The State Trading Corporation of India Limited has informed the Exchange about General Updates
STCINDIA · price
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The State Trading Corporation of India Limited (STC) has received a notice from BSE Limited dated May 27, 2026, informing about the imposition of fines for non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The non-compliance relates to the company not having the requisite number of Independent Directors on its Board for the quarter ended March 31, 2026. Specifically, STC failed to comply with provisions of Regulations 17(1), 17(1A), 17(2), 17(2A), 18(1), 19(1)/19(2), and 20(2)/20(2A) of SEBI (LODR) Regulations, 2015. A fine of Rs. 11,91,800/- has been imposed by BSE for this non-compliance.
This indicates a governance issue where STC did not maintain the required board composition of Independent Directors as mandated by SEBI regulations. Shareholders should note that while this is a monetary penalty, it reflects ongoing board composition deficiencies that could affect investor confidence and may require urgent corrective action.