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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
State Trading Corporation of India Ltd

State Trading Corporation of India Ltd: Q2 FY27 Unaudited Standalone Financial Results

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 13 Nov 2026, 05:29 PM IST  ·  BSE ID: 5e97fd0e-7eb0-4382-b5ae-2d115c5059be
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's latest financial report has qualified auditor remarks about under-provisioned doubtful debts and overstated assets.
🤖 AI Summary
  • Board approved unaudited standalone financial results for Q2 FY27 and half-year ended September 30, 2026.
  • Auditor noted short provision for doubtful debts amounting to Rs. 1,07,226.25 lacs, overstating profit.
  • Claims recoverable of Rs. 3,202.47 lacs were not provided for, overstating current assets and profit.
  • Non-current assets held for sale were overstated by Rs. 17.67 lacs for Mallet Bunder plot and Rs. 14.84 lacs for farm tanks.
  • BSE and NSE levied cumulative penalties of Rs. 175.90 Lakhs up to June 2026 for SEBI LODR non-compliance.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Short provision for doubtful debts
Rs. 1,07,226.25 lacs
Non-provisioned claims recoverable
Rs. 3,202.47 lacs
Overstatement of non-current assets (Mallet Bunder plot)
Rs. 17.67 lacs
Overstatement of non-current assets (farm tanks)
Rs. 14.84 lacs
Cumulative regulatory penalties (upto June 2026)
Rs. 175.90 Lakhs
🏢 How This Affects the Company
💰
Financial Impact
The auditor noted potential overstatement of profit by Rs. 1,07,226.25 lacs due to under-provisioned doubtful debts and by Rs. 3,202.47 lacs due to unprovided claims recoverable. Overstated non-current assets held for sale by Rs. 17.67 lacs and Rs. 14.84 lacs were also highlighted.
⚠️
Risk Impact
The company faces regulatory risks from penalties totaling Rs. 175.90 Lakhs levied by BSE and NSE for non-compliance with SEBI LODR regulations. Uncertainties regarding recoverability of significant trade receivables and claims recoverable pose financial risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the qualified audit opinion which highlights potential overstatements in profit and assets due to non-provisioning of significant amounts, including Rs. 1,07,226.25 lacs in doubtful debts and Rs. 3,202.47 lacs in claims.
🔍
Management Signal
The management's decision to not provide for certain items and to pursue waivers for regulatory penalties signals an approach to financial reporting and compliance that the auditor has highlighted as a concern.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — check for resolution of auditor's qualifications.
Updates on recovery status of Rs. 1,69,953.87 lacs trade receivables.
Outcome of waiver requests for Rs. 175.90 Lakhs regulatory penalties.
HIGH RISK Significant qualified audit opinion on financial results, including major under-provisioning and regulatory penalties.
💡 Investor Takeaway
The Q2 FY27 unaudited standalone financial results for State Trading Corporation of India Ltd were approved. The independent auditor's report highlights a short provision for doubtful debts of Rs. 1,07,226.25 lacs and unprovided claims recoverable of Rs. 3,202.47 lacs, impacting profit and asset values. Penalties of Rs. 175.90 Lakhs were incurred for SEBI LODR non-compliance.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Auditors identified short provision for doubtful debts by Rs. 1,07,226.25 lacs, resulting in overstated profit.
  • Non-provisioning for claims recoverable of Rs. 3,202.47 lacs leads to overstatement of current assets and profit.
  • Non-current assets held for sale are overstated by Rs. 17.67 lacs for a Mumbai plot and Rs. 14.84 lacs for farm tanks.
  • Cumulative penalties of Rs. 175.90 Lakhs were levied by stock exchanges for non-compliance with SEBI LODR regulations.
❓ Frequently Asked Questions
What significant issues did the auditor highlight in State Trading Corporation of India's Q2 FY27 results?
The auditor highlighted a short provision of Rs. 1,07,226.25 lacs for doubtful trade receivables and non-provisioning of Rs. 3,202.47 lacs for claims recoverable, leading to profit and asset overstatements.
What penalties has State Trading Corporation of India Ltd incurred?
State Trading Corporation of India Ltd incurred cumulative penalties of approximately Rs. 175.90 Lakhs from BSE and NSE up to June 2026 for non-compliance with various SEBI (LODR) Regulations.
Are the company's non-current assets held for sale accurately stated?
The auditor indicated that non-current assets held for sale are overstated by Rs. 17.67 lacs for a plot at Mallet Bunder and Rs. 14.84 lacs for farm tanks, which have already been handed over.
What is the status of trade receivables for State Trading Corporation of India Ltd?
All trade receivables amounting to Rs. 1,69,953.87 lacs have been outstanding for more than 3 years, with Rs. 1,07,226.25 lacs shown as 'Having Significant increase in credit risk' with no provision.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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