The Board of Directors of Shipping Corporation of India Land and Assets Limited (SCILAL) met on May 5, 2026, to approve the audited standalone financial results for the quarter and financial year ended March 31, 2026. The board announced a net loss of ₹84 lakhs for the final quarter, a significant shift from the profit of ₹1,113 lakhs reported in the previous quarter ending December 31, 2025. Revenue from operations for the current quarter stood at ₹581 lakhs, representing a 2.83% increase from the previous quarter and a 19.06% increase from the corresponding quarter last year. Profitability was impacted by a sharp rise in total expenses, which jumped to ₹2,712 lakhs in Q4 from ₹1,116 lakhs in Q3. Additionally, the board has recommended a dividend of ₹0.55 per equity share (5.50%) for the financial year 2025-26, pending shareholder approval.

Shipping Corporation of India Land and Assets Limited (SCILAL) is a Government of India Enterprise involved in managing and developing real estate and non-core assets. The company operates through two primary segments: the Maritime Training Institute (MTI), which generates income through training fees, and the “Others” segment, which manages investment properties, including rent and interest income. Registered in Mumbai, the firm was incorporated to hold and unlock the value of land and building assets originally associated with the Shipping Corporation of India. In its latest strategic move, the board approved the appointment of M/s Amit Ray & Co. as the Internal Auditor for a two-year term starting April 1, 2026.