The Shipping Corporation of India (SCI) has announced the appointment of R. Lakshmanan as a Part-time Government Nominee Director on its board, effective November 4, 2025. This decision was communicated by the Ministry of Ports, Shipping and Waterways (MoPSW) via email on the same date, indicating that Lakshmanan will replace Shri Venkatesapathy S., who has ceased to hold the position. The appointment is part of the ongoing efforts to ensure effective governance and oversight within the organization.

The transition in SCI’s leadership comes as a response to the need for updated representation on the board. Shri R. Lakshmanan, currently serving as Joint Secretary, is expected to bring his experience and expertise to the role. The company will undertake the necessary statutory formalities to formalize this appointment and will provide further details as required by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move is aimed at enhancing the strategic direction of SCI amid the evolving landscape of the shipping industry.

This change marks a significant step for SCI, which operates under the oversight of government authorities, reflecting the ongoing commitment to strong governance in state-owned enterprises. As the company prepares to implement this transition, stakeholders are encouraged to stay informed about future updates regarding governance and operational strategies. The announcement was officially submitted for record-keeping to both the BSE and NSE, with the SCI trading symbol being SCI and the BSE scrip code 523598.