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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,lo~ kJ (1fl«I em 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 . 'iPft VTt:lfq;item' ea Idin t r' ffi' 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