The State Trading Corporation of India Limited — Board Meeting, 07-02-2025: Outcome of Board Meeting

The State Trading Corporation of India Ltd. has announced a board meeting where the proposal for a One-Time Settlement (OTS) with lenders has been approved. The OTS is aimed at settling outstanding dues totaling ₹1,906.24 Cr, which includes principal and interest amounts. As part of the settlement, STC will initially pay ₹50 Cr upfront to Canara Bank, followed by ₹150 Cr in 24 monthly installments of ₹6.25 Cr each. The company is currently engaging with six banks forming a consortium for this settlement, which may significantly impact its financial liabilities.