New Delhi : State Trading Corporation of India Limited (STC) has officially announced a change in its top leadership, informing stock exchanges that the tenure of Nitin Kumar Yadav as Chairman and Managing Director (CMD) has concluded.
The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015, which mandates listed companies to report material changes in leadership and key managerial personnel.
Tenure Details and Role
According to the companyโs filing, Yadav, an Indian Administrative Service (IAS) officer of the 2000 Haryana cadre, was serving as CMD of STC on an additional charge basis. His appointment became effective on April 28, 2025, for a period of one year or until further orders, whichever was earlier.
During his tenure, Yadav simultaneously held the position of Additional Secretary in the Department of Commerce, under the Ministry of Commerce and Industry, reflecting his dual administrative and corporate responsibilities.
Completion of Term
STC confirmed that Yadavโs tenure officially ended on April 27, 2026, upon completion of the one-year term. Consequently, he has ceased to hold the positions of Director and CMD of STC Limited with effect from the afternoon (AN) of April 27, 2026.
Regulatory Compliance
The company has formally notified stock exchanges and requested that the disclosure be taken on record, ensuring compliance with applicable regulatory requirements and maintaining transparency for investors and stakeholders.
Significance of the Change
Leadership transitions in public sector enterprises like STC are closely monitored, as they can influence strategic direction, trade operations, and policy alignment. Yadavโs tenure, though on an interim basis, was part of the governmentโs administrative framework for managing key public sector entities.
With this update, State Trading Corporation of India Limited marks the conclusion of Nitin Kumar Yadavโs additional charge as CMD, while further developments regarding permanent leadership are expected in due course.
