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State Trading Corporation of India Ltd is primarily involved in import and export of large number of bulk oils, fertilisers, coal, bullion, etc. It also undertakes import of mass consumption items like wheat, sugar, pulses, etc. as and when called upon by the Government to do so.
The State Trading Corporation of India Limited has informed the Exchange about General Updates
State Trading Corporation was fined ₹0.12 Cr by BSE for insufficient Independent Directors on its board in the June quarter. The company seeks a waiver, citing director appointments fall under the Ministry of Commerce & Industry.
STC India received a fine notice from NSE for not having enough Independent Directors on its Board. The fine totals ₹0.12 Cr. STC is seeking a waiver, citing its PSU status and government director appointment process.
STC's board approved FY26 consolidated net profit of Rs 648.18 Cr (EPS Rs 109.12) & Q1 FY27 standalone net profit of Rs 2.84 Cr (EPS Rs 0.47). Auditors issued a **Disclaimer** on consolidated & **Qualified** standalone results, citing Rs 1,072 Cr doubtful receivables and a non-going concern basis. No dividend.
STC Limited has announced a board meeting on August 25 to approve its annual and Q1 financial results. This meeting's timing and venue were rescheduled.