New Delhi: The State Trading Corporation of India Limited (STC India) successfully conducted its 69th Annual General Meeting (AGM) on Thursday via video conference. During the meeting, the company approved its standalone and consolidated audited financial statements for the fiscal year 2024-25, made key leadership appointments, and finalized important board and secretarial auditor assignments.
Key Leadership Appointments
At the AGM, STC India announced the appointment of Mr. Nitin Kumar Yadav (IAS) as the Chairman & Managing Director (CMD) of the company. In addition, Smt. Anoopa Sankarankutty Nair (IES) and Mr. A K M Kashyap were appointed as Directors, further strengthening the leadership team.
The meeting also approved the appointment of Mis Kumar Naresh Sinha & Associates as Secretarial Auditor for five consecutive financial years (FY 2025-26 to FY 2029-30).
Mr. Nitin Kumar Yadav, who chaired the AGM, was joined by 47 shareholders, including representatives of the Government of India. Also present were Mr. A K M Kashyap and Mr. B. S. Rao, Chief Financial Officer, overseeing the governance and administrative proceedings.
Read also: STC Appoints A.K.M. Kashyap as Government Nominee Director, Strengthening Board-Level Governance
Approval of Financial Statements
The shareholders approved STC India’s standalone and consolidated audited financial statements for FY 2024-25, which included the Balance Sheet, Profit & Loss Account, Cash Flow Statement, Board Report, Auditor Report, and observations from the Comptroller & Auditor General of India (CAG).
Additionally, the Board was authorized to fix the remuneration of the Statutory Auditor appointed by the CAG for FY 2025-26, ensuring transparency and compliance with statutory requirements.
Shareholder Engagement and Voting
The AGM incorporated remote e-voting from January 12–14, 2026, along with on-site voting facilities for members unable to vote online. Shareholders who registered as speakers actively raised queries, which were addressed comprehensively during the session.
The combined results of remote and on-site voting will be formally announced on STC India’s official website and through stock exchange notifications. The AGM concluded at 4:00 PM, with the Chairman thanking the shareholders, Board members, and the Government representative for their participation and support.
About STC India
STC India is a premier government-owned trading company engaged in the import, export, and distribution of a wide range of commodities and products. With a legacy of over six decades, STC plays a vital role in India’s foreign trade and contributes to the country’s economic development by facilitating trade, ensuring supply chain stability, and supporting government initiatives in domestic and international markets.
