STC India Gets New Government Nominee Director as Centre Appoints Asit Gopal

State-owned trading major The State Trading Corporation of India Ltd (STC India) has informed stock exchanges about a key change at the board level following a decision by the Government of India.

The Department of Commerce, under the Ministry of Commerce and Industry, has appointed Shri Asit Gopal, Special Secretary and Financial Advisor in the Ministry of Textiles, as the Government Nominee Director on the Board of STC India. The appointment order was issued on January 19, 2026, and received by the company a day later.

Shri Gopal currently holds the additional charge of Additional Secretary & Financial Advisor, Department of Commerce, bringing with him extensive experience in government finance, policy formulation, and inter-ministerial coordination.

According to the disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015, his appointment will come into effect after completion of the necessary statutory and procedural formalities. STC India will separately announce the effective date of his induction on the board.

The development is seen as part of the government’s continued oversight and strategic alignment of public sector enterprises with national trade and policy objectives.

STC India, a Government of India enterprise, plays a key role in India’s international and domestic trade operations across commodities, minerals, metals, hydrocarbons, and agri-products.