Dividend Alert! Navratna PSU SCI Declares Rs 163 Cr Payout; Here’s What Investors Need To Know
Business
Founded in 1961 and based in Mumbai, the Shipping Corporation of India (SCI) is a leading Navratna public sector enterprise in India. The PSU company has revealed a fresh dividend payout for its shareholders. The PSU shipping giant stated in a regulatory filing that a second interim dividend of Rs 3.5 per equity share (35%) for FY26 has been authorized by the board. This payout would have an outflow of about Rs. 163.03 crores.
Shipping Corporation of India Dividend Record Date
“The Board has also fixed Tuesday, 17th February 2026 as the “Record Date” for the purpose of ascertaining the eligibility of shareholders for payment of Second Interim Dividend. The said Second Interim Dividend would be paid within 30 days from the date of its declaration,” Shipping Corporation of India confirmed in a regulatory filing.
Note For Shareholders
“Shareholder(s) are kindly requested to update/ submit details for TDS on dividend to Registrar and Transfer Agent of the Company viz. Alankit Assignments Limited at [email protected] on or before Tuesday, 17th February 2026. No communication on the tax determination/deduction of tax at lower rates shall be entertained after Tuesday, 17th February 2026. It is further informed that in case tax on dividend is deducted at a higher rate in the absence of requisite details/ documents, refund of the excess tax paid may still be claimed by shareholders at the time of filing of income tax return. However, no claim shall lie against the Company for such taxes deducted. Further, shareholders will be able to see the credit of TDS in Form 26AS, which can be downloaded from their e-filing account at Income Tax portal,” Shipping Corporation of India has confirmed in a statement.
Shipping Corporation of India Q3 Results
The company’s Q3 net profit increased by 436% to Rs 404.97 crore in Q3FY26 from Rs 75.52 crore in Q3FY25. For the quarter ending December 31, 2025, revenue from operations increased 22.5% YoY to Rs 1,611.67 crore. Profit before tax (PBT) jumped 409.89% to Rs 426.93 crore in Q3 FY26 from Rs 83.73 crore in Q3 FY25.
Shipping Corporation of India Target Price
“Shipping Corporation stock price is bearish on the Daily charts with strong resistance at 235. A Daily close below support of 217 could lead to a target of 195 in the near term,” commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.
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