Integrated Filing — IndAS



General information about company
Scrip Code 512531
NSE Symbol STCINDIA
MSEI Symbol NOTLISTED
ISIN INE655A01013
Name of company THE STATE TRADING CORPORATION OF INDIA LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 13-Jun-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-Jun-2025
Description of presentation currency INR (in Actuals)
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Geographical
Description of single segment
Start date and time of board meeting 13-Jun-2025   12:00:00
End date and time of board meeting 13-Jun-2025   14:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-07
Indicate Company website link for updated RPT policy of the Company www.stclimited.co.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Oct-2024 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 0 0
Other income 277886000 1250760000
Total income 277886000 1250760000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 87998000 308881000
(e) Finance costs 5242000 20118000
(f) Depreciation, depletion and amortisation expense 0 0
(f) Other Expenses
1 OTHER EXPENSES 46045000 161421000
Total other expenses 46045000 161421000
Total expenses 139285000 490420000
3 Total profit before exceptional items and tax 138601000 760340000
4 Exceptional items 934000 -271681000
5 Total profit before tax 139535000 488659000
6 Tax expense
7 Current tax 104667000 104667000
8 Deferred tax 0 126774000
9 Total tax expenses 104667000 231441000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 34868000 257218000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 34868000 257218000
17 Other comprehensive income net of taxes 58735000 58735000
18 Total Comprehensive Income for the period 93603000 315953000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 600000000 600000000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve -9243112000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.56 5.27
Diluted earnings (loss) per share from continuing operations 1.56 5.27
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.56 5.27
Diluted earnings (loss) per share from continuing and discontinued operations 1.56 5.27
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The face value of equity share capital is Rs. 10/- only (Rupees Ten Only). n n2. Other equity excluding revaluation reserve for the FY 2024-25 is (Rs.92,431.12) in lakh.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 0
Capital work-in-progress
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets
Total non-current financial assets 0
Deferred tax assets (net)
Other non-current assets
Total non-current assets 0
2 Current assets
Inventories 417000
Current financial asset
Current investments 104000
Trade receivables, current 10698254000
Cash and cash equivalents 403175000
Bank balance other than cash and cash equivalents 0
Loans, current 352977000
Other current financial assets 2934761000
Total current financial assets 14389271000
Current tax assets (net) 90266000
Other current assets 439695000
Total current assets 14919649000
3 Non-current assets classified as held for sale 8680171000
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 23599820000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 600000000
Other equity -1022882000
Total equity attributable to owners of parent -422882000
Non controlling interest
Total equity -422882000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities 0
Provisions, non-current 0
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 0
Current liabilities
Current financial liabilities
Borrowings, current 8062324000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 10965470000
Total Trade payable 10965470000
Other current financial liabilities 3448459000
Total current financial liabilities 22476253000
Other current liabilities 90915000
Provisions, current 1455534000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 24022702000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 24022702000
Total equity and liabilites 23599820000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Oct-2024 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 EXPORT 0 0
2 IMPORT 0 0
3 DOMESTIC 0 0
Total Segment Revenue 0 0
Less: Inter segment revenue
Revenue from operations 0 0
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 EXPORT 0 0
2 IMPORT 0 0
3 DOMESTIC 0 0
Total Profit before tax 0 0
i. Finance cost 5242000 5242000
ii. Other Unallocable Expenditure net off Unallocable income -144777000 -144777000
Profit before tax 139535000 488659000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 EXPORT 910850000 910850000
2 IMPORT 9915031000 9915031000
3 DOMESTIC 0 0
Total Segment Asset 10825881000 10825881000
Un-allocable Assets 12878606000 12878606000
Net Segment Asset 23704487000 23704487000
4 Segment Liabilities
Segment Liabilities
1 EXPORT 1044341000 1044341000
2 IMPORT 10185114000 10185114000
3 DOMESTIC 0 0
Total Segment Liabilities 11229455000 11229455000
Un-allocable Liabilities 12793247000 12793247000
Net Segment Liabilities 24022702000 24022702000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Oct-2024 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the defined benefit plans 58735000 58735000
Total Amount of items that will not be reclassified to profit and loss 58735000 58735000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 58735000 58735000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 488659000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories 53000
Adjustments for decrease (increase) in trade receivables, current -1652182000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 629527000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 0
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -1215609000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -2238211000
Net cash flows from (used in) operations -1749552000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) -48122000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -1701430000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 1002000
Purchase of property, plant and equipment 0
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 169584000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 1054355000
Net cash flows from (used in) investing activities 1224941000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 0
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -476489000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -476489000
Cash and cash equivalents cash flow statement at beginning of period 2873451000
Cash and cash equivalents cash flow statement at end of period 2396962000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 P V A R & ASSOCIATES Yes 29-Feb-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 1250760000 12216230000
2 Total Expenditure 490420000 11988238000
3 Net Profit/(Loss) 760340000 227992000
4 Earnings Per Share 7.01 3.8
5 Total Assets 23704487000 34669957000
6 Total Liabilities 24022702000 35520520000
7 Net Worth -9132445000 -9664793000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Qualified opinion Repetitive Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Qualified opinion Repetitive Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Qualified opinion Repetitive Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Qualified opinion Repetitive Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Qualified opinion Repetitive Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)
8 Textual Information(36) Qualified opinion Repetitive Textual Information(37) Textual Information(38) Textual Information(39) Textual Information(40)
9 Textual Information(41) Qualified opinion Whether appeared first time Textual Information(42) Textual Information(43) Textual Information(44) Textual Information(45)
10 Textual Information(46) Qualified opinion Whether appeared first time Textual Information(47) Textual Information(48) Textual Information(49) Textual Information(50)
11 Textual Information(51) Qualified opinion Repetitive Textual Information(52) Textual Information(53) Textual Information(54) Textual Information(55)


Text Block
Textual Information(1) 1. Refer to Note No 4a of Standalone Financial Statements, non-availability of title deeds in the name of the company in respect of following properties namely.
Textual Information(2) Refer to Note No.4a of Standalone Financial Statements, non-availability of title deeds in the name of the company in respect of following properties namely na) Leasehold Building ni. Leasehold land at Jawahar Vyapar Bhawan valued at Rs. 55,929 lacs nii. Leasehold land at Housing Colony at Aurobindo Marg valued at Rs. 12,394 lacs niii. Plot at Mallet Bunder, Mumbai Port Trust valued at Rs. 11.67 lacs nb) Freehold Building ni. 8 Residential Flats at Asian Games Village Complex, allotted by DDA amounting to Rs. 2720 lacs nii. 7 apartments in different locations of Mumbai amounting to Rs. 1918 lacs nFurther, lease period for plot at Mallet Bunder, Mumbai Port Trust has already expired and the land has been handed over to Mumbai Port Trust. Surrender certificate has been executed on 12.11.2021. But this still continues to be shown as non-current assets held for sale. Thus, non- current assets held for sale has been overstated by Rs. 11.67 lacs. It will also have consequential impact on the Statement of Profit and Loss account resulting into overstatement of profit by Rs. 11.67 lacs. nFurther the farm tanks installed at Mallet Bunder amounting to Rs. 14.84 lacs have also been handed over on as is where is basis. The company has not raised any debit note for the same and thus non-current assets are being overstated by Rs. 14.84 lacs. nFurther to this, the auction of the STC assets was conducted by MBPT on 11.06.2024 and the assets were ultimately sold for Rs. 355 lacs, with the previously forfeited EMD of Rs. 25 Lacs. STC calculated its total receivables from MBPT at Rs. 418 lacs which includes the sale proceeds, EMD and deposits. STC to set off this amount against the Rs. 257 lacs Lease rent payable, (amount yet to be reconciled with MBPT) resulting in a net receivable of Rs. 161 lacs from MBPT. Refer Note 57.
Textual Information(3) NA
Textual Information(4) NA
Textual Information(5) NA
Textual Information(6) ii. Refer Note No. 4 for non-adjustment of value or area in Fixed Assets Register against areas acquired by Delhi Metro Rail Corporation for construction of Metro Station and by LandDO for widening of the Road during Asian Games, as well as the flats or area of land sold by the company to The Handicrafts and Handloom Exports Corporation of India Limited for its Housing colony. Management is in correspondence with DMRC and concerned departments. nThis has resulted into overstatement of non current assets held for sale and consequential impact on profit of the company the amount whereof could not be quantified in absence of complete data from the Company.
Textual Information(7) 325.685 square meters taken by NDMC for widening of roads during Asian Games and 388.91 square meters taken by DMRC for construction of Metro or Metro Station out of the total leasehold land allotted by Land DO to STC for construction of office building at Jawahar Vyapar Bhawan Tolstoy Marg Janpath New Delhi. The Company has taken up the matter with LandDO for reduction of both the area and the records will be updated in nFixed Assets register or Schedule in respect of its area and value once the final outcome in the matter is arrived at. The efforts are being made with LandDO in this regard on regular basis.
Textual Information(8) NA
Textual Information(9) NA
Textual Information(10) NA
Textual Information(11) All trade receivables amounting to 1,69,710.16 lacs as per Note No. 9 have been outstanding for more than 3 years. The Company has made provision for bad and doubtful debts amounting to Rs. 62,727.62 lacs and another sum of Rs. 1,06,982.54 lacs have been shown as Having Significant increase in credit risk since the same is under litigation. As per Note No.9, it is explained that no provision has been made for the same since the relevant creditors will be paid only after recovery of these trade receivables, though in most of the cases agreements are not tripartite. nFurther there has been no recovery during the Financial Year 2024-25 and there is no major update of legal cases which are pending at various forums. Thus trade receivable are not stated at realizable value less cost to be incurred to recover these trade receivables. There is also no balance confirmation available for these trade receivables as on 31.03.2025 and hence we are unable to comment upon the genuineness and effect of the same on the financial statements, if any. nWe are of the view that all trade receivables amounting to 1,69,710.16 lacs are considered doubtful of recovery resulting into short provision for doubtful debts amounting to Rs. 1,06,982.54 lacs. Thus the provision for bad and doubtful debts has been understated by Rs. 1,06,982.54 lacs and consequential impact on the statement of profit and Loss account resulting into overstatement of profit by Rs. 1,06,982.54 lacs. nFurther in case of Rajat Pharmaceuticals Ltd under note no.39.4, Pt.No.4, who drew bills of exchange on STC which were accepted upon receipt of overseas buyers pre-acceptance to STCs bills of exchange. However the foreign buyers defaulted in making payments against the export bills and have gone into liquidation. A sum of Rs.52786 lacs has been admitted by the liquidator of one of the foreign buyers Loben Trading Co. Pte. Ltd, Singapore. A Decree of Rs 6247 lacs approx. has been passed by Honble Bombay High Court in favour of STC against the dues from another foreign buyer i.e Sweetland Trading Pte Ltd., Singapore. As of current date, RPL has gone into liquidation and official liquidator is appointed by Honble High Court of Bombay. The matter is also under investigation by CBI. Banks and Financial institutions have filed legal suit against RPL before DRT or High Court Mumbai, making STC also a party to the case claiming Rs. 47647 lacs. nSTC has filed non money claim suit before different Courts at Delhi and Mumbai for declaring Bills of Exchanges of STC as null and void and unenforceable against STC which were conditionally accepted by STC on back to back basis i.e. STC will make payment to Rajat or Banks only upon receipt of export proceeds from the foreign buyers. n nSTC had filed 272 Criminal Complaints us 138 of N.I Act in New Delhi in 2009 which were transferred from MM Court, Patiala House District Court, New Delhi to the 33rd MM Court, Ballard Pier, Mumbai. Now the matters have been again transferred to M.M. Court, Mazgaon, Bombay. STC is claiming an amount or Rs.45,805 lacs from rajat towards cheque bounce. Cases are at the stage of issuing of summons or arguments on issuing of summons. n nAlso refer to Note No. 39, for matters other than RPL, as all these matters are sub-judice and or under investigation of CBI and we are unable to comment upon the genuineness and effect of the same on the Financial Statements.
Textual Information(12) Out of the total trade receivable of Rs. 1,69,710.16 lacs includes Rs. 1,06,982.54 lacs having significant increase in credit risk being under dispute or litigation for details of major legal cases refer note no. 39. Trade receivables against which dispute or legal proceedings are under process, have been considered as Having Significant increase in credit risk. The company feels that even if no amount would eventually be recovered, no credit impairment is required for the credit risk since the creditor will be paid by the company only to the extent the amount is realized from the debtors. nTrade receivables include 56,844 Lacs approx on account of export of pharma products to foreign buyers purchase from Rajat Pharmaceuticals Ltd. RPL drew bills of exchange on STC which were also accepted upon receipt of overseas buyers pre acceptance to STCs bills of exchange. The foreign buyers Loben Trading and Sweetland defaulted in making payment against the export bills. A claim of 52,786 Lacs has been admitted by the liquidator of one of the foreign buyer Loben Trading Co.Pte Ltd Singapore. A Decree of 6,247 Lacs has been passed by Hon'ble Mumbai High Court in favour of STC against the dues from foreign buyer Sweetland Trading Pte Ltd. As of current date, RPL has gone into liquidation and official liquidator is appointed by Hon'ble High Court Mumbai. The matter is also under investigation by CBI. No provision is required against the same. Banks and Financial institutions have filed legal suit against RPL before DRTor High Court Mumbai making STC also a party to the case claiming 47,647 Lacs. nSTC has filed non money claim suit before different Courts at Delhi and Mumbai for declaring Bills of Exchanges of STC as null and void and unenforceable against STC which were conditionally accepted by STC on back to back basis i.e STC will make payment to Rajat or Banks only upon receipt of export proceeds from the foreign buyers. nSTC had filed 272 Criminal Complaints us 138 of N.I Act in New Delhi in 2009 which were transferred from MM Court, Patiala House District Court, New Delhi to the 33rd MM Court, Ballard Pier, Mumbai. Now the matters have been again transferred to M.M. Court, Mazgaon, Bombay. STC is claiming an amount or Rs.45,635 lacs from Rajat towards cheque bounce. Cases are at the stage of issuing of summons or arguments on issuing of summons. n
Textual Information(13) NA
Textual Information(14) NA
Textual Information(15) NA
Textual Information(16) Currently, as per books of accounts, USD 3,149.35 lacs and Euros 20.90 lacs is receivable from its foreign buyers and USD 41.49 lacs and Pound 0.04 lacs is payable to its foreign suppliers. In nutshell, there are foreign buyers and creditors standing in the financials of STC which have not been revalued in the FY 2024-25. nThus, the Company has not complied with Ind AS 21 (regarding Effects of Changes in Foreign Exchange) by not revaluing the carrying amounts, in most cases, of foreign currency receivables and payables, which are under litigation or disputed. nTherefore, we are unable to ascertain the potential impact on the financial statements, if any. n
Textual Information(17) Matters are subjudice considering materiality concept.
Textual Information(18) NA
Textual Information(19) NA
Textual Information(20) NA
Textual Information(21) i. Refer Note No. 14 -Other Current Assets for non-provisioning in respect of Duties and taxes recoverable , CST (coal ) amounting to Rs. 6.89 lacs which is non recoverable and still not written off. nii. ii. Refer Note No. 11- Other Financial Assets -Claims Recoverable: For non-provisioning in respect of Claims Recoverable outstanding since more than 3 years amounting to Rs.3157.74 lacs where no present status is ascertained by the management of the Company and still not written off. nThis is non-compliance of IND AS -36 as no provision has been made for impaired assets. nAll these current assets are being reflected at their carrying amounts instead of on Realization values. nThis has resulted into overstatement of Current assets by Rs. 3157.74 lacs and overstatement of profit by Rs.3157.74 lacs.
Textual Information(22) Pending with various department and authorities
Textual Information(23) NA
Textual Information(24) NA
Textual Information(25) NA
Textual Information(26) Refer Note No. 38, for non-provision of a demand of Rs. 4,743 lacs out of total demand received from Land and Development Office - New Delhi amounting to Rs. 13,283 lacs (for the period March,2004 to July, 2018) which has resulted in overstatement of profit by Rs 4,743 lacs and understatement of liabilities. However, it has been shown as contingent liability. Also, company has not provided for interest accruing on the said demand amount (to be calculated at the rate of 10 percent) approx. The matter is under correspondence with LandDO office and no provision is made for the year 2024-25 in the accounts.
Textual Information(27) Demand of Rs. 132.83 Crore was raised by LandDO vide its letter no. LandDDO LS2A 9225 133 dated 26th March 2018 from 2004-05 onwards for non-compliance of various conditions of the Lease Deed (including non-deposits of 25 percent of the gross rent received by STC from its tenants. However, the company has disputed the demand and the matter is yet to be resolved. On the observation of CAG audit, the firm liability of Rs. 8,540 lacs has been created in the books of accounts for the FY 2021-22. Further, STC through its various letters has been regularly following up with LandDO for providing details of outstanding dues and the latest reminder letter dated 20.05.2025 has been issued by STC requesting LandDO to provide details of outstanding dues, as on date and the reply is still awaited.
Textual Information(28) NA
Textual Information(29) NA
Textual Information(30) NA
Textual Information(31) Refer Note No.21, All the trade payables amounting to Rs. 1,09,654.70 lacs are without any balance confirmation and are outstanding for more than 3 financial years. n nNo amount is payable to these parties as these are suppliers who have entered into legal agreement with STC wherein no amount is payable to them until and unless the amount is recovered from the buyer. Thus, the management has not accorded any treatment to these trade payables and to that extent, liabilities are overstated.
Textual Information(32) Matters are subjudice
Textual Information(33) NA
Textual Information(34) NA
Textual Information(35) NA
Textual Information(36) Refer Note No.14, The GST input receivable and payable balances are not reconciled by the Company as on March 31,2025. GST input Rs 54.21 lacs - non claimable but no provision has been made. Profit of the company is overstated by the same amount. nTDS deducted will be reconciled with form 26AS at the time of submitting Income Tax return, as on the date of report the complete information is not available. nNo provision has been made for TDS default of Rs 7.29 lacs pending, submission of correction statements.
Textual Information(37) GST matter will be taken up and default of TDS will be paid in FY-2025-26
Textual Information(38) NA
Textual Information(39) NA
Textual Information(40) NA
Textual Information(41) 8. Investments (Refer Note No.8) n n STCL Limited: As confirmed by STC management Accounts for the FY 2024-25 could not be prepared and hence were not made available for consolidation purpose. The availability recovery of asset and or write off could not be ascertained by the management. n NSS Satpura Agro Development Company Ltd.: As confirmed by STC management, The company has been strike off .However, still it is appearing in the books of accounts of STC India Limited. The availability recovery of asset and or write off could not be ascertained by the management. n Sea Lac Agro Ventures Limited: The latest financials of the JV are not available for verification. The availability recovery of asset and or write off could not be ascertained by the management. n Maharashtra Small Scale Industries Development: The latest financials of the JV are not available for verification. The availability recovery of asset and or write off could not be ascertained by the management. n Andhra Pradesh Trade Promotion Corporation Limited: The latest financials of the JV are not available for verification. The availability recovery of asset and or write off could not be ascertained by the management. n Sindhu Resetttlement: The latest financials of the JV are not available for verification. The availability recovery of asset and or write off could not be ascertained by the management.
Textual Information(42) Effective treatment w.r.t NSS Satpura Agro Development Company Ltd. shall be given in FY 2025-26. n Investment in Sindhu Resetttlement has been shown at a nominal value of 0.04 lacs. nRest all the investments have been fully provided for.
Textual Information(43) NA
Textual Information(44) NA
Textual Information(45) NA
Textual Information(46) Other Equity: An amount of Exchange Fluctuation Reserves Rs.649.53 lacs and Bonus Reserve Rs.0.33 lacs are appearing in the books of accounts since long. As confirmed by management, these reserves are created long back and details shall be provided in next financial year. We are unable to ascertain its possible impact, if any, on the standalone financial statements of the Company.
Textual Information(47) These reserve have been earmarked for specific purpose. These are very old and the same shall be reviewed in the FY 2025-26.
Textual Information(48) NA
Textual Information(49) NA
Textual Information(50) NA
Textual Information(51) i. i. Refer Note No. 24, customer at credit includes amount payable to U.P. Government amounting to Rs.603 lacs. As informed by the management, the company has made various other claims on U.P Government and accordingly dues of Rs. 3382.23 lacs is recoverable from U.P. Government for which debit note dated March 10, 2014 was raised. However, the said claim was not recognized in the standalone financial statements of the company till date, as its ultimate collection was not certain. In absence of information on acceptability of the said claim by the UP Government, we are unable to ascertain its possible impact, if any, on the standalone financial statements of the Company. n
Textual Information(52) Includes an amount payable of Rs. 603 lacs to U.P. Government is adjustable against claims of interest and carrying charges amounting to Rs 3,382.23 lacs is outstanding from UPGEWC on account of (i) differential of import price and amount realised on risk sale of 9555.285 MTs Lemon Tur and (ii) Interest and carrying charges, and STC has been continuously following up the recovery matter with Govt of UP and filed its petition dtd 28.01.2022 for resolution of dispute through AMRCD mechanism. Last AMRCD meeting was held on 14.11.2025 wherein AMRCD committee had directed to carry out the reconciliation between STC and UPGEWC. Accordingly, STC vide letter dated 28.02.2025 has sent the documents or information in support of our claim to UPGEWC. Further, a reminder dated 13.05.2025 is also sent to UPGEWC by STC.
Textual Information(53) NA
Textual Information(54) NA
Textual Information(55) NA


Signatories detail
Name of CEO / Managing director -
Name of CFO BURA SRINIVASA RAO
Name of audit committee chairman AUDIT COMMITTEE NOT CONSTITUTED
Name of statutory auditor P V A R & ASSOCIATES
Name of other signatory, if any, with designation ANOOPA S. NAIR, DIRECTOR FINANCE
Place NEW DELHI
Date 13-Jun-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 THE STATE TRADING CORPORATION OF INDIA LIMITED SBI Personalised Banking Branch Tennant Sale of goods or services NA 9162000 0 0 Textual Information(1)
2 THE STATE TRADING CORPORATION OF INDIA LIMITED SBI IFB Branch Tennant Sale of goods or services NA 52056000 0 0 Textual Information(2)
3 THE STATE TRADING CORPORATION OF INDIA LIMITED SBI CAG Branch Tennant Sale of goods or services NA 46729000 0 0 Textual Information(3)
4 THE STATE TRADING CORPORATION OF INDIA LIMITED SBI Overseas Branch Tennant Sale of goods or services NA 67977000 0 0 Textual Information(4)
5 THE STATE TRADING CORPORATION OF INDIA LIMITED Special Protection Group Tennant Sale of goods or services NA 2411000 0 0 Textual Information(5)
6 THE STATE TRADING CORPORATION OF INDIA LIMITED Security Printing and Minting Corporation Tennant Sale of goods or services NA 41691000 0 0 Textual Information(6)
7 THE STATE TRADING CORPORATION OF INDIA LIMITED Indian Railway Catering and Tourism Corporaion Limited Tennant Sale of goods or services NA 933000 0 0 Textual Information(7)
8 THE STATE TRADING CORPORATION OF INDIA LIMITED Department of administrative Reform and Public Grievances Tennant Sale of goods or services NA 90910000 0 0 Textual Information(8)
9 THE STATE TRADING CORPORATION OF INDIA LIMITED Department of Economic Affairs Tennant Sale of goods or services NA 52892000 0 0 Textual Information(9)
10 THE STATE TRADING CORPORATION OF INDIA LIMITED National Company Law Tribunal Tennant Sale of goods or services NA 0 0 0 Textual Information(10)
11 THE STATE TRADING CORPORATION OF INDIA LIMITED Commission of Air Quality Index Tennant Sale of goods or services NA 11569000 0 0 Textual Information(11)
12 THE STATE TRADING CORPORATION OF INDIA LIMITED Capacity Building Commission Tennant Sale of goods or services NA 36264000 0 0 Textual Information(12)
13 THE STATE TRADING CORPORATION OF INDIA LIMITED STCL Limited Tennant Sale of goods or services NA 100134000 0 0 Textual Information(13)
14 THE STATE TRADING CORPORATION OF INDIA LIMITED ONGC Limited Tennant Sale of goods or services NA 0 0 0 Textual Information(14)
15 THE STATE TRADING CORPORATION OF INDIA LIMITED 16th Finance Commision Tennant Sale of goods or services NA 51965000 0 0 Textual Information(15)
16 THE STATE TRADING CORPORATION OF INDIA LIMITED Shri Suresh Kumar Meena KMP Remuneration NA 1555000 0 0
17 THE STATE TRADING CORPORATION OF INDIA LIMITED Shri B.S Rao KMP Remuneration NA 1054000 0 0
18 THE STATE TRADING CORPORATION OF INDIA LIMITED Shri Vipin Kumar Tripathi KMP Remuneration NA 620000 0 0
Total value of transaction during the reporting period 567922000



Text Block
Textual Information(1) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(2) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(3) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(4) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(5) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(6) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(7) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(8) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India. Due to some technical problem PAN no. fail to validate, however, PAN no. is DELDO7810F.
Textual Information(9) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(10) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India. Due to some technical problem PAN no. fail to validate, however, PAN no. is DELNI5857C.
Textual Information(11) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(12) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(13) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(14) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India
Textual Information(15) All the tenants are treated as related party because all are Government Organisation under the same Promoter i.e. Hon'ble President of India. Due to some technical problem PAN no. fail to validate, however, PAN no. is DELSO5305N.


Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 8062324000
B Of the total amount outstanding, amount of default as on date 8062324000
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 24022702000