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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
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cp'fq'fte ~ mszrr/CorporateIdentityNo.:L74899DL1956GOIOO2674
~/Telephone: ~-1\(iI/E-mail ~/Website:
011-23313177 :co@stclimited.co.in www.stclimited.co.in
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(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
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