STC board approves Q2 FY26 results with qualified audit, new Company Secretary appointed

Going-concern doubtQualified audit opinionExceptional itemProfit growth above 25%Contingent liabilities increasedResults 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

-1.2%Reaction day

₹121.02

prior close

₹123.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-0.8% vs market

Trading & Distributors peers, median of 130sector-0.5%-0.7% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.7 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-2.5-2.0-0.5-0.7-1.8

-1.3-2.7+1.4-1.5+0.2

-0.3-1.7+1.4-1.6+1.3

-0.0-1.4+1.4-2.5+2.5

-2.5-2.8+0.3-3.2+0.7

-2.5-2.8+0.3-3.8+1.3

15d

-9.1-8.4-0.7-8.1-1.0

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-7.6-4.0-3.6-4.0-3.6

-5.1+2.6-7.7-3.2-1.8

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 130Pending

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

AI summary

STC board on Feb 11, 2026 approved Q2 and H1 FY26 (ended Sep 30, 2025) results. Standalone H1 profit jumped to Rs 619.03 cr from Rs 20.40 cr last year, driven by Rs 606.23 cr exceptional gain from One Time Settlement of Rs 200 cr with six lender banks. However, auditor P V A R & Associates issued a qualified opinion on standalone and a disclaimer on consolidated results, flagging that accounts are on a non-going concern basis. Auditor noted overstatement of trade receivables by around Rs 1,071 cr, unresolved L&DO demand of Rs 4,743 cr, DRT order for Rs 26.55 cr, and various asset valuation issues. Ritu Bhatia appointed as new Company Secretary effective March 10, 2026.

Likely market impact

Qualified opinion and non-going concern flag are major red flags; one-time OTS profit masks deep structural issues with old receivables and unresolved liabilities.