BSE imposes Rs 12.05 lakh fine on STC for governance non-compliance

SEBI penaltyRegulatory & Legal View source PDF Explain this filing

STCINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹118.37

prior close

₹118.49

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-0.7% vs market

Trading & Distributors peers, median of 132sector+0.0%-0.9% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.9 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.3

15m

-0.6

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-0.2-0.7+0.0-0.9

Next day

-1.3+0.1-1.3+0.0-1.3

-1.8+0.4-2.2+0.0-1.8

-2.0-0.6-1.4-0.9-1.1

-4.5-1.2-3.4-0.6-3.9

-2.8-0.6-2.3-0.6-2.2

-3.6+0.5-4.2-1.4-2.3

15d

-5.9-0.2-5.7-1.8-4.0

-9.7-1.5-8.2-3.2-6.5

-15.4-8.0-7.4-8.6-6.8

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 132Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BSE imposed a fine of Rs 12,04,780 (incl GST) on State Trading Corporation of India for non-compliance with SEBI LODR regulations 17, 18, 19, and 20 for quarter ended June 2026. Non-compliance relates to lack of required Independent Directors including a woman director, plus non-constitution of audit, nomination, and stakeholder relationship committees. STC has requested waiver citing PSU status, as director appointments rest with the Ministry of Commerce.

Likely market impact

Recurring fines possible until directors appointed. Risk of promoter shareholding freeze and stock moving to Z category if non-compliance continues next quarter.