Storage Technologies and Automation Ltd

Storage Technologies and Automation Ltd announced key management changes following its 16th Annual General Meeting held on September 26, 2026. The company's members approved the appointment of three new Independent Directors: Ms. Bhagya M.G., Mr. A. Harsha, and Mr. Mizar Udaya Bhandary, each for a three-year term from September 26, 2026, to September 25, 2029. Additionally, four Whole-Time Directors, Mr. Khasim Sait, Mr. Numaan Khasim, Afzal Hussain, and Syed Azeem, have been re-appointed for a two-year term from November 2, 2026, to November 1, 2028. Mr. Mohammad Arif Abdulgaffar Dor has been re-appointed as Managing Director for the same two-year period. Mr. Hanif Abdul Gaffar Khatri continues as Executive Director and Chairman. These appointments and re-appointments are in line with SEBI Listing Regulations.

Storage Technologies and Automation Ltd announced that all resolutions proposed at its Annual General Meeting (AGM) held on September 26, 2026, were approved by the requisite majority. The AGM, which concluded at 3:50 p.m., saw the adoption of audited financial statements for the fiscal year ended March 31, 2026. The voting results and the Scrutinizer's Report, submitted by Mr. Ajay Madaiah B B, are available on the company's website and the NSDL e-voting portal. The company's Managing Director, Mohammad Arif Abdul Gaffar Dor, confirmed the outcomes.

Storage Technologies and Automation Ltd has announced the closure of its trading window for designated persons and insiders. This closure is in effect from October 1, 2026, and will remain open 48 hours after the Board Meeting where financial results for the half-year ending September 30, 2026, are considered and approved. The specific date of the board meeting will be communicated later. This measure is in compliance with SEBI regulations concerning insider trading.

Storage Technologies and Automation Ltd reported its Annual Report for FY26, revealing a 15.35% decline in consolidated revenue from operations to ₹84.97 Crore, down from ₹100.38 Crore in FY25. The slowdown was primarily in H2FY26, attributed to client order reassessments, logistics bottlenecks, and geopolitical supply chain disruptions. Consequently, the company incurred a consolidated EBITDA loss of ₹(63.24) Lakhs and an adjusted net loss of ₹(323.84) Lakhs. Despite the financial challenges, the company maintained a strong gross profit margin of 36.51% and emphasized capital discipline. The 16th Annual General Meeting is scheduled for September 26, 2026.

Storage Technologies and Automation Ltd has announced the appointment of CS Ajay Madaiah B B, a Practicing Company Secretary from ABM & Associates, as the scrutinizer for the e-voting process. This appointment is in connection with the company's 16th Annual General Meeting (AGM), scheduled for September 26, 2026. The scrutinizer will ensure the fair and transparent conduct of the e-voting for the upcoming AGM. The Board of Directors made this appointment during their meeting on September 1, 2026.

Storage Technologies and Automation Limited has announced that its Board of Directors has set September 19, 2026, as the cut-off date for e-voting for the company's 16th Annual General Meeting (AGM). The e-voting period will commence on September 23, 2026, at 9:00 AM and conclude on September 25, 2026, at 5:00 PM. This sets the procedural timeline for shareholder participation in the upcoming AGM.

Storage Technologies and Automation Ltd announced significant management changes, including the appointment of three new non-executive independent directors: Ms. Bhagya M.G., Ms. A. Harsha, and Mr. Mizar Udaya Bhandary. The company also recommended the re-appointment of several existing directors, including Mr. Syed Azeem and Mr. Hanif Abdul Gaffar Khatri, for various roles. Notably, Mr. Syed Azeem has been appointed as Chief Executive Officer for a two-year term, and Mr. Mohammad Arif Abdulgaffar Dor will continue as Managing Director. Mr. Hanif Abdul Gaffar Khatri will serve as Executive Director and Chairman. Additionally, Mr. Sk Samim Riaz has been appointed as Chief Finance Officer. The company also approved the reappointment of secretarial and internal auditors.

Storage Technologies and Automation Ltd held a board meeting on September 1, 2026. The board approved the Annual Report for FY2025-26 and the notice for the 16th Annual General Meeting (AGM) scheduled for September 26, 2026. Key decisions included fixing the cut-off and book closure dates for the AGM, appointing a scrutinizer for e-voting, and approving M/s MUV & Co as Internal Auditors for FY2026-27. The board also recommended the re-appointment of directors liable to retire by rotation, the appointment of new independent directors, and the re-appointment of whole-time directors, Managing Director, CEO, CFO, Chairman, and Executive Director for specified terms. Re-appointment of M/s ABM & Associates as Secretarial Auditor for FY2026-27 was also approved.

Storage Technologies and Automation Ltd reported audited financial results for the year ended March 31, 2026. Consolidated revenue declined by 15.4% YoY to ₹849.70 Mn, resulting in a net loss attributable to shareholders of ₹32.74 Mn compared to a profit of ₹35.51 Mn in FY25. Standalone revenue decreased by 10.18% to ₹848.00 Mn, with a net loss after tax of ₹31.27 Mn versus a profit of ₹32.19 Mn in the previous year. The board approved the standalone and consolidated financial statements with unmodified audit reports from M/s. MSSV & Co.

Storage Technologies and Automation Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the Standalone and Consolidated Financial Statements for the second half year and year ended March 31, 2026, along with the Audit Report. The meeting is being held pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.