The State Trading Corporation of India Limited (STC India), a Government of India enterprise, has received notices from both BSE Limited and National Stock Exchange of India Limited (NSE) regarding non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notices pertain to the delayed submission of the company’s financial results for the quarter ended 30th June, 2025.

Under Regulation 33 of SEBI LODR, listed entities are required to submit their quarterly and annual financial results within prescribed timelines to ensure transparency, maintain investor trust, and enable proper functioning of the stock markets. Failure to comply with these provisions attracts penalties from stock exchanges.

In this instance, STC India did not submit its Q1 financial results on time, prompting both BSE and NSE to impose fines. The amount of fine levied by each exchange is Rs 1,71,100, inclusive of GST @18%, totaling Rs 3,42,200 across both exchanges.

The non-compliance underscores the importance of strict adherence to regulatory deadlines by listed companies. Timely submission of financial results is crucial for providing accurate and up-to-date financial information to investors, stakeholders, and regulatory authorities. Delays can negatively impact investor confidence and may also raise concerns about corporate governance practices.

STC India, headquartered at Jawahar Vyapar Bhawan, Tolstoy Marg, New Delhi, has acknowledged the notices and stated that the information has been submitted for record purposes. Vipin Tripathi, Company Secretary & Compliance Officer, has formally communicated the matter to the exchanges, ensuring that the issue is on record.

The fines imposed are part of regulatory enforcement mechanisms designed by SEBI and the stock exchanges to maintain market discipline. While the amount is modest, repeated non-compliance or delays could result in higher penalties, reputational risks, and increased scrutiny from regulators.

STC India’s case serves as a reminder for all listed companies about the critical importance of compliance with SEBI LODR requirements, particularly in submitting quarterly and annual financial statements accurately and on time. Companies must have robust internal processes to avoid delays, ensure proper approvals, and maintain transparent communication with regulators and investors.

In conclusion, the Rs 1.71 lakh fines imposed on STC India by both BSE and NSE highlight the enforcement of corporate governance rules in India’s capital markets. Companies listed on stock exchanges must prioritize timely submission of financial results to avoid penalties, maintain investor trust, and ensure compliance with SEBI’s regulatory framework.

If you want, I can also create a timeline-style summary showing the fine, regulatory requirement, and compliance status for STC India for Q1 2025 to make it visually easier to understand.

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