Ms. Anoopa Shankarankutty Nair has ceased to be the Director (Finance) at state trading corporation of india upon the completion of her tenure effective June 4, 2026. Her departure follows the conclusion of a one-year additional charge period initially sanctioned by the Government of India, Ministry of Commerce & Industry. The company informed the exchanges regarding this change in its Board composition under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Ms. Nair was originally appointed to the additional charge of Director (Finance) through an office order dated May 20, 2025. The appointment, issued from Vanijya Bhawan, New Delhi, was approved by the Minister of Commerce & Industry and was valid for one year from the date she assumed charge or until further orders. The Board of Directors of STC Limited had formally approved her appointment effective June 5, 2025.

During her tenure, Ms. Nair continued to discharge her existing duties as a Director in the Department of Commerce while managing the financial responsibilities at the state trading corporation of india. The distribution list for the initial office order included senior officials such as Shri Nitin Kumar Yadav, Chairman and Managing Director (Additional Charge), and the Company Secretary. The office order was signed by Mahender Chaudhary, Deputy Secretary to the Government of India.

The cessation was communicated to the National Stock Exchange of India Limited and BSE Limited by Ritu Bhatia, Company Secretary & Compliance Officer of The State Trading Corporation of India Limited. The filing confirmed that her tenure ended on June 4, 2026, as per the government order.

The State Trading Corporation of India Limited has been fined ₹11,91,800 by the National Stock Exchange of India (NSE) 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 levied for non-compliance with specific provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This financial penalty underscores the regulatory importance of board composition for listed entities.

The NSE issued a notice to state trading corporation of india on May 27, 2026, identifying breaches under Regulations 17(1), 17(2), 17(2A), 18(1), 19(1)/19(2), and 20(2)/20(2A). These regulations mandate the structure and composition of a company's Board, including the requirement for Independent Directors. The non-compliance specifically pertains to the governance shortfall observed in Q4FY26.

Details of the Penalty

The disclosure submitted to the exchanges outlined the specific period and the financial implication of the regulatory lapse. The company confirmed that the information was relayed to the stock exchanges on the first working day following the receipt of the notice.

The State Trading Corporation of India Limited informed both the NSE and BSE about the imposition of the fine. The filing, signed by Company Secretary & Compliance Officer CS Ritu Bhatia, confirmed that the notice was received via email on the evening of May 27, 2026. The company stated that the disclosure was made immediately upon receipt of the communication.