State Trading Corporation of India informed stock exchanges that the Comptroller and Auditor General (CAG) of India has appointed Talati & Talati LLP as the Statutory Auditors for the financial year 2026-27. The appointment was conveyed via a letter dated September 8, 2026, received by the company on September 24, 2026.

Regulatory framework and appointment details

The appointment is made under Section 139 of the Companies Act, 2013. For government companies, the CAG exercises the power to appoint statutory auditors. Talati & Talati LLP, with registration number WR0345, is based in New Delhi. The firm will audit the head office, the Agra branch, and perform the audit of consolidation of accounts.

Scope of audit and compliance

The CAG’s directive specifies that the statutory auditor of the holding company also serves as the auditor for consolidated financial statements under Section 139 read with Section 129(4) of the Companies Act, 2013. The supplementary or test audit under Sections 143(6) and (7) is entrusted to the Director General of Audit (Industry and Corporate Affairs), New Delhi.

Remuneration for the auditors will be regulated as per Section 142 of the Companies Act, 2013, along with guidelines issued by the Department of Company Affairs in 1976 and 1984. The company is required to intimate any revision in audit fees and details of remuneration paid for non-statutory services once the accounts for FY26 are finalized.

Next steps

The formal appointment of the auditor will be regularized in an upcoming board meeting of the company. Following this regularization, STC will make the necessary intimation to the stock exchanges as per listing obligations.

State Trading Corporation of India Ltd has secured a 2 months and 25 days extension from the Registrar of Companies (RoC) to convene its Annual General Meeting (AGM) for the financial year ended March 31, 2026.

The extension, granted via an order dated September 24, 2026, addresses the company's inability to hold the meeting by the statutory deadline of September 30, 2026. The primary reason cited was the potential non-availability of Comptroller and Auditor General (CAG) comments on the consolidated annual financial accounts for FY26 in time for the scheduled meeting.

Regulatory approval details

The RoC for NCT of Delhi & Haryana issued the order under Section 96(1) of the Companies Act, 2013. The company had filed an application with SRN AC5809775 on September 3, 2026, seeking relief from the standard compliance timeline. The regulatory body approved the request while advising the company to ensure strict compliance with the Companies Act in future periods.

Next steps for shareholders

Following the grant of this extension, the company stated it will convene the AGM within the newly extended timeline. The specific date for the meeting will be communicated to shareholders and stock exchanges in due course. This development ensures the company remains compliant with statutory requirements despite delays in finalizing audited consolidated statements.

What the numbers show

The reliance on CAG comments highlights a structural dependency common in government-owned enterprises. Unlike private entities that finalize audits internally or with independent firms, STC's ability to close its books is contingent on external government audit processes. The 2 months and 25 days buffer provides a clear window for these administrative procedures to conclude without triggering non-compliance penalties under the Companies Act.