State Trading Corporation fined for independent director non-compliance

The State Trading Corporation of India Limited (STC) has announced it received a notice from the National Stock Exchange of India Limited (NSE) regarding the imposition of fines. This penalty stems from the company's non-compliance with provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The non-compliance relates to STC not having the requisite number of independent directors on its board for the quarter that ended on September 30, 2025. As a result, a fine amounting to ₹12,05,960/-, which includes GST at 18%, has been imposed.

This disclosure, dated November 28, 2025, was issued by Vipin Tripathi, company secretary & compliance officer of STC, to both the National Stock Exchange and BSE Limited.