The State Trading Corporation of India Limited has appointed Ms. Nigar Fatima Husain as an Additional Director (Government Nominee Director) on its Board, effective May 7, 2026. The appointment was approved by the existing directors through circulation on May 27, 2026. Ms. Husain takes over the position from Shri Asit Gopal, who served as the Government Nominee Director.

The appointment follows an order from the Ministry of Commerce & Industry, Department of Commerce, dated April 28, 2026. Ms. Husain is an Indian Defense Estates Service Officer of the 1996 batch and currently serves as Additional Secretary and Financial Advisor in the Ministry of Commerce & Industry and the Ministry of Heavy Industries, Government of India.

Regulatory Disclosures

The company stated that Ms. Husain is not related to any director on the Board as of the date of her appointment. Furthermore, she is not debarred from holding the office of Director pursuant to any SEBI order or any other authority. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile

Ms. Husain holds a B.Sc. (Hons.) in Zoology from Kolkata University, an LLB from Delhi University, and a Post-Graduation in Sociology from Dr. Harisingh Gour Vishwavidyalaya. Her previous roles include Chief Executive Officer of Roorkee, Jhansi, Deolali, and Mhow Cantonments, and Deputy Director General, Defense Estates.

The State Trading Corporation of India Limited has been fined ₹11,91,800 by BSE Limited for failing to maintain the requisite number of Independent Directors on its Board during the quarter ended March 31, 2026. The penalty, which includes 18% GST, was imposed following a notice dated May 27, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The exchange identified non-compliance with several provisions of the SEBI (LODR) Regulations, 2015, specifically Regulations 17(1), 17(1A), 17(2), 17(2A), 18(1), 19(1)/19(2), and 20(2)/20(2A). These regulations mandate the composition and functioning of the Board of Directors, including the requirement for Independent Directors.

Details of the Penalty

The disclosure submitted by state trading corporation of india outlined the specific period and financial impact of the regulatory action.

The company stated that the fine relates solely to the gap in Independent Director count for the specified quarter. Compliance with the Board composition requirements is a critical governance standard under the SEBI framework.