State Trading Corporation of India Limited has announced the appointment of Smt. Ritu Bhatia as its new Company Secretary and Compliance Officer, marking a significant change in the company's key management personnel. The appointment became effective March 10, 2026, following the Board's approval in its meeting held on February 11, 2026.

Management Transition Details

The company disclosed the management change through official communication to stock exchanges, fulfilling its obligations under Regulation 30 of SEBI (LODR) Regulations, 2015. The transition involved the replacement of the outgoing Company Secretary with immediate effect.

Board Approval and Implementation

The Board of State Trading Corporation of India Limited approved Smt. Ritu Bhatia's appointment during its meeting on February 11, 2026. The company had previously communicated the outcome of this Board meeting to the exchanges, and the current disclosure serves as confirmation of the actual assumption of charge by the new appointee.

Regulatory Compliance

The company has formally notified both major stock exchanges about this key management change:

• National Stock Exchange of India Limited - Scrip Code: STCINDIA - EQ
• BSE Limited - Scrip Code: 512531

The disclosure was made in accordance with SEBI (LODR) Regulations, 2015, specifically under Regulation 30, which mandates the disclosure of material events and information including changes in key management personnel.

Professional Background

Smt. Ritu Bhatia brings her professional expertise as an Associate Company Secretary (ACS) to her new role. Her ACS certification number 18344 demonstrates her qualification to handle the statutory and compliance responsibilities associated with the position of Company Secretary and Compliance Officer at the government enterprise.

State Trading Corporation of India Limited has received penalty notices from both major Indian stock exchanges for regulatory non-compliance related to board composition requirements. The company disclosed this development through an official communication dated March 2, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Penalty Details and Regulatory Violations

The fines were imposed for non-compliance with provisions of Regulation 17, 18, 19, and 20 of SEBI (LODR) Regulations, 2015, specifically for not maintaining the requisite number of Independent Directors on the Board during the quarter ended December 31, 2025.

Regulatory Framework and Compliance Requirements

The penalties relate to multiple SEBI LODR regulations governing board composition and independent director requirements. These regulations mandate that listed companies maintain a specified minimum number of independent directors to ensure proper corporate governance and oversight.

Timeline and Disclosure Process

The company received the penalty notices from both exchanges via email on February 27, 2026, which fell on a Friday. In compliance with regulatory requirements, State Trading Corporation of India made the mandatory disclosure on March 2, 2026, being the first working day following receipt of the notices.

Corporate Governance Impact

The simultaneous fines from both BSE and NSE highlight the importance of maintaining proper board composition as mandated by SEBI regulations. The penalty amount of ₹11,94,160 from each exchange reflects the regulatory emphasis on compliance with independent director requirements, which are fundamental to corporate governance standards for listed entities.

The disclosure was signed by Vipin Kumar Tripathi, Company Secretary & Compliance Officer, ensuring proper authorization and compliance with regulatory notification requirements.