 2 FIRM PROFILE - 52 years legacy - Audit driven Firm – 13 out of 17 partners focus exclusively on audits - 8 out of 17 partners have been with the Firm for minimum 15 years - CAs and Staff of around 200 people - Serve clients across India - Regulatory Interactions - Experience in audits of Foreign Banks, PSU Banks, Private Sector Banks, NBFCs, Insurance Companies and Mutual Funds MUKUND M. CHITALE & CO. FIRM STRUCTURE & SIZE Our firm has well ManagingPartner laid down structure with Partners (audits) Partners (taxation) Partners (consulting) definedchannels of reporting Managers Managers Managers We are a primarily AssistantManagers Assistant Managers Assistant Managers audit focussed firm with niche tax Sr.Executives Sr.Executives Sr.Executives support Auditstaff staff • 13 out of the 17 partners focus exclusively on audit services. These partners report to the Managing Partner. These are assisted by a team of qualified chartered accountants acting as Managers, Assistant Managers and senior executives. These are further supported by a team of semi-qualified andarticledstaff. • We have our head office at Mumbai with branches at Navi Mumbai and Pune. However, we provide services on a pan India basis. We serve our clients at locations as diverse as Mumbai, Pune, Kolkata, Delhi, Gurgaon, Bhopal, Jabalpur, Anand, Kolhapur, Ratnagiri, Thrissur amongst others. MUKUND M.CHITALE &CO. 4 HUMAN CAPITAL Weare • We are led by our Managing Partner. Our team consists of professionals with diverse backgrounds and educational qualifications. Our team includes chartered accountants, cost professionals led accountants,companysecretaries,MBAs,andcommercegraduates. by Partners who • Clientrelationship and servicedeliveryatourFirmis ledbyateamof17Partners. havebeen Name Postqualification Experience Otherqualifications associated with MukundChitale >50 years the Firm for a AbhayKamat >30 years LLB(Gen) significantperiod SubhashBhide >30 years of time SaurabhChitale >20 years DISA KavitaKanade >25 years DISA MinalKale >25 years DISA SushrutChitale >20 years ICWA,LLB(Gen),FAFD NileshJoshi >20 years DISA VaibhavChougule >15 years NishaYadav >15 years Avadhoot Gokhale >12 years Vishal Khedkar >12 years DISA,FAFD Shrirang Hardikar >10 years Vallabh Joshi >10 years Chayan Arein >10 years MUKUND Gauri Patil >10 years M.CHITALE Sagar Kulkarni >10 years DISA &CO. CUSTOMER PROFILE – SECTORS WE OPERATE IN Wehave • Infrastructure • Power experiencein – Transport – Powergeneration /Powerdistribution servicing clients in – Energy – Powerdistribution throughFranchisee a variety of – Social&commercial infrastructure • IT&ITES sectors. • Automobilesandautomotiveequipment – SoftwareproductsandServices • Financialservices – BPOs – Banking • Agricultureanddairyfarming We service listed/ – Microfinance • Engineering unlisted, – Nonbankingfinancialservices • Pharmaceuticals government / – MutualFunds • Consumerproducts private, and public – Housingfinance • NonGovernmentOrganisations(NGOs) equity backed • Insurance & charities companies • PrivateEquity – Lifeinsurance • RealEstate – Non-lifeinsurance • Healthcare • LogisticServices • Education and training(vocational, classroom • Infrastructure Investment Trusts (InvITs) and internet based) • Real Estate Investment Trust (REITs) • Mediaandentertainment MUKUND M.CHITALE &CO. 6 CUSTOMER PROFILE – CREDENTIALS Wehave Entities operatinginthefinancialsector – StatutoryCentralaudit(priorexperience) considerable • Banks – ReserveBankofIndia experiencein – Statutory Central audit(current) – StateBankofIndia auditing Banks, – AUSmallFinanceBank – Bank ofIndia NBFCs and other – Deutsche Bank(Indiabranches) – CSBBankLimited financial service – BNPParibas(Indiabranches) – UjjivanSmallFinanceBankLimited sector entities – SuryodaySmallFinanceBank – SaraswatCo-operative BankLimited – CosmosCo-opBank – SVCBank – Model Co-op Bank – CentralBankofIndia – TheKalyanJanataSahakriBank – LaxmiVilasBankLimited –(appointed byDBSBankattimeoftakeover) – Concurrent /internalAudit(current) – IDBIBankLimited – UnitySmallFinanceBankLimited(11 – VijayaBank Branches) – NationalHousingBank – NationalBankforFinancingInfrastructure – EXIMBankLimited andDevelopment – OtherServices – Concurrent /internal Audit (Prior – Forensic Audits for various banks (IBA Experience) empaneledfirm) – AxisBanklimited(CRSDepartment) – Training for employees of multinational – EXIMBankLimited Banks MUKUND – BankofIndia(Treasury) – Preparation of Revival plan for two M.CHITALE – CSBBankLimited (Treasury) Banks &CO. 7 – UCOBank –Integrated Treasuryaudit CUSTOMER PROFILE – CREDENTIALS Wehave Entities operatinginthefinancialsector – TataCleantechCapitalLimited considerable • NBFCs&OtherFinancial Servicesprovider – Electronica Finance Limited experiencein – Statutory Audit (current) – JMFinancialProductsPrivateLimited auditing Banks, – BajajHousingFinanceLimited – SBIGlobal FactorsLimited NBFCs and other – TruhomeFinanceLimited – OrigaLeasing PrivateLimited financial service – IKFFinanceLimited – ThePeerlessGeneralFinance& InvestmentCompanyLimited sector entities – UBSFinance(India)PrivateLimited – PeerlessFinancialServicesLimited – LendingkartFinanceLimited – CiticorpFinance(India)Limited – Internalaudit(PriorExperience) – NationalUrbanCooperativeFinanceand Development Corporation (NUCFDC) – Deposit InsuranceCreditGuarantee Corporationof India(DICGC) – LICHousing FinanceLimited – Statutory Audit (PriorExperience) – Mahindra&MahindraFinancialServices Limited – KotakMahindraPrimeLimited – IndiaFactoringServicesSolutionlimited – ICICIHomeFinanceLimited – MannapuramHousingFinanceLimited MUKUND M.CHITALE &CO. 8 CUSTOMER PROFILE – CREDENTIALS Wehave • Listedcompanies(current)–Otherthanfinancialsect [Showing first 8,000 characters — download PDF for full document]