On Friday, February 27, 2026, the company received an email from BSE and a notice from the National Stock Exchange imposing a penalty totaling Rs 5,42,800 each for non-compliance with Regulation 17(1) of Sebi Listing Regulations relating to 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 transport crude oil from foreign suppliers to Indian refineries, making it strategically important for energy security. The stock has rewarded investors with returns of 76% over the last 12 months, significantly outperforming Indian benchmarks Nifty and BSE Sensex, whose returns in the same period are 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, Trendlyne data said.
The company reported a staggering 440% increase 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, up 22.5% from Rs 1,316 crore in the same period last year, the company said in a stock exchange filing.
The tanker segment led the performance, with revenue up 34% to Rs 1,097 crore, while operating profit (earnings before interest and taxes, or EBIT) rose 389% year-on-year. The bulk carrier segment also posted strong growth, with revenue rising to Rs 237.51 crore from Rs 147 crore in the corresponding quarter of the previous fiscal.
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