NSEGeneral Updates5d ago · 26 Aug 2026, 11:10 am
General Updates
The State Trading Corporation of India Limited · STCINDIA
✦ AI SummaryRegulatory
The State Trading Corporation of India Limited has received a notice from the National Stock Exchange of India Limited regarding non-compliance with certain provisions of SEBI (LODR) Regulations, 2015. The company has been fined for not having the requisite number of Independent Directors on its Board. The company has requested the Exchanges to waive off the fine, citing that it is a Public Sector Undertaking and the power to appoint Directors is under the purview of the Administrative Ministry.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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The State Trading Corporation of India Limited has informed the Exchange about General Updates
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STCINDIA_26082026110951_NSE__INTIMATION__25092026.pdf
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7. YEARSOF ~JMlr~a THE STATETRADING CORPORATION OF INDIALTD.
CELEBRATING
THEMAHATMA ~lrC (AGovt.ofIndiaEnterprises)
DIVISION
STC/BS&P/BS/10082/2017/STEX /
$.6,'J
August 26,2026
Manager Listing ComtIiance Manager Listing Compliance
Department Department
National Stock Exchange of India BSE Limited
Limited
Exchange Plaza, Bandra - Kurla 1st Floor, P.J. Towers, Dalal Street
Complex, Bandra (East), Mumbai Mumbai - 400001
400051
Scrip Code: STCINDIA - EQ Scrip Code: 512531
Sub: Disclosure of event or information under Regulation 30 of SEBI (LODR)
Regulations, 2015
Sir/Madam,
Pursuantto Regulation 30 ofSEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, this is to inform that the Company has received Notice from
National Stock Exchange of India Limited (NSE) vide their email dated August
25,2026 (copy enclosed) regarding imposition of fines for non-compliance of
provisions of Regulation 17(1), 17(2A),17(2) 18(1), 19 and 20(2),(2A) of SEBI
(LODR) Regulations, 2015 for not having requisite number of Independent Directors
on the Board of STC for the quarter ended on 30th June,2026, as per the details
indicated below:
Quarter ended on 30.06.2026
~12,04 7801- each from NSE
In response to the above, the Company has already requested the Exchanges to
waive off the fine since STC Is a Public Sector Undertaking and the powerto appoint
Directors including Independent Directors is under the purview of the Administrative
Ministry Le. Ministry of Commerce & Industry. The Company is following up with
Ministry from time to time for appointing requisite number of Independent Directors
on its Board.
Please take note ofthe above information on record.
Thanking you,
Yours sincerely,
ForThe State Trading Corporation ofIndia Limited
(CS Ritu Bhatia)
Company Secretary & Compliance Officer
~ ~.110001'
1Il1t Regd.Office:JawaharVyaparBhawan,TolstoyMarg.NewDelhl·110001
: 'IlIJqN1tlR. CorporateIdentityNo.:L74899DL1956GOI002674 Website.www.stcllmlted.co.ln
'Telephone:011-23313177 IFax:011-23701123,*23701191 E-mail:co@stcllmlted.co.ln .
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Nifty50
National Stock Exchange of India
NSE/LIST-SOP/COMB/FINES/0954 August25,2026
The Company Secretary
The StateTrading Corporation ofIndia Limited
DearSir/Madam,
Subj ct: Notice for non-compli nee with SEB] (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("ListingRegulations")
Your attention is drawn towards SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
("Master Circular") issued on July 11,2023 and last updated on January 30,2026 (hereinafter referred
to as "Master Circular" I cifyin Standard OperatiJlg Procedure for imposing tines and suspension
of trading in case of 11 n-compliance with the Listing Regulation . On verification of the Exchange
r cord it ha been observ d that y ur ompany has n t complied/delaye complied with certain
Li ling Regulation(s). Th details of n n-c mplianc ')/d loy d ' mpliance(s) total fine payable by
your ompony and th pm11culars about manu r in whi h tine should be remitted to the Exehang is
enclosed as Annexure.
You are requested to ensure compliance with respective regulation(s) and make the payment offines
within 15 days from the date ofthis notice.
The Companyupon receiptofthis review notice, may file the waiver request. Below are the parameters
for filing the application for waiver:
a) Waiver applications ent via mail is not considered. The Company is requested to submit waiver
application onthe bel wmenti ned path:
NEAPS»Compliance»Fine Waiver»Waiver Request.
b) Detailed submission indicating reasons for waiver, mentioning whether it intends to seek
personal hearing before the concerned Committee.
c) Further omplianec is a pre-requisite for applying for waiver. Thus, waiver application of
the non-c mplied Companies will not be pro essed withoutachieving the compliance.
d) In ease tbe Company i non-c mpliant under multiple regulati n , the Company is advised t Iii
3 single applicatioll melltiuuing the details of all the respe tive regulations and quarters for which
th C:omprmy llltends to apply f r waiver.
e) Non-refundable Pro es ing fees for an amount of Rs.IO,OOO plus 18% GST to be paid to
the designat d 'xchcm e, (as segregat d Ol,;twl;'n th .dli.Wges as per the poliey for waiver rwes)
only ifthe fIne amount is more Ulan Rs. 5 000/- exdusive 0 ST.
Tld!:l Document 1.S Digitally Signed by
Regn.Office:NationalSlackExchange01IndiaLimitedI ExchangePlaza.C'l,BlockG
India+912226598100Iwww.nseindia.comICINU67120MH1992PLC06976'1
National Stock Exchange Of IndIa limIted
However, before filing an application for waiver of fines, you are requested to refer to the below
policy available onthe Exchange's website. Forready reference you may referbelow link:
Policy on processing ofwaiver application:
https://nsearchives.nseindia.com//web/circularI2026-
lIPolicy_for_waiver_oCfines_Finall_20260113193131.pdf
Further as per Master Circular, your ompany is also requiJ'ed to ensw'e that th said non-complian e
which has been identified by the Exchang and subsequent a tion taken by the Exchange in this regard
shall be pIa ed before tll Board in the next Board Meeting and comments made by Ule Bard shall be
duly infOnlled t the Exchange at the below mentioned pat]) inN •APS Iortal a1 ng with this letter for
di s mination having the announcementtextas 'Board omrnents 011 fme Ie ied by the Exchange'.
Path: E P > OMPLI E> nnouncements> nnouncement /C (ubject: Updates)
In case ofany elarifi ation, you may send an email onlistingop@nse.co.in orc nlact any ofthe below
III ntioned x hange er fr m Listing mplian e ep;;utrnent:
Ms. Kamal Singh
Ms. MadhuKadam
Ms. hal1chal Daga (Waiver request)
Ms. Neha alvi Waiver reque t)
Yours faithfully,
ForNational StockExchange ofIndia Limited
Sonam Yadav
Manager
1'hls Document is Digit"lly Signed by
R d.Office:NatlQII'lSI r f ct n 01IndialimitedI
India.91222&5981DO w.~wn, ,nflla.colIIlCINU&71
National Stock Exchange Of IndIa Umlted
Annexure
Fine amount per day No. ofdays ofnon- Fine
Regulation Quarter (Rs.) / Fine amount per compliance/ No. of amount
instance (Rs.) instance(s) (Rs.)
REGULATION 30-Jun-
5000 91 455000
17(1) 2026
REGULATION 30-Jun-
2000 91 182000
18(1) 2026
REGULATION 30-Jun-
2000 91 182000
19(1)/19(2) 2026
REGULATION 30-Jun-
2000 91 182000
20(2)/(2A) 2026
REGULATION 30-Jun-
10000 1 10000
17(2A) 2026
REGULATION 30-Jun-
10000 1 10000
17(2) 2026
Total Fine 1021000
GST@18% 183780
Total Fine Payable (Inclusive ofGST) 1204780*
*In case the Company is non-compliant as on the date ofthis letter then fine amountwill keep on
increasing every day till the date compliance is achieved.
Notes:
• Ifthe fine amount is paid before receiptofthis letterthen inform the Exchange
accordingly.
• Please update the payment details on below mentionedpath: NEAPS > Payment> SOP Fine
Payment.
• The above payment may be made vide RTGS / NEFT/ Net Banking favouring 'National Stock
Exchange ofIndia I,imited'. The bank details towards the pflymcntoffine are as follows:
BENEFICIARY
NATlONAL STOCKEXCHANGE OF INDIA LIMITED
NAME
RANKNAME lOBI BANK. LTD
Please referUnique Account Code used for making Annual Listing
AlCNO
fees to the Exchange
BRANCH BANURA KURLA COMPLEX, MUMBAI
This Document ls Digitally Signed by
Regd.Office:NallonalSlockExchangeofIndiaLimitedIExchangePlaza.C·l.BlockG
India+912226598100Iwww.nseindia.comICINU67120MH1992PLC069769