Shashikala Kakodkar was sworn in as the Chief Minister of Goa, Daman and Diu on 13 August 1973 at 11:20 p.m. by the then-Lieutenant governor of Goa, Daman and Diu Sisirkumar Banerjee at the Raj Bhavan. Along with Kakodkar, Pratapsingh Rane and A. K. S. Usgaonkar were sworn in as Cabinet Ministers. Her own post of Minister of State was kept vacant till the end of the term. Kakodkar also succeeded Bandodkar as the President of the Maharashtrawadi Gomantak Party and held the charge of both these posts until the 1977 Goa Legislative Assembly election.