Updates

Ref: A10-SEC-BD-808/202/2026 Date: 31.08.2026 The Manager - Listing Compliance National Stock Exchange of India Limited ‘Exchange Plaza’ C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 NSE Trading Symbol- SCI Sub: Board comments on fine levied by the Exchange Ref: Notice ref no. NSE/LIST-SOP/COMB/FINES/0611 received vide email dated 27.05.2026 reg. Notice for non-compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/ Madam, We wish to inform that as required by NSE, the subject matter of non – compliance with various Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertaining to Composition of Board for the quarter ended March 31st, 2026 and subsequent actions taken by BSE and NSE was placed before Board of Directors of the Company at the subsequent meeting held on 06.08.2026. The Board of Directors had discussed and taken note of the matter of Non-compliance. The Comments made by the Board of Directors are reproduced below: Quote 1. The Company Secretary informed the Board that during Q1 of FY 2026-27, National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) have issued notices imposing fine amounting to Rs.5,31,000/- (inclusive of 18% GST) each for non-compliance with the requirements as mentioned in the Regulations 17(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the Quarter 4 of FY 2025-26. 2. The Board noted that SCI being a Public Sector Undertaking, only the Administrative Ministry i.e. MoPSW has the power to appoint/ remove/ change the Directors on the Board of the Company. 3. The Board noted the waiver request letters sent to NSE and BSE via email dated 29.05.2026. Further, Board took note of the subsequent actions took by the Company under SEBI Listing Regulations, 2015, with regards to making the disclosures to Stock Exchanges and consistent request to Ministry of Ports, Shipping and Waterways to appoint requisite number of Independent Directors including a Women Independent Director on the Board of the Company. Unquote Please note that the Company has also sent a request letters dated 29.05.2026 to both the Stock Exchanges to waive-off the fines levied till date. 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 NSE/LIST-SOP/COMB/FINES/0611 May 27, 2026 The Company Secretary Shipping Corporation Of India Limited Dear Sir/Madam, Subject: Notice for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Your attention is drawn towards SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“Master Circular”) issued on July 11, 2023 and last updated on January 30, 2026 (hereinafter referred to as "Master Circular"), specifying Standard Operating Procedure for imposing fines and suspension of trading in case of non-compliance with the Listing Regulations. On verification of the Exchange records, it has been observed that your Company has not complied/delayed complied with certain Listing Regulation(s). The details of non-compliance(s)/delayed compliance(s), total fine payable by your Company and the particulars about manner in which fine should be remitted to the Exchange is enclosed as Annexure. You are requested to ensure compliance with respective regulation(s) and make the payment of fines within 15 days from the date of this notice. The Company upon receipt of this review notice, may file the waiver request. Below are the parameters for filing the application for waiver: a) Waiver applications sent via mail is not considered. The Company is requested to submit waiver application on the below mentioned path: NEAPS>>Compliance>>Fine Waiver>>Waiver Request. b) Detailed submission indicating reasons for waiver, mentioning whether it intends to seek personal hearing before the concerned Committee. c) Further, compliance is a pre-requisite for applying for waiver. Thus, waiver application of the non-complied Companies will not be processed without achieving the compliance. d) In case the Company is non-complaint under multiple regulations, the Company is advised to file a single application mentioning the details of all the respective regulations and quarters for which the Company intends to apply for waiver. e) Non-refundable Processing fees for an amount of Rs.10,000 plus 18% GST to be paid to the designated Exchange, (as segregated between the Exchanges as per the policy for waiver of fines) only if the fine amount is more than Rs. 5,000/- exclusive of GST. However, before filing an application for waiver of fines, you are requested to refer to the below policy available on the Exchange’s website. For ready reference you may refer below link: Policy on processing of waiver application: https://nsearchives.nseindia.com//web/circular/2026- 01/Policy_for_waiver_of_fines_Final1_20260113193131.pdf Further, as per Master Circular, your Company is also required to ensure that the said non-compliance which has been identified by the Exchange and subsequent action taken by the Exchange in this regard shall be placed before the Board in the next Board Meeting and comments made by the Board shall be duly informed to the Exchange at the below mentioned path in NEAPS portal along with this letter for dissemination having the announcement text as 'Board comments on fine levied by the Exchange'. Path: NEAPS > COMPLIANCE > Announcements > Announcements/ CA (Subject: Updates) In case of any clarification, you may send an email on listingsop@nse.co.in or contact any of the below mentioned Exchange Officers from Listing Compliance Department: Ms. Madhu Kadam Ms. Harshita Chaubal Ms. Duhita Dhure Ms. Suman Lahoti Ms. Chanchal Daga (Waiver request) Ms. Sweety Mamodia (Waiver request) Yours faithfully, For National Stock Exchange of India Limited Sonam Yadav Manager Annexure Fine amount per day No. of days of non- Fine Regulation Quarter (Rs.) / Fine amount per compliance / No. of amount instance (Rs.) instance(s) (Rs.) REGULATION 31-Mar- 5000 90 450000 17(1) 2026 Total Fine 450000 GST @18% 81000 Total Fine Payable (Inclusive of GST) 531000* * In case the Company is non-compliant as on the date of this letter then fine amount will keep on increasing every day till the date compliance is achieved. Notes: • If the fine amount is paid before receipt of this letter then inform the Exchange accordingly. • Please update the payment details on below mentioned path: NEAPS > Payment > SOP Fine Payment. • The above payment may be made vide RTGS / NEFT / Net Banking favouring 'National Stock Exchange of India Limited'. The bank details towards the payment of fine are as follows: BENEFICIARY NATIONAL STOCK EXCHANGE OF INDIA LIMITED NAME BANK NAME IDBI BANK LTD Please refer Unique Account Code used for making Annual Listing A/C NO fees to the Exchange BRANCH BANDRA KURLA COMPLEX, MUMBAI RTGS/IFSC CODE IBKL0001000 • The fine paid as mentioned above will be credited to IPFT as envisaged in the circular.