The State Trading Corporation of India Limited has informed the Exchange regarding Change in Director(s) of the company.
STCINDIA · price
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State Trading Corporation of India (STC), a Government of India enterprise under the Ministry of Commerce & Industry, has appointed Shri Nitin Kumar Yadav, IAS (2000 batch) as Chairman & Managing Director with additional charge. The appointment is effective from 28.04.2025 to 27.04.2026, or until further orders, whichever is earlier. Shri Yadav, aged 49, is currently serving as Joint Secretary in the Department of Commerce and holds a B.Tech from IIT Delhi along with an MBA. He has over 25 years of administrative experience and holds no equity shares in the company. The appointment was made via a Government of India order and approved by the existing Board through circulation.
This is a routine government-mandated leadership change at a PSU. For shareholders, it brings a senior IAS officer with extensive administrative experience at the helm, but since this is an additional-charge arrangement (not a permanent full-time CMD), strategic continuity and decision-making may be interim. No immediate impact on share price is expected.