Shareholders meeting

Ref. No: A10-SEC- BD-808/76AGM Date: 23.09.2026 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, Bandra (East), Mumbai – 400001. Mumbai – 400051 Scrip Code: 523598 Trading Symbol: SCI Dear Sir / Madam, Sub: Proceedings of 76th Annual General Meeting held on 23rd September, 2026 Pursuant to Regulation 30 and Schedule III, Part A, Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 enclosed herewith are the proceedings of 76th Annual General Meeting of The Shipping Corporation of India Limited held on Wednesday, September 23, 2026 at 1200 hours IST through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) and concluded at 1320 hours IST. The proceedings of the AGM are also being uploaded on the Company’s website https://www.shipindia.com/. Submitted for your information. Kindly take the same on record. Thanking You, Yours faithfully, For The Shipping Corporation of India Limited Smt. Swapnita Vikas Yadav Company Secretary and Compliance Officer PROCEEDINGS OF 76th ANNUAL GENERAL MEETING A. DAY, DATE, TIME AND VENUE OF THE ANNUAL GENERAL MEETING: a) In compliance with relavent provisions/circulars/regulations of the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI), the 76th Annual General Meeting (“AGM”/ “Meeting”) of the Company was held on Wednesday, 23rd September, 2026 through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”). b) The Meeting commenced at 1200 hours IST and concluded at 1320 hours IST on the same day. c) The deemed venue for the AGM is the place from where the Chairman of the Company conducted the AGM being the Registered Office of the Company i.e., “Shipping House”, 245, Madame Cama Road, Mumbai – 400021. B. MANNER OF APPROVAL OF AGENDA ITEMS: a) Pursuant to the provisions of the Companies Act, 2013 and Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company had provided the remote e-voting facility to its Members from Saturday, 19th September, 2026 at 0900 hours IST to Tuesday, 22nd September, 2026 at 1700 hours IST, to cast votes electronically on all the resolutions set out in the Notice. b) Further, e-voting facility was made available during the AGM to the Members who were present at the Meeting through VC/ OAVM and who did not cast votes through remote e-voting and are otherwise not barred from doing so. C. BRIEF ABOUT THE COMPANY BY CHAIRMAN, QUORUM, COMPLIANCE REGARDING CALLING, CONVENING AND CONDUCTING THE MEETING ETC. a) Smt. Swapnita Vikas Yadav, Company Secretary and Compliance Officer of the Company informed that the requisite quorum was present to commence the Meeting (30 Members in terms of section 103 of the Companies Act, 2013). A total of 75 members attended the AGM through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). b) Capt. B. K. Tyagi, Chairman & Managing Director of the Company chaired the 76th AGM and called the AGM in order. c) The Chairman informed that like earlier years, the AGM for Financial Year 2025-26 is being conducted through VC/OAVM, without the physical presence of Members at a common venue. Participation of Members through video conferencing was being reckoned for the purpose of quorum as per the relevant circulars issued by MCA and Section 103 of the Companies Act, 2013. He further confirmed that this Meeting was called, convened and conducted in accordance with the circulars issued by Ministry of Corporate Affairs, Securities and Exchange Board of India (SEBI) as well as in compliance of the Companies Act, the Rules and Secretarial Standards made there under. d) The Chairman thereafter introduced Whole-time Directors, Company Secretary, Chief Financial Officer, Smt. Bharati Raman Gotarna (Chairperson of Audit Committee, Chairperson of Nomination and Remuneration Committee, Chairperson of Risk Management Committee and Chairperson of Stakeholders’ Relationship Committee) and Capt. P K Sahoo who attended the Meeting from ‘Deemed Venue’. He also introduced Shri. Mukesh Mangal (Additional Secretary, MoPSW and Government Nominee Director on the Board who attended as the Representative of President of India), Scrutinizer, Secretarial Auditor and Statutory Auditors who joined Meeting through VC/ OAVM platform. e) The Chairman, thereafter, stated that the Notice of the 76th AGM and the Annual Report for the Financial Year ended 31st March, 2026 was sent electronically to the shareholders whose email addresses are registered with Company or Registered & Transfer Agent or Depositories Participants, within the statutory timelines. He also informed that the Company has sent a letter to shareholders whose email addresses are not registered with the Company or Registered & Transfer Agent or Depository Participants, providing the web link including the exact path from where the annual report can be accessed on the Company's website. It was also informed that physical copies of the Annual Report have been sent to the members who have requested for the same. f) The Chairman, thereafter, stated that Members who are desirous to inspect the Register of Directors and Key Managerial Personnel and Shareholding, the Minutes book, or any other statutory books and records may send their request to Company Secretary at sci.cs@sci.co.in. He also informed that Members can view the Audited Financial Statements of the Company for the FY 2025-2026 on the website of the Company. g) The Chairman informed that, all necessary steps had been taken by the Company so that Members can attend and vote in a seamless manner. He also stated that the Company had kept the registration window open well before the scheduled time of AGM. He continued to inform that the Company had tied up with National Securities Depositories Limited (NSDL) to provide the facility of remote e-voting, for participation in the AGM through VC/OAVM platform and e-voting during AGM including any assistance thereof. h) The Chairman informed that remote e-voting commenced on Saturday, 19th September, 2026 at 0900 hours IST and ended on Tuesday , 22nd September, 2026 at 1700 hours IST. He further stated that those Shareholders, who could not avail the facility of remote e-voting and are eligible to vote, may cast their vote during the AGM and within 15 minutes from the conclusion of AGM. i) The Chairman also informed the Shareholders that the Company had appointed M/s Mehta and Mehta, Company Secretaries as Scrutinizer to scrutinize the entire e-voting process in a fair and transparent manner. Ms. Alifya Sapatwala (M. No. A24091), Partner represented M/s Mehta & Mehta, Company Secretaries in the 76th AGM. j) With the permission of the Shareholders, the Notice calling the Meeting was taken as read as it was circulated to all Shareholders of the Company within the statutory timeline. k) Company Secretary informed that the Company had received NIL comments from Statutory Auditors on the Financial Statements of FY 2025-26. Thereafter she read the Comments from CAG on the Standalone and Consolidated Financial Statements for FY 2025-26 which were related to disclosure requirements and management response thereto. She then read the observations/ qualifications in the Secretarial Auditors’ Report for FY 2025-2026 and the Managements Reply thereto as contained in the Annual Report sent to the Shareholders. l) The Chairman thereafter briefed the Shareholders on the prevailing global and Indian shipping market scenario, the impact of geopolitical developments on maritime trade and operations, shipping scenario and operations, the financial results for FY 2025-26 and the quarter one (1) of FY 2026-27, declaration and payment of interim dividends and recommendation of final dividend, fleet augmentation initiatives including acquisit [Showing first 8,000 characters — download PDF for full document]