State Trading Corporation of India Limited has announced the appointment of Shri Asit Gopal as Government Nominee Director on its Board with immediate effect. The appointment was communicated to stock exchanges on January 20, 2026, in compliance with SEBI regulations.

Appointment Details

The Department of Commerce, Ministry of Commerce and Industry issued Order No. 11/36/2001-FT(M&O)-Vol-I(i) dated January 19, 2026, intimating the appointment. The company received this order on January 20, 2026, and promptly notified the exchanges.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, which mandates disclosure of changes in Directors and Key Managerial Personnel. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this board change.

Implementation Timeline

While the appointment takes immediate effect as per the government order, State Trading Corporation of India Limited has clarified that Shri Asit Gopal's appointment will be effective after completion of requisite formalities. The company will communicate the exact date of appointment on the Board once these formalities are completed.

Corporate Governance

This appointment reflects the government's continued involvement in the governance structure of State Trading Corporation of India Limited through nominee directors. The addition of Shri Asit Gopal, who brings experience from the Ministry of Textiles and Department of Commerce, is expected to strengthen the Board's expertise in trade and commerce matters.