Please find intimation of levy of fine by BSE vide their email dated 27.05.2026 for Rs 11,91,800/- for non compliance of provisions of Regulation 17,18,19 and 20 of SEBI(LODR), Regulation2015 ....
STCINDIA · price
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BSE has imposed a fine of Rs 11,91,800 on State Trading Corporation of India Ltd for non-compliance with multiple provisions of SEBI (LODR) Regulations, 2015. The violations relate to Regulations 17, 18, 19, and 20 concerning board composition requirements. Specifically, the company did not have the requisite number of Independent Directors on its Board for the quarter ended 31st March 2026. The company received the notice from BSE on 27.05.2026 and has disclosed this as a material event under Regulation 30. This appears to be a repeat non-compliance issue as the company has been penalised for the same quarter.
This fine signals weak corporate governance at STC and could attract regulatory scrutiny. Shareholders should monitor if the company rectifies its board composition to avoid further penalties. The stock (Scrip Code: 512531) may face negative sentiment due to governance concerns.