It is hereby informed that the BSE Limited and National Stock Exchange of India Limited have issued Observation letters dated 02nd March, 2022 confirming their 'No adverse Observation' and 'No Objection' respectively to the Scheme of Arrangement referred above as required under Regulation 37 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on your records. We wish to inform you that at the meeting of Board of Directors of the company held on 06.05.2022, the Board has approved certain modifications in the Scheme of Arrangement for Demerger of Non -core assets of Shipping Corporation of India Ltd into Shipping Corporation of India Land and Assets Ltd. The said modification is subject to approval of Ministry of Ports, Shipping and Waterways (MoPSW) and DIPAM. The modified scheme of arrangement will be submitted to your good office upon the confirmation on said modification by Ministry of Ports, Shipping and Waterways (MoPSW) and DIPAM. The said changes will not impact the Share Entitlement ratio and other major terms and conditions of the Scheme of Arrangement for the Shareholders. This is for your information and records. Thanking You. (As Per Bse Announcement Dated on 09.05.2022) With reference to the above captioned subject and in continuation of our earlier communication made to your good office on 09th May, 2022 wherein the Board of Directors of the Company had approved certain modifications in the above referred Scheme which was subject to the approval of Ministry of Ports, Shipping and Waterways (MoPSW) and DIPAM.It is hereby informed that the Company has received requisite approval from both the said authorities i.e. (MoPSW) and DIPAM vide their letter dated 24th May, 2022 and 17th May, 2022 respectively. Further, the modifications in the Scheme of Arrangement for Demerger was approved by the Board of Directors of Shipping Corporation of India Land and Assets Limited (Resulting Company) at their Meeting held on 25th May, 2022. The modified Scheme of Arrangement is enclosed herewith for your necessary records as (Annexure- 1). (As Per BSE Announcement Dated on 25.05.2022) This is in reference to our earlier disclosures dated 04.08.2021, 17.11.2021, 09.05.2022 and 25.05.2022 under Regulation 30 of the SEBI (LODR) intimating the approvals of the Board of Directors of SCI and SCILAL taken w.r.t. the proposed Scheme of Arrangement for Demerger of Non-Core Assets ('Demerged Undertaking') of Demerged Company into Resulting Company ('Scheme of Arrangement') and in accordance with the approval of board of directors of SCI and SCILAL for the modifications carried out in the said Scheme of Arrangement as per the directions of the Competent Authorities. This is to further inform you that MCA has passed an order .In the said order, MCA has issued directions to the Company for convening the meetings of its Equity Shareholders, all the Secured Creditors of the Demerged Company as on 31.12.2021 and Unsecured Creditors whose outstanding debt is of value more than rupees ten (10) lakhs as on 31.12.2021 for approving the aforementioned Scheme of Arrangement. (As Per BSE Announcement dated on 02.09.2022) Shipping Corporation Of India Limited has informed the Exchange about an Update on Scheme of Arrangement for Demerger of Non-Core Assets ('Demerged Undertaking') of Shipping Corporation of India Limited ('SCI'/'Demerged Company') into Shipping Corporation of India Land and Assets Limited ('Resulting Company') ('Scheme') (As Per BSE Announcement Dated on 17/12/2022) Shipping Corporation Of India Limited has informed the Exchange about the Copy of Newspaper Publication reg. - Notice of hearing of Petition in connection with Scheme of Arrangement for Demerger of Non-Core Assets ('Demerged Undertaking') of Shipping Corporation of India Limited ('SCI'/'Demerged Company') into Shipping Corporation of India Land and Assets Limited ('Resulting Company') ('Scheme') (As Per BSE Announcement dated on 19.12.2022) Shipping Corporation Of India Limited has informed the Exchange about Update on Scheme of Arrangement (As per BSE Announcement Dated on 12/01/2023) With reference to the above captioned subject, We wish to inform that the Ministry of Corporate Affairs (MCA) vide its order dated 22nd February, 2023 received today on Thursday, 23rd February, 2023 via email, has sanctioned the Scheme of Arrangement for Demerger of Non-Core Assets ('Demerged Undertaking') of Shipping Corporation of India Limited ('SCI'/'Demerged Company') into Shipping Corporation of India Land and Assets Limited ('Resulting Company') ('Scheme of Arrangement'), under sections 230 - 232 of the Companies Act, 2013. (As Per BSE Announcement Dated on 23.02.2023) Shipping Corporation of India Limited has informed the Exchange that both the Demerged Company (''SCI'') as well as Resulting Company (''SCILAL'') has filed the E-Form INC-28 with the Registrar of Companies, Mumbai. Hence, pursuant to clause 1.6 of Chapter - 1 of the Scheme read with the provisions of Sections 230 - 232 of the Companies Act, 2013, the effective date would be 14th March, 2023 being the date on which the certified copy of the order(s) of the Ministry of Corporate Affairs sanctioning the said Scheme was filed with the Registrar of Companies by every Company in relation to which the order was made. (As Per BSE Announcement dated on 15.03.2023) The Board at its Meeting held today has fixed the record date as 31.03.2023 Shipping Corporation Of India Limited has informed the Exchange that Record date for the purpose of Demerger is 31-Mar-2023. (As Per BSE Announcement dated on 20.03.2023) Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (for Demerger) as approved vide Order passed by the Hon'ble Ministry of Corporate Affairs, Government of India, Shipping Corporation Of India Ltd (SCI) has fixed Record Date for the purpose of ascertaining the list of eligible shareholders of SCI for allotment of Equity Shares by Shipping Corporation of India Land and Assets Limited, as per details given below: - COMPANY NAME CODE Shipping Corporation Of India Ltd (523598) RECORD DATE 31.03.2023 PURPOSE As per Scheme of Arrangement for Demerger sanctioned by the Hon'ble Ministry of Corporate Affairs, Government of India, between, Shipping Corporation Of India Ltd (Demerged Company) and Shipping Corporation of India Land and Assets Limited (Resulting Company) : - Upon the effectiveness of the Scheme and in consideration of the transfer of Non-Core Assets of Shipping Corporation Of India Ltd and vesting thereof in Shipping Corporation of India Land and Assets Limited ; Shipping Corporation of India Land and Assets Limited shall issue and allot Equity Shares to the shareholders of Shipping Corporation Of India Ltd in the following proportion: '1 (One) Fully Paid-up Equity Share of the Face Value of Rs.10/- each of Shipping Corporation of India Land and Assets Limited shall be issued and alloted for every 1 (One) Fully Paid-Up Equity share of Rs.10/- each held in Shipping Corporation Of India Ltd'. EX-ENTITLEMENT FROM DATE & SETT. NO. 31/03/2023 DR-001/2023-2024 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated November 2, 2010, Trading members are hereby informed that the trading in the Equity Shares of the aforesaid Company shall be transferred from A' group to T' group w.e.f. 31st March, 2023, and Pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on 31st March, 2023. Subject to compliance with requisite formalities, the shares of Resulting Company i.e., Shipping Corporation of India Land and Assets Limited will be listed on BSE Limited. (As Per BSE Notice Dated on 28.03.2023) Scheme of Demerger - Intimation Of Cost Of Acquisition Ratio As Per Income Tax Act,1961 to Shareholders on Account of Demerger between Shipping Corporation of India Limited and Shipping Corporation of India Land and Assets Limited - Reg. (As per BSE Announcement Dated on 12/05/2023) SCI : Shipping Corporation of India Limited has informed the Exchange about Update on Scheme of Arrangement - Approval received from the Governement of West Bengal to remit 100% of Stamp Duty for the transfer of Non-Core Assets of Shipping Corporation of India Limited at Kolkata to Shipping Corporation of India Land and Assets Limited (SCILAL) - reg. (As Per BSE Announcement Dated on 14.09.2023) Shipping Corporation of India Limited has informed about Update on Scheme of Arrangement for Demerger of Non-Core Assets ('Demerged Undertaking') of Shipping Corporation of India Limited (''SCI''/''Demerged Company '') into Shipping Corporation of India Land and Assets Limited (''Resulting Company'') (As Per BSE Announcement dated on 13.10.2023) Shipping Corporation of India Limited has informed the exchange about update on Scheme of Arrangement for Demerger of Non-Core Assets ('''Demerged Undertaking '''') of Shipping Corporation of India Limited (''SCI''/ ''Demerged Company'') into Shipping Corporation of India Land and Assets Limited (''Resulting Company'') (As Per BSE Announcement Dated on 23.11.2023) Update on Scheme of Arrangment for Demerger of Non- Core Assets ('Demerged Undertaking') of Shipping Corporation of India Limited (''SCI''/ 'Demerged Company') into Shipping Corporation of India Land And Assets Limited (''Resulting Company'') (''Scheme''). (As per BSE Announcement Dated on 22/03/2024)