The Navratna PSU informed about the development via a filing to the exchanges on Saturday. It said that the action will not have any significant impact on the company’s financial, operational, or other activities.
On Friday, February 27, 2026, the company received an email from BSE and a notice from the National Stock Exchange levying a total fine of Rs 5,42,800, each for non-compliance with Regulation 17(1) of Sebi Listing Regulations regarding the composition of the Board of Directors.
Shares of Shipping Corporation ended 1.8% lower on the NSE at Rs 263.47.
SCI operates oil tankers and product carriers that move crude oil from overseas suppliers to Indian refineries, making it strategically important for energy security. Its stock has rewarded investors with returns of 76% in the past 12 months, significantly outperforming the Indian benchmarks Nifty and the BSE Sensex, whose returns in the same period stand at 12% and 9%, respectively, according to Trendlyne.
The stock is currently trading above its 50-day and 200-day simple moving averages of Rs 233 and Rs 226, respectively, the Trendlyne data said.
The company reported a staggering 440% jump in net profit for the third quarter of FY26. Net profit for the quarter rose to Rs 405 crore, sharply higher than the Rs 75.52 crore reported in the corresponding quarter last year.Revenue from operations stood at Rs 1,612 crore, marking a 22.5% increase from Rs 1,316 crore in the year-ago period, the company said in an exchange filing.
The tanker segment led the performance, with revenue rising 34% to Rs 1,097 crore, while operating profit (earnings before interest and taxes, or EBIT) surged 389% year-on-year. The bulk carrier segment also posted strong growth, with revenue climbing to Rs 237.51 crore from Rs 147 crore in the corresponding quarter of the previous financial year.
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