STC Limited has formally intimated the stock exchanges (BSE Limited and National Stock Exchange of India Limited) about a delay in holding its Board of Directors meeting for the approval of financial results. This intimation is made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The specific reason for the delay is that the company's Board of Directors is presently incomplete. The number of directors has fallen below the minimum strength required to constitute a valid Board as per the company's Articles of Association. The Articles mandate a minimum of four (4) Directors to constitute the Board. However, the company currently has only two (2) Directors in office.
Consequently, the Board meeting for the consideration and adoption of the Audited Annual Financial Results for the period/year ended March 31, 2026, cannot be held as required. The company has stated that the date for this board meeting will be intimated in due course, but only after the Board is reconstituted and reaches the required minimum strength.
The communication was issued by CS Ritu Bhatia, Company Secretary & Compliance Officer, from the company's registered office at Jawahar Vyapar Bhawan, Tolstoy Marg, New Delhi - 110001.