The State Trading Corporation of India Limited (STC) has officially announced the appointment of Shri Nitin Kumar Yadav, IAS (HR: 2000) as the Chairman and Managing Director (CMD) of the company. The announcement was made through an official communication to the stock exchanges — BSE and NSE — under the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment of Shri Yadav has been made for a period of one year, starting from 28th April 2025 to 27th April 2026, or until further orders, whichever comes earlier. This decision was conveyed by the Ministry of Commerce & Industry, Department of Commerce through Order No. A-12022/20/2019-E-IV dated 24th April 2025. The appointment was later approved by the Board of Directors of STC via a circular resolution.

Who is Shri Nitin Kumar Yadav?

Shri Nitin Kumar Yadav is a senior civil servant from the Indian Administrative Service (IAS), Haryana cadre, batch of 2000. He currently serves as the Joint Secretary in the Department of Commerce, under the Ministry of Commerce and Industry, Government of India. Shri Yadav holds a Bachelor of Technology in Computer Science from the prestigious Indian Institute of Technology (IIT), Delhi, and a Master of Business Administration (MBA) with specialization in Business Administration.

With over 25 years of professional and administrative experience, Shri Yadav has held key positions across several departments, including:

• Home Department of Chandigarh Administration

• General Administration Department (GAD)

• Personnel Department

• Vigilance Department in the Haryana Government

His wide-ranging expertise in governance, policy implementation, and administrative oversight is expected to contribute significantly to STC’s strategic direction and operational performance during his tenure.

Board Confirmation and Compliance

As per the disclosure made by STC:

• Shri Nitin Kumar Yadav is not related to any existing director on the Board of the company.

• He is not debarred from holding the position of Director by SEBI or any other regulatory authority.

• The company has confirmed that the disclosure complies with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

This development follows a prior communication made by STC on 25th April 2025, which initially informed the exchanges of a change in the directorship pending official confirmation from the Ministry.

About The State Trading Corporation of India (STC)

STC is a Government of India Enterprise, incorporated in 1956, and primarily involved in international trading of various commodities and essential goods. The company has historically played a vital role in India’s foreign trade ecosystem, particularly in the import and export of agricultural commodities, minerals, and manufactured goods. While STC has faced operational challenges in recent years due to evolving market conditions and restructuring efforts within PSUs, the leadership of a seasoned administrator like Shri Nitin Kumar Yadav is anticipated to guide the organisation through its next phase.

Impact of the Appointment

This appointment brings:

• Stability and clarity in leadership at a time when STC is undergoing structural and operational transformations.

• Policy alignment and administrative efficiency, given Shri Yadav’s extensive experience in government and commerce.

• Strategic direction for the company’s future role in India’s public sector trading ecosystem.

The move is seen as part of the broader effort by the Ministry of Commerce & Industry to strengthen the governance and efficiency of its affiliated undertakings.

Compliance with SEBI (LODR) Regulations

The notification under Regulation 30 of the SEBI (LODR) Regulations, 2015, ensures that all relevant stakeholders, including shareholders and investors, are kept informed about key managerial changes that may impact the company's operations and governance.

As per the prescribed format under SEBI circulars, the appointment has been backed by:

• A formal letter of appointment from the government.

• Confirmation of no disqualification from regulatory agencies.

• A brief professional profile (shared as Annexure-A), affirming the experience and credentials of the newly appointed CMD.

Conclusion

The appointment of Shri Nitin Kumar Yadav as CMD of The State Trading Corporation of India Limited is a significant governance update, signaling continued coordination between public sector enterprises and the government’s top administrative machinery. It underscores STC’s ongoing commitment to transparency, accountability, and strong corporate governance practices.

With Shri Yadav’s proven track record in administrative leadership and strategic oversight, stakeholders — from shareholders to policy makers — will be closely watching STC’s trajectory over the next year as it embarks on its next phase under his stewardship.

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