STC Faces ₹1.53 Lakh Fine Each From BSE and NSE Over Delay in June-Quarter Results

The State Trading Corporation of India Limited (STC) has received notices from BSE and the National Stock Exchange imposing a fine of ₹1.53 lakh each after its financial results for the quarter ended June 30, 2026 were not submitted within the prescribed period. 

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STC disclosed the development to the exchanges on September 15. The two notices, received by the company through emails dated September 11, relate to non-compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 

How the ₹1.53 Lakh Fine Was Calculated 

The notices show a basic fine of ₹1.30 lakh, calculated at ₹5,000 a day for 26 days of non-compliance. GST of ₹23,400 takes the amount payable to ₹1,53,400 on each exchange. 

Both BSE and NSE have therefore separately levied ₹1,53,400 on STC for the June 2026 quarter. 

The NSE notice also states that if the company remains non-compliant, the fine will continue to increase every day until compliance is achieved. 

Exchanges Give STC 15 Days to Pay 

NSE has asked STC to comply with the applicable requirement and pay the fine within 15 days from the date of its notice. 

BSE’s communication carries the same 15-day payment requirement. It also states that failure to pay could lead to action related to freezing the entire shareholding of the promoter in STC as well as other securities held in the promoter’s demat account, in line with the SEBI SOP framework referred to in the notice. 

The BSE notice further says that if Regulation 33 non-compliance continues for a second consecutive year, the company could be transferred to the Z group and become liable for suspension of trading in its equity shares. 

These are measures described in the exchange notice under the applicable SEBI framework; STC’s September 15 disclosure does not state that such action has been initiated. 

STC Can Seek Waiver After Compliance 

NSE’s notice also provides a route for seeking a waiver of the fine. Any such request has to be submitted through the exchange’s NEAPS portal rather than by email. 

Compliance is a prerequisite for the waiver application to be processed. Where the fine exceeds ₹5,000 excluding GST, a non-refundable processing fee of ₹10,000 plus 18% GST is applicable, according to the notice. 

The exchange has also asked the company to place the matter before its board at the next meeting. Any comments made by the board are to be subsequently communicated to the exchange for dissemination. 

Filing Delay Relates to June 2026 Quarter 

The action specifically concerns the timing of STC’s financial results for the quarter ended June 30, 2026. The company’s disclosure does not attribute the delay to any particular reason. 

STC’s filing is limited to informing the exchanges about the notices and the fines imposed. It does not mention whether the company intends to seek a waiver, nor does it provide any further response to the action beyond asking that the disclosure be taken on record.