New Delhi: The Shipping Corporation of India Limited (SCI) has appointed Mr. Mukesh Mangal, Additional Secretary of the Ministry of Ports, Shipping and Waterways (MoPSW), as the Government Nominee Director on its Board, effective 23 February 2026. The Ministry conveyed the approval through letter No. SS-11025/1/2024-SU, following authorization by the Competent Authority.
Board Change at SCI
Mr. Mukesh Mangal’s appointment follows the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of changes in board composition for listed companies. SCI will complete all statutory formalities associated with this appointment, including necessary filings with stock exchanges and regulatory authorities.
At the same time, the Ministry announced that Mr. R. Lakshmanan, Joint Secretary, MoPSW, will cease to be the Government Nominee Director on SCI’s Board with immediate effect, marking the conclusion of his tenure.
Read also: Shipping Corporation of India Appoints Nitin Khamesra as Director (Finance) Following ACC Approval
About Mr. Mukesh Mangal
Mr. Mukesh Mangal currently serves as Additional Secretary in the Ministry of Ports, Shipping and Waterways, where he oversees policies and operations related to India’s ports, shipping, and maritime infrastructure. His presence on SCI’s Board is expected to:
- Provide strategic guidance to the corporation
- Strengthen government oversight
- Contribute to SCI’s growth and corporate governance
Strategic Importance of Government Nominee Directors
Government Nominee Directors play a vital role in aligning corporate operations with national maritime policies. Their presence ensures transparency, regulatory compliance, and effective coordination between SCI and government priorities.
About Shipping Corporation of India (SCI)
Shipping Corporation of India Limited (SCI) is India’s premier shipping company and a public sector enterprise under the Ministry of Ports, Shipping and Waterways. It operates a diversified fleet serving bulk carriers, tankers, container vessels, and offshore services, playing a crucial role in supporting India’s EXIM trade and maritime interests.
