State Trading Corporation of India Limited has announced the appointment of Shri AKM Kashyap as Additional Director (Government Nominee Director) on its Board of Directors, effective December 15, 2025. The appointment was formally approved by the company's existing directors through circulation on December 24, 2025.

Government Nomination and Approval

The appointment follows an official order from the Ministry of Commerce & Industry, Department of Commerce, issued through Order No. 11/36/2001-FT(M&O) dated November 25, 2025. The ministry conveyed Kashyap's appointment as Government Nominee Director on the Board with immediate effect.

The company has confirmed that the newly appointed director meets all regulatory requirements:

• Kashyap is not related to any existing Director on the Board of the Company
• He is not debarred from holding the office of Director pursuant to any SEBI order or order of any other authority
• He holds no equity shares in the company

Director Profile and Experience

Shri AKM Kashyap currently serves as Deputy Director General (Quality Assurance) in the Department of Commerce, where he oversees the AEG Wing, RTI Cell, and FT (State Mineral Wing) operations since 2024.

Kashyap's career spans over three decades in government service, beginning with his joining DGS&D (Directorate General of Supplies & Disposals), Department of Supply, as an Assistant Director (Quality Assurance) in 1994. His extensive experience includes quality assurance roles across multiple locations and a significant tenure as Director (Clothing) at the National Cadet Corps headquarters.

Regulatory Compliance

The appointment disclosure has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform stock exchanges about changes in directorship and key managerial personnel.

The company has notified both the National Stock Exchange of India Limited and BSE Limited about this board composition change. This appointment strengthens the government's representation on the Board of Directors of the state-owned trading corporation.

State Trading Corporation of India Limited has received regulatory penalty notices from both major Indian stock exchanges for non-compliance with quarterly financial results submission requirements. The government enterprise disclosed the fine imposition on December 17, 2025, following notices received from the exchanges on December 16, 2025.

Regulatory Non-Compliance Details

The company violated Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by failing to submit its quarterly financial results within the prescribed timeline. The non-compliance specifically relates to financial results for the quarter ended September 30, 2025.

Financial Penalty Imposed

Both BSE Limited and National Stock Exchange of India Limited imposed identical penalties on the company for the regulatory breach. The total financial impact includes GST charges as per current tax regulations.

Regulatory Framework

The penalties were imposed under the SEBI (LODR) Regulations, 2015, which establish mandatory compliance requirements for listed companies. Regulation 33 specifically governs the timely submission of quarterly and annual financial results, while Regulation 30 requires companies to disclose material events and information to stock exchanges.

State Trading Corporation of India has formally communicated this development to both exchanges as part of its disclosure obligations, ensuring transparency with stakeholders and regulatory authorities regarding the compliance breach and associated financial penalties.