State Trading Corporation of India Limited has announced a significant change in its board composition with the appointment of a new Government Nominee Director. The company informed stock exchanges about this development through a regulatory filing under SEBI (LODR) Regulations, 2015.

Board Appointment Details

The Department of Commerce, Ministry of Commerce and Industry, has appointed Ms. Nigar Fatima Husain as the new Government Nominee Director on the Board of The State Trading Corporation of India Limited. The appointment was formalized through Order No. 11/36/2001-FT(M&O)-Vol-I(i) dated April 28, 2026, which was received by the company on April 29, 2026.

Outgoing Director

Ms. Husain replaces Shri Asit Gopal, who was serving as the Government Nominee Director on the Board of STC. Shri Gopal held the position of Special Secretary and Financial Advisor at the Ministry of Textiles, while also holding additional charge of the post of AS&FA at the Department of Commerce.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, which mandates disclosure of material events including changes in directors and key managerial personnel. The communication was signed by CS Ritu Bhatia, Company Secretary & Compliance Officer, on behalf of the company.

Implementation Timeline

The company has clarified that while the appointment is effective immediately, Ms. Nigar Fatima Husain's role will commence after completion of requisite formalities. The State Trading Corporation has indicated that the exact date of her appointment on the Board will be communicated to the exchanges once all procedural requirements are fulfilled.

This board change reflects the government's ongoing oversight of state-owned enterprises and ensures continued representation of the Ministry of Commerce and Industry in the company's governance structure.

State Trading Corporation of India Limited has submitted its monthly compliance report to stock exchanges, confirming zero activity in physical share transfer re-lodgement requests during March 2026. The report was filed in accordance with SEBI circular requirements for tracking physical share transfer activities under a special regulatory window.

Compliance Report Details

The company filed its report dated April 06, 2026, with both NSE and BSE, fulfilling obligations under SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. This circular established a special window for shareholders to re-lodge transfer requests for physical shares, requiring companies to maintain detailed monthly reporting.

March 2026 Activity Summary

The registrar and transfer agent, MCS Share Transfer Agent Limited, provided a comprehensive status report showing complete absence of activity during the reporting period:

Regulatory Framework

The SEBI circular dated January 30, 2026, mandates regular reporting of physical share transfer activities under the special re-lodgement window. This regulatory framework aims to facilitate the processing of pending physical share transfer requests while maintaining transparency through monthly disclosure requirements.

Administrative Process

Company Secretary and Compliance Officer CS Ritu Bhatia digitally signed the compliance document on April 06, 2026. The report was simultaneously submitted to both major stock exchanges where the company's shares are listed, ensuring comprehensive regulatory compliance across all trading platforms.