The State Trading Corporation of India Limited — Board Meeting, 28-10-2024: Outcome of Board Meeting

The Board of Directors of The State Trading Corporation of India approved the unaudited financial results for the quarter and half-year ended September 30, 2024. The report highlights a loss before tax and exceptional items of Rs. 724.35 lakhs. The audit revealed multiple concerns, including overstatement of non-current assets and trade receivables, alongside various unaddressed liabilities. The corporation continues to operate on a non-going concern basis, with ongoing discussions for one-time settlements with lenders.