BSECompany Update7h ago · 13 Nov 2026, 05:42 pm

Please find intimation for outcome of board meeting held on 13.11.2026 to consider unaudited financial (standalone) results for the quarter ended and half yearly ended on 30.09.2026

State Trading Corporation of India Ltd · 512531

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State Trading Corporation of India Ltd announced unaudited financial results for the quarter and half year ended September 30, 2026, with a limited review report by independent auditors. The results were attached to the announcement.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10

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State Trading Corporation of India Ltd - 512531 - Unaudited Financial Results (Standalone) For The Quater And Half Yearly Ended 30.09.2026

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(1=IffiT ~N(f)1'{ ~) THE STATETRADING CORPORATION OF INDIALTD. 19,JMlr~f~m (AGovt.ofIndiaEnterprise) JrIfTlT STC/BS&P/BS/10082/2017/STEX!j 3/;l. November13,2026 DIVISION Manager-ListingComplianceDepartment Manager- ListingComplianceDepartment National Stock Exchange of India Limited(NSE BSELimited Limited) Exchange Plaza, C-1,Block-G, Bandra - Kurla 1st Floor, NewTradeWing, Rotunda Building, P.J. Complex, Sandra (East), Mumbai- 400051 Towers, DalalStreet Fort,Mumbai- 400001 ScripCode:STCINDIA- EQ ScripCode:512531 Subject: Outcome ofthe 66S MeetingofBoard ofDirectors ofSTCLimited held on Friday,13 November,2026, Dear Madam/Sir, Pursuant to provisions of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Reguiation,201S, we inform you that the Board of Directors in its 66Sth meeting held on Friday,13th November,2026 has approved the following: (i) Unaudited Standalone Financial Results of the Company for the quarter and halfyear ended September 30,2026; (ii) Limited Review Report on Unaudited Standalone Financial Results. A copy ofthe Unaudited Financial Results along with the Limited Review Report on Financial Results for the quarter and half year ended September 30,2026 as mentioned above are attached herewith (Annexure-A) The aforesaid results are also being disseminated on the Company's website www.stclimited.com. The Board Meetingcommended on 1:4S pm and concluded at S:OO P.M. Pleasetake the above information on record. Thankingyou, Yoursfaithfully, For and on behalfofTheStateTrading Corporation ofIndia Limited (CS Ritu Bhatia) CompanySecretary & Compliance Officer Encl:a/a ~ ~ : ~ C2WJR 'IfiR. e- l(il'R0- 14 - +. 1. 1s '1. ~ "ll < 1> '0 iC.--- '- C4'> 'U-110001/Regd .Offic 'e'JawaharVyaparBhawan,TolstoyMarg,NewDelhi-110001 cp'fq'fte ~ mszrr/CorporateIdentityNo.:L74899DL1956GOIOO2674 ~/Telephone: ~-1\(iI/E-mail ~/Website: 011-23313177 :co@stclimited.co.in www.stclimited.co.in ufitcAft'iT'§IR'IqsjfiI5T'i!Qldld.,... (Annexure-A) Unaudited Financial Results (Limited Reviewed) (Standalone)for the quarter ended on September 30, 2026 IN DIA Independent Auditor's Limited Review Report on Unaudited (Reviewed) Standalone Financial Results ofThe State Trading Corporation of India Limited ("the Company") for the Quarter and Half Year ended September 30, 2026 pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and DisclosureRequirements) Regulations,2015,as amended. Tothe BoardofDirectorsof TheStateTradingCorporation ofIndia Limited 1. We have reviewed the accompanying statement ofUnaudited Standalone Financial Results ofMis. The State Trading Corporation of India Limited (the "Company") for the quarter and halfyear ended Septcmber 30, 2026 (hereinafter referred to as "the statement"), being submitted by the Company pursuant to the requirements ofRegulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "ListingRegulations"). 2. This statement, which is the responsibility ofthe Company's Management and approved bythe Boardof Directors/Committee of Board of Directors, has been prepared in accordance with recognition and measurement principles laid down in Indian AccoWlting Standard 34 (Ind-AS 34), "Interim Financial Reporting", as prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issuedthereunderandotheraccountingprinciplesgenerally accepted inIndiaand in compliancewith Regulation 33 ofthe Securities andExchange BoardofIndia.Ourresponsibility is to expressaconclusion ontheStatement basedon ourreview. 3. WeconductedourreviewoftheStatementinaccordancewiththeStandardonReviewEngagement(SRE) 2410, .'ReviewofInterimFinancialInformationperformedbytheIndependentAuditoroftheEntity"issued bythe InstituteofCharteredAccountantsofIndia.Thisstandardrequires thatweplanandperformthe review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists ofmaking inquiries, primarily ofthe Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become awareofall significantmattersthatmightbeidentifiedinanaudit. Accordingly,wedo notexpressanaudit opimon. 4. Base for Qualified Conclusion a) Non provision in respectoftheitems /mattersasindicated below, totalamount notascertainable for the quarterended30.09.2026 1. Refer Note No. 11 ofthe Statement as on September 30, 2026, lease periodfor plot at Mallet BundeI', Mumbai Port Trust has already expiredandthe land has been handedover to Mumbai Port Trust. Surrender certificate has been executed on 12.11.2021. But this stiltcontinues to be shown as non-current assets held for sale. Thus, non-current assets held for sale has been overstatedbyRs. 1f.67lacs. ft willalso haveconsequentialimpacton theStatementofUnaudited (Reviewed)jinancialresults resultingintooverstatementofpro}itbyRs. 1f.67lacs. Further thejarm tanks installed at Mallet Bunder amounting to Rs. 14.84 lacs have also been handedoveron as is whereisbasis. The companyhasnotraisedanydebit notejorthesameand thus non-currentassetsarebeingoverstatedb.-vRs. 14.84lacs. Further to this. reconciliation has been done at STCofits accounts with MBPTanddetermined that anetamountofR.I'. 161.93 lacs arerecoverablefrom MBPTajieradjustingleaserentduesof Rs. 257lacsagainsttotalrecoveriesofRs. 419lacs(comprisingsaleproceedsofSTCsurrendered assets by MBPT. EMD and deposits). This was communicated to MBPA for their confirmation through STC letter dated 29.10.2025, followed by reminders on 10.02.2026, 26.03.2026 and 21.05.2026. However, MBPT's conjirmation isstillawaited. ii. ReferNote No. 12oftheStatementas onSeptember30, 2026,for non-adjustmentofvalue/areain Fixed Assets Register against areas acquired by Delhi Metro Rail Corporation (DMRC) for construction ofMetro Station & byL&DOjorwideningoftheRoadduringAsian Games, as well as the flats/area of land sold hy the company to The Handicrafts and Handloom Exports Corporation ofIndia Limited (HHEC) for its Housing colony. Value ofconsideration received and/orReceivablefrom NDMCandDMRCis notascertainedbyManagement. Carryingvalueof LeaseholdLandatJawahar Vyapar Bhawan is notadjusted/orthe LandacquiredbyL&DOfor handoverto NDMC (1982) & DMRC(2011). This hasresultedilltooverstatemento.(non-currentassetsheldforsaleandconsequentialimpact onprofitofthecompany, the amountwhereofcouldnutbequantifiedin absenceofcompletedata from the Company. 111. Alltrade receivables amountingtoRs.1,69,953.87lacs (relates to STConly) asperNoteNo.4 of the Statement as on 30.09.2026 have been outstanding/ormore than 3years. The Company has madeprovision/orbadallddoubtfuldebtsamountingtoRs. 62,727.62lacsandanothersumofRs. 107,226.25lacshavebeenshownas "HavingSignificantincreaseincreditrisk"sincethesameis underlitigation. Asconfirmedbymanagement, noprovisionhasbeenmadefor thesamesincethe relevantcreditors willbepaidon~vafierrecoveryofthesetradereceivables, though in mostufthe casesagreementsarenottripartite. Furtherthere has been norecoveryduringthe Quarterending30.09.2026andthere is nomajor updateoflegalcases which arependingatvariousfOrums. Thus. tradereceivablesare notstated at realizable value less cost to be incurred to recover these trade receivables. There is also no balance confirmation availablejor these trade receivables as on 30.09.2026 and hence we are unableto cummentupon thegenuinenessandeffectojthesameon thefinancialstatements, ifany. Weareuftheviewthatalltradereceivablesamountingto 1,69,953.87lacsareconsidereddoubtful oj recovery resulting into shortprovisionfor doubtful debts amounting to Rs. 1,07,226.25 lacs. Thus, theprovisionJorhadanddouhtfuldehts hasheen understatedhy Rs. 1,07,226.25 lacs and conse [Showing first 8,000 characters — download PDF for full document]