S&T Corporation , a company primarily known for its construction and real estate operations, has announced a strategic move to diversify its business activities. The Board of Directors has approved the re-commencement of textile and yarn trading business, alongside its existing operations.

Business Expansion Details

The company disclosed this development in a regulatory filing to the BSE Limited on November 20, 2025. According to the filing, the decision was made during a board meeting that commenced at 4:00 p.m. and concluded at 4:30 p.m. on the same day.

Expected Impact

S&T Corporation expects this diversification to have a positive impact on its financial performance. The company stated that the addition of textile and yarn trading activities is anticipated to increase both turnover and income. This move aligns with the Main Object Clause of the company's Memorandum of Association, indicating that it falls within the scope of the company's intended business activities.

Strategic Implications

The decision to re-enter the textile and yarn trading business suggests that S&T Corporation is looking to:

1. Diversify its revenue streams
2. Potentially capitalize on opportunities in the textile sector
3. Balance its portfolio between real estate and trading activities

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with its stakeholders.

While the company expects positive outcomes from this business expansion, investors and market watchers will likely keep a close eye on how this diversification strategy unfolds and impacts the company's overall performance in the coming quarters.

S&T Corporation Limited has submitted revised unaudited financial statements for the quarter and half-year ended September 30, 2025, to the Bombay Stock Exchange (BSE), addressing an inadvertent error in the cash flow statement.

Correction Details

The company disclosed that the original filing contained quarterly figures instead of half-year figures in the cash flow statement. This revision comes after the board meeting held on November 7, 2025, which had initially approved the financial statements for the second quarter of FY 2025-26.

Financial Highlights

The revised submission includes complete financial statements along with the corrected cash flow statement. Key financial data from the consolidated results include:

Subsidiary Performance

The consolidated results incorporate the performance of S&T Corporation's subsidiary, SSAVAI SMART ABODES LLP. For the quarter ended September 30, 2025, the subsidiary reported:

• Total assets: ₹6,63,330
• Revenue: Nil
• Net loss: ₹24,548

Cash Flow Statement Revisions

The corrected cash flow statement reveals:

Management's Response

In their communication to the BSE, S&T Corporation stated, "We hereby enclose the complete set of the financial statement along with the revised Cash flow statement. Kindly take the above on record and condone inadvertent error in yesterday's filing."

Auditor's Review

MLR AND ASSOCIATES LLP, the company's auditors, conducted a review of the financial statements. They stated that based on their review, "nothing has come to our attention that causes us to believe that the accompanying statement... has not disclosed the information required to be disclosed in terms of the listing regulations."

The revision of financial statements underscores the importance of accurate reporting in maintaining transparency with investors and regulatory bodies. S&T Corporation's prompt correction and disclosure demonstrate their commitment to providing accurate financial information to stakeholders.