The State Trading Corporation of India Limited — Board Meeting, 13-06-2025: Outcome of Board Meeting

The State Trading Corporation of India has announced a board meeting where it approved a revised One-Time Settlement plan with six lender banks, including Canara Bank and Union Bank. With outstanding dues of ₹1906.24 Cr from 2018 and over ₹1100 Cr already repaid, the company will pay a lump sum of ₹200 Cr to settle remaining liabilities and expedite the withdrawal of pending court cases. This move aims to swiftly resolve legacy debt and strengthen STC’s financial position going forward.